UCO Bank Car Loan EMI Calculator

The UCO Bank Car Loan EMI Calculator is an online tool designed to help borrowers easily calculate their monthly EMI (Equated Monthly Installment) for a car loan. By simply entering details such as the loan amount, interest rate, and loan tenure, the calculator instantly provides an accurate estimate of your monthly EMI. This tool helps prospective borrowers plan their finances effectively, making it easier to decide on the right loan amount and repayment terms that fit their budget.

How to Use Wishfin UCO Bank Car Loan EMI Calculator?

To use the Wishfin UCO Bank Car Loan EMI Calculator, simply enter the key details of your loan, such as the loan amount, interest rate, and repayment tenure (in months or years). Once you input this information, the calculator will automatically display your estimated monthly EMI. You can adjust the loan amount or tenure to compare different EMI options and choose the most suitable one based on your budget. This tool helps you plan your car loan better by giving a clear picture of your monthly financial commitment in advance.

Example of UCO Bank Car Loan EMI Calculator

For example, if you're planning to take a car loan of Rs 4,50,000 from UCO Bank at an interest rate of 8.45% per annum for a loan tenure of 5 years.

The Lowest EMI available for a UCO Bank Car Loan

Here is the table below explaining how the EMI Calculator works. The given details have been calculated on the Wishfin UCO Car Loan EMI Calculator on a loan amount of Rs 4,50,000 with a tenure of up to 5 years at an interest rate starting from 8.45% p.a. up to 10.75% p.a.

Formula for Calculating UCO Bank Car Loan EMI

Imagine you are looking to secure a car loan of ₹4,50,000 from UCO Bank with an annual interest rate of 8.45% and a loan term of 5 years (60 months). When you enter these details into the UCO Car Loan EMI Calculator, it will compute your approximate monthly EMI.

Example Calculation:

• Loan Amount: ₹4,50,000
• Interest Rate: 8.45% p.a.
• Tenure: 5 years (60 months)

Using the standard EMI formula:

EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]​

Where:

• P = ₹4,50,000
• R = 8.45% annually → 0.00704 monthly
• N = 60 months

The EMI comes out to be approximately ₹9,230 per month.

So, over the full tenure of 60 months, you would pay around ₹5,53,800 in total (including interest), and the total interest would be about ₹1,03,800.

Eligibility Criteria For UCO Bank Car Loan

Income Criteria

The income of one close relative (spouse, parent, sibling, child) can be clubbed as a co-applicant.

Age Limit

• Minimum: 21 years
• Maximum: Up to 70 years (including loan tenure)

UCO Car Loan – Required Documents

Statement of Means

• Statement of means of the applicant(s)

Photographs

• Two passport-size photos of the applicant (s)

Proof of Identity & Age

• Anyone from below (1–5):
  
  1. Ration Card
  2. Voter ID
  3. PAN Card
  4. Passport
  5. Driving Licence
     
• Anyone from below (6–8):
  6. Office ID Card
  7. Birth Certificate
  8. School Leaving Certificate

Bank Account Statement

• Last 6 months' passbook or bank statement (mandatory for both applicant and guarantor)

Proof of Employment/Income (Salaried)

1. Employment verification certificate
2. Last 3 months’ salary slips
3. Form 16
4. Income Tax Return/Assessment Order

Proof of Business (Self-employed/Non-salaried)

• Trade license / Current or Cash Credit account statement
• Financial statements
• Statement of means (for farmers/agriculturists)

For New Car

• Quotation or invoice from an authorized dealer

For a Pre-owned Car

1. Quotation from certified dealer
2. Sale agreement (for private sale)
3. Fitness certificate from an automobile engineer
4. Valuation certificate from an approved valuer/surveyor
5. Bluebook, road tax clearance & insurance copy

Additional Documents

• Any other documents as per UCO Bank’s car loan policy.

Fee/Charges of UCO Bank Car Loan

Summary!

The UCO Bank Car Loan EMI Calculator serves as a practical and time-saving resource for anyone planning to finance a car purchase. Instead of manually crunching numbers, this tool offers instant EMI estimates based on your chosen loan amount, tenure, and interest rate. It helps you visualize your monthly financial commitment upfront, making it easier to select a loan option that fits your budget. Whether you're considering a brand-new car or a certified pre-owned one, this calculator ensures transparency and informed decision-making every step of the way.