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
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.
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?
Vehicle Loans Interest Rates
| Loan Type | Interest Rate Range |
|---|---|
| Two-Wheeler Loan | Starts from 17.50% p.a.* |
| Two-Wheeler Loan (Mid-Premium Segment) | Starts from 15.99% p.a.* |
| Electric Three-Wheeler Loan | Starts 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 Type | Applicable Details |
|---|---|
| Processing Fee | 2% to 4% of the loan amount+ GST, depending on the product |
| Documentation Charges | Up 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
For more information, please call 1800 208 2121 or write to us at customercare[at]ujjivan[dot]com
Documents Required for Ujjivan Vehicle Loans
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.
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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.