STP UCO Suryodaya Scheme 1

Particulars Details
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
Eligibility Criteria
  1. Existing savings account holders, who have applied for Suryodaya Loan through JanSamarth Portal, with a valid application ID. Age of the customer must range from 21 Years to 75 Years (including repayment period).
  2. Status of the linked savings account must be Active. No other linked loan account must be categorized as SMA-1, SMA-2 or NPA. For loan amount more than Rs.2.00 Lakhs, minimum net income of Rs.3 lakh as per latest ITR filed.
  3. For New to Bank customers, savings account to be opened mandatorily before sanction of the loan & formalities to be completed during site inspection by branch officials.
Nature of facility Term Loan
Minimum & Maximum Loan Amount Minimum: Rs.50,000/-
Maximum: Rs.6.00 Lakh
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.
Margin Up to Rs.2.00 Lakhs: 10% of the Project Cost

Above Rs.2.00 Lakhs: 20% of the Project Cost
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.

CIBIL Score Card Rate Effective Rate of Interest
≥850 UFR + 0.05% - SD 7.15%
≥825 and ≤849 UFR + 0.15% - SD 7.25%
≥800 and ≤824 UFR + 0.25% - SD 7.35%
≥750 and ≤799 UFR + 0.45% - SD 7.55%
≥700 and ≤749 UFR + 0.75% - SD 7.85%
0, -1 or < 300 UFR + 0.3% 8.35%
≥650 and ≤699 UFR + 0.80% 8.85%

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%.
Repayment Tenor & Moratorium Period Minimum - 6 months
Maximum - 120 months
Moratorium Period – max 6 (Including maximum Loan tenure)
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.
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
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