Two Wheeler Loan 

UCO Bank Two Wheeler Loan Interest Rates 2024

17853 Views

UCO Bank Bike Loan Interest Rates – Find details on EMI, Eligibility, Documents, Loan Amount, Processing fees & prepayment charges for two wheeler loans online. Uco bank offers easy finance scheme for purchase of a new two wheeler / bike loans at lowest interest rates & repayment options.

UCO 2- Wheeler Loan Interest Rates

General Category 12.75%
Full Liquid Collateral 11.75%
50% Liquid Collateral 12.25%

 Age Criteria

  • Salaried Borrower : 21 to 55 years
  • Non-Salaried Borrower : 21 to 60 years

Income Criteria required for Bike loan:

  • Salaried borrower
    • Minimum gross salary of Rs.8000/-p.m
    • Minimum take home income of 40% p.m. after taking into account the EMI of the proposed loan.
  • Non-salaried borrower
    • Minimum income of Rs. 1 lac p.a as per Income Tax Return/Assessment order in the preceding year OR minimum income of Rs. 1.50 lacs p.a for purchase of feature rich vehicles.
    • 40% take home pay shall be ascertained.
    • Agricultural Borrower- Self-declaration of income to the satisfaction of Sanctioning Authority.

Repayment for Uco Bank Two Wheeler Loan

  • Maximum 48 Equated Monthly Installments.

Processing Fees: 1.00% of the loan amount with Minimum Rs.500/-

Margin: 10% of the total on road cost of vehicle.

Prepayment charges: No prepayment charges

Related Posts: