UCO VL
| KEY FACT STATEMENT | |
|---|---|
| Particulars | Details |
| Purpose | For purchase of new Car for personal use. |
| Eligibility Criteria | Pre Qualified Vehicle Loan(PQVL): Selected UCO bank savings account customers fulfilling certain pre-defined criteria. STP Car Loan A. Salaried Class: • Confirmed employee (in a reputed private/public limited organization. • Confirmed ernployee or with 6 months of service(whichever is earlier) in the Central/State Government in- • Departments/Undertakings/Entities • Public Sector Undertakings • The account should be having salary credited regularly in each of the past 6 months. • Minimum Net annual income >Rs.5 Lakh p.a. in Metro Centre and >Rs.4 Lakh p.a. in other centres as per ITR/Assessment of ITR during last three year. B. Non-Salaried Class: • Established professionals & Self Employed, Businessmen • Farmer and Agriculturists • Minimum Net annual income >Rs.5 Lakh p.a. in MetroCentre and >Rs.4 Lakh p.a. in other centres as per ITR/Assessment of ITR during last three year. |
| Nature of facility | Term Loan |
| Minimum & Maximum Loan Amount | PQVL: Minimum: Rs.100000/- Maximum: Rs.20 lakh (Rs.10 lakh for New to Credit customers i.e. with CIBIL score of -1,0) STP Car Loan: Minimum – Rs 100000/- Maximum – Need based |
| Credit Score Requirement | Credit Score Check will be conducted at the time of application of the loan. • Minimum CIBIL Score of 700 is required. CIBIL score of -1,0). or credit history is not sufficient to score in the range of 300-900 are also eligible • History with live accounts which have slipped to SMA-1/ SMA-2//NPA in the past 24 months to be made ineligible. • History with live accounts slipped into NPA in the last 7 years to be made ineligible. • History with restructured/written off [except COVID/Natural calamities restructuring) are to be excluded/made ineligible. |
| Margin | Min margin 10% |
| Repayment Tenor & Moratorium Period | Minimum - 6 months Maximum - 84 months Moratorium Period - Nil |
| Security | No collateral security is required. |
| Rate of Interest (Floating) |
|
| INDIVIDUALS WITH CIBIL SCORE | UCO FLOAT | SPREAD | STRATEGIC DISCOUNT | EFFECTIVE ROI |
|---|---|---|---|---|
| FOR CIBIL ≥ 825 | 8.05 | 0 | -0.6 | 7.45 |
| ≥800 AND ≤824 | 8.05 | 0.2 | -0.6 | 7.65 |
| 750≤CIBIL≤799 | 8.05 | 0.3 | -0.6 | 7.75 |
| FOR 726≤CIBIL≤749 i) CATEGORY A |
8.05 | 0.55 | -0.6 | 8.00 |
| ii) CATEGORY B | 8.05 | 0.65 | -0.6 | 8.10 |
| iii) OTHER THAN CATEGORY A AND B | 8.05 | 0.75 | -0.6 | 8.20 |
| FOR 700≤CIBIL≤725 i) CATEGORY A |
8.05 | 0.85 | -0.6 | 8.30 |
| ii) CATEGORY B | 8.05 | 0.95 | -0.6 | 8.40 |
| iii) OTHER THAN CATEGORY A AND B | 8.05 | 1.05 | -0.6 | 8.50 |
| FOR CIBIL 0, -1 <300 i) CATEGORY A |
8.05 | 0.10 | 0 | 8.15 |
| ii) CATEGORY B | 8.05 | 0.35 | 0 | 8.40 |
| iii) OTHER THAN CATEGORY A AND B | 8.05 | 0.45 | 0 | 8.50 |
| FOR CIBIL 650≤CIBIL<699 | 8.05 | 1 | 0 | 9.05 |
| FOR CIBIL 600<CIBIL<649 (Maintaining Salary Account with us) | 8.05 | 1.95 | 0 | 10 |
| ROI on Car Loan PQVL is applicable only for CIBIL 700 and above, -1, 0, and below 300. |
ELECTRIC VEHICLE
| INDIVIDUALS WITH CIBIL SCORE | UCO FLOAT | SPREAD | STRATEGIC DISCOUNT | EFFECTIVE ROI |
|---|---|---|---|---|
| FOR CIBIL ≥ 825 | 8.05 | 0 | -0.7 | 7.35 |
