Vehicle Loans

Looking for a smoother way to secure a vehicle loan? At Ujjivan SFB , we offer two-wheeler and electric three-wheeler loans designed for convenience and simplicity. Our flexible financing options, attractive interest rates and easy application process ensure a seamless experience. Begin your journey with us; apply for a vehicle loan today.

 

Types of Vehicle Loans

    • Loans of up to Upto 85% Financing
    • Minimal documentation
    • Attractive interest rates
    • 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 for Vehicle Loans?

  • Competitive interest rates
  • Flexible repayment tenures
  • Simple and easy loan application process
  • Quick approval and disbursal
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Things to Consider Before Applying for a Vehicle Loan

1. Know the Interest Rate

The interest rate directly affects your EMI (Equated Monthly Instalments). The applicable rate may vary across applicants and is at the sole discretion of the bank.

 

2. Calculate Your EMI

Calculate your EMI in advance with our EMI calculator and plan your loan better. Vary the loan amount, tenure and interest rate to compare EMIs. This would help you make an informed decision.

 

3. Consider Fees and Charges

Take additional costs like processing fee, documentation charges, stamp duty , etc. into account before applying. Ujjivan SFB offers complete transparency regarding any loan-associated fees and charges.

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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.