United Bank of India Car Loan Key Features – Jan 2021
| United Bank of India Car Loan Interest Rate | 7.35% per annum |
| Min Loan Amount | ₹ 100,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 90% of On Road Price or 100% of Ex-showroom Price |
| Loan Tenure | 1 year to 7 years |
| Lowest EMI / Lac | ₹ 1,526 |
| Minimum Net Monthly Income | ₹ 25,000 |
| Minimum ITR for Self Employed | ₹ 300,000 |
| Age Criteria | Salaried: 21 years to 70 years Self Employed: 21 years to 70 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs). |
| Processing Fee | 0.40% of the principal amount |
| Foreclosure Charges | NIL |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation |
About United Bank of India Car Loan
United Bank of India is a state-owned financial services firm headquartered in Kolkata, West Bengal, India. Currently, the bank has a three-tier organizational setup consisting of its Head Office in Kolkata, 36 Regional Offices and 2054 branches all over India.
United Bank of India presents affordable Car Loan interest rates to the customer for purchasing their dream car, it can be new or second hand. You can easily avail a car loan who have a good credit/CIBIL score.
Advantages of United Bank of India Car Loan
United Bank of India Car Loan Eligibility
| Salaried Individual |
|
| Self-Employed Individuals |
|
| Self-Employed Non-Individuals (Company/Partnership) |
|
| Priority Customers |
|
United Bank of India Car Loan Interest Rate, Fees and Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.35% p.a. | 8.75% p.a. |
| Processing fee | 0.40% of the principal amount | Up to 0.59% of the loan amount(Max Rs. 11,800) |
| Issuance of Duplicate Repayment Schedule Charges | Rs.500 per instance | Rs.500 per instance |
| Foreclosure Charges | No foreclosure charges | No foreclosure charges |
| Penal Interest | 2% per month | 2% per month |
| Part Payment charges | 5% of the paid amount | 5% of the paid amount |
| Cheque/Instrument Swap Charge | Rs.500 per instance | Rs.500 per instance |
| Documentation Charge | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate No Dues Certificate Charges | Rs.500 per instance | Rs.500 per instance |
| Registration Certification Collection Charge | Rs.200 per instance | Rs.200 per instance |
| Cheque Bounce/Instrument Return Charges | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate Statement Charges | Rs.500 per instance | Rs.500 per instance |
| Loan Cancellation/Re-booking Charges | Rs.2,500 per instance | Rs.2,500 per instance |
| Issuance of Credit Report | Rs.50 per instance | Rs.50 per instance |
United Bank of India Car Loan Documents Required
Documents required for a car loan are as followed:
Salaried Individual
| Category | Documents Required |
| Identity Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof
(Any 1) |
Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof
(Any 1) |
Birth Certificate Passport Driving Licence PAN |
| Signature Proof
(Any 1) |
Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Work Experience Certificate ITR of Form 16 Salary Slip with Joining Date Appointment Letter Letter of Relieving |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof (Any 1) | Birth Certificate Passport Driving Licence PAN |
| Signature Proof (Any 1) | Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Business Proof | Current Account Statement Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
Self-Employed Non-Individuals:
1. Partnership Firms/Societies
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents | Authority Letter/PAN cards |
2. Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | Copy of Latest MOA Copy of Incorporation Copy of Latest AOA |
| Address Proof (Any 1) |
Current Account Statement
Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents |
List of Directors and Shareholding Partners
PAN Card Board Resolution Certificate of Commencement of Business for Ltd. Co. |
United Bank of India Car Loan EMI Calculator
The candidate has the option to check the EMI’s before getting a Car Loan. You can easily examine through the link below:
United Bank of India Car Loan Types
United Bank of India offers three types of car loans to its customers. You have the choice of picking the offer which suits you. United Bank of India presents the following types of Car Loans:
- New Car Loan – If you have a desire to buy a new car, this scheme is for you. You can avail a car loan from United Bank of India for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
- Used Car Loan – If you wish to purchase a used car then you can pick this scheme which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
- Loan Against Car – You can select this scheme if you require urgent funds where you can keep your cars as security with the bank.
