Vehicle Loan

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Vehicle Loan

With the ongoing COVID-19 pandemic many citizens have developed novel ways of coping. The pandemic made it necessary to avoid crowded places and public transportation such as metro, taxis, and local trains. Traveling safely now has a new meaning that includes having a owned car or bike to avoid crowds in public places. As the demand for owned vehicles continues to rise, UCO bank is offering vehicle loans with best interest rates to support our customers.
With UCO bank vehicle loan, travel safely during the pandemic with no financial worries. With an attractive vehicle loan interest rate, UCO bank makes it easier to buy a car, bike, or scooter. Use a vehicle loan EMI calculator to plan your finances so you can drive away in your dream vehicle.

UCO Car

Purpose	For purchase of: New car for own use Pre-used Car for own use
Age	Minimum 21 years Maximum 70 years
Quantum of Loan	New Car- No upper cap Pre-used car- a. 80% of price quoted by OEM backed certified car dealers/Reputed Car Dealers but not more than 100 Lakh b. Rs 10 lacs, if purchased from others
Margin	For new car- Minimum 20% For pre-used car- a. 20% of Valuation (price quoted by OEM backed Certified Car Dealers/ Reputed Car Dealers) b. In other cases, 30%
Repayment	New Car- Maximum 84 months Pre-used Car- Maximum 60 months
Rate of Interest	Click Here
*terms & conditions apply

UCO Two Wheeler Scheme

Purpose	This is an easy finance scheme for purchase of a new two-wheeler.
Age	Salaried Borrower- 21 to 55 years Non-Salaried Borrower- 21 to 60 years
Quantum of Loan	Maximum Loan Amount Rs.60,000/-
Margin	Minimum 10%
Repayment	Maximum 48 EMIs
Rate of Interest	Click Here
*terms & conditions apply

UCO Electric Vehicle LOAN

Purpose	For purchase of New Two-Wheeler for own use
Age	21 Years to 60 Years
Quantum of Loan	Minimum Rs.1.50 lakh Maximum-No Upper Cap
Margin	15% for loans up to 10 Lakh and 25% for loans above 10 Lakh
Repayment	Maximum 60 EMIs
Rate of Interest	Click Here
*terms & conditions apply

UCO Elite Two Wheeler - One

Purpose	For purchase of New Two-Wheeler for own use
Age	21 Years to 60 Years
Quantum of Loan	Minimum Rs.1.50 lakh Maximum-No Upper Cap
Margin	15% for loans up to 10 Lakh and 25% for loans above 10 Lakh
Repayment	Maximum 60 EMIs
Rate of Interest	Click Here
*terms & conditions apply