UCO Bank provides personal loans starting from an interest rate of 12.45% - 12.85% p.a. for loan amounts up to Rs 15 lakhs. UCO bank provides exclusive features and advantages, competitive interest rates, etc.The personal loans & the hassle-free application processes have quick loan approval rate that make it a convenient choice for those seeking financial assistance. Now make the most of UCO Bank Personal loan its interest rates & offers.
UCO Bank Online Personal Loan Details
Before we get into the details, let’s go through some highlights of UCO Bank Personal Loan from the table below:
| Interest Rate | 12.45% - 12.85% |
| Loan Amount | Up to Rs 15 Lakh |
| Tenure | Central/State - upto 7 years, Govt. employees - upto 5 years, Pensioners - upto 4 years |
| Processing Fee | 1% of the loan amount |
Table of Contents - UCO Bank Personal Loan
- ⇾UCO Bank Personal Loan Interest Rates
- ⇾Types of UCO Personal Bank
- ⇾UCO Personal Loan EMI Calculation
- ⇾Comparison of UCO Personal Loan vs Other Providers
- ⇾UCO Personal Loan Eligibility
- ⇾Features of UCO Personal Loan
- ⇾UCO Personal Loan Documents Required
- ⇾How to Apply For UCO Personal Loan with Buddy Loan
- ⇾FAQs
UCO Bank Personal Loan Interest Rates & Charges
Now more than ever, get quick financial solutions with easy loan availability and competitive interest rates.UCO Bank Personal loan approves loans with just minimal paperwork. Free yourself from financial burdens with facilities provided by UCO Bank personal loan & its’ interest rates.
Refer the table below to know the special schemes that UCO bank offers:
| UCO Bank Personal loan Schemes | Interest Rate | Processing Fees |
|---|---|---|
| UCO Cash | 10.05% to 10.30% p.a | 1% of the loan amount (min. Rs.750) |
| UCO Pensioner Loan | 12.85% p.a. | NIL |
| UCO Shopper Scheme Loan | 8.40% p.a. to 9.40% p.a. | 1% of the loan amount (min. Rs.1,000) |
| UCO Securities | UCO Float Rate + 3.65% | Rs.250 per case |
Types of UCO Bank Personal Loan & Features
With UCO personal loan, interest rates starting at 9.85% p.a for a maximum amount of loan for Rs.10 lakh. UCO Bank offers various types of personal loans to cater to different financial needs. Some of the types of personal loans offered by UCO Bank include:
UCO Cash
Purpose
- UCO cash provides financial assistance to cover for expenses like marriage, education, agricultural needs, etc.
Security
- No required.
Applicant type
- For Central/State Government - 12.45%
- For employees other than Central/State Goverment - 12.70%
UCO Pensioner Loan
Purpose
- UCO pensioner loan provides financial assistance to cover medical expence, wedding expenses along with travel expenses, eductaional expenses of dependenet children etc.
Applicant type
- General Public - 12.85%
UCO Shopper Scheme Loan
Purpose
- UCO shopper scheme loan provides an easy finance scheme for purchases such as Televison , Refrigerator, Air Conditioner, Computer or any electrical or electronics gadgets etc.
Applicant type
- For salary tie arrangement or loan secured ny 100% - 9.45 onwards
- For others 10.45%
UCO Securities
Purpose
- Under the scheme facilities are provided against financial securities issued by Central Govt/State/Govt./RBI. This scheme is also available against Life Insuranxe Polices of Life Insurance cproration of India.
Applicant type
- For Central/State Government - 12.55%
- For employees other than Central/State Goverment - 12.80%
UCO Bank Personal Loan EMI Calculation
If you're considering applying for a personal loan from UCO bank, you can conveniently calculate your Equated Monthly Installment (EMI) using the UCO Personal Loan EMI calculator.
This useful tool helps you determine the amount you'll need to pay each month. Simply input the loan amount, interest rate, and loan tenure, and receive an immediate estimate of your monthly installment. By UCO Personal Loan EMI calculation, you can make well-informed financial decisions and effectively manage your budget.
Comparison of UCO Bank Personal Loan Vs Other Banks
Here is a comparison of UCO Bank personal loan rates along with the other banks:
| Lender | Interest Rates | Processing Fees |
|---|---|---|
| UCO | 12.45% - 12.85% | Up to 1% |
| SBI | 10.30%-15.10% | Up to 1.50% |
| HDFC | 11.00% onwards | Up to 2.50% |
| ICICI | 10.75% onwards | Up to 2.50% |
| Citibank | 9.99% p.a. To 16.49% p.a. | 0.25% to 3.00% |
| Axis | 10.25% onwards | 1.5% to 2% |
| IndusInd | 11.00% | 2.5% onwards |
| Yes Bank | 10.99% per annum onwards | 2.50% (one-time fee) |
| Shriram City | 11.49% p.a. To 23% p.a. | 2.50% |
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UCO Bank Personal Loan Eligibility
When considering applying for a UCO Personal Loan, it is essential to understand the eligibility requirements set by the bank. These criteria determine whether you qualify for the loan. While specific details may vary, several key factors generally influence the Personal Loan eligibility at UBO Bank. By meeting these requirements, you increase your chances of loan approval rate & fulfill your financial needs.
