UCO Bank Personal Loan

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 personal loans. No offers/services from UCO Bank are being provided by Paisabazaar for personal loans. For further information about UCO Bank for personal loans, users are required to reach out directly to UCO Bank.

UCO Bank Personal Loan Highlights
Interest rate	10.95%-13.95% p.a.
Loan Amount	Up to Rs 20 lakh
Tenure	For State/Central Government Employees: Up to 7 years For other than government employees: Up to 5 years For Pensioners: Up to 4 years
Processing Fees	1% of the loan amount (Minimum Rs 750)

Note: Rates as of 20 February 2025

UCO Bank Personal Loan Interest Rates

UCO Bank Personal Loan interest rates start from 10.95% p.a. Below-mentioned are the interest rates of UCO Bank Personal Loan based on the job profile and CIBIL score:-

Floating Interest Rates

UCO Cash Loan: For Central & State Government Employees

CIBIL Score	Interest Rates (p.a.)
Above 775	10.95%
750-774	11.20%
700-749	11.45%
650-699	11.95%
649 or below	12.95%

UCO Cash Loan: For Applicants not having a Salary Account with UCO Bank

CIBIL Score	Interest Rates (p.a.)
Above 775	11.20%
750-774	11.45%
700-749	11.70%
650-699	12.20%
649 or below	13.20%

UCO Cash Loan: For Applicants other than Government Employees

CIBIL Score	Interest Rates (p.a.)
Above 775	11.95%
750-774	12.20%
700-749	12.45%
650-699	12.95%
649 or below	13.95%

UCO Cash Loan: For Applicants other than Government Employees

CIBIL Score	Interest Rates (p.a.)
Above 775	11.95%
750-774	12.20%
700-749	12.45%
650-699	12.95%
649 or below	13.95%

UCO Pensioner Loan

Applicant Type	Interest Rate (p.a.)
General Public	12.85%

Fixed Interest Rates

Applicant Type	Interest Rates (p.a.)
For male applicants	12.35%
For female applicants	12.10%

UCO Pensioner Loan

Applicant Type	Interest Rate (p.a.)
General Public	12.50%

Compare Personal Loan Interest Rates of Various Banks/NBFCs

Banks/NBFCs	Interest Rates(p.a.)
Axis Bank	11.25% onwards	Apply Now
IndusInd Bank	10.49% onwards	Apply Now
IDFC First Bank	10.99% onwards	Apply Now
HDFC Bank	10.85% onwards	Apply Now
ICICI Bank	10.85% onwards	Apply Now
Kotak Mahindra Bank	10.99% onwards	Apply Now
Tata Capital	11.99% onwards	Apply Now
Federal Bank	12.00% onwards	Apply Now
DMI Finance	Up to 28%	Apply Now
L&T Finance	12.00% onwards	Apply Now
Kreditbee	16.00% - 29.95%	Apply Now
MoneyTap	13.00% onwards	Apply Now
Piramal Finance	12.70% onwards	Apply Now
Aditya Birla	10.99% onwards	Apply Now
Moneyview	14%-36%	Apply Now
Cashe	27.00% onwards	Apply Now

Also know the best bank/NBFC for personal loan

UCO Bank Personal Loan Fees and Charges

Processing Fee

 

Types of UCO Bank Personal Loan

UCO Cash

Purpose: Personal loan scheme for meeting the personal requirements like marriage, education, social obligations, agricultural needs, etc. of employees of Central/State government and private universities/colleges/school teaching staff

Loan Amount:

• For Central/State Government Employees-
  • Employees maintaining their salary accounts with UCO Bank- 20 times of gross monthly income subject to a maximum of Rs 20 lakh.
  • Employees not maintaining their salary accounts with UCO Bank-5 times of gross monthly income subject to a maximum of Rs 5 lakh.
• For other than government employees- 10 times of gross monthly income subject to a maximum of Rs 10 lakh.
• For non-salaried individuals- 5 times of gross monthly income subject to a maximum of Rs 5 lakh.

Tenure:

• For Central/State Government Employees- Up to 7 years
• For other than government employees- Up to 5 years
• For non-salaried- Up to 5 years

Processing Fee: 1% of the loan amount (minimum Rs 750)

UCO Pensioner Loan

Purpose: Pension loan offered to pensioners/family pensioners receiving pension through UCO Bank to meet the expenses related to medical treatments, marriage, education, home improvement, mediclaim premium payments, travel, funeral and agricultural needs of self and dependents

Loan Amount:

12 times of monthly pension subject to –

• Maximum Rs 10 lakh for age group up to 70 years.
• Maximum Rs 5 lakh for the age group above 70-74 years.

