Check the Availability of UCO Bank Personal Loan
The availability of various schemes, UCO Bank personal loans offered to self-employed individuals, salaried individuals/professionals, and retirees. UCO Bank offers mainly three types of personal loans are UCO Cash, UCO Shopper Loan Scheme, and UCO Pensioner Scheme. These loans are available for up to Rs.10 lakh and can be used to buy consumer goods, pay medical bills, or finance travel.
UCO Bank Personal Loan Highlights
Here are the main highlights of UCO Bank Personal Loan are listed below:
| Interest rate | Starting at 8.45% p.a. |
| Loan Amount | Maximum of Rs. 10 lakh |
| Loan Tenure | Maximum of 60 months |
| Processing Fees | Maximum of 1% of loan sanctioned |
| Eligible Applicant Categories | ¨ Salaried Individuals
¨ Self Employed Individuals and Professionals ¨ Pensioners |
| Types of Loans | ¨ UCO Cash
¨ UCO Pensioner Loan ¨ UCO Shopper Loan Scheme |
Features and Benefits of UCO Bank Personal Loan
- Quantum of loan: UCO Bank ensures that all of your personal financial needs are met with minimal effort by offering a loan amount of up to Rs.10 lakh.
- Repayment Tenure: The UCO Bank personal loan can be repaid in as little as 60 months, depending on your repayment capacity.
- Personal Loan Schemes: UCO Bank provides a variety of personal loan options to suit the needs of different borrowers.
- Easy to apply for Personal Loan: A UCO Bank personal loan can be applied for online with minimal paperwork and hassle.
UCO Bank Personal Loan Interest Rates
There is some percentage of UCO Bank Personal Loan interest rate mentioned below:
| Type of Personal Loan | Interest Rate (p.a.) |
| UCO Cash (Women) | 10.05% onwards |
| UCO Cash (Men) | 10.30% onwards |
| UCO Pensioner Loan (UCO staff pensioners) | 9.45% onwards |
| UCO Pensioner Loan (other pensioners) | 10.45% onwards |
| UCO Shopper Loan Scheme (salary tie-in/secured) | 8.45% onwards |
| UCO Shopper Loan Scheme (others) | 9.45% onwards |
Eligibility criteria of UCO Bank Personal Loan
The requirements for various types of personal loans provided by UCO Bank differ. Listed below are important considerations when applying for a personal loan from UCO Bank:
UCO Bank Cash Personal Loan
- The applicant must be a working employee of the government, semi-government, a reputable public or private limited company, a college or university, or the public sector.
- You must have served in the same company for at least two years.
- You must either have a UCO Bank salary account or your employer must guarantee that monthly loan installments will be deducted from your pay and paid directly to UCO Bank.
- After the loan, your net take-home pay after deducting PF and other legislative deductions, EMI should not be less than 40% of gross salary.
- After checking relevant records, your additional income, such as rent, interest, and so on, will be taken into account when determining repayment ability.
UCO Bank Pensioner Personal Loan
- Your pension should be taken out of UCO Bank.
- At the time of the last EMI payment, you must be at least 72 years old.
- If you are a pensioner with a family pension or if your spouse is still alive, your age at the time of application does not exceed 74 years. A pension loan must be paid back in full by the time the primary borrower reaches the age of 75.
Documents required for UCO Bank Personal Loan application
UCO Bank provides a variety of personal loans, and the documents needed for each loan can differ. The following are the basic documents required for each form of personal loan:
- PAN Card
- Identity Proof: Ration Card, Bank Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property Purchase Agreement, Aadhaar
- Address Proof: Ration Card, Bank Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property Purchase Agreement i.e. owned properties, Aadhaar Card.
- Income Proof: Bank account statements, salary slips, P&L statements, and certified IT returns are all examples of income proof.
How to apply for UCO Bank Personal Loan with Afinoz?
It can be easy to apply for UCO Bank Personal Loan with Afinoz with the help of the following points listed below:
- com has an online personal loan application form.
- Examine proposals from a variety of potential lenders, sorted by likelihood of acceptance.
- If UCO Bank loan offers are open, choose one or more of them, or contact Afinoz for help.
- Fill out an online form with a few more specifics about yourself so that personal loan application can be forwarded to the lender of your choice.
In the bottom line
In the above description, you may get short details of UCO Bank Personal Loan and apply for the same with the help of eligibility check, interest rate, types of personal loans offered by UCO Bank, repayment tenure, and more. Apart from this, you have also an option to visit the official site of UCO Bank or you can apply for Afinoz for availing the loan.