The table below provides you an understanding of the basic UCO Bank personal loan eligibility criteria:
| Factors | General Eligibility Criteria |
| Age | 21 yrs to 60yrs |
| Monthly Income | Rs 10,000 |
| Work Experience | Minimum 2 year completed at the same organization |
Scheme-Wise UCO Bank Personal Loan Eligibility
Here is the scheme-wise UCO personal loan eligibility criteria for better understanding of their for up-to-date information and requirements.
UCO Cash Eligibility Criteria
- Confirmed employees of government firms, private firms, semi-government, PSUs, etc.
- Individuals should be employed with the same firm for at least 2 years
- Applicants should hold a salary account with UCO Bank
- Applicants should have a net take-home salary of more than 40% after deducting income tax, PF, and other statutory deductions.
UCO Pensioner Eligibility Criteria
- Pensioner who receive their pension through UCO Bank
- War widows and Widows drawing a pension from UCO Bank Branch.
UCO Shopper Scheme Loan Eligibility Criteria
- Existing customers of UCO Bank for at least 6 months
- Self-employed, businessmen, professionals
- Permanent employees of government, semi-government, PSUs, universities or private firms with at least 1 year of service and at least 5 years of service remaining
- Existing customers of UCO Bank for at least 6 months
- Salaried Applicants:
- Minimum set salary of Rs 30,000 month for metro cities and Rs 20,000 month for others cities.
- Minimum salake-home salary of more than 40% after month after deducting including EMI or Rs 10,000 whichever is more.
UCO Securities Eligibility Criteria
- Anyone who holds financial securities held by state or central governments or RBI in the form of Kisan Vikas Patra, National Savings Certificate, Relief Bonds, LIC policies, etc.
Features of UCO Bank Personal Loan
UCO Bank personal loans with attractive features designed to meet your financial needs. With competitive interest rates and flexible repayment options. UCO Bank personal loans are more convenient and offer multi purpose loans with
Minimal Paperwork
Get your loan approved within minutes
Quick Approval
Choose your preferred repayment tenure
Flexibility
Can be used for a variety of purposes
Interest Rates
Starting from 12.45% p.a
Loan Amount
Get loan upto 15 Lakhs
Loan Tenure
Get loan under the most flexible tenure period
UCO Bank Personal Loan Documents Required
Here are the documents required when applying for a personal loan at UCO Bank :
Identity Proof
PAN Card, Voter ID, Driving License, Passport.
Income Proof
Latest salary slip, Form 16, last 6 months audited account statement, ITR returns for the last 2 years.
Address Proof
Landline Bill, Electricity Bill, Ration Card, Voter ID, Passport.
Salaried Applicants
Salary Slips of last 3 months.
One-year Employment Certificate.
Self - Employed Applicants
Last 6 months current account statements
Proof of business continuity, Certification of registration
IT returns for past 2 years,certified profit and loss statement.
Other Documents
Duly signed loan application form
Processing Fee cheque
Check-off letter from employer
4 Easy Steps to Apply for UCO Bank Personal Loan with Buddy Loan
Here’s the step-by-step process that you can follow to apply for UCO personal loan on Buddy Loan:
Step 1 - Visit - buddyloan.com or Download the Buddy Loan app and compare features.
Step 2 - Fill out the application form including the loan amount, the tenure months, and contact details.
Step 3 - Fill out the eligibility form and provide:
- Email Address
- Employment Type
- Company Type
- Industry Type
- Current Company Name
- Company Address
- Year of Employment
- Net Income
- Mode of Salary
- Pan Card Details
- Full Name (As Per Pan Card)
- Current Address with Pin Code
- Mobile Number
Step 4 - Cross verify the given information and submit the application.
Ready to take next step ?
Frequently Asked Questions on UCO Personal Loan
UCO Bank offers interest rate starting from an interest rate of 12.45% - 12.85%p.a.
Yes, If your annual salary is 20,000, then you're eligible for a personal loan because the monthly income requirement begins from Rs. 10,000 onwards.
Now, you can apply for a UCO Bank personal loan with Buddy loan and Experience a hassle-free loan application process.
UCO Bank Personal loan provides you a loan under the repayment period of 12 - 16 months.
The eligibility criteria for a UCO Bank Personal Loan includes factors such as age requirement , stable source of income, employment stability, good credit score, and meeting the bank's specific documentation requirements.
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