United Bank of India Two wheeler Loan

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United Bank of India Two Wheeler Loan Key Features

United Bank of India Two Wheeler Loan Interest Rate 11.83%* per annum
Min Loan Amount ₹ 10,000
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 4 years
Lowest EMI / Lac ₹ 2,625
Minimum Net Monthly Income Salaried – ₹ 7,000, Self Employed – ₹ 6,000
Age Criteria 21 years to 65 years(At Loan Maturity)
Types of Vehicle For All New Two-Wheelers (Bikes, Superbikes, etc.)
Processing Fee Up to 3% of the Loan Amount.
Foreclosure Charges 3% – 10% Based on the time of foreclosure ( Foreclosure not allowed during the first 3 months)
Basic Documentation ID Proof, Address Proof, Bank Statement

About United Bank of India Two Wheeler Loan

United Bank of India Two Wheeler Loan has become essential for an individual to fulfil his dream of buying a new bike at any cost with any financial resource. United Bank of India is providing the opportunity of a lifetime by providing Two Wheeler Loans with Lowest Interest Rates & Affordable EMIs.

Advantages of United Bank of India Two Wheeler Loan United Bank of India Two wheeler Loan

  1. Easy and hassle-free process
  2. Quick Disbursal of Loan Amount
  3. Fulfil your wants by choosing the Two Wheeler you love
  4. Attractive Rate of Interests
  5. Easy Repayment and Prepayment Method.

United Bank of India Two Wheeler Loan Eligibility

Your ability to repay the loan is the biggest factor in deciding whether you’ll be eligible or not for the United Bank of India two-wheeler loan. The following are the major criteria’s: 

  • The applicant should be of at least 21 years of age and a maximum of 65 years of age to apply for the loan. 
  • If you have an average monthly income of Rs 7000 (salaried) and Rs 6000 (self-employed), you’re eligible for the United Bank of India two Wheeler loan.
  • Cibil Score has a direct impact on your eligibility for the loan. If you have a high Cibil score, you can get the approval for the loan easily. 

United Bank of India Two Wheeler Loan Interest Rate, Fees and Charges

Interest Rate Starts at 11.83% p.a.
Processing Fee Up to 3% of the loan amount (maximum)
Prepayment Charges From 3% to 10% of the outstanding principal
Pre-payment charges Within 4 to 6 months – 10% of principal outstanding
Within 7 to 12 months – 6% of principal outstanding
13-24 months – 5% of principal outstanding
Post 24 months – 3% of principal outstanding
Prepayment is not allowed within three months of EMI repayment

United Bank of India Two Wheeler Loan Documents Required

1. Salaried Individual

Category Documents Required
Identity Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Compulsory Documents PAN Card
Bank Statement Bank statement of last 3 months

2. Self-Employed Individual

Category Documents Required
Identity Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Required Documents PAN Card
Bank Statement Bank statement of last 3 months

United Bank of India Two Wheeler Loan EMI Calculator

The applicant has the option to know the EMI’s before availing United Bank of India Two Wheeler Loan. Thus, you can easily check through the link below:

Two Wheeler Loan EMI Calculator

United Bank of India Two Wheeler Loan Types

United Bank of India offers multiple types of loans to its customers and you have the option of choosing one of them as per your requirements. You have the following two options:

  1. Two Wheeler Loan – If you wish to buy a two-wheeler and wish to finance it then United Bank of India has the best offer for you. You can avail this loan at an attractive interest rate of 12%.
  2. Super Bike Two Wheeler Loan – If you’re planning to buy a Superbike and are looking for funds, then this is the best deal available for you at an attractive interest rate of 11.83%.

United Bank of India Two Wheeler Loan Pre Calculated EMI

Rate 4 yrs 3 yrs 2 yrs 1 yr
11.83% 2625 3313 4699 8876
12.00% 2633 3321 4707 8884
12.50% 2658 3345 4730 8908
13.00% 2682 3369 4754 8931
13.50% 2707 3393 4777 8955
14.00% 2732 3417 4801 8978
14.50% 2757 3442 4824 9002
15.00% 2783 3466 4848 9025
15.50% 2808 3491 4872 9049
16.00% 2834 3515 4896 9073
16.50% 2859 3540 4920 9096
17.00% 2885 3565 4944 9120

How to Apply for United Bank of India Two Wheeler Loan

You can apply for United Bank of India Two Wheeler Loan online by visiting Dialabank’s digital platform and then : 

  1. Fill the basic Application Form for Two Wheeler Loan
  2. Please wait for a call from our Relationship Manager
  3. Get personalised assistance and choose the most suitable offer based on your needs. 
  4. Enjoy your Two Wheeler. 

United Bank of India Two Wheeler Loan for Top Selling Bikes

Other Available Products from United Bank of India 

UBI Personal Loan UBI Gold Loan UBI Home Loan
UBI Credit Card UBI Car Loan UBI Education Loan

FAQs for United Bank of India Two Wheeler Loan

✅ What is United Bank of India Two Wheeler Loan?

