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| Introduction |
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| This is an easy finance scheme for purchase of a new car as well as second hand vehicle not older than 5 years and economic life of a vehicle should be taken as 8 (eight) years from the date of manufacture of the vehicle. |
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| Highlights |
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New Car |
Used Car |
| Loan Type |
UCO CAR LOAN |
Term Loan |
| Ex-Showroom/On Road |
On Road |
On Road |
| Loan Amount |
Max. - 85 %
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maximum loan for used car is 3.5 lacs
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| Tenure |
Min. - 12 months.
Max. - 84 months.
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Min. - 12 months.
Max. - 36 months.
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| Interest Rate |
10.45 % |
14.2 % |
| Time to Process Loan |
7 days |
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| Preferred Manufacturers |
Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota |
Bajaj, Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, Hero Honda, HINDUSTAN MOTORS, Honda, Hyundai, Indus, Kinetic, Mahindra, Maruti Suzuki, Mercedes Benz, Mitsubishi, Nissan, Reva, Royal Enfield, SAN Engineering, Skoda, Suzuki, Tata Motors, Toyota, TVS, Yamaha |
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 Fees & charges
Fees & charges
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New Car |
Used Car |
| Stamp Duty |
As Per Actuals |
As Per Actuals |
| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
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| Comment on Charges |
Processing Charges - 1%, maximum- Rs. 1,500
margin 15% |
Processing Charges - 1%, maximum- Rs. 1,500
Margin: 30% for used vehicle upto 4 years old & 40% for used vehicle of more than 4 years old but upto 5 years old |
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