SAN FRANCISCO -- Union Bank has begun offering 100% financing from one to four years on used automobiles and trucks.

The bank is gearing its advertising to consumers shopping for late-model used cars. It is also marketing the new loan to consumers who would like m buy cars they currently lease.

Union Bank is willing to advance 100% of the Kelly Blue Book retail value, plus taxes and licensing fees. The current annual percentage rate is 8.75% for customers who deduct payments automatically from a Union Bank checking or savings account.

For other customers, the APR is 9%.

No document preparation fee is charged, but casualty insurance, warranty, or service contract charges cannot be financed.

The bank is the fourth-largest commercial bank in California with $16.8 billion of assets.

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