Uco Bank Bike Loan
Uco Bank Two Wheeler Loan:
Easy finance is extended at UCO Bank Two Wheeler Loan rate to all applicants who are suitable under UCO Bank Two Wheeler Loan eligibility conditions.
UCO Bank Two Wheeler Loan Interest Rate:
- Finance is available to applicants, at a UCO Bank Two Wheeler Loan interest rate:
a) General: 13.75% per annum
b) If liquid-collateral up-to full amount of loan is offered: 12.75% per annum
c) If above is offered to cover 50% of loan: 13.25% per annum
- Basis for determination of UCO Bank Two Wheeler Loan rate: base rate, equivalent to 9.50% per annum
UCO Bank Two Wheeler Loan Eligibility Norms:
- Non-salaried persons, inclusive of self-employed and professionals
- Salaried class, inclusive of permanent employees of varied government companies / firms / educational institutions etc
- Above should have a minimum income of Rs.8000 per month to be eligible as per UCO Bank Two Wheeler Loan eligibility criteria.
- Pensioners may also avail of finance at UCO Bank Two Wheeler Loan interest rate
Quantum Of UCO Bank Two Wheeler Loan:
Quantum of loan permissible to be extended at UCO Bank Two Wheeler Loan rate to all applicants who are eligible according to UCO Bank Two Wheeler Loan eligibility conditions is determined on the basis of:
- Income earned by applicant
- Tenure of loan
- Make of the vehicle to be acquired
- Security offered against loan
- Maximum amount allowable at any of UCO Bank Two Wheeler Loan interest rate is through Rs.60, 000
- Margin at 10% is also considered before disbursal of above amount.
Procedure To Be Followed While Applying For UCO Bank Two Wheeler Loan:
Applicants, who are eligible according to UCO Bank Two Wheeler Loan eligibility conditions, may either:
- Offline: Approach any branch of bank convenient
- Online: Log on to official website of bank to know more and fill up online form
- Processing charge is at 1% on loan amount, subject to a minimum of Rs.500
- Above is independent of UCO Bank Two Wheeler Loan rate of interest.
- Security required:
a) 100% of amount
Or
b) 50% of amount; and
c) Guarantee by a third party may also be required by a third party that is acceptable to bank.
d) UCO Bank Two Wheeler Loan interest rate levied is decided as per security offered.
Tenure Of UCO Bank Two Wheeler Loan:
Loan has repayment tenure that spans a maximum of 4 years; and entire amount should necessarily be repaid within stipulated time.
Repayment Of UCO Bank Two Wheeler Loan:
Borrowers of loan at UCO Bank Two Wheeler Loan rate may choose to repay loan through:
- Direct deduction through salary account
- Pot-dated cheques
- EMI amount is determined such that even after deduction of present installment, along with others, you may be able to take a net salary of 40% of gross total.
Prepayment Of UCO Bank Two Wheeler Loan:
No pre-closure charge is levied, if you choose to pre-pay amount before maturity of specified tenure.
Product Page URL Of UCO Bank Two Wheeler Loan: to know more about loan scheme about you may also log on to official website of bank at:http://www.ucobank.com/loan.htm
Branch Office Address (In Table):
City
|
Branch
|
Address
|
Phone number
|
Delhi
|
Defence Colony
|
A-7 Shopping-Cum-Office Complex,
Defence Colony,
New Delhi
|
011 4627202
|
Mumbai
|
Annie Besant Road
|
Worli, Century Bhavan,
Doctor Annie Besant Road,
Worli,
Mumbai
|
022 4224108
|
Kolkata
|
B. B. D. Bagh
|
Biplabi Trailakya Sarani,
B. B. D. Bagh,
Kolkata
|
033 2436335
|
Chennai
|
T C Street
|
168,
3Rd Floor,
T C Street;
Chennai
|
044 5330539
|
