UCO Bank Two Wheeler Loan Key Features
| UCO Two Wheeler Loan Interest Rate | 11.83%* per annum |
| Min Loan Amount | ₹ 10,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 90% of On Road Price or 100% of Ex-showroom Price |
| Loan Tenure | 1 year to 4 years |
| Lowest EMI / Lac | ₹ 2,625 |
| Minimum Net Monthly Income | Salaried – ₹ 7,000, Self Employed – ₹ 6,000 |
| Age Criteria | 21 years to 65 years(At Loan Maturity) |
| Types of Vehicle | For All New Two-Wheelers (Bikes, Superbikes, etc.) |
| Processing Fee | Up to 3% of the Loan Amount. |
| Foreclosure Charges | 3% – 10% Based on the time of foreclosure ( Foreclosure not allowed during the first 3 months) |
| Basic Documentation | ID Proof, Address Proof, Bank Statement |
About UCO Bank Two Wheeler Loan
UCO Bank Two Wheeler Loan has time and again proven to be a preferred choice among individuals who wants to fulfil their dream of buying a new bike at any cost with some financial help. UCO Bank is giving its customers the opportunity of a lifetime by offering them Two Wheeler Loans with Reasonable Interest Rates & Affordable EMIs.
Advantages of UCO Bank Two Wheeler Loan
- The complete process is less complicated and gets done in no time.
- Quick sanction of Loan Amount by the bank.
- Allows you to fulfil your desires by choosing the Two Wheeler you love.
- Feasible Two-wheeler loan interests rate.
- The repayment and Prepayment methods of the loan are less complex.
UCO Bank Two Wheeler Loan Eligibility
The customer’s ability to repay the loan amount plays an important role in deciding whether they’ll be eligible or not for the UCO two-wheeler loan. The following are some of the major conditions:
- The applicant must be of a minimum of 21 years of age and a maximum of 65 years of age when applying for the loan.
- Anyone having an average monthly income of Rs 7000 (salaried) and Rs 6000 (self-employed) can apply for the UCO Two Wheeler loan.
- CIBIL Score also affects the two-wheeler loan eligibility of the applicant for the loan. Therefore, if users have a good CIBIL score, their chances of getting approval for the loan are easy.
Factors Affecting Two-wheeler Loan Application
A two-wheeler loan application has many factors required. These factors include various things like income, employment, credit score, Housing, location. These factors play an important role in the two-wheeler loan application. Income criteria play an important role in the two-wheeler loan application. Based on the income only, you can avail of the two-wheeler loan application.
Compare Bike Loan Interest rates of UCO Bank with other banks
The interest rate for the UCO Bank is 10.70%. And in SBI Bank, the interest rate is 7.50%, and in HDFC Bank, the interest rates are 7.95%. Therefore, when compared with the SBI Bank, the interest rates are increasing, and the HDFC Bank’s interest rates are increasing. In this way, the interest rates of UCO Banks depend on other banks.
UCO Bank Two Wheeler Loan Interest Rate, Fees and Charges
| Interest Rate | Starts at 11.83% p.a. |
| Processing Fee | Up to 3% of the loan amount (maximum) |
| Prepayment Charges | From 3% to 10% of the outstanding principal |
| Pre-payment charges | Within 4 to 6 months – 10% of principal outstanding Within 7 to 12 months – 6% of principal outstanding 13-24 months – 5% of principal outstanding Post 24 months – 3% of principal outstanding Prepayment is not allowed within three months of EMI repayment |
UCO Bank Two Wheeler Loan Documents Required
1. Salaried Individual
| Category | Documents Required |
| Identity Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Compulsory Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
2. Self-Employed Individual
| Category | Documents Required |
| Identity Proof (Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Address Proof (Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Required Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
UCO Bank Two Wheeler Loan EMI Calculator
The applicants also have the option to know about their EMI’s before they think of availing of the UCO Two Wheeler Loan. Thus, to check your EMIs, go through the link below:
Two Wheeler Loan EMI Calculator
UCO Bank Two Wheeler Loan Types
UCO Bank is looking to offer multiple types of loans to its customers and provide them with the option to choose one of them as per their requirements. You have the following two options:
- Two Wheeler Loan – If the customer wishes to buy a new two-wheeler and is looking to finance it, UCO will be the best offer. This loan is offered at an attractive interest rate of 12%.
