Union Bank of India Two-Wheeler Loan

How to Apply for a Two-Wheeler Loan from Union Bank of India

Given below is the process you will have to follow to apply for a two-wheeler loan from Union Bank of India online:

1. Click on the link https://www.unionbankofindia.co.in/en/Details/vehicle-loan. 

1. Click on 'Apply Now'. 

1. Click on 'New' button. An application form will open on your screen. 

1. Provide details such as your name, email ID, location, mobile number, scheme type, and captcha. 

1. Agree to the terms and conditions. 

1. Click on 'Apply Loan'. 

1. Upload the necessary documents and submit them along with the application form. They will be verified by the lender and if all the details provided by you are correct, then the loan amount will be disbursed to your bank account. 

How to Apply for a Two-Wheeler Loan from Union Bank of India Offline?

You can visit the nearest Union Bank of India branch along with all the required documents to apply for a two-wheeler loan. A representative from the bank will help you with the application process. Once you submit the application form along with the documents, the bank will verify them and if all the details are correct, the loan amount will be disbursed to your bank account. 

Union Bank of India Two-wheeler Loan Eligibility

The eligibility for availing a bike loan from Union Bank depending on the type is listed below:

1. You should either be a resident of India or a Non-Resident Indian (NRI).
2. Minimum and maximum age of eligibility is 18 years and 75 years respectively.
3. You can apply for a two-wheeler loan from the bank individually. You can also get a co-applicant who can be one of your parents, son, daughter (unmarried), or your spouse and apply for this loan jointly.
4. You can apply for a two-wheeler loan on behalf of a company or firm so that it can used by their directors and employees.

Find: Two Wheeler Loan Eligibility

Documents Required

1. Identity proof such as Passport, PAN Card, employee identity card.
2. Address proof such as utility bill, Aadhaar, etc

Income Proof for Salaried Individuals

1. Income tax returns of last one year.
2. Letter from the employer or Form 16.
3. Salary slips of last 6 months.  

Income Proof for Business Class

1. Income tax returns of last three years.
2. Profit and loss balance sheet.
3. Invoice or proforma.
4. Three photographs.
5. Any other documents as required.

Features and Benefits of Union Bank Two-wheeler Loan

Some of the benefits and features of Union Bank of India two-wheeler loan are:

1. The loan can be availed so that you can buy a two-wheeler for your personal use.
2. You can also avail a two-wheeler loan from the bank to purchase a vehicle on behalf of a company or a firm so that it can be used by its directors and employees.

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