UCO Bank Car Loan Interest Rate – Complete Guide & EMI Tips

Key Insights 

1. Do you know? In 2025, UCO Bank’s car loans start at 7.70% per year, and if you are a government employee, you can get extra benefits.

2. If you choose a Digital or STP loan, your processing fee is capped at ₹5,000. Other loan types may have fees up to ₹25,000.

3. You can easily apply using the online calculator, choosing fixed or floating rates, and following simple steps, whether online or offline, for quick approval.

Are you planning to buy a car for your family or personal use? 

You can look at uco bank car loan interest rate 2025 competition. Choosing between a UCO Bank car loan interest rate fixed or floating can affect your budget, especially if you’re considering a UCO Bank car loan interest rate for 5 years.

Your UCO Bank car loan interest rate helps you to buy a new or old car. There are two types of interest rates provided by UCO Bank: floating and fixed. Check the official UCO Bank car loan interest rate calculator to see your costs before you apply.

Example:

I looked at my loan options for 2025. For a ₹7,00,000 loan over 5 years, a floating rate starting at 8.85% per year gave me an estimated EMI of about ₹14,470. 

I used the UCO Bank car loan interest rate calculator to compare this with a fixed rate and see which option would save me more, especially since I might get discounts as a government employee.

Types of Car Loans Offered by UCO Bank

UCO Bank has car loans for every kind of buyer. Explore our options, including uco bank car loan interest rate for govt employees, and pick the car that fits your needs.

Here is the list of the UCO Bank Car Loan Interest Rate:

Take a look at UCO’s loan options, which offer a special uco bank car loan interest rate for govt employees. Find a car you like with payment terms that work for your budget.

UCO Bank Car Loan Processing Fees & Charges

Before taking a car loan, find out the total cost. Review UCO Bank's processing fees and determine whether the uco bank car loan interest rate fixed or floating. This will help you make a smart borrowing decision.
 

Remember to include fees in your calculations, as they can be as high as ₹25,000. If you want to lower your upfront costs, consider a digital loan.

Bonus Tip: Do you know? A minimum CIBIL score of 700 is required for a UCO car loan. New-to-Credit customers, marked as -1 or 0, may also be eligible depending on the scheme. Accounts must not be classified as SMA-1, SMA-2, or have NPA in the past 12 months. Restructured or written-off accounts are not eligible.

How to Apply for a UCO Bank Car Loan?

Are you ready to buy a new car for your family? You can use our simple step-by-step process to apply for a UCO Bank car loan.

Online Process:

1. You can visit the UCO Bank website to estimate your possible loan amount.
2. Gather the required documents, such as your ID, address proof, income proof, and the car’s pro forma invoice or quotation.
3. Reach out by registering your interest online to get a call back from a bank executive, or use the Dial a Loan service by sending an SMS with the keyword UCO CAR to the given number.
4. Download the loan application form from the UCO Bank website, fill it in, and sign it.
5. After submitting your application, you can check its status online using the Track Your Loan Status portal.

Offline Process:

1. Go to a UCO Bank branch and bring your car loan documents with you.
2. Ask for the UCO Bank Car Loan application form and fill it out carefully, making sure all information is correct.
3. Submit your completed form along with all the required KYC, income, employment, and vehicle documents.
4. A bank representative may inspect your vehicle. Then, the bank will review your application and confirm your information.
5. If your application is approved, you will get a loan sanction letter that lists the amount, interest rate, and terms.
6. Once you agree to the terms, the bank will send the loan amount straight to the car dealer or seller.

You can apply for a car loan with UCO Bank either online or at a branch, and the process is quick and straightforward.

Conclusion

If you are looking to buy a car, UCO Bank offers flexible loan options and competitive rates for 2025. Take time to check all the fees and choose the application method that works best for you. This way, you can find a loan that is affordable and clear.

FAQS

What’s the UCO Bank car loan interest rate right now?  

UCO Bank offers car loan interest rates starting from about 7.70% to 8.05% for new cars. Rates for used cars are usually higher, around 9% to 10% or more, and can change based on your CIBIL score and the dealer.

My CIBIL score dropped by 73 points because of a mistake by UCO Bank. Can anyone offer advice? 

If your CIBIL score dropped by 73 points because of a UCO Bank error, act quickly. Start by raising a formal dispute on the CIBIL portal and include proof such as bank statements or payment receipts. Next, contact UCO Bank and use their grievance channels to ask them to correct the data with CIBIL. 

What are the interest rates for various loans in India?  

Interest rates in India depend on the type of loan, the bank, and the borrower's profile. Home loans usually have the lowest rates, starting around 7.20% to 7.50% per year. Gold loans follow, with rates between 7% and 11% per year, while personal loans start from 9% to 11% per year or higher. Major banks such as SBI, HDFC, and ICICI offer competitive rates. 

Would you recommend UCO Bank?  

UCO Bank could be a good choice depending on what you need. It is a government-backed Indian bank with a long history, reliable service, and helpful staff. Their digital tools, such as the "mBanking Plus" app, are decent. However, customer reviews are mixed, with an average rating of about 3.8 out of 5 stars on Justdial.

Should I provide any collateral or security to avail the car loan facility?

No, you don’t need to provide any extra collateral or security for a car loan. The car itself serves as the security.
 

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.