Odisha Gramya Bank Car Loan Key Features – Apr 26 2024
| Interest Rate | 7.35% per annum |
| Min Loan Amount | ₹ 100,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 85% of On Road Price or 100% of Ex-showroom Price |
| Loan Tenure | 1 year to 7 years |
| Lowest EMI / Lac | ₹ 1,544 |
| Minimum Net Monthly Income | ₹ 20000 |
| Minimum ITR for Self Employed | ₹ 300,000 |
| Age Criteria | Salaried: 21 years to 60 years Self Employed: 21 years to 65 years |
| Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs). |
| Processing Fee | 0.40% of the principal amount |
| Foreclosure Charges | Nil |
| Basic Documentation | ID Proof, Address Proof, Salary Slip, Bank Statement, and Car Quotation |
About Odisha Gramya Bank Car Loan
Odisha Gramya Bank, formerly United Commercial Bank, established in 1943 in Kolkata, is a central government-owned commercial bank of India. The Bank’s Regional presence includes 3,078 branches and 2564 ATMs. The Near Future will see growth in the number of ATMs and Branches.
Odisha Gramya Bank provides Car Loans at attractive rates of interest to the consumer for buying their dream car, whether new or second hand. It is a readily available loan that can be procured by anyone, even by ones who have a slightly low credit/CIBIL score.
Advantages of Odisha GramyaBank Car Loan
Odisha Gramya Bank Car Loan Eligibility
| Salaried Individual |
|
| Self-Employed Individuals |
|
| Self-Employed Non-Individuals (Company/Partnership) |
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| Priority Customers |
|
Odisha Gramya Bank Car Loan Interest Rate, Fees and Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.35% per annum |
14.80% p.a. to 16.80% p.a. |
| Processing fee | 0.40% of the principal amount | 1% of the loan amount or Rs.6,000, whichever is lower |
| Issuance of Duplicate Repayment Schedule Charges | Rs.500 per instance | Rs.500 per instance |
| Foreclosure Charges | nil | nil |
| Penal Interest | 2% per month | 2% per month |
| Part Payment charges | 5% of the paid amount | 5% of the paid amount |
| Cheque/Instrument Swap Charge | Rs.500 per instance | Rs.500 per instance |
| Documentation Charge | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate No Dues Certificate Charges | Rs.500 per instance | Rs.500 per instance |
| Registration Certification Collection Charge | Rs.200 per instance | Rs.200 per instance |
| Cheque Bounce/Instrument Return Charges | Rs.500 per instance | Rs.500 per instance |
| Issuance of Duplicate Statement Charges | Rs.500 per instance | Rs.500 per instance |
| Loan Cancellation/Re-booking Charges | Rs.2,500 per instance | Rs.2,500 per instance |
| Issuance of Credit Report | Rs.50 per instance | Rs.50 per instance |
Odisha Gramya Bank Car Loan Documents Required
Salaried Individual
| Category | Documents Required |
| Identity Proof | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof | Birth Certificate Passport Driving Licence PAN |
| Signature Proof | Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Work Experience Certificate ITR of Form 16 Salary Slip with Joining Date Appointment Letter Letter of Relieving |
Self-Employed Individuals
| Category | Documents Required |
| Identity Proof | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Address Proof | Driving Licence Aadhaar Card Passport PAN Voter ID |
| Date of Birth Proof | Birth Certificate Passport Driving Licence PAN |
| Signature Proof | Passport Bankers Verification PAN |
| Income Proof | Latest Form 16 and Salary Slips |
| Bank Statement | Bank statement of last 3 months |
| Employment Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Business Proof | Current Account Statement Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
Partnership Firms/Societies
|
Category |
Documents Required |
|
Identity Proof |
Driving Licence Aadhaar Card Passport PAN Voter ID |
|
Address Proof |
Driving Licence Aadhaar Card Passport PAN Voter ID |
|
Income Proof |
Audited Balance Sheet P&L Account and ITR for the previous 2 years |
|
Bank Statement |
Bank statement of last 3 months |
|
Business Continuity Proof |
Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
|
Additional documents |
Authority Letter/PAN cards |
Private Limited/Limited Companies
| Category | Documents Required |
| Identity Proof | Copy of Latest MOA Copy of Incorporation Copy of Latest AOA |
| Address Proof |
Current Account Statement
Telephone Bill Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate Sales Tax or VAT Certificate Registered Lease Document with other utility bills |
| Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
| Bank Statement | Bank statement of last 3 months |
| Business Continuity Proof | Shop & Establishment Act Certificate Current Account Statement SSI or MSME Registration Certificate Sales Tax or VAT Certificate |
| Additional documents |
List of Directors and Shareholding Partners
PAN Card Board Resolution Certificate of Commencement of Business for Ltd. Co. |
Odisha Gramya Bank Car Loan EMI Calculator
The applicant has the option to know the EMI’s before availing of a Car Loan. Thus, you can quickly check through the link: Car Loan EMI Calculator.
Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466
Odisha Gramya Bank Car Loan Types
Odisha Gramya Bank offers different types of car loans to its customers. You have the option of choosing the offer which suits your need the best. It provides the following types of Car Loans:
- New Car Loan – Those who wish to buy a new car, this is the scheme for you. You can take UCO Bank Car Loan for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
- Used Car Loan – If you wish to buy a used car, you can choose this scheme that offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
- Loan Against Car – You can opt for this scheme if you are in need of urgent funds where you can keep your cars as collateral with the bank where you can get Rs. 10 lakh or up to 50% of your car’s value.
