Eligibility Calculator for City Union Bank Car Loan
Calculate you car loan EMI
City Union Bank Car Loan Eligibility Calculator
City Union Bank is one of India's most important private banks, especially in the southern and eastern parts of the country. The City Union Bank Car Loan Eligibility Calculator is a tool that helps people figure out if they are eligible for a car loan from the bank.
The eligibility tool considers a customer's age, type of job, income, loan amount, and EMI to determine how much of a loan they can get.
Customers can get an idea of how much they can borrow before they apply for a car loan by using the qualifying calculator.
City Union Bank Car Loan Eligibility Table
We made a table that shows the different requirements for getting a car loan from City Union Bank so that customers can see what they need to do at a glance. Age, money, type of job, and loan amount are some requirements.
Customers can look at this table to see if they meet City Union Bank car loan requirements.
| Eligibility Criteria | Eligibility Details |
|---|---|
| Age | Minimum Age 21 years Maximum Age 60 years |
| Employment Type | Salaried or self-employed |
| Income | Above Rs. 1.50 Lakhs per annum salary/income |
| Loan Amount | Maximum of Rs. 5.00 Lakhs |
| EMI | Up to 60% of the net take-home salary |
Factors Affecting City Union Bank Car Loan Eligibility
Whether or not a person can get a car loan from City Union Bank depends on several things. The customer's age, money, type of job, credit score, and loan amount are the most critical factors.
Customers who meet the bank's requirements for a car loan are more likely to have a good credit score and a steady income.
Documents Required for City Union Bank Car Loan Application
Customers must send in the following papers to City Union Bank to get a car loan:
Proof of name (Aadhaar card, PAN card, voter ID, or passport).
Proof of address, such as an Aadhar card, a voter ID, an electric bill, or a passport.
Proof of money, like pay stubs, tax returns, or bank statements.
Passport-size photographs of the applicant.
Form 16, if there is one required.
FAQ's
Can I use the City Union Bank Car Loan Eligibility Calculator to see if I'm eligible for a used car loan?
No, the tool only works for loans for brand-new cars.
How much can I borrow for a car loan from City Union Bank?
Customers can get a car loan from City Union Bank for up to 90% of the cars on road price.
How much money must you make to get a car loan from City Union Bank?
To get a car loan from City Union Bank, customers must make at least Rs. 3 lakhs annually.
If I want to get a car loan from City Union Bank, do I have to have a good credit score?
Yes, a good credit score is one of the main things determining if a City Union Bank user can get a car loan.
How long can it take to repay a car loan from City Union Bank?
You can take up to 7 years to repay a car loan from City Union Bank.