Digital Dairy Loan Scheme
| Particulars | Details |
|---|---|
| Purpose | Purchasing of Milch Cattle. |
| Who are eligible? |
|
| Age | Minimum: 18 years Maximum: 65 years |
| Quantum of Loan | Minimum Loan – Rs. 25,000 Maximum Loan – Rs. 2,00,000 |
| Repayment period | Maximum tenure shall be 60 months or until the customer attains the age of 65 years during the loan tenure, whichever is earlier. |
| Processing ,cibil and documentation charges | • Processing Up to Rs.25000 – NIL Above Rs.25000 and up to Rs.2 lakh – 1% of limit sanctioned, minimum Rs.600/- • Documentation Charge-NIL • Cibil Charges-Rs.177/- (Including GST) |
| Fin-tech Charge | 598.82 (If customer has not provided PAN card in application) 608.82 (If customer has provided PAN card in application) |
| Rate of interest | MCLR+1 % presently 9.95 % P.A |
| Other Salient Features | Cooling-off period of 3 days from date of sanction /disbursement |
| How to access this digital journey | This end to end digital journey may be accessed through desktop or mobile phone, using the link available in UCO Bank Website. |