What margin money I have to pay for the home loan?
You will have to pay margin money of 15% on the On-Road price of the vehicle.
What security or collateral I have to provide for the car loan?
Hypothecation of vehicle purchased out of Bank's finance will be needed as the security. Bank's lien to be noted with the Road Transport authorities.
How the bank will decide the loan amount I am eligible for?
Union Bank of India will decide the sanctioned amount based on your repayment capacity.