UCO Bank is offering Pre-Qualified Vehicle loan instantly at your convenience on 24*7 basis in just few clicks. Our Pre-Qualified Vehicle Loans offes a quick in principle sanction when you’re planning to purchase Four wheeler/ Two Wheeler at customer ease, Our pre-qualified Vehicle loan process ensures a seamless experience with real time eligibility and hassle free complete sanction and disbursement at branch level of customer’s in-principle sanctioned application. It does not require any collateral security.
Presently, this loan is being offered to Selected UCO bank savings account customers fulfilling certain pre-defined criteria.
Customer can apply for Pre Qualified Vehicle loan with their mobile no/saving account no by clicking on Start Application
KEY FACT STATEMENT (Illustration)
Particulars
Details
Purpose
For purchase of new Two wheeler/Car for personal use.
Eligibility Criteria - Savings Account Customers
• KYC compliant individual account with valid PAN and Aadhaar. • Account more than 12 months old • Age of the account holder should be 21-60 years. • Non - SMA-1/SMA-2 accounts at time of data updation; • No history of NPA in past 12 months • No history of restructured loan accounts. • No history of written off accounts. • Consistent credit > Rs.35,000/28000 - for any 9 out of the past 12 months. • MAB of Rs.10,000/- in last 12 months.
• KYC complaint account with valid PAN and Aadhaar. • Regular salary credits in each of the past 6 months. • Age of the account holder should be 21-60 years. • Non-SMA-1/SMA-2/NPA in the past 12 months • Minimum net annual income should be > Rs.4 lakh.
Nature of Facility
Term Loan
Loan Amount
Minimum: Rs.1,00,000/- Maximum: Rs.20,00,000/- (Rs.10 lakh for New to Credit)
Credit Score Requirement
Minimum CIBIL Score: 700. CIBIL score of -1, 0 also eligible.
Margin
Minimum margin: 10%
Repayment & Moratorium
6 to 84 months; Moratorium: Nil
Security
No collateral security is required.
Rate of Interest
• CIBIL 775+ : 8.20% • CIBIL 750–774 : 8.30% • CIBIL 700–749 : 8.40% • CIBIL 0, -1 : 8.50% Click here for current rate
Documentation
Currently physical documentation is available at the branch.