Can I check my UCO Bank Personal Loan status?

If you have applied through for your UCO Bank Personal Loan then all you need to do is login and check your status in real-time. If not you can contact the UCO Bank at their business hours and provide them with the application number and the credential they require and wait for their update.

What will be my maximum UCO Loan EMI for a month?

EMI for a salaried individual can't exceed 40% of his/her take home salary, for someone who is self-employed the value of the loan is determined by the profits earned.

Where can I apply for a UCO Bank Personal Loan?

You can find the application for the loan at the branch.

Is there any processing charges for applying for the UCO Bank Personal Loan?

There is a 1% charge the minimum of Rs. 750/-.

What documents must I submit when applying for a personal loan from UCO Bank?

The documentation process for a personal loan from UCO Bank is fairly simple, and the documents accepted by the bank include passports, driver's license, and Aadhar card for proof of identity. For proof of address, the documents accepted by the bank include telephone or electricity bills . Even a driver's license with a mention of the customer's current address is accepted. Payslips can be submitted as income proof.

What factors are taken into consideration by the bank when checking my eligibility for a personal loan?

After you have submitted your loan application along with the necessary documents, the bank will run a verification check to ascertain your eligibility for the loan. Your job status, job security, monthly income, outstanding debt, credit score, ability to repay and a few other factors will be considered to ensure that you're a risk-free customer.

Can I avail a personal loan despite having a poor credit score?

The bank will require you to have a good credit score before it sanctions any loan to you. However, you can take certain steps to increase your credit rating. Make sure that your ratio of secured loans to unsecured loans is good as the bank will consider you more responsible in this case.

Credit Cards

Home Loans

Personal Loans

Other Loans

Calculators

Investments

Credit Score

Govt. Utility Documents

Download Mobile App

Insurance

Resources

BankBazaar

UCO Personal Loan

Under the UCO Cash scheme, UCO Bank offers personal loans up to Rs.10 lakh or up to 10 times the monthly salary of the applicants with interest rate ranging between 10.85% p.a. and 13.95% p.a.

No collateral required
Lower interest rates for women applicants
Maximum repayment tenure of 7 years
Processing fee of 1% subject to a maximum of Rs.1,000
Minimum 2 years of service required to be eligible for the scheme
Income criteria will depend on the personal loan scheme you are looking to avail along with your eligibility criteria

UCO personal loan provides you To extend financial assistance to certain segment to meet unforeseen domestic expenses like marriage, education, social obligation etc. To know more, follow some simple steps given below to get attractive deals.

Check Your Credit Score Now

About UCO Bank Personal Loan

There are various personal loan schemes offered by the bank which the customer can avail based on their needs and provided they meet the eligibility criteria.

The schemes offered by UCO Bank are:

UCO Cash
UCO Pensioner Loan
UCO Shopper Loan Scheme
UCO Securities
Gold Loan Scheme

Documents Required to Apply for a UCO Bank Personal Loan

1. Signed application form with photograph

2.Copy of passport/voter ID card/driving license

3. Processing fee cheque

4. Last 3 months bank statement/6 months bank passbook

5. Documentation for salaried applicants:

Latest salary slip

Current dated salary certificate with the latest Form 16

6. Documentation for self-employed applicants:

Latest Bank statement

Latest ITR or Form 16

Check Your Credit Score Now

UCO Bank Personal Loan Details

Rate of Interest	10.95% p.a. and 13.95% p.a.
Processing Fee	1% (maximum Rs.1,000/-)
Loan Tenure	12 months - 84 months
Guarantor Requirement	Guarantor Required.

UCO Bank Cash Loan: Features & Benefits

You can avail yourself of this loan to meet your various financial requirements such as to meet the cost of education, marriage, etc.

Details of UCO Cash

Eligibility	You should be a permanent employee working for at least 2 years in an organisation You must have a salary account with UCO Bank
Income criteria	Home pay should not be less than 40% of your gross salary after the deduction of PF subject to a minimum of Rs.10,000
Loan amount	10 times of gross monthly income subject to a minimum of Rs.10 lakh
Security	Not required
Rate of interest	Between 10.95% p.a. and 13.95% p.a.
Repayment tenure	Up to 5 years
Processing fee	1% of the loan amount subject to a minimum of Rs.750

UCO Pensioner Loan: Eligibility & Benefits

Ex-employees of UCO Bank and individuals who receive pension from the bank can avail this loan scheme to meet your various financial requirements.