For family pensioners/pensioners without family pension provision/pensioners where the spouse has died before- 10 times monthly pension subject to a maximum of Rs 3 lakh.

Tenure:

• Up to 4 years, before the pensioner reaches 75 years of age
• For family pensioners/pensioners without family pension provision/pensioners where spouse has died before- Up to 4 years or before the pensioner reaches 72 years of age

Processing Fee: NIL

Eligibility Criteria for UCO Bank Personal Loan

For UCO Cash

• The minimum age of the personal loan applicants should be 21 years.
• Applicants of Central/State Government (Departments/Undertakings/Entities, Autonomous Bodies, Public Sector Undertakings, Educational Institutions/Aided educational institutions) are eligible for UCO Cash Personal Loans. In the case of Autonomous Bodies, the applicant should have completed at least 1 year in the same organisation and should be a permanent employee.
• Applicants working in Private Universities/Colleges/Schools Teaching Staff & employees of Ltd. & Private Ltd. Companies are also eligible for the personal loan. Stated below are the eligibility criteria-
  • The applicant should be a permanent and confirmed employee.
  • The minimum work experience should be 2 years in the same organisation.
  • The salary account of the applicant should be maintained with UCO Bank.
• Non Salaried applicants can also apply for personal loans, subject to the following income criteria. The bank may consider other income like rent, interest, dividend, etc. for calculating the eligible loan amount subject to documents submitted like IT Returns.
  • Gross monthly income up to Rs 1 lakh – The net take-home pay should be a minimum of 40% of gross salary (subject to a minimum monthly take-home pay of Rs 15,000).
  • Gross monthly income above Rs 1 lakh- 30% of gross salary.

For UCO Pensioner Loan

• Family Pensioner, i.e., the spouse of a deceased pensioner.
• Pensioners without the provision of family pension.
• Pensioners where the spouse is predeceased.

UCO Bank may also check credit score of its personal loan applicants, just like other lenders do while setting the personal loan eligibility criteria of their applicants.

Documents Required for UCO Bank Personal Loan

For UCO Cash

• PAN Card
• Identity proof: Passport, Voter ID, Driving License, Aadhaar
• Address proof: Ration Card, Bank Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
• Income proof: Bank Account Statement, Salary Slips, P&L Statements, Certified IT returns

For UCO Pension Loan

• Identity Proof (any one) – Voter’s Identity Card/PAN Card/Aadhaar Card/Passport/Driving Licence
• Address Proof (any one) – Voter’s Identity Card/Aadhaar CardPassport/Driving Licence/Ration Card
• Copy of pension payment order (PPO)
• Two Passport size photographs of applicant(s) and guarantor(s)
• Statement of Means of applicant(s) and guarantor(s)
• Additional documents, if any

EMI Calculation

UCO Bank Customer Care

• You can call on 1800-274-0123
• You can send an email to customercare.calcutta@ucobank.co.in
• You can also visit the nearest UCO Bank branch to get answers to your queries

Important Aspects

Following are some of the important aspects that need to be considered while applying for personal loan:

• Make sure you check your credit score before applying for a loan. Usually 750 and above is considered an ideal credit score for successful personal loan application

Also know: How can Step Up Credit Card Co-branded with SBM Bank India Ltd. help in improving/building your credit score

• Read the terms and conditions along with applicable charges and fees before you opt for a personal loan
• Compare personal loan through multiple options such as loan principal, rate of interest, loan tenure and others with different lenders
• Always check your monthly EMI before applying for a personal loan and choose the tenure wisely. If your EMI is too high, it increases your risk of default while too low an EMI increases your total interest pay out

FAQs

1. Can I choose between a fixed or floating rate for the personal loan?

Ans. UCO Bank offers personal loans at floating rates only.

2. Do you need any security or guarantors while applying for UCO Bank Personal Loan?

Ans. The applicants are not required to provide any security to UCO Bank while applying for UCO personal loan. However, the applicants availing UCO Pensioner Loan need to provide personal guarantee of spouse eligible to receive family pension in case of death of the pensioner. In case of war widows, a third party guarantee having sufficient income is provided to the bank.

3. At what minimum credit score can the applicants avail UCO Bank Personal Loan?

Ans. UCO Bank has not mentioned a cut-off credit score for its personal loan applicants. However, a credit score of 750 and above usually increases the chances of availing personal loan at lower interest rates.

4. I do not have a salary account with UCO Bank. Can I avail UCO Personal Loan?

Ans. To avail personal loan from UCO Bank, the applicants should have a salary account with the bank.