Official Rates • Updated Oct 2026Union Bank of India Two Wheeler Loan Calculator 2026
Verified Union Bank bike & scooter loan rates of 11.10% - 11.20% p.a. — calculate your EMI with down payment, total interest & repayment schedule.
Interest Rate
11.10% - 11.20%
EBLR 8.00% (RBI repo 5.25% + spread 2.75%) + spread
Processing Fee
Flat Rs.500 plus GST for two wheeler
≈ ₹590 for current loan
Max Funding
Up to 80%
Of vehicle price
Loan Tenure
Up to 36 months
3 years max
Bike Loan Calculator
Calculate Your Two Wheeler EMI Instantly
Plan your bike, scooter, or electric two-wheeler purchase with our compact EMI calculator – quick, simple, and always on top!
₹
One Lakh Twenty Thousand rupees
₹
Twenty Thousand rupees
Union Bank official range: 11.1% - 11.2%Verified from official website
%
11.1%11.2%
years
Monthly EMI
₹3.28 K
for 3 years
Loan Amount
₹1.00 L
Total Interest
₹18.03 K
Total Amount
₹1.18 L
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Union Bank Foreclosure Charge Calculator
See exactly what closing this loan early would cost you — and whether the interest you save makes it worth it.
₹
EMIs paid when you close9 mos
035 months
Estimated Foreclosure Fee (%)3% + GST
Outstanding
₹78,017
Foreclosure fee
₹2,762
3% of outstanding + GST
Total to close
₹80,778
Interest saved
₹10,506
Closing now leaves you ₹7,744 better off
₹10,506 interest avoided − ₹2,762 fee = ₹7,744 net benefit.
| Close after | Outstanding | Fee | Net benefit |
|---|---|---|---|
| 6 mos | ₹85,548 | ₹3,028 | ₹9,782 |
| 12 mos | ₹70,275 | ₹2,488 | ₹5,924 |
| 24 mos | ₹37,076 | ₹1,313 | ₹954 |
Official Union Bank Foreclosure & Prepayment Terms
Published schedule of charges • Verified banking disclosure
Union Bank publishes descriptive terms for preclosure charges. Use the fee percentage slider in the calculator above to model your exact payoff statement.
Verbatim Published Clause
“No prepayment penalty if loan adjusted from own verifiable source”
18% GST Applicable: Prepayment & foreclosure fees attract 18% statutory GST as mandated by Government of India taxation rules.
Payoff Calculation: Estimates assume a monthly reducing balance. Official payoff statement from Union Bank will include exact accrued interest up to the settlement date.
Union Bank Two Wheeler Loan Interest Rate & Charges (2026)
Interest rate, processing fee, tenure and prepayment terms as published by Union Bank
| Particulars | Union Bank Two Wheeler Loan |
|---|---|
| Interest Rate | 11.10% - 11.20% p.a. |
| Rate Benchmark | EBLR 8.00% (RBI repo 5.25% + spread 2.75%) + spread |
| Processing Fee | Flat Rs.500 plus GST for two wheeler |
| Foreclosure / Prepayment | No prepayment penalty if loan adjusted from own verifiable source |
| Maximum Funding (LTV) | Up to 80% of the vehicle price |
| Maximum Loan Amount | ₹10,00,000 |
| Maximum Tenure | 36 months (3 years) |
| Effective Date | Rates w.e.f. 24.07.2026 (PDF updated 18.08.2026) |
Important Notes
- Union Bank retail rate PDF: "New 2-Wheeler 700 & above EBLR + 3.10% = 11.10%; below 700 EBLR + 3.20% = 11.20%"; electric two-wheelers under Union Green Vehicle Loan are 10.90% / 11.00%.
- Minimum margin 20% for salaried borrowers with a Union salary account, 25% for others (75%-80% funding). Up to Rs.10 lakh, up to 36 months.
- Product: https://www.unionbankofindia.bank.in/en/details/union-vehicle
Last verified against the official Union Bank website on Oct 2026.
Union Bank Two Wheeler Loan Scheme-wise Rates
Union Bank publishes separate rates for these two wheeler loan variants.
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Union Vehicle Loan - new 2-wheelerCIC 700 & above EBLR + 3.10% = 11.10%; below 700 EBLR + 3.20% = 11.20% | 11.10% - 11.20% |
| Union Green Vehicle Loan - new electric 2-wheelerEBLR + 2.90% / + 3.00% | 10.90% - 11.00% |
Compare Union Bank with Other Two Wheeler Loan Lenders (2026)
Bike loan interest rates from each lender's official website, sorted by lowest starting rate.
