UCO BANK'S ATTRACTIVE LOAN SCHEMES

Being a Commercial Bank, giving Loans and Advances is among our primary activities. Apart from our participation in meeting both Term Loan and Working Capital requirements of Agriculture sector, Trade and Service sector, Large/Medium and Small Scale Industries sector, Infrastructure sector etc. including taking care of their Export/Import and non-fund based needs like Letter of Credit, Bank Guarantee etc., we have a fairly large basket of loan products specially designed to suit your personal needs. Salient features of some of the more attractive Personal Loan Schemes are described below.

UCO HOME

This housing finance scheme brings to you an excellent opportunity to have your own house or flat. The scheme has been carefully tailored to suit your requirements and match your capacity. The reasonable rate of interest that you pay will be calculated on reducing balance, i.e. you do not have to pay interest on the loan installments actually repaid from the date of such repayment.

Eligibility

You are eligible for a loan under UCO HOME individual (salaried/Non-salaried) having

Purpose

Purchase and construction of independent house/ready built flat for residential purpose.

Extension/Repair/Renovation of existing house/flat not more than 50 years old.

Takeover of home loans availed from other banks/FIs.

Quantum of loan

The area-specific maximum limits for construction/purchase are as under :

Maximum limits for Furnishing are Rs.5.00 lacs in Metro/Urban/Semi-Urban areas/ rural areas.

Loan Entitlement

Least of the Following:

1. 80% of the project cost.
2. Existing deduction +EMI should not exceed 60% of the gross income.
3. 60 times of net monthly income.

Processing Fee

0.5% of the loan amount maximum Rs. 15000/-

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No processing fees for take over loan.

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Repayment

The maximum period of repayment is 25 years/300 EMI but should not be beyond retirement age, in case of salaried class and 65 years in case of non-salaried class.

Security & Guarantee

• EMTD OF property financed.
• Guarantee of spouse if not co-applicant. In case of unmarried persons, guarantee of PF nominee
• No third party guarantee

Prepayment charge

No pre-payment charges are to be levied if loan is pre-paid from own source.

Tax Benefits

Tax relief on principal and interest components of this loan would be available as per provisions prevailing under Income Tax Act.

Insurance

Insurance cover on house property under Uco Griha Raksha Yojana scheme to cover the risk of damage to home by natural calamities.

For more details, please contact your nearest UCO Bank branch.

  UCO CAR

This is an easy finance scheme for purchase of a new car as well as second hand vehicle not older than 5 years and economic life of a vehicle should be taken as 8 (eight) years from the date of manufacture of the vehicle.

Eligibility

Salaried Borrower

Minimum monthly take-home pay would be Rs. 10000/- + EMI of the proposed loan.

Non-salaried Borrower

• Minimum income should be Rs. 2.40 Lacs per annum during the preceeding year.
• Minimum average income for 3 preceding years should be Rs. 1.50 lacs.
• Clubbing of income of spouse and major children for loan limit allowed. Likewise clubbing of income of regular earning parents is allowed for loan to major children.

Margin Requirements

Minimum Margin required 15% for new vehicle only.

Quantum of loan

  Maximum Loan Amount Rs. 25.00 lacs.

Repayment

Maximum 84 Equated Monthly Installments.

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Processing Charges

1% of the loan amount maximum Rs. 1500/-.

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     Click here to know about Double Dhamaka

Prepayment Charges

No pre-payment charges.

For more details please contact your nearest UCO Bank branch and Retail Loan Hubs.

UCO TRADER

It is a loan for financing working capital and Term Loan needs of Retail and Wholesale traders.

Eligibility

Existing enterprises engaged in business for at least 2 years and earning profit during the last 2 years.

New trading units as well as units which have not completed two years can be financed maximum upto Rs.10 lacs.

Borrower

Individual, Proprietorship, Limited Company (public/private) , HUF,Borrowing concern should deal exclusively with our Bank only.

Quantum of loan

Any Amount from Rs. 1 Lac to Maximum Rs 200 Lacs.

Credit Facilities

Fund Based:-Term loan upto Rs. 25 lacs for acquisition of Fixed Assets.

Non-Fund Based:-inland L/C-DP or DA with usance period not exceeding 90 days.

Margin

• No margin is required for Cash Credit in case of existing units & 20/25% for new units while computing drawing power
• Margin for Term Loan, LC & BG is 25%
• Application is simple; Balance Sheet is not required for limit up to Rs 10 lac and not compulsory for limit below Rs 50 lac subject to certain conditions.

Limits(Least of the followings)

• 60% on realizable market value of immovable property, and/or
• 90% on FDR (if limit is sought above 60% of project value,
• 85% on surrender value of LIC Policies, NSCs & Govt. Bonds(if it is sought as additional limit),

OR

20% of gross Annual sales(existing units) as reflected in last Sales Tax Assessment order/Sales Tax return/VAT Assessment Order or Return/Service Tax Assessment Order or Return/Declaration given by borrower, whichever is less.