United Bank of India Car Loan Pre Calculated EMI
How to Apply for a United Bank of India Car Loan?
- Visit Dialabank and fill a simple form.
- Our Relationship Manager will contact you and guide you throughout the processing for a car loan.
- You can compare various offers from banks and pick the one which suits you.
- So, you can easily apply for a Car Loan with Dialabank and enjoy best offers.
United Bank of India Car Loan for Top Selling Cars
Other Available Products from United Bank of India
FAQs for United Bank of India Car Loan
✅ What is the United Bank of India Car loan?
Car loan refers to the various financial products which allow someone to acquire a car, including car finances and leases.
✅ How can I get a car loan from United Bank of India?
You need to submit the required documents to check your eligibility criteria for a car loan along with your income proof to get a car loan from United Bank of India.
✅ How to Check Car Loan status in the United Bank of India?
You can check your car loan status in United Bank of India by visiting the nearest branch or by checking the bank’s website
✅What is the maximum loan amount that I can avail of on a car loan from United Bank of India?
N/A
✅ What is the loan tenure of the United Bank of India Car loan?
United Bank of India offers a car loan for a period of 1 year to 7 years.
✅ Can you prepay your United Bank of India Car Loan?
There is no prepay/foreclosure charges for getting a car loan from United Bank of India.
✅ Does the United Bank of India Car Loan charge any Processing Fees?
The processing fee charged by the United Bank of India for a car loan is 0.40% of the principal amount
✅ Can I get a United Bank of India Car Loan if I have a low Credit score?
There is a requirement of a good credit score of 700 or above for availing a car loan from United Bank of India.
✅ What can you keep as Security with the United Bank of India to get a Car Loan?
No need of any other security other than the car itself to get a car loan from the United Bank of India.
✅ What is the United Bank of India Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the United Bank of India Car Loan account.
- Pay the pre-closure charges as per United Bank of India Car Loan.
✅ What are the United Bank of India Car Loan preclosure charges?
United Bank of India Car Loan preclosure charges are up to 6%+ GST.
✅ What is the United Bank of India Car Loan maximum tenure?
The United Bank of India Car Loan maximum tenure is 7 years.
✅ What is the United Bank of India Car Loan minimum tenure?
The United Bank of India Car Loan minimum tenure is 1 year.
Table of Contents
- 1 United Bank of India Car Loan Key Features – Jan 2021
- 2
- 3 About United Bank of India Car Loan
- 4 Advantages of United Bank of India Car Loan
- 5 United Bank of India Car Loan Eligibility
- 6 United Bank of India Car Loan Interest Rate, Fees and Charges
- 7 United Bank of India Car Loan Documents Required
- 8 United Bank of India Car Loan EMI Calculator
- 9 United Bank of India Car Loan Types
- 10 United Bank of India Car Loan Pre Calculated EMI
- 11 How to Apply for a United Bank of India Car Loan?
- 12 United Bank of India Car Loan for Top Selling Cars
- 13 Other Available Products from United Bank of India
- 14 FAQs for United Bank of India Car Loan
- 14.1 ✅ What is the United Bank of India Car loan?
- 14.2 ✅ How can I get a car loan from United Bank of India?
- 14.3 ✅ How to Check Car Loan status in the United Bank of India?
- 14.4 ✅What is the maximum loan amount that I can avail of on a car loan from United Bank of India?
- 14.5 ✅ What is the loan tenure of the United Bank of India Car loan?
- 14.6 ✅ Can you prepay your United Bank of India Car Loan?
- 14.7 ✅ Does the United Bank of India Car Loan charge any Processing Fees?
- 14.8 ✅ Can I get a United Bank of India Car Loan if I have a low Credit score?
- 14.9 ✅ What can you keep as Security with the United Bank of India to get a Car Loan?
- 14.10 ✅ What is the United Bank of India Car Loan closure procedure?
- 14.11 ✅ What are the United Bank of India Car Loan preclosure charges?
- 14.12 ✅ What is the United Bank of India Car Loan maximum tenure?
- 14.13 ✅ What is the United Bank of India Car Loan minimum tenure?
