4-Wheeler-Loan-Starting-7.40%-UBI-Services-Limited-New-Cars

New Vehicle Loan Starting
From 7.95% * pa onwards

  • *terms and conditions apply

Interest Rate for Vehicle Loan

The interest rates for Union bank of India vehicle loan is the sum of RBI repo rate, Spread and premium.

At present (wef 11 May 2022) - RBI repo rate is 5.40%. Union bank of India spread is 2.80%

The current interest rate for vehicle loans in Union bank of India is given below.

Interest Rates For Car Loan

Type of Vehicle

CIBIL score

Rate Of Interest (ROI)

New 4 Wheeler

 

800 & above

7.95%

From 750-799

7.95%

From 700-749

8.50%

From 650-699

9.50%

below 650

9.70%

 

* SPECIAL RETAIL LENDING SCHEME FOR GOVERNMENT EMPLOYEE