|Interest rate||11.60% p.a. onwards|
|Maximum loan amount||Rs. 10 Lakhs|
|Repayment tenure||Up to 60 months|
|Processing fee||1% of loan amount|
|Minimum income required||Rs. 10,000 per month|
|Lowest EMI per lakh||Rs. 2,127|
UCO Bank personal loans are considered among the best in the industry because:
UCO Bank offers several personal loan options based on your employment status, income and other parameters. The different loan options available are:
Also, Know UCO bank Balance check number service offered by the bank.
The UCO Bank Personal Loan EMI can be calculated with our online Personal Loan EMI Calculator by entering the loan amount, tenure and interest rate.
Here is an illustration using MyMoneyMantra Personal Loan EMI Calculator:
Loan amount availed: Rs. 5 Lakhs
Interest Rate: 11.60% p.a.
Tenure: 5 years
EMI to be paid: Rs. 10,636
Total interest to be paid: Rs. 1,38,150
Total loan amount to be paid to the lender: Rs. 6,38,150
Below is the complete amortization schedule for the above illustration:
Amount paid by
customer in a year
Interest paid during
Principal paid during
|1||Rs. 5,00,000||Rs. 63,815||Rs. 24,306||Rs. 39,509||Rs. 4,60,491|
|2||Rs. 4,60,491||Rs. 1,27,630||Rs. 42,426||Rs. 85,204||Rs. 3,75,286|
|3||Rs. 3,75,286||Rs. 1,27,630||Rs. 33,457||Rs. 94,173||Rs. 2,81,113|
|4||Rs. 2,81,113||Rs. 1,27,630||Rs. 23,544||Rs. 1,04,086||Rs. 1,77,027|
|5||Rs. 1,77,027||Rs. 1,27,630||Rs. 12,588||Rs. 1,15,042||Rs. 61,985|
|6||Rs. 61,985||Rs. 63,815||Rs. 1,830||Rs. 61,985||Rs. 0|
|Name of Lender||Rate of Interest (per annum)||Processing Fee||Maximum Loan Limit|
|UCO Bank||11.60%||1%||Rs. 10 Lakhs|
|IndusInd Bank||10.25%||Up to 3% + GST||Rs. 15 Lakhs|
|SBI||11% p.a.||Up to 1. 50% + GST||Rs. 20 Lakhs|
|HDFC Bank||10.50%||Up to 3.5%||Rs. 40 Lakhs|
|Bank of Baroda||10.90%||2%||Rs. 10 Lakhs|
|IDFC FIRST Bank||10.49%||Up to 2.50%||Rs. 40 Lakhs|
For any personal loan with UCO Bank, the documents required are as follows:
The UCO Bank Personal Loan eligibility criteria vary as per the loan scheme chosen. The different eligibility criteria are as follows:
|UCO Shoppers Loan Scheme|
|UCO Gold Loan|
The personal loan processing fees depend upon the type of loan you are applying for. The details are as follows:
|Type of Loan||Processing Fees|
|UCO Cash||1% of loan amount or minimum of Rs. 750|
|UCO Shoppers Loan Scheme||1% of loan amount plus taxes subject to a minimum of Rs. 1,000.|
|UCO Securities||Rs. 250 per case|
|UCO Gold Loan|
For priority sector:
For Non Priority Sector
Documentation Charges for all Retail loans except home loans:
|Up to Rs. 25,000||NIL|
|Above Rs. 25,000 up to Rs. 2 Lakhs||Rs. 350|
|Above Rs. 2 Lakhs up to Rs. 5 Lakhs||Rs. 1,500|
|Above Rs. 5 Lakhs up to Rs. 10 Lakhs||Rs. 2200|
|Above Rs. 10 Lakhs up to Rs. 25 Lakhs||Rs. 2,500|
|Above Rs. 25 Lakhs up to Rs. 50 Lakhs||Rs. 4500|
|Above Rs. 50 Lakhs up to Rs. 5 Crores||Rs. 6,000|
|Above Rs. 5 Crores||Rs. 15,000|
In order to apply for a UCO Bank Personal Loan on MyMoneyMantra, all you have to do is follow a few simple steps:
For all complaints and grievances, you will have to register your complaint or grievance online on www.ucobank.com. Fill in the details in the form as required and submit. You can also track the status of your complaint after submission.
UCO Bank Head Office,
10, BTM Sarani, Kolkata- 700001,
West Bengal India.
You can get contact details of all zonal offices on www.ucobank.com.
Supreme Business Park, Floors 5 and 6 B Wing, Powai,
Now get Navi personal loan of Rs. 10,000 to Rs. 20 Lakhs at lowest interest rate starting from just 9.9% per annum. Repay in easy instalments of 3 to 72 months. The processing fee ranges from 2.5% to 6% of the sanctioned limit + GST.
UCO Bank personal loans are provided for any short-term financial requirement, which includes financial liability of any kind, debt repayment, education, marriage and other social obligations, travel and even for repair and reconstruction of your loan.
With UCO Bank Personal Loans, you have the option of repaying with up to 60 equal monthly instalments.
With UCO Bank personal loans, you can get up to 10 times your gross income per year as personal loan (maximum up to Rs. 10 Lakhs). Loan amount is calculated as per monthly income and the credit history of the individual.
The net income after all the deductions including the proposed EMI, IT, PF and others should be at least 40% of your gross income. For personal loans this is subject to a minimum net income of Rs. 10,000 after all deductions.
Personal loans, except gold loans, do not require any collateral. You can insure your loan with UCO Rin Jeevan Suraksha if needed.
You do not have to pay any prepayment charges for personal loans that you choose with UCO Bank.
For the UCO Cash Personal Loan, you can avail the UCO Rin Jeevan Suraksha Insurance, which allows the loan to be covered in case of any accidental or natural death of the borrower of the loan.
UCO Pensioner loans are available to current pensioners drawing their pension from UCO Bank, their spouse or for war widows. Guarantee is required for any pensioner loan provided to a dependent of the pensioner as per the regulations of the bank.
The age criteria for UCO Bank Personal Loans are as follows: