UCO Two-Wheeler Loan
UCO Bank offers two-wheeler loans at interest rates starting from 14.10% p.a. onwards and a repayment tenure of 4 years.
Table of Contents
UCO Bank offers two-wheeler loans at attractive interest rates and a repayment tenure of 4 years. UCO Bank does not levy any prepayment charges on its bike loans as well.
UCO Bank Two-Wheeler Loan Interest Rates
Category | Details |
Interest Rate | 14.00% p.a. onwards |
Maximum Loan Amount | Rs.60,000 (For feature-packed two-wheelers, the amount may be increased to Rs.1 lakh) |
Minimum Loan Amount | Contact the bank |
Income |
|
Repayment Period | 4 years |
Processing Fee | 1% of the loan amount (Minimum of Rs.500) |
Prepayment Charges | Nil |
UCO-Electric Loan Interest Rates
CIBIL Score | Category A | Category B | Apart Category A and Category B |
800 and Above | 8.60% p.a. | 8.60% p.a. | 8.60% p.a. |
Between 750 and 799 | 8.70% p.a. | 8.70% p.a. | 8.70% p.a. |
Between 700 and 749 | 8.95% p.a. | 9.05% p.a. | 9.15% p.a. |
0, -1 or 300 and Below | 9.15% p.a. | 9.25% p.a. | 9.35% p.a. |
Between 650 and 699 | 9.95% p.a. | 9.95% p.a. | 9.95% p.a. |
Features and Benefits
The main features and benefits that are offered by UCO Bank on its two-wheeler loans are mentioned below:
- Salaried and non-salaried borrowers can avail the loan.
- The repayment tenure is 48 months.
- The interest rate is reduced if collateral is provided.
- A higher loan amount is provided for feature-rich two-wheelers.
- The processing fee is 1% of the loan amount (minimum of Rs.500).
- The margin is 10% of the on-road cost of the vehicle.
- No pre-payment charges are levied.
UCO Bank Two-Wheeler Loan EMI Calculator
In case you wish to buy a bike on loan and want to know the Equated Monthly Instalments (EMIs), you can use BankBazaar's two-wheeler loan EMI calculator. Using the calculator is easy and helps in saving time when compared to manual calculations.
Accurate results are provided for the details that are entered. Once details such as the loan amount, interest rate, loan tenure, and processing fee are entered, the results are displayed almost immediately.
UCO Bank Two-Wheeler Loan Eligibility
The eligibility criteria that must be met by salaried and non-salaried borrowers will be different and are mentioned in the table below:
Category | Salaried Borrowers | Non-Salaried Borrowers |
Age | 21 years to 60 years | 21 years to 60 years |
Income | Rs.8,000 per month |
Find out two-wheeler loan eligibility criteria here.
How to Apply for a UCO Bank Two-Wheeler Loan?
The step-by-step procedure to apply for the two-wheeler loan offered by UCO Bank is mentioned below:
- Visit https://ucobank.com/vehicle-loan1.
- Select the 'Apply Here' button.
- A page will appear for you to fill up all the details.
- Agree to the terms and conditions and click on 'Generate OTP'.
- Enter the OTP and submit the details.
- A UCO Bank executive will contact you to process the request.
Documents Required
The list of documents that must be submitted by salaried and non-salaried borrowers are mentioned below:
Salaried Borrowers
- Application form
- Two passport-sized photographs
- Identity proof such as Driving License, Passport, PAN Card, Voter's ID, Ration Card, Office Identity Card, School Leaving Certificate, or Birth Certificate.
- Bank statement for the last 6 months.
- Income proof such as salary slips (last three months), Form 16, or Income Tax Returns.
- A quotation that has been given by an authorised dealer.
Non-Salaried Borrowers
- Application form
- Two passport-sized photographs
- Identity proof such as Driving License, Passport, PAN Card, Voter's ID, Ration Card, Office Identity Card, School Leaving Certificate, or Birth Certificate.
- Bank statement for the last 6 months.
- A quotation that has been provided by an authorised dealer.
- Proof of business such as financial statements, statement of accounts, and trade license.
Any additional documents that are requested by the bank must be provided as well.
FAQs on UCO Two-Wheeler Loan
- Can I download the application form online?
Yes, you can download the application form from https://www.ucobank.com/pdf/twowheeler-loan.pdf.
- Is it mandatory to provide collateral or security when I avail a two-wheeler loan?
No, it is not mandatory to provide security when you apply for a two-wheeler loan from UCO Bank. The bike acts as security.
- What is the maximum loan amount that can be availed for vehicles that are not feature-rich?
The maximum loan amount that can be availed for vehicles that are not feature-rich is Rs.60,000.
- How much rebate will be provided on the interest rate in case 50% liquid collateral security is provided?
0.50% of the interest rate will be reduced in case 50% liquid collateral security is provided.
- How much rebate on the interest rate will be provided in case full liquid collateral security is provided?
1.00% of the interest rate will be reduced in case full liquid collateral security is provided.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.