Details of UCO Pensioner Loan

Eligibility	Ex-employees of UCO Bank Those who receive pension from the bank
Loan amount	For pensioners who receive pension to take care of their family members and if the spouse is alive, the loan amount should be 12 times the: Maximum of Rs.10 lakh for age up to 70 years And maximum of Rs.5 lakh for ages between 70 years and 74 years 10 times the pension amount subject to a maximum of Rs.3 lakh if the pensioner is living without family pension provision, or has their spouse pre-deceased, or if the pensioner expires in which case the spouse is receiving the pension amount.
Security	Personal guarantee will be required
Rate of interest	For staff – 11.85% and 12.85% for others
Repayment tenure	Up to 3 years
Processing fee	Nil

UCO Shopper Loan: Eligibility & Features

Individuals can avail this loan to purchase consumer durable items such as television, refrigerator, computer, etc.

Details of UCO Shopper Loan Scheme

Eligibility	Any working professional with a minimum work experience of 1 year and maximum of 5 years The applicant must be a customer of UCO bank for at least 6 months
Income criteria	Minimum monthly pay of 40% p.m. after all deductions or Rs.10,000 whichever is higher Minimum gross salary of Rs.3,000 if you reside in a metro city, and Rs.2,000 if you reside in a semi-urban or rural city.
Loan amount	Rs.2 lakh or 10 times the monthly salary whichever is less
Security	Not required
Rate of interest	10.85% - 11.85%
Repayment tenure	Up to 5 years
Processing fee	1% of the loan amount subject to a minimum of Rs.750

Check Your Credit Score Now

UCO Securities

Under this loan scheme, credit facilities are extended by the State or Central Government or Reserve Bank of India (RBI) in the form of bonds, National Savings Certificates, etc. Under this scheme, you can also avail a loan against life insurance policy offered by Life Insurance Corporation (LIC) of India.

Details of UCO Securities

Eligibility	The securities should be in the name of the borrower or the joint borrowers Securities should be transferrable and be named in the favor of the bank
Margin	Margin offered will be on the discounted value of the maturity proceeds of the security
Nature of facility	Cash credit, overdraft, or demand loan
Security	Bonds, National Saving Certificates, LIC policies, etc.
Rate of interest	11.90%
Repayment tenure	Up to 5 years
Processing fee	Rs.250 per case

UCO Gold Loan Scheme

You can avail yourself of a gold loan scheme from UCO Bank by offering gold ornament or jewellery as your collateral. The loan amount you can avail will also depend on the value of the gold you will provide as collateral.

Details of UCO Gold Loan Scheme

Eligibility	Borrowers who avail this loan who would loans for agriculture and allied activities, or activities related to MSME, retail trade, education, housing, etc.
Margin	25%
Nature of facility	Demand loan
Security	Gold ornament or jewellery
Rate of interest	12.55% - 12.80%
Repayment tenure	At the discretion of the bank
Service charge	Rs.250 - Rs.5,000

Check Your Credit Score Now

Why choose UCO Bank Personal Loan?

With our current financial situation in the Indian markets, the amount we save in fixed deposits, saving accounts etc., may not have the same value in the future. Having your liquid money locked up in investments restricts your ability to have enough to pay off or spend on things you need like paying off credit card bills, taking that much needed family vacation, remodelling of your home etc.

Features of UCO Bank Personal Loan

Some of the key features of the UCO Bank Personal Loan or UCO Bank Cash is below:

The maximum loan amount is Rs. 10,00, 000
Women have a concessional rate of interest
Processing charges are just 1 % amounting to a minimum of Rs.750/-

UCO Bank Marginal Cost of Funds Based Lending Rate (MCLR) (For new borrowers)

UCO Bank introduced MCLR based benchmarks following RBI directives, with these benchmarks offering a better picture of current financial conditions. Factors like CRR, repo rate, loan tenure, operating costs, etc. have a direct correlation with MCLR, with any change in these parameters having an impact on rates payable by a borrower. The table below highlights the rates applicable as of 10 September 2023.