- Super Bike Two Wheeler Loan – Customers who will buy a Superbike and are having an issue with the funds, then this is the best deal available for you at an attractive interest rate of 11.83%.
UCO Bank Two Wheeler Loan Pre Calculated EMI
| Rate | 4 yrs | 3 yrs | 2 yrs | 1 yr |
| 11.83% | 2625 | 3313 | 4699 | 8876 |
| 12.00% | 2633 | 3321 | 4707 | 8884 |
| 12.50% | 2658 | 3345 | 4730 | 8908 |
| 13.00% | 2682 | 3369 | 4754 | 8931 |
| 13.50% | 2707 | 3393 | 4777 | 8955 |
| 14.00% | 2732 | 3417 | 4801 | 8978 |
| 14.50% | 2757 | 3442 | 4824 | 9002 |
| 15.00% | 2783 | 3466 | 4848 | 9025 |
| 15.50% | 2808 | 3491 | 4872 | 9049 |
| 16.00% | 2834 | 3515 | 4896 | 9073 |
| 16.50% | 2859 | 3540 | 4920 | 9096 |
| 17.00% | 2885 | 3565 | 4944 | 9120 |
How to Avail Two Wheeler Loan
You can apply for UCO Bank Two Wheeler Loan online by visiting Dialabank digital platform and then :
- You need to fill a basic Application Form with your personal details for Two Wheeler Loan
- Our Relationship Manager will try to get in touch with you.
- You are assured of getting personalised assistance, and you choose the most suitable offer based on your needs.
- Have fun with your Two Wheeler.
UCO Bank Two Wheeler Loan for Top Selling Bikes
Other Available Products from UCO Bank
| UCO Personal Loan | UCO Gold Loan | UCO Home Loan |
| UCO Credit Card | UCO Car Loan | UCO Education Loan |
FAQs for UCO Bank Two Wheeler Loan
✅ What is UCO Bank Two Wheeler Loan?
UCO Bank Two Wheeler Loan is a type of credit offered to customers facing cash shortages to finance their Two Wheeler. UCO Bank intends to provide high standard service, interest benefits, and affordable instalments (EMIs) facilities to the customers to smooth their loan process.
✅ How can I get a Two Wheeler Loan from UCO Bank?
- To apply for a Two Wheeler Loan, the applicant should be between 21 and 55 years of age (60 for non-salaried applicants).
- Applicants must be having a good source of income(Differs for salaried and self-employed customers).
You can also visit Dialabank to get assistance to apply for the UCO Bank Two Wheeler Loan.
✅ How does UCO Two Wheeler Loan work?
The application process for the loan includes filling the loan form along with all legal documents. You can either apply online or visit a nearby UCO Bank branch for the application. You can also download the 2-wheeler loan application form from the UCO Bank official website and submit it with the following documents :
- Completed loan application
- 3 Passport size photographs
- Proof of identity (photocopies of Voters ID card/ Passport/ Driving license/ IT PAN card)
- Proof of residence (photocopies of recent Telephone Bills/ Electricity Bill)
- Statement of Bank Account/ Pass Book for the last six months
- Form 16/IT returns for the last two financial years for salaried employees
- IT returns for the three years for self-employed professionals
✅ What is the Two Wheeler Loan interest rate in UCO Bank?
UCO Bank charges different interest rates depending upon the category and mode of loan taken.
Interest Rates for three major categories are
- General Category – 11.70%
- Full Liquid Collateral – 10.70%
- 50% Liquid Collateral – 11.20%
✅ How to check the Two Wheeler Loan status in UCO Bank?
To check the loan status, you can do any of the following:
- Visit the Bank’s Branch Office.
- Check online on the Bank’s website.
- Contact customer care.
✅ How to calculate Two Wheeler Loan interest in UCO Bank?
To calculate the interest rate for UCO Bank Two Wheeler Loan, visit Dialabank.
✅ What is the maximum loan amount I can avail myself of on a Two Wheeler Loan from UCO Bank?
