UCO Bank Car Loan ✔ Interest Rates ✔ Eligibility ✔ Documentation ✔ Loan Limit ✔ Processing Fee ✔ Age Limit ✔ Prepayment Option ✔ Prepayment Charges ✔ Repayment Period / Tenure ✔ Customer Care ✔ Margin. Apply UCO Bank Car Loan instantly through sbiloanrates.com

Purpose : Uco Bank Car Loan scheme for purchase of a new car as well as old vehicle not older than 5 years.

UCO Bank Car Loan – Interest Rates | Loan Limit | Eligibility Criteria | Processing Fee | Tenure | Customer Care

Interest Rates
  • For New Car: 9.00%
  • For Old Car: 10.10% – 10.60%
Processing Fee 1% of the Loan Amount (Maximum Rs.1500/-)
Prepayment Charges NIL
Loan Amount Limit
  • For New Car: 85% of the on Road
  • For Old Car: Up to Rs 15 Lac
Repayment Period
  • For New Car: Up to 7 Years
  • For Old Car: Up to 5 Years
Age Limit Minimum Age 21 Years – Maximum Age 70 Years
Eligible Borrowers Salaried/Non-salaried/Business Concerns/Ex-staff/Pensioners/NRIs
Income Criteria
  • For Salaried: Minimum Monthly Income Should Be Rs.20000/-
  • For Non-salaried: Minimum Rs 5. 00 Lac p.a in Metro Centers and Rs 4.00 Lac p.a in other centers as per ITR
  • For Farmers & Agriculturists: Minimum Gross Income of Rs. 4.00 lacs p.a.
  • For Business Concerns: Business concern must be in profit for last 2 years and cash flow during the currency of loan must be sufficient enough to repay the proposed loan after satisfying all existing liabilities if any.
  • Note: Clubbing of income of spouse, major children is allowed
Margin
  • For New Car: 15%
  • For Old Car: 20% of Valuation in case of reputed certified car dealers / In other cases, 30% of Valuation by approved valuer
  • Note: Car up to 5 years old are eligible.
UCO Car Loan Combo Scheme (Car Loan for UCO Home Loan Borrowers)
Interest Rate
  • For New Car: 8.75%
  • For New Car: 10.10% – 10.60%
Terms & Conditions For UCO Bank Car Loan Combo Scheme
  • Borrowers whose home loan accounts have been closed after regular repayment except take-over by other banks.
  • Home loan borrowers who have been paying EMI regularly.

UCO Bank Car Loan Documentation For New And Old Car

  • Proof of Identity
  • Proof of Residence
  • Financials

How to Apply for UCO Bank Car Loan

Applying for a UCO Bank online Car Loan is simple. It just takes several steps to get an instant Car Loan approval!

Step 1: Click here to go to our online form. Enter-in all required details and submit the form at sbiloanrates.com

Step 2: Get an instant quotes on loan amount & eligibility. Select your required loan amount and Repayment Period.

Step 3: You will get response from our representative and get details about Car Loan.

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UCO Bank Car Loan Interest Rate

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