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UCO Bank offers personal loan that can be used to meet various personal expenses such as marriage, travel, home renovation, purchase of consumer durables and more. Availing UCO Bank Personal Loan is easy and requires minimal documentation. In the following sections we will discuss in detail about the various documents required to avail a UCO Bank personal loan.
UCO Bank Personal Loan Documents Required
Here is the detailed list of documents required to avail UCO Bank Personal Loan for all applicants:
- Photo Identity Proof: A copy of your Passport / Voter ID / Aadhaar Card/ Driving License, etc. (Any one)
- Address Proof: A copy of your Electricity Bill / Ration Card / Passport (Any one)
For Salaried Applicants
The following documents are required only if you are a salaried applicant
- Salary slips for last 3 months
- Income Proof: Latest 3 months’ bank statement of salary account
- Employment Certificate: A certificate stating one year of continuous employment with current organisation
For Self-Employed Applicants
The following documents are required only if you are a self-employed applicant
- Last 6 months’ current account bank statements
- Proof of business continuity, certificate of registration, etc.
- Acknowledged IT returns for past 2 years, Certified Profit and Loss statement
Important Aspects
Here are some of the important aspects that need to be considered when availing a personal loan:
Maintain a good credit score: In order to avoid in being in a bad books of credibility, it is required to maintain good credit score. Customers are required to maintain credit score close to 900 which helps in gaining a higher chance of approval of personal loan.
Do not apply for multiple loans at the same time: Applying for multiple loan applications may lead to lower chances of loan approval which ultimately affects the hard enquiries of your credit report.
Know the loan eligibility criteria: Make sure you know your eligibility criteria to avail UCO personal loan and fulfil the requirement.
FAQs
Q. What is the interest rate of UCO Bank Personal Loan?
Ans. UCO Bank personal loan interest rate starts from as low as 10.95%.
Q. What is the processing fee to avail UCO Bank personal loan?
Ans. UCO Bank personal loan processing fee can range up to 1% of the loan amount.
Q. What is UCO Bank personal loan tenure?
Ans. Loan tenure of UCO Bank personal loan is up to 60 months.
Q. Where can I apply for UCO Bank personal loan?
Ans. You can apply for UCO Personal Loan either online or can visit the nearest branch of UCO Bank.
Q. What is the customer care number of UCO Bank?
Ans. Customers can call customer care number 1800-274-0123 to get their queries resolved regarding any banking and non-banking activities.