The new UNB auto loan offers customers a benefit on their car loan where customers can pay only 60% of their loan amount as monthly installments and the balance 40% to be paid as the last installment or reschedule it.

The UNB auto loan comes with a bundle of other benefits including zero down payment, competitive interest rates and high loan amounts in addition to paying the first installment after three months.

Praveen Bandekar VP and departmental manager at UNB, said: “UNB Auto Loan has been introduced to provide our customers with the ease of paying their EMIs with complete peace of mind. This attractive value addition to our Auto Loan product is in line with our philosophy of being ‘the bank that cares’. The 60/40 auto loan enables customers to enjoy their dream car without worrying about paying high monthly installments.

“This latest initiative underlines our commitment to offer innovative products and services in a bid to help our client base accomplish their financial goals.”

UNB has recently launched a number of initiatives as part of this holistic approach aimed at enhancing customer service offerings as well as providing flexible business operations and energizing civic responsibility programs.