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Home › Car Loan › Union Bank of India

Union Bank of India Car Loan Interest Rate November 2026

Updated 2 November 2026Rates from official bank websitesHow we check rates

Union Bank of India advertises car loan rates starting from 7.85% per annum. For ₹8 lakh over 5 years that is an EMI of about ₹16,164 a month.

Starting rate7.85%per annum
EMI per month₹16,164₹8 lakh, 5 years
Total interest₹1,69,825over the full term
Max tenuren/aas stated by the bank

Union Bank car loan rates and charges

Starting interest rate7.85% per annum
Applies toSalaried, CIBIL score 800 or more; electric cars from 7.75%
Effective from8 October 2026
Processing feeNot stated on the page we checked
PrepaymentNot stated on the page we checked
Maximum tenureNot stated on the page we checked

Source: Union Bank of India official page, checked 2 November 2026.

These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.

Union Bank car loan EMI calculator

Prepayment options (optional): pay extra to finish sooner

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₹5 lakh for 3 years₹5 lakh for 5 years₹5 lakh for 7 years₹8 lakh for 3 years₹8 lakh for 5 years₹8 lakh for 7 years₹10 lakh for 3 years₹10 lakh for 5 years₹10 lakh for 7 years₹15 lakh for 3 years₹15 lakh for 5 years₹15 lakh for 7 years

Compare Union Bank of India with other banks

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Frequently asked questions

What is the Union Bank of India car loan interest rate?

Union Bank of India's website advertises car loan rates starting from 7.85% per annum (checked 2026-11-02). The rate you get depends on your credit score, income and loan amount.

What is the EMI on a ₹8 lakh car loan from Union Bank of India?

At the starting rate of 7.85% over 5 years the EMI is about ₹16,164 a month, with total interest of about ₹1,69,825. A higher personal rate would raise this.

What is the processing fee for a Union Bank of India car loan?

The Union Bank of India page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.

Does Union Bank of India charge prepayment charges on a car loan?

The page we checked did not state prepayment terms. Please confirm with the bank.

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