| ≥800 AND ≤824 | 8.05 | 0.2 | -0.7 | 7.55 |
| 750≤CIBIL≤799 | 8.05 | 0.3 | -0.7 | 7.65 |
| FOR 726≤CIBIL≤749 | ||||
| i) CATEGORY A | 8.05 | 0.55 | -0.7 | 7.90 |
| ii) CATEGORY B | 8.05 | 0.65 | -0.7 | 8.00 |
| iii) OTHER THAN CATEGORY A AND B | 8.05 | 0.75 | -0.7 | 8.10 |
| FOR 700≤CIBIL≤725 | ||||
| i) CATEGORY A | 8.05 | 0.85 | -0.7 | 8.20 |
| ii) CATEGORY B | 8.05 | 0.95 | -0.7 | 8.30 |
| iii) OTHER THAN CATEGORY A AND B | 8.05 | 1.05 | -0.7 | 8.40 |
| FOR CIBIL 0, -1 <300 | ||||
| i) CATEGORY A | 8.05 | 0 | 0 | 8.05 |
| ii) CATEGORY B | 8.05 | 0.25 | 0 | 8.30 |
| iii) OTHER THAN CATEGORY A AND B | 8.05 | 0.35 | 0 | 8.40 |
| FOR CIBIL 650≤CIBIL<699 | 8.05 | 0.90 | 0 | 8.95 |
Note: ROI on Car Loan PQVL is applicable only for CIBIL 700 and above, -1, 0 and below 300.
*Category B:Permanent employee of Central Govt./State Govt./PSU/Autonomus Bodies (Controlled by Govt.)/ Govt. Institutes/Govt. Aided Institutes/Employee of Nifty 500 company/Employee of Fortune 500 not company maintaining Salary Account with our Bank
Click Here to view current rate of interest Documentation Manual/NeSL
For PQVL, currently only manual documentation is available Cibil Charges Actual i.e. Rs.150/- + GST Documentation and Processing PQVL: Nil
STP Car Loan:
Documentation: ₹250 per lakh, capped at ₹25,000
Processing Fee: 0.50% of the sanctioned amount, capped at ₹5,000; GST additional Point of Contact For any query please contact Base Branch
• Customer Care: 1800-8910
• For Technical issues
• Landline: 03344559409
• Email:- digital.lending@ucobank.co.in Quick Links RBI Sachet Portal
https://sachet.rbi.org.in Nodal Grievance Redressal Officer for FinTech/ Digital lending Chief Manager, OSD & Transaction Monitoring Vertical, 1st Floor, 2 India Exchange Place, Kolkata 700001, Ph.:033 44557120. Website link of Nodal grievance redressal officer https://ucobank.com/nodal-grievance-redressal-officer-for-fintech/-digital-lending Link for online complaint lodgement https://spgrs.ucoonline.in
Terms and Condition
- 1. Existing Savings/Suvidha Salary accounts customers maintaining Savings Account/Salary account with our Bank from 12 months/NTB customers are eligible.
- 2. Age of the customer must range from 21 Years to 60 Years for PQVL and from 21-70 for STP Car loan.
- 3.ITR should be filed from last 2 years for PQVL and 3 years for STP Car loan
- 4.Status of the account must be Active.
- 5.No account of the customer should be SMA-1 /SMA-2 at the time of data updation.
- 6.No history of NPA account in post 12 months.
- 7.No history of restructured loan accounts except tor restructuring due to COVID-19 pandemic.
- 8.No history of written oft accounts.
- 9.Minimum CiBIL Score of 700 is required. CIBIL score of -1,0). or credit history is not sufficient to score in the range of 300-900 are also eligible.
- 10.Repayment will be done through Auto recovery from SB account.
- 11. Loan proceeds should not be used for any speculative purposes
- 12. In case of delay in payment of EMI by one month or more penal interest @2% p.a.will be charged on the amount of default of the period. i.e. w.e.f due date.
*Please Note:- Read all the terms and condition carefully before applying, In case of wrong submission of required data, application will be rejected.
Last Updated On : 16/07/2026