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UCO Bank Personal Loan
Personal loans are available from UCO Bank with little documentation and swift approval. With our quick approval of personal loans, you can now consider making your dreams come true. UCO Bank provides personalized loans with interest rates beginning at 9.85% per annum. You can ask for a loan of up to a maximum of Rs.10 lakh. The loan has a minimum term of 12 months and a maximum term of 60 months. The bank will charge a processing fee of 1% of the amount borrowed, with a minimum fee of Rs.750. You have several loan options to choose from.
Comparison of Interest Rates of UCO Bank vs other Banks/NBFCs
| Banks | Interest Rates (per annum) |
|---|---|
| UCO Bank | 8.40% to 10.55% |
| SBI | 9.60% â 13.85% |
| 9.60% â 13.85% | 10.25% â 21% |
| PNB | 7.90% â 14.50% |
| ICICI Bank | 10.50% â 19% |
| Axis Bank | 10.25% p.a. onwards |
| Kotak Mahindra Bank | 10.25% onwards |
| IndusInd Bank | 11.00% onwards |
| IDFC First Bank | 10.49% â 23% |
| Bajaj Finserv | 13.00% onwards |
| Tata Capital | 10.99% onwards |
Different Kinds of UCO Bank Personal Loan
Home Loan
Purpose: This housing finance scheme provides you with an excellent opportunity to own your own home or apartment.
Loan Amount: Up to Rs.15 lac
Tenure: 30 years/360 EMI
Processing Fee: 0.5% of the loan amount, minimum Rs.1500/- & maximum Rs. 15000/-.
Vehicle Loan
Purpose: This is a simple financing option for the purchase of a new car as well as a used vehicle that is less than 5 years old.
Loan Amount: Salaried individuals would receive a minimum monthly take-home pay of Rs.20,000/- at all centres.
Tenure:
- Rs 15 lac if purchased from reputed certified car dealers for pre-used cars.
- Rs 5 lacs if purchased from others.
Processing Fees: 1% of the loan amount maximum Rs.1500/-
Mortgage Loan
Purpose: Credit facility for firms/companies and individuals to meet the financial needs of their MSE units, agricultural needs, and other purposes that fall under Priority Sector norms.
Loan Amount: The minimum amount is Rs 2 lacs. Individuals are limited to Rs. 200 lacs, while firms/companies are limited to Rs. 500 lacs.
Tenure:Regardless of the loan amount, there is a maximum of 144 Equated Monthly Instalments.
Processing Fees:
- UCO Float Rate + 2.55 per cent p.a. for Priority Sector Advance
- UCO Float Rate + 3.55 per cent p.a. for Non-Priority Sector Security Advance.
Education Loan
Purpose: The scheme provides financial assistance to deserving students who wish to pursue higher education in India or abroad.
Loan Amount:
- In India, the maximum amount for studies is Rs. 10.00 lac
- Maximum Rs. 20.00 Lac for Study Abroad
Tenure:
- Up to Rs. 7.5 lakh: – UCO Float Rate + 2.40 %
- More than Rs 7.7 lacs:- UCO Float Rate + 2.80 %
Processing Fees:: There are no additional fees for processing.
Why Choose UCO Bank Personal Loan?
If you have a steady income and a good credit score, getting a personal loan is a good idea because you will be provided a low-interest rate. The following points summarise the key features and benefits of the UCO bank’s personal loan offerings.
- High loan amount
- Repayment Options That Are Flexible
- Acceptance of both residential and commercial real estate as collateral Minimum documentation required Competitive interest rate
Prepayment of UCO Bank Personal Loan
In all circumstances, the repayment time should be set so that all personal debts are paid off one year before retirement
a) For Central/State Government Employees as based on the Eligibility section, 84 Equated Monthly Instalments
b) 60 Equated Monthly Instalments for non-government employees
What makes RupiLoan right platform to apply for an Individual Loan?
Most trustworthy lenders
In order to present you with the best loan alternatives from various lenders in one place, Rupiloan has partnered with more than 30 banks, non-bank financial institutions, and fintech businesses.
Make comparisons
What’s the best option? Using a few mouse clicks, you can research and compare personal loan offers from India’s leading banks, non-banking financial institutions (NBFCs), all on one screen.
Personalised options available
With a high degree of acceptance assurance, we provide customised solutions RupiLoan ranks personal loan offers based on your credit score and other qualifying factors to determine which ones are most relevant to you. Your loan application will be accepted if you use this information to help you choose the best deal.
Can gain benefit from Pre-approved loans
These loans are those that have already been authorised. Once you’ve joined the Rupiloan community, you’ll get personalised pre-approval offers for personal loans based on your credit score and history. There is minimal to no verification required for these loans and the processing expenses are inexpensive.
Right advice
RupiLoan’s team of experts will assist you in every stage of the procedure, coordinate with lending banks/NBFCs, and help you get the best personal loan for your needs.
When it comes to applying for a personal loan, Rupiloan.com is a 100% digital-only company, which means that you can apply from the comfort of your own home with zero to little paperwork and an entirely digital experience.
End-to-end Assistance
After you complete your loan application, RupiLoan representatives will visit your home or place of business at a mutually agreed-upon time and day to pick up any physical papers that is needed. RupiLoan takes care of everything for you, so you don’t have to go to a lending institution in person to submit your documentation. Comprehensive Help from Start to Finish RupiLoan’s team is always by your side, working with the lenders to make sure you have an excellent experience from beginning to finish, from searching for a loan choice to getting the sanctioned money in your bank account.
