Union Bank Car Loan EMI Calculator
Compute the monthly EMI, total interest and repayment with the indicative Union Bank rate range prefilled-then adjust every slider to your scenario. Rates shown are indicative public ranges as of August 2026, not live quotes-verify on Union Bank of India's official website.
Indicative Car Loan EMI rates at Union Bank of India
8.60%-9.90% p.a. · as of August 2026. The calculator below is prefilled at the indicative midpoint (9.25%)-move the rate slider to your actual quote.
Saarthi Capital is not affiliated with or endorsed by Union Bank of India. Rates shown are indicative public ranges, not live quotes-verify on the bank's official website before investing or borrowing.
- Principal
- Interest
EMI
₹16,703.92
Total interest
₹2,02,235
Total payment
₹10,02,235
Figures are mathematical illustrations only and not a promise of performance. Mutual funds, deposits, loans, and insurance are offered by respective institutions-please read scheme documents and terms before investing or borrowing.
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Union Bank Car Loan EMI Calculator - how to use this tool
Union Bank of India is a public-sector bank headquartered in Mumbai. A Mumbai-headquartered public-sector bank formed from major amalgamations, serving a pan-India retail and corporate base.
A Union Bank car loan typically funds most of the on-road price at indicative rates of 8.60%-9.90% p.a. for new cars. The EMI is only half the story-total interest over the tenure is what the car truly costs beyond its sticker price.
Because cars depreciate quickly, match the loan tenure to how long you will keep the vehicle, and fund insurance and accessories in cash where possible. A slightly larger down payment often beats a marginally lower rate.
Prefer a plan over a number? loan structuring at Saarthi Capital turns this scenario into an executed, reviewed strategy.
Frequently asked questions
How does this Union Bank car loan EMI calculator work?
Enter the amount you plan to finance, an interest rate (prefilled near Union Bank's indicative car-loan midpoint), and tenure. The calculator shows the monthly EMI and total interest so the on-road quote stays honest.
What is the current Union Bank car loan interest rate?
Indicatively 8.60%-9.90% p.a. as of August 2026 for new cars, with used-car loans priced higher. Your final rate depends on credit profile, vehicle age and tenure-verify on the bank's official website.
How much of the car price will Union Bank of India finance?
Banks commonly fund 80%-100% of the ex-showroom or on-road price for new cars, depending on the model and your profile. Funding the insurance and accessories in cash keeps the EMI leaner.
What tenure should I pick for a car loan?
Car loans typically run 1-7 years. Shorter tenures mean a higher EMI but far less interest-and a car depreciates fast, so avoid still paying for it long after its value has halved.
Can I prepay or foreclose a Union Bank car loan?
Generally yes, after a lock-in of a few EMIs, sometimes with a foreclosure charge depending on the product and rate type. Check the sanction letter; RBI bars foreclosure charges on floating-rate loans to individuals for non-business use.
Is a used-car loan different from a new-car loan?
Yes-rates are higher, tenures shorter, and the funded percentage lower for used cars because the collateral depreciates and is harder to value. Run both scenarios before choosing.
What documents does a car loan need?
KYC (PAN, Aadhaar), income proof (salary slips or ITRs), bank statements and the vehicle quotation. Salaried applicants with a strong credit score usually see the fastest disbursals.
How do I apply for a car loan at Union Bank of India?
Through the bank's website, app, branch or the dealership's finance desk. Compare the dealer-arranged offer against a direct bank quote before signing-dealer convenience sometimes hides a rate markup.
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