Odisha Gramya Bank Car Loan

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Odisha Gramya Bank Car Loan

Odisha Gramya Bank Car Loan Key Features – Oct 24 2021

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

UCO Bank Car Loan

Odisha Gramya Bank Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be a minimum of ₹ 15000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-65 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

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:

  1. 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.
  2. 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.
  3. 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?

  1. Visit Dialabank and fill a form.
  2. Wait for a call from our Relationship Manager, who will guide you throughout the process.
  3. You can compare different offers from banks and choose the one which suits your needs.
  4. 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?

  1. Visit Dialabank and fill a form.
  2. Wait for a call from our Relationship Manager, who will guide you throughout the process.
  3. You can compare different offers from banks and choose the one which suits your needs.
  4. 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?

Use Dialabank’s EMI calculator to find out the interest as well as the EMI on your loan.

✅ 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.

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