UCO Bank Home Loan Interest Rate

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-

• Top-Up Home Loan from UCO - 0.10% of the loan amount, up to Rs. 10,000.
• UCO Home - 0.5% of the loan amount, with a minimum of Rs.1,500 and a maximum of Rs.15,000.
• UCO Pre-approved Home Loan - 0.25% of the loan amount, with a minimum of Rs. 1,000 and a maximum of Rs. 10,000.

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-

• Filled out and signed the application form, which included photographs.
• Proof of identity, address, and age
• Salary slip for the last three months
• Bank statement over the previous six months
• Details on Form-16 and Income Tax Returns (ITR).
• The property's title documentation

• Completed and signed application form with images
• Proof of identity, address, and age
• ITR and financial statements (balance sheet, profit and loss account, and schedules). (Documents must be CA-certified.)
• Bank statement over the previous 12 months
• For partnership firms, the most recent partnership agreement.
• The Latest Memorandum and Articles of Association (CA certificate on profit sharing ratio/list of directors/shareholding partnership) for corporations.
• LLP stands for Limited Liability Partnership.
• Property title paperwork and verification of business address

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.