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Disclaimer: UCO Bank is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to UCO Bank for home loans. No offers/services from UCO Bank are being provided by Paisabazaar for home loans. For further information about UCO Bank for home loans, users are required to reach out directly to UCO Bank.
| UCO Bank Home Loan Highlights | |
| Interest Rate | 8.45%– 10.30% p.a. |
| Loan Tenure | Up to 30 years |
| Loan-to-Value Ratio | Up to 90% of the property value |
| Processing Charges | 0.50% of the loan amount (Min. Rs 1,500 and Max. Rs 15,000) |
Note: Rates as of 11th December 2024
Apply for Home Loan at Attractive Interest Rates Click Here
| Table of Contents |
UCO Bank Home Loan Interest Rates
UCO Bank Home Loan interest rates start from 8.45% p.a. onwards. The lender offers differential interest rates depending on the CIBIL score, job profile and type of home loan scheme.
UCO Home
For Government Employees
| CIBIL Score | Interest Rate (p.a.) |
| 800 & above (direct)
(LTV up to 80% and LTV 80%-90%) |
8.45% |
| 800 & above (DSA)
(LTV up to 80% and LTV 80%-90%) |
8.55% |
| 750-799 (LTV up to 80%)
(LTV 80%-90%) |
8.65%
8.75% |
| 700-749 (LTV up to 80%)
(LTV 80%-90%) |
8.85%
8.95% |
| 650-699 (LTV up to 80%)
(LTV 80%-90%) |
9.45%
9.55% |
| Up to 649 (LTV up to 80%)
(LTV 80%-90%) |
10.20%
10.30% |
For Other than Government Employees
| CIBIL Score | Interest Rate (p.a.) |
| 800 & above (direct)
(LTV up to 80% and LTV 80%-90%) |
8.55% |
| 800 & above (DSA)
(LTV up to 80% and LTV 80%-90%) |
8.65% |
| 750-799 (LTV up to 80%)
(LTV 80%-90%) |
8.75%
8.85% |
| 700-749 (LTV up to 80%)
(LTV 80%-90%) |
8.95%
9.05% |
| 650-699 (LTV up to 80%)
(LTV 80%-90%) |
9.45%
9.55% |
| Up to 649 (LTV up to 80%)
(LTV 80%-90%) |
10.20%
10.30% |
UCO Overdraft Home Loan
| CIBIL Score | Interest Rate (p.a.) |
| Above 750 | 9.80% |
| Up to 750 | 9.90% |
UCO Top-up Home Loan
| CIBIL Score | Interest Rate (p.a.) |
| Up to 750 | 10.30% |
| 700-749 | 10.50% |
| 650-699 | 11.00% |
| Up to 649 | 11.50% |
Compare Interest Rates on Home Loans for Top Banks & HFC’s
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Check Eligibility |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| LIC Housing Finance | 8.50% - 11.25% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Check Eligibility |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Check Eligibility |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Check Eligibility |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Check Eligibility |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Check Eligibility |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Check Eligibility |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Check Eligibility |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Check Eligibility |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Check Eligibility |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Check Eligibility |
UCO Bank Home Loan Processing Fees and Charges
| Particulars | Applicable Charges |
| Processing Fee |
|
| Prepayment Charges | Nil |
| Documentation Charges | Nil |
| CIBIL – Report Pulling Charges | Nil |
| Inspection Charges | Nil |
Know more about the home loan processing fees charged by top banks and HFCs
Types of UCO Bank Home Loan Schemes
UCO Home
Purpose: UCO Bank offers regular home loan scheme for purchase/construction of flat/house, extension/repair/renovation of existing house/flat up to 50 years old, plot purchase for residential purpose and purchase of house/flat up to 40 years old. Consumers can also avail UCO Home Loan scheme to purchase flat in a registered Co-operative Society/from builders or developers/from Urban or Municipal Development Authority/from Government bodies. UCO Home Loan scheme also facilitates transfer of existing home loans from other banks and HFCs to UCO Bank at lower interest rates.
Loan Amount:
- For purchase/construction/takeover/extension: No upper limit
- For repair/renovation: Up to Rs 50 lakh
LTV Ratio:
| Loan amount up to Rs 30 lakh | 90% |
| Loan amount Rs 30 lakh-Rs 75 lakh | 80% |
| Loan amount above Rs 75 lakh | 75% |
Tenure: Up to 30 years or up to 75 years of age of the borrower
Apply for Home Loan at Attractive Interest Rates Click Here
UCO Pre-Approved Home Loan
Purpose: UCO Bank provides UCO Pre-approved Home Loan scheme for in-principle sanction of home loan based on the home loan eligibility of the applicants even before the applicant has finalized the property. The pre-approved sanction remains valid for 4 months.
Loan Amount:
- For purchase/construction/takeover/extension: No upper limit
- For repair/renovation: Up to Rs 50 lakh
LTV Ratio:
| Loan amount up to Rs 30 lakh | 90% |
| Loan amount Rs 30 lakh-Rs 75 lakh | 80% |
| Loan amount above Rs 75 lakh | 75% |
UCO Top-up Home Loan
Purpose: UCO Bank offers Top-up Home Loan scheme to its existing home loan borrowers, over and above the existing home loans, to meet their various financial needs related to education, repair, renovation, home furnishing, agriculture, business, etc.
Loan Amount:
- Term Loan: Rs 1 lakh-Rs 2 crore
- Overdraft: Up to Rs 2 lakh or 10% of original housing loan
Tenure: Co-terminus with the original home loan or before the borrower reaches 75 years of age
Eligibility Criteria for UCO Bank Home Loan
- Minimum age at the time of loan application: 21 years
- Maximum age at the time of loan maturity- 75 years
- Nationality- Resident Indian, NRI, PIO
For UCO Top-up Home Loan
- Existing home loan borrowers can avail Top-up Home Loans
- There should be no overdue in the existing home loan account
- Top-up Home Loans are offered only for fully constructed properties
- Valid mortgage created in favour of the bank
Check your Home Loan Eligibility with Top Banks & HFCs Click Here
UCO Bank Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Apply for Home Loan at Attractive Interest Rates Click Here
FAQs on UCO Bank Home Loan
1. How is UCO Bank Home Loan eligibility determined?
Ans. The eligibility of home loan applicants is determined on the basis of their income and repayment capacity.
2. Can I choose between fixed and floating rates from UCO Bank home loan?
Ans. UCO Bank offers home loans at floating rates only.
3. If the plot of land is in the name of the wife who does not earn, but husband is an earning member. Will the home loan be granted to them?
Ans. Yes, in such cases home loan can be jointly availed by husband and wife, where husband will be the main applicant and wife will be the co-applicant.
4. What is the minimum credit score required to avail home loans from UCO Bank?
Ans. UCO Bank has not specified the cut-off credit score for home loan applicants. However, UCO Bank offers lower interest rates to applicants having higher credit scores. For instance, home loan applicants having credit scores of 750 and above are offered lowest home loan interest rates followed by those having credit scores below 750.
5. What are the different modes of EMI payment available for UCO Bank home loans?
Ans. EMI payment can be made from your own savings account/current account maintained with the bank through E-banking/M-banking/giving instructions to the branch. If the savings bank account is maintained with another bank, then you can get ECS mandate registered with UCO Bank for automatic deduction of home loan EMIs from that bank.
6. Can I prepay my home loan availed from UCO bank?
Ans. Yes you can prepay your home loan availed from UCO Bank. The bank does not levy any prepayment charges on home loans at floating rates.