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.
Type of Vehicle
CIBIL score
Rate Of Interest (ROI)
800 & above
7.95%
From 750-799
From 700-749
8.50%
From 650-699
9.50%
below 650
9.70%
* SPECIAL RETAIL LENDING SCHEME FOR GOVERNMENT EMPLOYEE
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