Union Bank Two-Wheeler Loan EMI Calculator
Pick one of the 2 Union Bank two-wheeler loan schemes we read from the bank's own website, or type the rate you are offered, to see the EMI, total interest and repayment schedule.
Official Rate Formula & Benchmark:
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), with P the loan amount and r the monthly rate.
Current official starting rate: 11.35% p.a. (Range: 11.35% – 11.45% p.a.). Read from Union Bank's own website; your rate depends on your profile.
A ₹1,00,000 loan at 11.35% over 3 years has an EMI of ₹3,290, and costs ₹18,460 in total interest.
Picking a lender fills in its lowest published figure for that scheme. Your rate depends on your profile, course or vehicle, and can be higher. Compare all bike loan rates
Union Bank of India · Public sector bank
New two-wheeler
11.35%–11.45% (the calculator uses the lower figure)
Effective: 8 Oct 2026 · Last verified 21 Oct 2026 · Lender’s rate page
Monthly EMI
₹3,290
for 3 years
Principal
₹1,00,000
Total interest
₹18,460
Total payment
₹1,18,460
Principal vs interest
- Principal
- 84.4%
- ₹1,00,000
- Total interest
- 15.6%
- ₹18,460
Compare tenures
| Tenure | EMI | Total interest | Total payment |
|---|---|---|---|
| 1 year | ₹8,854 | ₹6,254 | ₹1,06,254 |
| 2 years | ₹4,677 | ₹12,249 | ₹1,12,249 |
| 3 years | ₹3,290 | ₹18,460 | ₹1,18,460 |
| 4 years | ₹2,602 | ₹24,871 | ₹1,24,871 |
| 5 years | ₹2,192 | ₹31,499 | ₹1,31,499 |
Amortisation Schedule
How each instalment splits between interest and principal over time.
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Monthly EMI
₹3,290
Union Bank two-wheeler loan schemes
2 schemes, each read from Union Bank's own website. Pick any of them in the calculator above.
Electric two-wheeler (Union Green Vehicle Loan)
11.15% – 11.25%
Only for electric two-wheelersElectric
- Benchmark
- EBLR 8.25% + 2.90% / 3.00%
- Processing fee
- Not published on the page we checked
- Effective
- 8 Oct 2026
- Source
- Union Bank's page ↗
- Last verified
- 21 Oct 2026
New two-wheeler
11.35% – 11.45%
- Benchmark
- EBLR 8.25% + 3.10% / 3.20%
- Processing fee
- Not published on the page we checked
- Effective
- 8 Oct 2026
- Source
- Union Bank's page ↗
- Last verified
- 21 Oct 2026
The rate you are offered depends on the bank's assessment and can be higher than the starting rate. Compare bike loan rates across lenders →
Union Bank two-wheeler loan rates
Verified on 21 October 2026 from Union Bank's site ↗
- Starting from
- 11.35% p.a.
- Published range
- 11.35% – 11.45%
- Processing fee
- Not published
The rate you are offered depends on your credit score, income and employer and can be higher than the starting rate. RBI rules do not allow foreclosure or part-prepayment charges on floating-rate loans to individuals (other than for business purposes).
How Union Bank compares
Union Bank's two-wheeler loan starting rate of 11.35% is the 7th lowest of 17 banks with a verified rate. The lowest is Indian Bank at 8.9%, and the median is 11.45%.
- Union Bank
- ₹3,290
- Indian Bank
- ₹3,175
- Median bank
- ₹3,295
Monthly EMI on ₹1,00,000 on a 3-year loan, at each bank's starting rate. Your own rate depends on the bank's assessment.
Rate Verification & Official Notice
11.35% p.a.
11.35% – 11.45% p.a.
Not published
Applicable Conditions & Eligibility Factors:
- The starting rate is the lowest the bank publishes; your rate depends on credit score, income and employer
Source: Union Bank two-wheeler loan rates (official)
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Choose a Union Bank scheme: its rate, processing fee, effective date and source fill in.
- 2Enter the loan amount (the on-road price less your down payment) and the tenure.
- 3The EMI is a reducing-balance figure; the schedule shows principal and interest month by month.
Key Factors Influencing Your Rate
- •Electric two-wheelers: Union Bank has a separate EV scheme.
- •Some Union Bank rates come with conditions (only for electric two-wheelers); they are tagged in the table, and the calculator starts on a rate open to all.
- •Your credit score, income and the bike's on-road price decide where in the range you land.
Worked Numerical Example: Union Bank Two-Wheeler Loan EMI Calculator
For a ₹1,00,000 loan at the starting rate of 11.35% a year for 3 years (36 months), the EMI is ₹3,290, with total interest of ₹18,460.
Frequently Asked Questions: Union Bank Two-Wheeler Loan EMI Calculator
- What is Union Bank's two-wheeler loan interest rate?
- Union Bank publishes two-wheeler loan rates starting from 11.35% a year (up to 11.45%), checked on 21 October 2026. The rate you are offered depends on your credit score, income and employer.
- Which Union Bank two-wheeler loan schemes does this calculator cover?
- Electric two-wheeler (Union Green Vehicle Loan); New two-wheeler. Each rate was read from Union Bank's own website; the table lists the source, effective date and date checked.
- Is Union Bank's processing fee included in the EMI?
- No, a Union Bank loan EMI covers principal and interest only. The Union Bank pages we checked do not publish a processing fee for these schemes, so ask the branch before you apply.
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