United Bank of India Car Loan

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

United Bank of India Car Loan Key Features

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 Car Loans at affordable 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

United Bank of India Car Loan Eligibility

Salaried Individual
  • Age – 21-70 years of age
  • Net Monthly Income – should be a minimum ₹ 25000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-70 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

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

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:

Car Loan EMI Calculator

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:

  1. 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.
  2. 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.
  3. 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 United Bank of India Car Loan?

  1. Visit Dialabank and fill a simple form.united bank of india car loan
  2. Our Relationship Manager will contact you and guide you throughout the processing for a car loan.
  3. You can compare various offers from banks and pick the one which suits you.
  4. 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

United Bank of India Personal Loan United Bank of India Gold Loan United Bank of India Home Loan
United Bank of India Credit Card United Bank of India Two Wheeler Loan United Bank of India Education Loan

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 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.

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