UCO Bank provides personal loans starting from an interest rate of 9.70% p.a. for loan amounts up to ₹15 lakhs. UCO Bank provides exclusive features and advantages, competitive interest rates, etc. The personal loans & the hassle-free application processes have a quick loan approval rate that makes it a convenient choice for those seeking financial assistance. Now make the most of the UCO Bank personal loan’s interest rates & offers.
UCO Bank Online Personal Loan Details
Before we get into the details, let’s go through some highlights of the UCO Bank personal loan from the table below:
| Interest Rate | 9.70% onwards |
| Loan Amount | Up to Rs 15 Lakh |
| Tenure | Central/State: up to 7 years, Govt. employees: up to 5 years, Pensioners: up to 4 years |
| Processing Fee | 1% of the loan amount |
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 loans approve loans with just minimal paperwork. Free yourself from financial burdens with facilities provided by UCO Bank personal loans & their interest rates.
Refer to the table below to know the special schemes that UCO Bank offers:
| UCO Bank Personal Loan Schemes | Interest Rate | Processing Fees |
| UCO Cash | 10.20% to 13.45% p.a., depending on borrower category and CIBIL score | 1% of the loan amount (minimum ₹750) |
| UCO Pensioner Loan | UCO Float Rate + 3.55% for general pensioners UCO Float Rate + 2.55% for UCO Bank staff pensioners | NIL |
| UCO Shopper Loan Scheme | UCO Float Rate + 1.55% for salary tie-up/100% liquid security UCO Float Rate + 2.55% for other cases | 1% of the loan amount (minimum ₹1,000) |
| UCO Securities | UCO Float Rate + 3.65% | ₹250 per case |
Note: The above-mentioned UCO rate can vary according to a user’s credit profile. The current rates may vary marginally and are inclusive of other charges.
Types of UCO Bank Personal Loan & Features
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: UCO cash provides financial assistance to cover for expenses like marriage, education, agricultural needs, etc.
- UCO Pensioner Loan: The UCO pensioner loan provides financial assistance to cover medical expenses, wedding expenses, travel expenses, educational expenses of dependent children, etc.
- UCO Shopper Scheme Loan: The UCO Shopper Scheme Loan provides an easy finance scheme for purchases such as a TV, refrigerator, air conditioner, computer, or any electrical or electronic gadgets, etc.
- UCO Securities: Under the scheme, facilities are provided against financial securities issued by the Central Govt./State/Govt./RBI. This scheme is also available against the life insurance policies of India.
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EMI Calculation
If you are planning to apply for a personal loan from UCO Bank, it is essential to calculate your Equated Monthly Installment (EMI) beforehand. You can do this using the UCO Personal Loan EMI calculator.
This 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 using the UCO personal loan EMI calculator, you can make well-informed financial decisions and effectively manage your budget.
Your Amortization Schedule (Yearly/Monthly)
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% |
Eligibility Criteria
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 & 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 60 yrs |
| Monthly Income | Rs 10,000 |
| Work Experience | Minimum 2 years completed at the same organization |
Scheme-Wise Eligibility for UCO Bank Personal Loan
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 receives 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 ₹30,000 a month for metro cities and ₹20,000 a month for other cities.
- Minimum salary home of more than 40% after deducting, including EMI, or ₹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.
Ready to take the next step? Apply for a personal loan now!
Features of UCO Bank Personal Loan
UCO Bank personal loans cater to your financial needs with competitive interest rates and flexible repayment options. Here are the features and benefits:
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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, and ITR returns for the last 2 years.
- Address Proof: Landline Bill, Electricity Bill, Ration Card, Voter ID, Passport.
- Salaried Applicants: Salary slips of the last 3 months and a 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, and a certified profit and loss statement.
- Other Documents: Duly signed loan application form, processing fee check, check-off letter from employer.
Apply for a UCO Bank Personal Loan with Buddy Loan
Steps to apply for a personal loan with Buddy Loan include:
- Step 1: Visit buddyloan.com or download & install the Buddy Loan app (Android or iOS)
- Step 2: Open the personal loan application page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount. Next, choose the Personal Loan option
- Step 4: Choose the employment type (salaried or self-employed) and the salary mode (bank or cash).
- Step 5: Enter your work details (including company name, years of service, and designation)
- Step 6: Enter your personal details (including full name, PAN, address, DOB & gender)
- Step 7: Provide your communication address and income details, and click the ‘Submit’ button.
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