UCO Bank Personal Loan

UCO Bank Personal Loan Details

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UCO Bank or United Commercial Bank is one of the oldest and influential financial institutions of India that offers lucrative financial products to the customers. Moreover, UCO Bank with its attractive personal loan schemes, it provides financial support to all the sectors including small and large scale industries, agricultural and farming sectors, service, infrastructure and trading sectors. Different individual can avail for different loan depending on their needs.

UCO Bank Cash or UCO Bank Personal Loan is the loan availed by UCO Bank to the individuals for catering their different financial requirements like education, family needs, wedding expenses, hospital charges and more. 11%-16% on a yearly basis is the interest rate calculated for the personal loans and it may vary depending on the individual’s loan scheme and repayment capacity.

Why Choose UCO Bank Personal Loan?

• The advantage of this loan is its same interest throughout the duration.
• Simple documentation is needed and the personal loan in UCO Bank then gets processed faster.
• The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.

• You can check out UCO Bank personal loan eligibility and UCO Bank Personal Loan EMI calculator at loanbaba.com.

Features of Personal Loans at UCO Bank

1. For the loan up to Rs.2 lakhs, the borrower is not required to provide any collateral as security.
2. An individual can avail up to the maximum of Rs.10 lakhs as the loan.
3. Women can benefit with their personal loan as it offers allowance on interest rates.
4. 750/- or 1% of the total loan amount is the processing charge.

Why Apply for UCO Bank Personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by UCO Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

UCO Bank Personal Loan Interest Rates

Personal Loan UCO Bank interest rate (floating) ranges between 11.20% and 11.45%. Keep a check on this page to note the updated interest rate for UCO Bank personal loan.

UCO Bank Personal Loan Eligibility

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost UCO Bank personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for UCO Bank’s personal loan are discussed below:

• The applicant for personal loan ICICI needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
• He/she meet the requirement for credit score and should not be under too many debts.

Types of UCO Bank Personal Loans

UCO Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

UCO Bank Personal Loan FAQs

• addFAQs

  Below provided are important questions about personal loan UCO Bank.

  1. Which factors decide the interest rate UCO Bank personal loan?

  The loan repayment capacity, monthly income, loan tenure and the loan amount can play a major role in deciding the rate of interest attached to the personal loan.

  2. What are the other important things to know about personal loan UCO Bank?
  • Floating rate changes according to the change in the lending rate of the bank. Thus, EMI will change as per the new rate.
  • UCO bank provides personal loans to self-employed, businessmen, permanent employees, and pensioners.
  • The interest rate will go up when the repo rates goes up.
  • Security is needed to avail the UCO bank pensioner loan and UCO Bank Yatra Loan.
  3. Can I check online statement for personal loan account?

  Yes, you can check your personal loan account online statement for UCO Bank.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of UCO Bank.