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UCO Bank Car Loan, Interest Rates and EMI Calculator May 2019

(Updated on 07.05.2019) UCO Bank Car Loan and EMI Calculator May 2019 – Loansninsurances.com provides a simple tool to calculate Car Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure ✓ Processing Fee & more.

UCO Bank Car Loan – Quick, Easy & Instant Approval Online

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City
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UCO Bank Car Loan

Being one of the pioneer Commercial Banks of the country, UCO Bank provides the most affordable car loan in India. UCO bank car loan is widely popular for its market competitive car loan interest rates and for its minimum processing fee. UCO bank car loan comes with customized car loan features which help every customer to buy a car of his/her choice and also with their budget. UCO car loan benefits help you to easily purchase a car and manage the loan without any hassle. UCO bank car loan can availed to purchase both new car and old car.

UCO Bank Other Products

  1. UCO Bank Home Loan
  2. UCO Bank Personal Loan

UCO Bank Car Loan Features

  • UCO Bank car loan for each and every customer.

  • 85% finance on-road price of the car.

  • No ceiling on maximum car loan amount.

  • Flexible and longer loan repayment tenure.

  • Market Competitive interest rates available for both new car and old car.

  • UCO bank car loan can be prepaid without any prepayment fee.

  • UCO Rin Jeevan Suraksha insurance facility available for Car loan borrower.

  • Hypothecation of the car is required as a security.

UCO Bank Car Loan Interest Rates

Interest Rates

For Pre-used car (purchased from certified dealer)

For Pre-used car (bought from other source)

9.00% onwards

1yr MCLR + 1.50% =10.10%

1yr MCLR+ 2.00% = 10.60%

Processing Fee

1% of loan amount, maximum ₹1500

Loan Tenure

84 months for new car, 60 months for old car

Loan Amount

No maximum limit for New Car

UCO Bank Car Loan EMI Calculator

UCO Bank Car Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Car loan EMI within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

UCO Bank Car Loan EMI Table

UCO bank car loan lowest monthly EMI is ₹4,827 for a loan amount of ₹3,00,000 at an interest rate of 9.00%p.a. for a loan tenure of 7 years.

Home Loan Amount (Rs)

Interest Rate(%p.a)

Loan Tenure (yrs)

Monthly Instalments(EMI)

Total Interest Amount

Total Amount (Principal + Interest)

3,00,000

9%

1

26,235

14,825

3,14,825

3,00,000

9%

2

13,705

28,930

3,28,930

3,00,000

9%

3

9,540

43,437

3,43,437

3,00,000

9%

4

7,466

58,345

3,58,345

3,00,000

9%

5

6,228

73,600

3,73,600

3,00,000

9%

6

5,408

89,352

3,89,352

3,00,000

9%

7

4,827

1,05,445

4,05,445

UCO Bank Car Loan Eligibility

  • Minimum age should be 21 years and the maximum age should be not more than 70 years at the time of loan maturity.

For Salaried Individual

  • The minimum take-home salary should not be less than ₹20,000 after all deductions such as existing loans liabilities, EMI of the proposed loan, etc.

  • Maximum loan amount can be availed is 36 times of the Gross Monthly Income.

For Non-salaried Individual

  • Minimum income should be ₹ 5 lakhs as per ITR for professionals & self-employed Businessman residing in metro cities.

  • For professionals & self-employed Businessman residing in other than metro cities should have a minimum loan amount of ₹4 lakhs as per ITR.

For Farmers & Agriculturist

  • Applicant should have a Gross Income of Rs. 4.00 lacs p.a. as per last year financial records.

  • The land should be owned in the name of the farmer.

  • UCO bank car loan can be availed 3 times the annual income of the previous financial year.

  • Other family member’s Income can also be availed to enhance car loan eligibility.

  • UCO bank car loan be availed 3 times the gross income of the applicant.

For Corporates & Non Corporates

  • The Business must be in profit for last 2 years

  • Proper cash flow during the currency of loan must be sufficient enough to repay the proposed loan after satisfying all existing liabilities if any.

UCO Bank Car Loan Documents Required

  • Statement of bank account for last 6 months.

  • 2 passport size photographs, completed application form.

  • Address Proof: Passport/ PAN Card/ Voters ID card/ Driving License etc.

  • Proof of Identity: Ration card/Driving License/Voters ID card/Passport /Telephone Bill/ Electricity bill/Life Insurance policy

  • Income Proof: Latest Salary Slip, Form 16; Income Proof: ITR for last 2 years.

  • Other documents may require to submit while availing Canara Bank Car Loan.

UCO Bank Car Loan Margin (Borrower’s Contribution)

  • 15% for new car of any brand

  • 20% for pre-used car if the car is proposed to be bought from certified car dealers. Pre-used car should not be more than 5 years old.

  • 30% for pre-used car if planned to buy from approved valuer or surveyor of any General Insurance company / certified automobile engineer or IDV (Insureds Declared Value). Pre-used car should not be more than 5 years old.

UCO Bank Car Loan Quantum

For New Car:

  • UCO Bank Car Loan can be financed up to 85% of the on Road Price i.e. Ex Show Room Price+ Cost of Registration +One Time Road Tax+ Insurance(one time)

  • There is no maximum loan amount for UCO bank car loan.

For Pre-used Car:

  • UCO bank car loan can be availed up to Rs 15 lac if the car is purchased from reputed certified car dealers for pre used cars.

  • Car loan can be up to Rs 5 lacs if the car is purchased from others.

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