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PURPOSE Now you can fulfill your dreams of owing a vehicle by availing Union Miles. You can avail this special scheme to purchase of new or old (up to 3 years) four-wheeler, and you can also avail this loan to purchase a new two-wheeler.
ELIGIBILITY A person has to meet the following criteria to avail the loan:
QUANTUM OF LOAN
Maximum quantum of loan
New 4-wheeler
Rs. 125 Lakh
Old 4-wheelers (not older than 3 years)
Rs. 20 Lakh
New 2-wheeler
Rs. 10 Lakh
MARGIN, I.E. YOUR SHARE
REPAYMENT
Maximum repayment tenure
7 years
5 years
RATE OF INTEREST AND PROCESSING CHARGES
PREPAYMENT PENALTY
SECURITY
GUARANTEE
For further details, please visit our nearest branch.