Vehicle Loan Annexure
Vehicle Loan Annexure
Vehicle Loan Annexure
IFSC Code
Loan Details
a) Cost of Vehicle b) Cost of Insurance
c) Cost of accessories d) Road Tax
e) Registration f) Others
On Road Price (a+b+c+d+e) Proforma Invoice No. Dated
i) Amount already paid ii) Margin
iii) Others (specify) iv) Source of Margin
Loan amount Repayment Tenure Months
Loan Purpose Purchase of New Vehicle Purchase of Used Vehicle Take over of loans
Repayment Details
The repayment of the vehicle loan will be made through :
Check-off Auto recovery from SB Account with Bank NACH Mandate SI (Standing Instruction) Others
Old 4 Wheeler - Details of Previous Owner
Name Mobile No.
Address
Age of Vehicle Registration No. Chasis No. Engine No.
Existing Loan Details for Takeover
Name of the Bank / FI
Date of sanction of the Loan Sanction Amount Rate of Interest
Balance outstanding Amount Repayment Period months
Whether the account is regular/overdue Reason for take-over
Loan Linked Life Insurance
Do you wish to be covered by Life Insurance for Loan Amount Yes No
If Yes, Whether one time premium will be paid by you or you would like to add the premium to the car loan ?
I will pay the premium Please add the premium to the car loan amount mentioned above
VL- 1
UNION MILES
VEHICLE LOAN ANNEXURE
DECLARATION
I/We certify that the information provided by me/us in this application form is true and correct in all respects and Union Bank of India is entitled
to verify this directly or through any third party agent. I/We further acknowledge the Bank’s right to seek any information from any other source in
this regard. I/We understand that all of the above-mentioned information shall form the basis of any facility that the Bank may decide to grant to
me/us at its sole discretion.
I/We further agree that any facility that may be provided to me/us shall be governed by the rules of the Bank that may be in force from time to time.
I/We will be bound by the terms and conditions of the facillty/ies that may be granted to me/us. I/We authorise the Bank to debit my operative /
vehicle loan account with the Bank for any fees, charges, interest etc. as may be applicable.
I/We undertake and declare that I/we will comply with the Foreign Exchange Management Act, 1999 (‘FEMA’) and the applicable rules, regulations,
notifications, directions or orders made there under and any amendments thereof. I/We undertake to intimate the Bank before proceeding
overseas on permanent employment and/or emigrating and/or changing my/our nationality.
I/We acknowledge that the Bank remains entitled to assign any activities to any third party agency at its sole discretion. I/We further acknowledge
the right of the Bank to provide details of my/our account to third party agencies for the purpose of availing support services of any nature by the
Bank, without any specific consent or authorisation from me/us.
I/We acknowledge that the existence of this account and details thereof (including details of transactions and any defaults committed by me),
will be recorded with credit-information agencies and such information (including processed information) may be shared with banks/financial
institutions and other credit grantors for the purposes of assessing further applications for credit by me/us and/or members of my/our household,
and for occasional debt tracing and fraud prevention. I/We accordingly authorise the Bank to share information relating to my/our vehicle loan
account.
I/We understand that as a precondition, relating to grant of loans/advances/other non-fund-based credit facilities to me/us, Union Bank of India
requires consent for the disclosure by the Bank, of information and data relating to me/us, of the credit facility availed of/to be availed of by me/us,
obligations assumed/to be assumed by me/us, in relation thereto and default, if any, committed by me/us in discharge thereof.
1. Accordingly, I/we hereby agree and give consent for the disclosure by the Bank of all or any such; (a) Information and data relating to me/us (b)
the information or data relating to any credit facility availed of/to be availed of by me/us and (c) default, if any, committed by me/us In discharge
of my/our such obligation, as the Bank may deem appropriate and necessary, to Credit Information Bureau (India) Limited (CIBIL) and any other
agency authorised In this behalf by Reserve bank of India / Government of India.
2. I/We undertake that (a) CIBIL and any other agency so authorised may use, process the said information and data disclosed by the Bank; and
(b) CIBIL and any other agency so authorised may furnish for consideration, the processed information and data or products thereof prepared by
them, to banks/financial institutions and other credit grantors, as may be specified by the Reserve Bank in this behalf.
I/We agree to receive SMS alerts related to my/our application status and account activity as well as product use messages that the Bank will
send, from time to time, on my/our mobile/phone number as mentioned in this application form. I/We undertake to intimate the Bank in the event
of any change in my/our Telephone / mobile phone number and Residential and /or Employment address.
I/We declare that I/We are not a director of Union Bank of India or specified near relation (as defined in the Companies Act 1956) of any of the
directors of Union Bank of India (list of directors is available on www.unionbankofindia.co.in).
I/We further acknowledge that I/We have read, understood and agree with the Most Important Terms and Conditions governing the vehicle loan
product chosen by me/us.
I/We authorize the Bank to share, disclose, exchange, or use in any manner whatsoever, without any further specific consent or authorisation
from me/us, the information/data provided by/related to me/us to the Group Companies/Associates/Subsidiaries/Affiliates/Joint Ventures of Union
Bank of India/any person with whom the Bank has entered/propose to enter into contracts for provision of ‘services/products’ for the purpose of
marketing/offering/selling any product/services and / or availing support services of any nature by the Bank.
I/We confirm that the funds will be used for stated purpose only and not be used for speculative purpose.
I/We understand to inform Union Bank of India regarding changes in my/our occupation/employment/residential address and will provide any
further information as the bank may require.
Signature of Applicant Signature of Co-Applicant (if any) Signature of Guarantor (if any)
VL- 2