Vehicle Loans

Bring home your dream vehicle with our range of financing options. With our Two-Wheeler Loan (Chakra Loan), Electric Three-Wheeler Loan, and financing options for mid-premium segment, we support every step of your journey forward. Enjoy flexible EMI options, transparent terms, and a seamless experience from loan application to disbursal. Because when you’re ready to move ahead, your loan should match your ambition with confidence and ease.

 

Types of Vehicle Loans

    • Loans up to ₹5 lakh
    • Affordable interest rates
    • Faster approvals
    • Get up to ₹ 2.75 lakhs to buy the two-wheeler of your choice
    • Up to 95% funding of the on-road price
    • Flexible tenure options, ranging from 12 to 48 months

Vehicle Loan EMI Calculator

Calculate your Vehicle Loan EMI in few seconds. Our Vehicle Loan EMI Calculator features a user-friendly interface designed to give you quick results.

Months
per annum

Break-up of Total Payment

 

Monthly Loan EMI

 

Principal

 

Total Interest

 

Total Payment 
(Principal + Interest)

 

Disclaimer: The data generated herein is completely and solely based on the information/details provided by you and such information and the resultant data is provided only for user's convenience and information purposes. Ujjivan SFB does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy.

The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining of advice of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. Ujjivan SFB does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against the bank. Neither Ujjivan SFB nor any of its agents or licensors or group companies shall be liable to user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein.

Why Choose Ujjivan SFB for Vehicle Loans?

  • Affordable Interest Rates

    Designed to keep your EMIs comfortable
  • Flexible Repayment Tenures

    Select a tenure that gives you control & comfort
  • Simple & Easy Loan Application Process

    Experience a seamless loan journey
  • Faster Approvals

    Quick approvals so you can hit the road without the wait
  • Multiple Products

    We offer financing for Two-Wheeler, Mid-Premium Segment & Electric Three- Wheeler

Vehicle Loans Interest Rates

Loan TypeInterest Rate Range
Two-Wheeler LoanStarts from 17.50% p.a.*
Two-Wheeler Loan (Mid-Premium Segment)Starts from 15.99% p.a.*
Electric Three-Wheeler LoanStarts from 20% p.a.*

 

*T&C apply

To know more about Vehicle Loan interest rates, please click here

Ujjivan SFB Vehicle Loans Fees & Charges

Charge TypeApplicable Details
Processing Fee2% to 4% of the loan amount+ GST, depending on the product
Documentation ChargesUp to ₹1,000 + GST, depending on product
CERSAI Charges₹50 + GST or at actuals, as applicable

 

For more details on Vehicle Loan fees & charges, please click here

How to Apply for Ujjivan Vehicle Loans

1. Click on “Apply Now

2. Fill out the form with necessary details

3. Acknowledge by clicking on the check box

4. Click ‘Submit’

Once you submit your information, our representatives will reach out to you to provide further assistance. 

Eligibility for Ujjivan Vehicle Loans

  • Age: Minimum age of 18 years
  • Residential Status: Resident Indian

For more information, please call 1800 208 2121 or write to us at customercare[at]ujjivan[dot]com

Documents Required for Ujjivan Vehicle Loans

  • KYC Documents
  • Income proof

For more information, please call 1800 208 2121 or write to us at customercare[at]ujjivan[dot]com

Important Things to Know Before Applying for a Vehicle Loan

Choose the Right Loan Product

Understand which option suits your requirement best, whether it is a Two-Wheeler Loan (Chakra Loan), an Electric Three-Wheeler Loan, or financing for the mid-premium segment.

  • Assess the Loan Amount
    Calculate how much funding you actually need based on the vehicle cost and your repayment capacity to avoid unnecessary financial strain.
     
  • Estimate your EMI in Advance
    Use our EMI calculator to understand your monthly commitment and plan your finances comfortably before applying.
     
  • Check your Repayment Tenure Options
    Select a tenure that balances manageable EMIs with overall affordability over the loan period.
     
  • Keep your KYC Documents Ready
    Having essential identity and address documents in place helps speed up verification and approval.
     
  • Review Eligibility and Terms
    Go through the basic eligibility criteria and loan terms to ensure there are no surprises during processing.
     

#Ujjivanblogs

Latest Blogs

Catch up on the latest blog updates from your trusted bank!

Why Ujjivan's Chakra Loan Is Your Best Bet for Two-Wheeler Financing

Aarav, a young delivery executive in bustling Bengaluru, had a dream—owning a two-wheeler. 

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Purchasing a new bike in India is an exciting yet significant decision.

Total Cost of a Two-Wheeler Loan: How to Calculate It?

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FAQs

1. What are the types of vehicle loans offered by Ujjivan SFB?

Ujjivan SFB offers two types of vehicle loans – two-wheeler loan and electric three-wheeler loan.

2. Can I get a vehicle loan with a bad credit score?

It’s always recommended to keep your credit score healthy, typically above 750. A higher credit score may help you secure your vehicle loan faster.

3. What happens if I foreclose my vehicle loan?

You will have to pay a loan foreclosure fee if you choose to pre-close your vehicle loan. Kindly check our fees and charges for more details.

4. Who can avail a vehicle loan?

Any Indian resident can apply for our vehicle loans. Kindly call our toll-free number at 1800 208 2121 for more details.

5. How is vehicle loan EMI calculated?

The mathematical formula for vehicle loan EMI calculation is EMI = P * r * (1 + r)^n / ((1 + r)^n - 1), where P is the principal loan amount, r is the monthly interest rate (annual rate divided by 12), and n is the loan tenure in months. However, manual calculations can be taxing and may leave room for errors. As a better alternative, use or vehicle loan EMI calculator to save time and effort.