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Eligibility
Salaried Persons
The applicant must be a permanent employee having completed 5 years of service and having remaining period of service of more than 5 years The minimum monthly take-home pay must be Rs7,500 + EMI.
Professional & Businessmen
Minimum income should be Rs1.20 lakh per annum as per Income Tax Return/Assessment. Quantum of loan
The amount of loan would be 85 per cent of the cost of vehicle or Rs7.50 lakh whichever is lower in case of purchase of new car. For purchase of old car, the maximum quantum would be the least of Rs2.50 lakh or 70 per cent of cost of vehicle.
Repayment
The loan amount together with interest will have to be repaid within a maximum of 60 months. In case where at source deduction is not possible, repayment should be made by post-dated cheques in 60 instalments. No charge is levied for pre-payment. For more details, please contract your nearest UCO Bank branch. Vijaya Bank.com
Eligibility:
Individuals aged between 21 and 55 years
Purpose:
For purchase of two/four wheeler.
Quantum of loan:
75 per cent of the value of the vehicle.
Rate of Interest:
Up to Rs 2 lakh 12 per cent Above Rs 2 lakh 13.5 per cent
Security:
Hypothecation of vehicles purchased from out of the bank loan. Guarantor: One guarantor acceptable to the Bank
Repayment:
Within 60 equal monthly instalments. | 
