UCO Bank Personal Loan 2024: UCO Bank offers personal loans at an attractive interest rate of 9.85% per annum. Customers can avail a maximum loan amount of Rs.10 lakh. The minimum tenure for the UCO Bank Personal Loan 2024 is 12 months, while the maximum tenure is 60 months. A processing fee of 1% of the loan amount is charged by the bank, with a minimum of Rs.750. There are various loan options available for different purposes such as medical bills, wedding expenses, and purchasing consumer goods like computers, refrigerators, etc. Two main loan options offered by UCO Bank are UCO Cash for salaried individuals and UCO Shopper Loan Scheme for both salaried and self-employed individuals. Additionally, the bank has a special loan scheme designed specifically for pensioners.
UCO Bank Personal Loan 2024 Apply Features
- UCO Bank Personal Loan offers a loan amount of up to 10 times your Gross Monthly Income, with a maximum limit of Rs. 10 Lakhs.
- Pensioners can also avail of personal loans from UCO Bank.
- You have the flexibility to repay the borrowed amount within a tenure of up to 60 months.
- The interest rate for UCO Bank Personal Loan is 11.70% per annum.
- A processing fee of 1% of the loan amount, with a minimum of Rs. 750, will be charged.
Why choose this UCO Bank Personal Loan 2024 Apply?
UCO Bank personal loans stand out in the industry for several reasons:
- Versatile Usage: These loans cater to various personal needs, including weddings, social obligations, debt repayment, and travel expenses.
- Competitive Interest Rates: Enjoy the benefit of low personal loan interest rates with UCO Bank.
- No Collateral Required: Avail personal loans without the hassle of furnishing collateral or security.
- Optional Insurance: Unlike other lenders, UCO Bank does not mandate insurance for the loan.
- Global Presence: Benefit from the bank’s extensive network of agencies and correspondents across the globe.
- Diverse Client Base: UCO Bank boasts one of the largest and most diverse client bases in the industry.
- Profitable Overseas Operations: The bank’s overseas operations are both profitable and dynamic.
- Multiple Loan Schemes: UCO Bank offers a range of personal loan schemes, including UCO Cash, UCO Pensioner Loan, UCO Securities, and Gold Loan Scheme.
- Wide Range of Options: Choose from various types of UCO Bank Personal Loans to suit your specific requirements.
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Documentation for UCO Bank Personal Loan 2024 Apply
To apply for a personal loan with UCO Bank, you will need to submit the following documents:
- A perfectly filled UCO Bank Personal Loan application form 2024 with two recent photographs.
- Proof of Identity: Any 2 of the listed documents, with one from the first 5 options being mandatory.
- Proof of employment or income, such as an employment verification certificate, salary slips, Form 16, and IT Returns/Assessment Order.
- For take over loans, provide a statement of the loan account with the other institution and a copy of the sanction advice.
Processing fees
- UCO Cash: 1% of loan amount or minimum of Rs. 750
- UCO Pensioner: NIL
- UCO Shoppers Loan Scheme: 1% of loan amount plus taxes, minimum of Rs. 1,000
- UCO Securities: Rs. 250 per case
- UCO Gold Loan:
– Priority sector:
- Up to Rs. 10 Lakhs: Rs. 250
- Above Rs. 10 Lakhs: Rs. 500
– Non-Priority sector:
- Up to Rs. 5 Lakhs: Rs. 500
- Above Rs. 5 Lakhs up to Rs. 10 Lakhs: Rs. 1,000
- Above Rs. 10 Lakhs: 0.20% of the loan amount or a maximum of Rs. 5,000
How to apply for UCO Bank Personal Loan 2024 Apply?
- To UCO Bank Personal Loan 2024 Apply, visit their website and navigate to the Personal Loan section.
- Fill in the necessary details such as your name, phone number, email ID, and loan amount.
- Additionally, provide your employment details and any other required information.
- To complete the UCO Bank Personal Loan registration process, enter the OTP number sent to your phone number.
- After submitting your Loan application, you will need to participate in a personal interview with UCO Bank officials.
- Once the loan is approved, it will be disbursed to you upon receiving the sanction letter, following the regulations of UCO Bank.
