UCO Bank Personal Loan: Interest Rates, Eligibility, How to Apply

UCO Bank Personal Loan: UCO Bank gives personal loans up to Rs 10 lakh. The loan starts at an interest rate of 10.05% per annum. The loan can be taken for a repayment tenure of up to 5 years. The processing fee is 1% of the loan amount.

UCO Bank Personal Loan Details

Rate of interest Above 10.05% p.a.
Maximum loan amount up to Rs 10 lakh
repayment period up to 60 months
processing fee 1% of the loan amount
Minimum income required 10,000 per month
Likely minimum EMI per lakh Rs 2,127
guarantor not needed
prepayment fees Zero

Features of UCO Bank Personal Loan

  • You can take a loan amount up to 10 times your monthly income, the maximum amount is up to 10 lakhs.
  • Pensioners can also take a personal loan.
  • The loan amount can be repaid within a period of up to 5 years.
  • Personal loan interest rates range between 10.05% to 10.30% p.a.
  • There is a processing fee of 1% of the loan amount, minimum Rs 750.

Types of UCO Bank Personal Loan

UCO Bank offers a variety of personal loans based on your employment status, income and other parameters:-

UCO Cash

  • Purpose of Loan: This loan can be taken for any personal expenses including medical treatment, marriage or other social obligations.
  • Loan Amount: You can take 10 times your monthly income or up to a maximum of Rs 10 lakh.
  • Tenure: The repayment period is maximum 60 months.
  • Guarantor: No guarantor or pledge is required.
  • Interest Rate: Between 10.05% to 10.30% p.a.

UCO Pensioner

  • Purpose of Loan: Loan amount can be availed for medical expenses, travel expenses, marriage expenses, home renovation.
  • Loan Amount: The maximum loan amount is as follows:-
  • For pensioner and if the spouse is alive : 10 times the present monthly pension maximum; 5 lakh for applicants up to the age of 70 years.
  • Repayment Tenure: The maximum repayment period is 48 months provided the loan is fully repaid by the time the borrower turns 72.
  • Interest Rate : Between 9.55% to 10.55% p.a.
  • Prepayment: Prepayment is allowed without any charges.

UCO Shopper Loan Scheme

  • Loan Purpose: It is an easy loan scheme available to the customer to make various purchases like refrigerator, television, computer, air conditioner and other electronic gadgets.
  • Loan Amount : Borrower can avail up to 10 times of monthly salary, maximum amount is 2 lakhs.
  • Repayment Period: Maximum repayment period of 60 months.
  • Prepayment: Allowed without any prepayment charges.
  • Interest Rate : Between 8.455% to 9.45% p.a.

UCO Security

  • Purpose of Loan: A credit facility provided against any financial security issued by the government or RBI for personal use
  • Margin: Based on the closing value of the maturity proceeds of the financial security provided at Base Rate.
  • Loan Types: You can avail overdraft, demand loan or cash credit.
  • Repayment Period: Maximum 5 years.
  • Interest Rate : 10.55% p.a.

gold loan

  • Purpose of Loan: This loan is available in rural, semi-urban and metropolitan areas for primary sector activities like education, small business, retail business, agriculture, housing etc.
  • Margin: 25% margin has to be maintained on the price of gold in the market.
  • Loan Amount: The maximum loan amount sanctioned depends on the price of gold per gram. Gold jewelry should be appraised for purity by a reputable and experienced goldsmith
  • Interest Rate : 8.50% p.a.

Documents Required for UCO Bank Personal Loan

Following are the important documents to be submitted while applying for personal loan from UCO Bank:-

  • Well filled application form
  • 3 passport size photographs
  • Proof of Identity (Photocopies of Voter ID / Passport / Driving License / PAN Card)
  • Proof of residence (photocopy of telephone bill / electricity bill)
  • Bank account/passbook details for the last six months
  • Form 16/IT Return for the last two financial years for salaried employees
  • IT returns for three years for self-employed professionals

Enter your details by clicking on the link given below to apply online for Personal Loan from UCO Bank :-

https://apps.ucoonline.in/Lead_App/lead_web.jsp

UCO Bank Personal Loan Customer Care Number

For all complaints call on toll free number 1800 103 0123.

main business office

UCO Bank Head Office,

10, BTM Sarani, Kolkata- 700001,

West Bengal India.

What is the age limit for UCO Bank Personal Loan?

The age criteria for UCO Bank Personal Loan are as follows:-

  • For Salaried Individuals: Minimum age is 21 years and maximum age is 60 years.
  • For Non-Salaried Individuals: Minimum age is 21 years and maximum age is 65 years.

What is the loan amount that can be availed with UCO Bank Personal Loan?

You can get 10 times your monthly income (maximum up to Rs 10 lakh) from UCO Bank. Loan is given as per the credit profile of the applicant.

What is the processing fee of UCO Bank loan?

The processing fee for UCO Bank Personal Loan is 1% of the loan amount. No processing fee for pensioner loan scheme.

Leave a Comment

Your email address will not be published.