Union Bank of India Two Wheeler Loan is intended to provide financial help to the customers facing sudden expense issues to finance their Two Wheeler. Union Bank of India Bank provides high standard service, innovative benefits, and affordable installments (EMIs) facilities to the customer.  

✅ How can I get a Two Wheeler Loan from United Bank of India Bank? 

  • The age of the applicant should be between 21 and 65 years.
  • Applicants must have a stable income(Differs for salaried and self-employed customers).

You can also visit Dialabank to get assistance to apply for the Union Bank of India Two Wheeler Loan.

✅ How does Union Bank of India Two Wheeler Loan work?

Visit the Bank website or branch office and do the following

  • Submit the signed loan application form
  • Attach Photographs
  • Income Tax PAN Copy
  • Identity Proof – Driving License/ PAN/ Passport/ Voter ID
  • Address Proof – Registered Rent Agreement/ Passport/ Leave and License/ Utility Bill
  • Income Documents – Form 16, last 3 months payslip, bank statement of 3 months showing salary credit and any EMI debit

✅ What is the Two Wheeler Loan interest rate in Union Bank of India?

Union Bank of India offers interest for Two Wheeler Loan starting at 12.35% per annum and can go up to 13.15%. The rates are expected to fluctuate depending upon the loan factors.

✅ How to check Two Wheeler Loan status in Union Bank of India?

To check the loan status you can do any of the following:

  • Visit the Bank’s Branch Office.
  • Check online on the Bank’s website.
  • Contact customer care.

✅ How to calculate the Two Wheeler Loan interest in Union Bank of India?

To calculate the interest rate for Union Bank of India Two Wheeler Loan visit Dialabank.

✅ What is the maximum loan amount I can avail on Two Wheeler Loan from Union Bank of India?

Union Bank of India offers to pay approximately pay 75% of the on-road price of the Two Wheeler. The maximum amount allowed for a two-wheeler loan Rs 1 Lakh.

✅ What is the Loan tenure of Union Bank of India Two Wheeler Loan?

Minimum – 12 Months.

Maximum – 36 Months.

✅ Can I get 100% Two Wheeler Loan from Union Bank of India?

No, Union Bank of India can only fund 75% of the on-road price of the vehicle.

✅ How much processing fee is applicable to Union Bank of India Two Wheeler Loan?

Union Bank of India charges a Processing Fee of 0.50% of the total loan amount or a minimum of Rs.500.

✅ What are the EMI options available on IDFC Bank Two Wheeler Loan?

IDFC Bank allows the customers to pay the EMIs through two modes.

  1. Online Payment
  2. Post-dated cheques (PDCs)

Online payment is one of the safest and easiest modes of payment as the customer needs not to submit PDCs in a timely manner.

✅ What are the charges for Prepayment in IDFC Bank Two Wheeler Loan?

IDFC Bank does not charge any fee for the prepayment of the loan.

✅ Can I get a top-up loan on my existing IDFC Bank Two Wheeler Loan?

Yes, you can get a new loan on your existing Two wheeler loan. The EMIs will be calculated according to the total amount of both the loans. You can also choose to keep the EMIs separate.

✅ Do I need to provide a guarantor to avail of a Two Wheeler Loan from IDFC Bank?

A third person guarantor is not compulsory for the Two Wheeler Loan. However, if some conditions are not met a guarantor may be required.

✅ How to get IDFC Two Wheeler Loan Statement?

  • Visit the IDFC Bank website and log in from your account
  • Check the loan status and download the statement
  • The statement can also be downloaded through a mobile application

✅ How to Pay IDFC Bank Two Wheeler Loan Interest Online?

Customers can pay the interest amount on the IDFC website. To do so

  • Visit the IDFC Bank site, log in, enter the amount, and select your bank.
  • Login to Your Bank’s Website Net Banking.
  • Confirm Payment.
  • Receive Confirmation.

✅ What if I can’t pay the interest on IDFC Two Wheeler Loan for 3 months?

IDFC Bank provides the customers with the option to go for a moratorium in case they fail to pay interest for 3 months.

✅ How can I apply for EMI Moratorium on IDFC Two Wheeler Loan?

Customers can apply for the EMI moratorium by contacting the bank.

  • SMS or e-mail.
  • IDFC Bank’s website.
  • Visiting the nearest bank branch.

✅ What is the number for the IDFC Two Wheeler Loan agent?

We at Dialabank are keen to provide you assistance for IDFC Two Wheeler Loan, you can reach out to us at 9878981166.

✅ Can I close IDFC Two Wheeler Loan online?

There are multiple ways through which you can close the IDFC Bank Two Wheeler Loan:

  1. Go to the bank website and apply for loan closure.
  2. Apply for loan closure through the mobile application.
  3. Visit the nearby bank branch.

✅ What is IDFC Two Wheeler Loan Customer Care Number?

IDFC Bank Customer Care representatives can be contacted at 1800 425 2407.

✅ How can I get NOC from IDFC Bank for Two Wheeler Loan?

Once your loan is closed, the bank will issue a NOC within 3 working days and send it on your registered Email Id. A physical copy of the NOC can also be issued as per the customer’s demand.

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