MCLR Benchmark Tenure (Period)	Benchmark Rates (MCLR)
Overnight	8.00%
1 month	8.20%
3 months	8.35%
6 months	8.60%
1 year	8.75%

UCO Bank Personal Loan Eligibility

Minimum age: 21 years for salaried individuals and must have completed 3 years of service in the same organisation.

Maximum age: Up to 74 years for

Minimum income: Monthly take home, is more than 40% of your gross salary.

Documentation required while applying:

Signed application along with photograph
Identity proof: Voter's ID/ Passport/ Driving License
Cheque for the processing fees
3 months bank statement
For salaried applicants: 3 months pay slip and Form 16 with the latest salary certificate
For self employed applicants: Latest bank statement and Income tax returns or Form 16

A good credit score can help you secure lower interest rates on loans and credit cards.

Get Free Credit Score

FAQs on UCO Bank Personal Loan

Can I check my UCO Bank Personal Loan status?
If you have applied through for your UCO Bank Personal Loan then all you need to do is login and check your status in real-time. If not you can contact the UCO Bank at their business hours and provide them with the application number and the credential they require and wait for their update.
What will be my maximum UCO Loan EMI for a month?
EMI for a salaried individual can't exceed 40% of his/her take home salary, for someone who is self-employed the value of the loan is determined by the profits earned.
Where can I apply for a UCO Bank Personal Loan?
You can find the application for the loan at the branch.
Is there any processing charges for applying for the UCO Bank Personal Loan?
There is a 1% charge the minimum of Rs. 750/-
What documents must I submit when applying for a personal loan from UCO Bank?
The documentation process for a personal loan from UCO Bank is fairly simple, and the documents accepted by the bank include passports, driver's license, and Aadhar card for proof of identity. For proof of address, the documents accepted by the bank include telephone or electricity bills. Even a driver's license with a mention of the customer's current address is accepted. Payslips can be submitted as income proof.
What factors are taken into consideration by the bank when checking my eligibility for a personal loan?
After you have submitted your loan application along with the necessary documents, the bank will run a verification check to ascertain your eligibility for the loan. Your job status, job security, monthly income, outstanding debt, credit score, ability to repay and a few other factors will be considered to ensure that you're a risk-free customer.
Can I avail a personal loan despite having a poor credit score?
The bank will require you to have a good credit score before it sanctions any loan to you. However, you can take certain steps to increase your credit rating. Make sure that your ratio of secured loans to unsecured loans is good as the bank will consider you more responsible in this case.

Important Personal Loan Pages

Personal Loan Eligibility by Banks

Personal Loan Interest Rates by Bank

Personal Loan EMI Calculator by Bank

Personal Loan Customer Care by Bank

Personal Loan Status Track by Bank

Disclaimer

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

Explore More:

Credit Card:

Credit Score:

Personal Loan:

Home Loan:

Fixed Deposit:

Calculator:

Learn More:

Others:

Mobile Apps:

support[at]bankbazaar[dot]com

UCO Personal Loan

About UCO Bank Personal Loan

Documents Required to Apply for a UCO Bank Personal Loan

UCO Bank Personal Loan Details

Compare Personal Loan Options from Multiple Banks

UCO Bank Cash Loan: Features & Benefits

Details of UCO Cash

UCO Pensioner Loan: Eligibility & Benefits

Details of UCO Pensioner Loan

UCO Shopper Loan: Eligibility & Features

Details of UCO Shopper Loan Scheme

UCO Securities

Details of UCO Securities

UCO Gold Loan Scheme

Details of UCO Gold Loan Scheme

Why choose UCO Bank Personal Loan?

Features of UCO Bank Personal Loan

UCO Bank Marginal Cost of Funds Based Lending Rate (MCLR) (For new borrowers)

UCO Bank Personal Loan Eligibility

FAQs on UCO Bank Personal Loan