Comparing for₹1,00,000 (36 mo)
Sort by:
| Lender | Interest Rate (p.a.) | Est. Monthly EMI | Calculated Processing Fee | Total Payable (incl. fees & interest) |
|---|---|---|---|---|
| 8.86% - 22.00% | ₹3,173 | Up to ₹5,900 | ₹1,20,128 | |
| 8.90% - 11.70% | ₹3,175 | 1% on the loan amount (processing-fee page); the service-charges circular w.e.f. 01.01.26 lists Rs.1,000 irrespective of loan amount for the Vehicle Loan Scheme | ₹1,14,300 | |
| 9.00% - 13.35% | ₹3,180 | ₹1,000 | ₹1,15,480 | |
| 9.00% - 24.00% | ₹3,180 | Up to ₹5,000 | ₹1,19,480 | |
| 9.50% - 25.92% | ₹3,203 | Up to ₹5,000 | ₹1,20,308 | |
| 10.00% - 30.00% | ₹3,227 | Up to ₹5,000 | ₹1,21,172 | |
| 10.10% - 15.75% | ₹3,231 | Up to ₹1,180 | ₹1,17,496 | |
| 10.25% - 26.10% | ₹3,238 | Up to ₹4,000 | ₹1,20,568 | |
| 10.25% - 11.35% | ₹3,238 | Up to ₹500 | ₹1,17,068 | |
| 10.45% - 12.95% | ₹3,248 | ₹1,475 | ₹1,18,403 | |
| 10.50% - 12.90% | ₹3,250 | Up to ₹5,000 | ₹1,22,000 | |
| 10.50% - 11.50% | ₹3,250 | 0.50% of loan amount + GST (loan up to Rs.10 lakh); stamp duty at actual; log-in charges Rs.2,000 for applicant and Rs.1,300 for each co-applicant/guarantor (non-refundable) | ₹1,17,000 | |
| 10.75% - 13.65% | ₹3,262 | ₹2,360 | ₹1,19,792 | |
| 10.85% - 12.35% | ₹3,267 | Up to ₹590 | ₹1,18,202 | |
| 10.85% - 14.15% | ₹3,267 | Full waiver of processing charges on vehicle loans (product page) | ₹1,17,612 |
Live figures calculated for ₹1,00,000 over 36 months. Rates and fee formulas sourced directly from each lender's official website (last verified 8 Oct 2026) and auto-refreshed. GST at 18% is added where charged by the lender.
Union Bank Bike Loan EMI: Worked Example
Live from the calculator above: a ₹1,20,000 bike with ₹20,000 down payment, financed at 11.1% p.a. for 36 months.
Loan Amount
₹1,00,000
Monthly EMI
₹3,279
Total Interest
₹18,044
Processing Fee
≈ ₹590
Union Bank Two Wheeler Loan EMI per ₹1 Lakh
EMI on a ₹1,00,000 loan at Union Bank's lowest and highest published rate.
| Tenure | EMI @ 11.1% | EMI @ 11.2% |
|---|---|---|
| 12 months | ₹8,843 | ₹8,847 |
| 24 months | ₹4,665 | ₹4,670 |
| 36 months | ₹3,279 | ₹3,283 |
Before You Apply for a Union Bank Two Wheeler Loan
- Compare the all-in cost, not just the rate. Processing fee, documentation charges and insurance bought through the dealer can add more than a 1% rate difference on a small bike loan.
- A bigger down payment cuts interest fastest. Bike loans are short, so every ₹10,000 less borrowed saves interest across the whole tenure.
- Check foreclosure terms. Many borrowers close bike loans early; Union Bank's published terms are listed in the Rates & Charges table above.
- Typical documents: PAN, Aadhaar / address proof, income proof (salary slips or ITR), recent bank statements and the dealer's quotation. The vehicle is hypothecated to Union Bank until the loan is closed, after which you get an NOC to remove it from the RC.
Union Bank of India Two Wheeler Loan FAQs
Common questions about Union Bank bike and scooter loan interest rates, EMI, charges and foreclosure in 2026.
What is the Union Bank two wheeler loan interest rate in 2026?
Union Bank's officially published two wheeler loan interest rate is 11.10% - 11.20% p.a. This is Union Bank's published rate card for two wheeler loans.
What is the EMI for a ₹1 lakh Union Bank bike loan?
At Union Bank's lowest published rate of 11.1% p.a., the EMI on ₹1,00,000 is about ₹3,279 for 36 months or ₹4,665 for 24 months. Use the calculator above for your exact price, down payment and tenure.
What processing fee does Union Bank charge on a two wheeler loan?
Union Bank's published processing fee is: Flat Rs.500 plus GST for two wheeler.
Can I foreclose my Union Bank two wheeler loan early?
Union Bank's published foreclosure / prepayment terms: No prepayment penalty if loan adjusted from own verifiable source.
How much of the bike price does Union Bank finance, and for how long?
Union Bank finances up to 80% of the vehicle price, with a published maximum loan of ₹10,00,000, repayable over up to 36 months.
How is the Union Bank two wheeler loan EMI calculated?
EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1], where P is the loan amount (vehicle price minus down payment), r is the monthly rate (annual rate ÷ 12 ÷ 100) and n is the tenure in months.