UCO Bank Personal Loan Interest Rates

There are different types of UCO Bank personal loans for different needs, and they are-

The personal loan scheme meets personal loan needs, such as marriage, education, agricultural needs, and more employees of the government or private sector.

The amount of the Loan on this scheme is 20 times the gross monthly income for the government sector employees and ten times the gross monthly income for other sector employees. The tenure for this loan scheme ranges from a period of 7 years. 

The motive of the pension loan scheme is offered to the pensioners or family pensioners after they receive a pension through the UCO Bank to meet all of their expenses that are related to medical treatments, marriage, home improvements, payments, travel, funerals, and more.

The loan amount for this scheme is 12 times the monthly pension, and it has a repayment tenure of 4 years or until the pensioner attains the age of 75.

Here are the tables for the UCO personal loan interest rate 2024-

• Applicants must be full-time workers of the Central/State Government (Departments/Undertakings/Entities, autonomous organizations, Public Sector Undertakings, Educational Institutions/Aided Educational Institutions).
• Employees of private colleges, schools, and universities
• Monthly Salary: The minimum monthly net income should be Rs 10,000. However, it should not be less than 40% of gross earnings after tax, PF, other statutory deductions, EMIs for the proposed UCO Cash loan, employer loans, or any other loans.
• A family pensioner is the surviving spouse of a dead pensioner.
• Pensioners who do not have a family pension.
• Pensioners whose spouse has died.

• The PAN Card.
• Passport, Voter ID, Driving License, and Aadhaar are all acceptable forms of identification.
• Ration Card, Bank Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property Purchase Agreement (for owned properties), and Aadhaar Card are all acceptable forms of address evidence.
• Income documentation includes bank account statements, salary slips, profit and loss statements, and certified IT returns.

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