The interest rates for Union bank of India vehicle loan is the sum of RBI repo rate, Spread and premium.
At present (wef 01 November 2020) .RBI repo rate is 4.00%. Union bank of India spread is 2.80%
The current interest rate for vehicle loans in Union bank of India is given below.
Type of Vehicle
CIBIL score
Rate Of Interest (ROI)
800 & above
7.30%
From 750-799
7.60%
From 700-749
7.70%
From 650-699
8.20%
below 650
8.40%
* SPECIAL RETAIL LENDING SCHEME FOR GOVERNMENT EMPLOYEE
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