UCO Bank can give you a loan of up to 75% of the vehicle’s on-road price and a maximum of Rs.1,00,000 (for superbikes), Rs.60000 (for regular two-wheelers).
✅ What is the Loan tenure of UCO Bank Two Wheeler Loan?
Minimum – 12 Months.
Maximum – 48 Months.
✅ Can I get a 100% Two Wheeler Loan from UCO Bank?
No, UCO Bank can only fund 75% of the on-road price of the vehicle.
✅ How much is the processing fee applicable to UCO Bank Two Wheeler Loan?
UCO Bank charges a processing fee of 1.0% of the total loan amount or a minimum of Rs.500.
✅ What are the EMI options available on UCO Bank Two Wheeler Loan?
UCO Bank offers customers to pay the loan amount in easy monthly instalments with a maximum of 48 EMIs.
Customers can pay the EMIs through two modes.
- Online Payment
- Post-dated cheques (PDCs)
✅ What are the charges for Prepayment in UCO Bank Two Wheeler Loan?
UCO Bank has no prepayment charges for its two-wheeler loan.
✅ Can I get a top-up loan on my existing UCO Bank Two Wheeler Loan?
Yes, you can get a new loan on your existing Two wheeler loan. The EMIs will be calculated according to the total amount of both loans. You can also choose to keep the EMIs separate.
✅ Do I need to provide a guarantor to avail of a Two Wheeler Loan from UCO Bank?
A third person guarantor is not compulsory for the Two Wheeler Loan. However, the hypothecation of a Two-Wheeler, which is supposed to be purchased, is considered a security.
✅ How to get UCO Two Wheeler Loan Statement?
- Visit the UCO Bank website and log in from your account
- Check the loan status and download the statement
- The statement can also be downloaded through a mobile application
✅ How to Pay UCO Bank Two Wheeler Loan Interest Online?
Customers can pay the interest amount on the UCO website. To do so
- Visit the UCO Bank site, log in, enter the amount, and select your bank.
- Login to Your Bank’s Website Net Banking.
- Confirm Payment.
- Receive Confirmation.
✅ What if I can’t pay the interest on UCO Two Wheeler Loan for 3 months?
UCO Bank provides the customers with the option to go for a moratorium if they fail to pay interest for 3 months.
✅ How can I apply for EMI Moratorium on UCO Two Wheeler Loan?
Customers can apply for the EMI moratorium by contacting the bank.
- SMS or e-mail.
- UCO Bank’s website.
- Visiting the nearest bank branch.
✅ What is the number for the UCO Two Wheeler Loan agent?
Dialabank offers to provide you with every detailed assistance for the UCO Two Wheeler Loan, and you can reach out to us at 9878981166.
✅ Can I close UCO Two Wheeler Loan online?
There are multiple ways through which you can close the UCO Bank Two Wheeler Loan:
- First, go to the bank website and apply for loan closure.
- Second, apply for loan closure through the mobile application.
- Third, visit the nearby bank branch.
✅ What is UCO Two Wheeler Loan Customer Care Number?
UCO Bank Customer Care representatives can be contacted at 1800 274 0123.
✅ How can I get NOC from UCO Bank for Two Wheeler Loan?
Once your loan is closed, the bank will issue a NOC within 3 working days and send it on your registered Email Id. A physical copy of the NOC can also be issued as per the customer’s demand.
UCO Bank Two-wheeler Loan News Snippets
UCO Bank two-wheeler loan interest rates decrease
The interest rates for these two-wheeler loans are decreasing these days, and these interest rates are based on various factors, including the UCO Banks interest rates and a lot more.
Two-wheeler loans increase by 15%
The two-wheeler loans are increased to 15%, and these two-wheeler loans are used for various other benefits, including various decrements by 15%.
In this way, the two-wheeler loans decreased by 15%.
UCO Bank interest rates increment by 11%
The UCO Bank interest rates are increased by 11%, and these interest rates are based on various factors like the credit scores, and these credit scores are used in 750. And in these banks, the interest rates are based on 11%.
Two-wheeler loans Increased
The two-wheeler loans are increased in all banks. All banks offer various two-wheeler loans, and these two-wheeler loans are used for various benefits, including credit scores.