How to Apply for UCO Bank Car Loan?
- Visit Dialabank and fill a form.
- Wait for a call from our Relationship Manager, who will guide you throughout the process.
- You can compare different offers from banks and choose the one which suits your needs.
- Thus, quickly apply for a Car Loan through Dialabank and enjoy the best offers.
Other Available Products from UCO Bank
| UCO Bank Personal Loan | UCO Bank Gold Loan | UCO Bank Home Loan |
| UCO Bank Fixed Deposit | UCO Bank Two Wheeler Loan | UCO Bank Education Loan |
FAQs for Odisha Gramya Bank Car Loan
✅ What is the Odisha Gramya Bank Car Loan?
Odisha Gramya Bank car loan is the loan sum provided to its customers by the bank for a new or used car.
✅ How can I get a Car Loan from the Odisha Gramya Bank?
- Visit Dialabank and fill a form.
- Wait for a call from our Relationship Manager, who will guide you throughout the process.
- You can compare different offers from banks and choose the one which suits your needs.
- Thus, quickly apply for a Car Loan through Dialabank and enjoy the best offers.
✅ How does Odisha Gramya Bank Car Loan work?
When you apply for a car loan, you will get a call from our representative, and then there will be a document verification process. Then, the loan amount will be credited to your account.
✅ What is the Car Loan Interest Rate in Odisha Gramya Bank?
The interest rate on a car loan in the Odisha Gramya Bank is
7.35% per annum
only.✅ How to Check Car Loan status in Odisha Gramya Bank?
You can track your car loan status online on the Car loan status website.
✅ How to Calculate Car Loan Interest in UCO Bank?
✅ What is the maximum loan amount I can avail of on a Car Loan from the Odisha Gramya Bank?
The maximum loan amount you can avail of on a car loan is 85% of On Road Price.
✅ What is the loan tenure of Odisha Gramya Bank Car Loan?
The loan tenure of the Odisha Gramya Bank Car Loan is a maximum of 7 years.
✅ Can I get a 100% Car Loan from the Odisha Gramya Bank?
Yes, you can get a 100% Ex-showroom Price car loan from the Odisha Gramya Bank.
✅ How much Processing Fee is applicable to the Odisha Gramya Bank Car Loan?
Odisha Gramya Bank charges a processing fee of 0.40% of the principal amount.
✅ What are the EMI options available on the Odisha Gramya Bank Car Loan?
Odisha Gramya Bank Provides two EMI options Step-up EMI and Balloon EMI.
✅ What are the charges for Prepayment in Odisha Gramya Bank Car Loan?
You can prepay/foreclose your Odisha Gramya Bank Car Loan with No foreclosure charges.
✅ Can I get a top-up loan on my existing Odisha Gramya Bank car loan?
You can get a top-up loan on your current car loan from Odisha Gramya Bank for up to 150% of its value.
✅ Do I need to provide a guarantor to avail myself of a car loan from the Odisha Gramya Bank?
Generally, you don’t need a guarantor for a car loan. However, you may need a guarantor if you don’t fulfil the eligibility criteria.
✅ How to get the Odisha Gramya Bank Car Loan Statement?
Get the statement in person by visiting your branch and requesting a detailed report. You can get the statement online. To do this, you should have Odisha Gramya Bank internet banking activated.
✅ How to Pay Odisha Gramya Bank Car Loan Interest Online?
Simply log on to the online Odisha Gramya Bank payment to ‘see and pay your bills. You also get an electronic acknowledgement for every invoice paid by you using e-PAY. You can also pay through Paytm.
✅ What if I can’t pay the interest on Odisha Gramya Bank Car Loan for 3 months?
Odisha Gramya Bank imposes 24% of the exceptional amount or a Fee ranging from Rs.500 to Rs.5000 for not paying the EMI for 3 months.
✅ How can I apply for EMI Moratorium on Odisha Gramya Bank Car Loan?
You can apply for EMI Moratorium on Odisha Gramya Bank Car Loans directly from the Odisha Gramya Bank website’s Loan corner.
✅ What is the number for the Odisha Gramya Bank Car Loan agent?
Call Dialabank at 9878981166 as it is one of the most trusted Odisha Gramya Bank Car Loan agents. Dialabank even ensures the best offers on your Car Loan.
✅ Can I close the Odisha Gramya Bank car loan online?
Odisha Gramya Bank car loans can be closed by visiting the nearest branch and clearing off the outstanding amount.
✅ What is the Odisha Gramya Bank Car Loan Customer Care Number?
Call 9878981166 and clear any of your queries with us anytime.
✅ How can I get NOC from the Odisha Gramya Bank for a Car loan?
You can get NOC directly from the branch for UCO Bank Car Loans.
✅ What is the Odisha Gramya Bank Car Loan closure procedure?
- Just go to the bank with the documents.
- Write a letter for pre-closure of the Odisha Gramya Bank Car Loan account.
- Pay the pre-closure charges as per Odisha Gramya Bank Car Loan.
✅ What are the Odisha Gramya Bank Car Loan preclosure charges?
Odisha Gramya Bank Car Loan preclosure charges are 2% of the principal outstanding.
✅ What is the Odisha Gramya Bank Car Loan maximum tenure?
The Odisha Gramya Bank Car Loan maximum tenure is 7 years.
✅ What is the Odisha Gramya Bank Car Loan minimum tenure?
The Odisha Gramya Bank Car Loan minimum tenure is 1 year.
