| 1 |
Who are eligible? |
- Savings Account Customers:
- KYC compliant individual account with valid PAN and Aadhaar.
- Account more than 12 months old
- Age of the account holder should be 21-60 years.
- Non - SMA-1/SMA-2 accounts at time of data
- updation; No history of NPA in past 12 months
- No history of restructured loan accounts.
- Consistent credit > Rs.35,000/28000 - for any 9 out ofthe past 12 months.
- MAB of Rs.10,000/- in last 12 months.
- UCO Suvidha Salary Account Customers:
- KYC complaint account with valid PAN and Aadhaar.
- Regular salary credits in each of the past 6 months.
- Age of the account holder should be 21-60 years.
- Non-SMA-1/SMA-2/NPA in the past 12
- Minimum net annual income should be > Rs.4 lakh.
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| 2 |
Amount of loans |
- Minimum: Rs.1 lakh
- Maximum: Rs.20 lakh (Rs.10 lakh for New to Credit
- customers i.e. with CIBIL score of -1,0)
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| 3 |
Repayment period |
- Minimum – 6 months ; Maximum – 84 months
- Moratorium – Nil
- Repayment to commence from the next month of disbursement of the loan.
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| 4 |
Processing and documentation charges |
- Processing & Documentation charges-Nil
- Cibil Charges-Rs.177/- (Including GST)
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| 5 |
Rate of interest |
- CIBIL 775 and above - UCO Float Rate (8.80%) –
- 0.60% p.a. i.e. presently 8.20% p.a.
- CIBIL 750 to 774- UCO Float Rate (8.80%) – 0.50%
- p.a. i.e. presently 8.30% p.a.
- CIBIL 700 to 749 - UCO Float Rate (8.80%)- 0.40%
- p.a. i.e. presently 8.40% p.a.
- CIBIL 0,-1 - UCO Float Rate (8.80%) – 0.30% p.a.
- i.e. presently 8.50% p.a
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| 6 |
Other Salient Features |
- Cool off period of 3 days from date of sanction/
- disbursement
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| 7 |
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.
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