United Bank is a leading financial organisation that offers various economic goods and services to clients throughout India. United Bank provides car loans with reasonable interest rates if you want to purchase a new vehicle. The bank has a car loan eligibility calculator on its website to assist you in figuring out if you qualify for a car loan from United Bank.
You can use the United Bank car loan eligibility calculator to see if you qualify for one of the bank's car loans.
The calculator gives you a quick estimate of your eligibility for a car loan from United Bank by asking you for a few simple facts like your age, income, employment status, and loan amount.
The following table lists the requirements for the United Bank Car Loan of India:
| Eligibility Criteria | Eligibility Details |
|---|---|
| Age | Minimum 21 Maximum 65 |
| Employment Type | Salaried or self-employed |
| Income | The individual must earn at least INR 2.40 lakhs per year. |
| Loan Amount | 85 % of the vehicles on-road price |
| EMI | N/A |
Several factors can impact your eligibility for a car loan from United Bank. Your age, employment status, income, credit score, and loan amount are some of these variables.
These aspects are taken into account by United Bank while determining your qualification for a car loan.
You must submit several documents to United Bank to apply for a car loan. The following are the fundamental papers needed to apply for a car loan with United Bank:
? Properly completed loan application
? Identity evidence (driver's licence, passport, voter ID, Aadhaar card, PAN card)
? Address verification (passport, utility bills, bank statements, Aadhaar card)
? Income documentation (pay stubs, bank statements, tax returns)
? Quotation or invoice for the intended purchase of the car
? Registration and insurance papers for the vehicle
Visit the United Bank website and enter your basic information, including age, income, work status, and loan amount, to use the calculator.
United Bank provides auto loans up to INR 50 lakhs for those who meet the requirements.
A monthly salary of INR 15,000 is necessary to qualify for a car loan from United Bank.
An 84-month loan from United Bank has a maximum repayment duration.
United Bank offers affordable interest rates for auto loans, which change depending on the loan amount, the length of the repayment period, and other variables.