UCO Bank Two Wheeler Loan

Two Wheeler Loan

Two wheeler loan is a kind of loan where we get a financial aid from banks to buy a two wheeler. The two wheeler loan is not that hassle-proof process. Besides that, the customer can get a two wheeler loan. Even a person with a low income or source can also apply for a two wheeler loan.Two wheeler loan is one of the affordable financial product provided by the banks. This loan was provided in the segment of the low-interest rate which makes it possible in the reach of every citizen of a country like India, which is basically a big home for middle-class families and they mostly run on two wheelers for their various purposes like at work, enjoyment etc.

Features of Two Wheeler Loan

Tenure of Loan: Customers are provided with reasonable time for the repayment of their two wheeler loan in a  tenure that ranges from 12 to 48 months and in some cases it extended to 5 years.

Flexible Repayment Tenure: Decide your loan tenure to be just 12 months, or 48 months, with our pocket-friendly EMI repayment options.

Fulfill Need: Get up to 100% finance and repay the money at attractive interest rates.

Online Application: Enjoy doorstep service and skip the queues when you log a request online.

Competitive Rates: Bank offers a 2% lower rate of interest.

 

UCO Bank

UCO Bank of India is one of the largest public sector banks (PSU)of India, a commercial bank and a Government of India Undertaking. It was founded in 1943. Its Board of Directors has members from Govt. of India and Reserve Bank of India. The bank has 2500 service units all over the India. UCO Bank also operates in Hong kong and Singapore. Two wheeler loan is affordable for any individual who wants to buy new vehicle. To have a loan one should meet the eligibility criteria and follow the documentation process diligently.

Eligibility Criteria

Age

Min. age -21 years

Max. age-65 years

Employment Status

Salaried individual / self-employed

Employment Tenure

1 year of salaried individual and 6 months for self-employed

Min Annual Income

Rs.84,000/- ( salaried individual)

Rs.72,000/- (self-employed)

 

Documentation Required

Photo ID proof

 2 to 6 Colored passport size photograph

Identity proof

Passport/Voter ID/Driving license/Adhaar card/Pan card

Residence proof

Electricity bills/passport/voter id/driving license/Telephone bills/Pan card

Bank Statement

Last six months

Residence Proof

Electricity bills/rental agreement/property/driving license/ration card

 

Rate of Interest

The interest rates provided by the banks are very reasonable and it ranges from 12.50 %.

 

How to apply for two wheeler loan?

To apply for the two wheeler loan click on the given link below:

www.magicloans.in

  • After visiting on the given link above fill the application form online.
  • Enter credentials diligently.
  • Your contact number is required so that an executive can call you in no time.
  • All the queries can be handled by customer care executive online as well as on telecommunication.
  • You will get the disbursal on the same day if processing is done smoothly.