UCO Bank Two Wheeler Loan

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UCO Bank Two Wheeler Loan

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 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 UCO Bank Two Wheeler Loan

  1. The complete process is less complicated and gets done in no time.
  2. Quick sanction of Loan Amount by the bank.
  3. Allows you to fulfil your desires by choosing the Two Wheeler you love.
  4. Feasible two wheeler loan interests rate.
  5. Repayment and Prepayment Method 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 21 years of age and a maximum of 65 years of age at the time of 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. If users have a good CIBIL score, then their chances of getting the approval for the loan easily. 

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 rates for the UCO Bank is 10.70%. and in SBI Bank the interest rates is 7.50% and in HDFC Bank the interest rates are 7.95%. When compared with the SBI Bank the interest rates is increasing and when compared with the HDFC Bank the interest rates is increasing. In this way the interest rates of UCO Banks depends 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 UCO Two Wheeler Loan. Thus, to simply check you 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 providing them with the option of choosing one of them as per their requirements. You have the following two options:

  1. Two Wheeler Loan – If the customer is wishing to buy a new two-wheeler and looking to finance it then UCO will be the best offer for you. This loan is offered at an attractive interest rate of 12%.
  2. Super Bike Two Wheeler Loan – Customers who are going to 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’s digital platform and then : 

  1. You need to fill a basic Application Form with your personal details for Two Wheeler Loan
  2. Our Relationship Manager will try to get in touch with you.
  3. You are assured to get personalised assistance and you choose the most suitable offer based on your needs. 
  4. 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 that is offered to customers facing cash shortage to finance their Two Wheeler. UCO Bank intends to provide high standard service, interest benefits, and affordable installments (EMIs) facilities to the customers to make their loan process smooth.  

✅ 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

  1. General Category – 11.70%
  2. Full Liquid Collateral – 10.70%
  3. 50% Liquid Collateral – 11.20%

✅ How to check 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 on Two Wheeler Loan from UCO Bank?

UCO Bank can give you a loan up to 75% of the on-road price of the vehicle 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 100% Two Wheeler Loan from UCO Bank?

No, UCO Bank can only fund for the 75% of the on-road price of the vehicle.

✅ How much processing fee is 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 installments with a maximum of 48 EMIs.

Customers can pay the EMIs through two modes.

  1. Online Payment
  2. 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 the 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 Two-Wheeler which is supposed to be purchased is considered as 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 in case 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 UCO Two Wheeler Loan agent?

Dialabank offers to provide you every detailed assistance for the UCO Two Wheeler Loan, 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:

  1. Go to the bank website and apply for loan closure.
  2. Apply for loan closure through the mobile application.
  3. 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 and these factors includes 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 and these benefits include various decrement 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 score 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 and these benefits include credit scores.

 

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