| Particulars | Details | ||||||||||||||||||||||||
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| Purpose | For setting up of Grid connected RTS (Roof Top Solar) plants & ground mounted elevated installations, for residential purpose only. a) Up to Rs.2.00 Lakhs b) Above Rs.2.00 Lakhs to Rs.6.00 Lakhs |
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| Eligibility Criteria |
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| Nature of facility | Term Loan | ||||||||||||||||||||||||
| Minimum & Maximum Loan Amount | Minimum: Rs.50,000/- Maximum: Rs.6.00 Lakh |
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| Credit Score Requirement | Credit Score Check will be conducted at the time of application of the loan. Minimum CIBIL Score of 680 required. In case the Applicant has no Credit history (-1 or 0) or Credit History is not sufficient to score in the range of 300-900, he/she is also eligible for loan. |
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| Margin | Up to Rs.2.00 Lakhs: 10% of the Project Cost Above Rs.2.00 Lakhs: 20% of the Project Cost |
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| Rate of Interest (Floating) | Loan up to Rs.2.00 Lakh: UCO Float Rate (8.05% at present) – 2.30% i.e. Effective rate = 5.75% p.a. with monthly rests. Loan above Rs.2.00 Lakh: For Individuals having home loan with our Bank: Applicable card rate for fresh home loan.
For Individuals not having home loan with our Bank: 1.00% over and above the applicable card rate* for fresh home loan. * Currently SD (Strategic Discount) is 0.95% p.a. at present. * Currently Minimum Interest of Home Loan starts from 7.15%. |
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| Repayment Tenor & Moratorium Period | Minimum - 6 months Maximum - 120 months Moratorium Period – max 6 (Including maximum Loan tenure) |
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| Security | No collateral security is required. | ||||||||||||||||||||||||
| CIBIL Charges | Rs.177/- Inclusive of GST per applicant | ||||||||||||||||||||||||
| Documentation/Processing Charges | Nil | ||||||||||||||||||||||||
| DDE Charge | Rs 42 Inclusive of GST | ||||||||||||||||||||||||
| Stamp Charge | As per State rate applicable | ||||||||||||||||||||||||
| Cooling off/ look-up period | Three days from the date of sanction/disbursement. | ||||||||||||||||||||||||
| Penal Charges | In case of default in repayment/delay in repayment/non-compliance of terms of sanction, penal charge on outstanding amount @ 2% + GST on yearly basis will be charged. Default charges to be calculated on daily basis for the entire period of irregularity. |
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| Documentation | Manual or E sign | ||||||||||||||||||||||||
| Repayment of Loan Instalment | Repayment of loan instalments will be through Auto Recovery mode. | ||||||||||||||||||||||||
| Disbursement | Eligible loan amount shall be disbursed by Branch. | ||||||||||||||||||||||||
| Point of Contact | For any query please contact Base Branch Customer Care: 1800 8910 For Technical issues Landline: 03344559409 / 03344559312 Email: digital.lending@ucobank.co.in |
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| Quick Links | RBI Sachet Portal | ||||||||||||||||||||||||
| Nodal Grievance Redressal Officer for FinTech/ Digital lending | Chief Manager, OSD & Transaction Monitoring Vertical, 1st Floor, 2 India Exchange Place, Kolkata 700001, Ph.:033 44557120. | ||||||||||||||||||||||||
| Website link of Nodal grievance redressal officer | Nodal Grievance Redressal Officer for FinTech/Digital Lending | ||||||||||||||||||||||||
| Link for online complaint lodgement | https://spgrs.ucoonline.in |
Last Updated On : 21/09/2026