Union Bank of India- Product

Search

Home You are here : path  Products path Personal path Purchase of 2 3 4 Wheelers

image    PURCHASE OF 2, 3, 4 WHEELERS

Features

SCHEME FOR FINANCING PURCHASE OF TWO, THREE & FOUR WHEELERS
We provide loans to agriculturists in order to purchase two/three/four wheelers/trucks/jeeps/pick-up vans etc.
Eligibility:-
  • The applicant should be an agriculturist having sizeable land.
  • Agriculturists having scattered land holding/land in two or more villages in more than one piece/farm situated far away from residence.
  • Agriculturists following intensive and multiple cropping systems.
  • Agriculturists adopting heterogeneous activities, mixed farming practices such as dairy, poultry, fisheries, sericulture, bee keeping, vegetable farm, horticulture, plantation or other such activities with seasonal crops.
  • Agriculturists staying far away from agriculture produce markets/other markets.
  • The applicant should be from service area village/within operational area of branch.
Quantum of loan:-
75% OF THE COST OF THE VEHICLE.
Margin:-
25% of the cost of the vehicle, excluding insurance charges and registration charges, etc.
Rate of Interest And Processing charges:-
Please click here to know our latest interest rates
Repayment Period:-
3-5 years on half yearly/quarterly/monthly installments coinciding with the surplus available with the farmer due to harvesting/marketing of agriculture produce or otherwise.

Forms & Documents

FAQs


union

union

  • Rewarded

    Rewarded

    Earn reward points on transactions made at POS and e-commerce outlets

  • Book your locker

    Book your locker

    Deposit lockers are available to keep your valuables in a stringent and safe environment

  • Financial Advice?

    Financial Advice?

    Connect to our financial advisors to seek assistance and meet set financial goals.

  • ATM & Branch Network

    ATM & Branch Network

    Find PNB Branches and ATMs in proximity to your location.