UCO Bank offers house loans starting at 8.40% p.a. for terms of up to 30 years and loan values of up to 90% of the property's purchase price. It also provides pre-approved house loans to select consumers even before the property is finalized, with in-principle approval valid for four months.
The interest rate you are offered is determined by the bank's creditworthiness classification and the amount of your home loan. Here is a list of UCO Bank home loan interest rates-
CIBIL Score |
Interest Rate |
Below 750 |
8.40% |
750 & above |
8.30% |
CIBIL |
Interest Rates |
Below 750 |
8.00% |
750 & above and LTV > and up to 90% |
8.00% |
750 & above and LTV less than 80% |
7.90% |
Loan Type |
Interest Rate |
UCO Home Loan Top-up |
10.10% p.a. |
Individuals (including NRIs and PIOs) between the ages of 21 and 70 (inclusive of payback time) are eligible to apply for the home loan scheme from UCO Bank to purchase their dream home.
Following are the documents required for UCO Bank Home Loans-
There are kinds of UCO Bank home loans provided for different reasons-
This is when the applicant has not yet finalized the property; an in-principle house loan sanction is made based on home loan eligibility. The pre-approval sanction is valid for four months.
This scheme is for the purchase/construction of a flat/house, the extension/repair/renovation of an existing house/flat up to 50 years old, and the purchase of a house/flat up to 40 years old, and the balance transfer of existing home loans at lower interest rates from other banks and HFCs.
This is an additional loan on an existing house loan to suit the borrower's numerous financial needs.