Security

• Primary-Hypothecation of stocks, book debts & Fixed Assets for existing units making profit at least for last two years.
• Collateral Equitable Mortgage of Land & Building, Assignment of LIC policy, Lien ,Pledge/Assignment of KVP,NSC,Bank’s own FDR,Govt/RBI Bonds.

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Guarantee

• By owners of immovable properties offered as collateral security,
• By Karta & all major coparceners of HUF,
• By all partners of the firm(in case of partnership firm),
• By all Directors of the company (in case of Limited company)

Processing Charges- 0.50% of fund based limit, 0.25% of Non-Fund based limit.
  Maximum-Rs.20000/-.

EDUCATION LOAN

Click here to apply online Download UCO Education Loan Application Form - (pdf version)

Scope:

The scheme extends a helping hand to meritorious students desirous of pursuing higher study either in India or abroad.

Eligibility

Studies in India

Graduation courses leading to degrees like B.A., B.Sc., B.Com. etc.

Post Graduate courses leading to Masters degrees as also Ph.D.

Professional courses in Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer, etc.

Computer Certificate courses of reputed institutes accredited to Universities or DoE.

Courses like ICWA, CA, CFA, etc.

Studies Abroad

Graduation : Job oriented professional / technical courses offered by reputed Universities.

Post Graduation : MCA, MBA, MS, etc.

Courses conducted by CIMA – London, CPA in U.S.A., etc.

Age limit

For Graduation: between 18 & 25 years

For Post Graduation: between 21& 28 years

For SC/ST students: upto 30 years

Eligibility

• should be Indian National
• Must have secured admission in Regular/ Technical course through selection process.

Quantum of loan

Studies in India : Maximum Rs. 10.00 Lac

Security

Upto Rs.4.00 lacs – No security

Above Rs. 4.00 lacs & upto Rs. 7.50 lacs: collateral security in the form of a suitable 3rd party guarantee

Margin

Upto Rs. 4 Lac - Nil

Above Rs. 4 Lac Studies in India - 5%

Service Charge : There is no processing fee /no service charge

Disbursement

Disbursement in stages as per the requirement directly to institutions.

Interest Rates-

• Base Rate+3.00% for loan upto Rs. 4.00 lacs
• Base Rate+3.75% for more than Rs. 4.00 lacs

Repayment Period

The loan shall be repaid in 5-7 years after moratorium.

Repayment Holiday

Course period+ 1year or 6 months after getting job whichever is earlier.

1% interest concession may be provided, if the interest is serviced during moratorium period.

UCO CASH

This is a Personal Loan scheme to meet the domestic needs like marriage, medical, traveling and other social obligations.

Eligibility

A permanent employee in Govt. / Semi-Govt. / Reputed  Public / Private Ltd. Co. /College / Universities / other recognized institutions / PSU and have completed minimum 3 years in the organization having salary tie-up arrangement with our branches. Net take home pay should not be less than 40% of gross salary after deduction of PF, IT and other statutory deductions including proposed EMI. Regular income may also be reckoned for eligible quantum.

Quantum of loan

90% of the proposed expenditure or Rs. 2 Lacs whichever is lower. Additional amount may be sanctioned within the quantum ceiling to the existing eligible borrowers.

Security

Loan will be on clean basis with two guarantors – Spouse and other than Spouse having equal income with that of the applicant.

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Repayment

The loan amount with interest is repayable in 48 EMIs for men and 60 EMIs for women through salary deduction of employee borrower, but one year before retirement.

Service Charge : 1% (minimum Rs.750/-)

For more details, please contact your nearest UCO Bank branch.

UCO RENT

This is a loan against the security of future receivables i.e. assignment of future rent receivable, for productive purposes e.g. augmenting earnings like investing in securities, undertaking repairs & renovation of the property, etc.

Eligibility

Owners i.e. lessors of houses/flats/godowns/warehouses etc. only are eligible under the scheme. The owner may be an individual, a firm or a company. Properties belonging to cooperative societies are not considered for sanction of loan under the scheme.

Quantum of loan

Maximum 80% of the total rent receivable during the unexpired period of lease less tax deduction at source.
Minimum Rs. 1 Lac

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Repayment

The repayment period can be extended upto a maximum period of 84 months.

Processing fee

1. Fresh Sanctions : 1% of the sanctioned loan amount.
2. Review on run down Balance: Rs.225.00 per lac, Min.Rs.250.00, Max. Rs.56000.00

For more details please contact your nearest UCO Bank branch.

UCO MORTGAGE

Under the scheme credit facilities are considered upto 60% value of the property located in metro/urban/semi-urban centers to meet financial needs of government employees, employees of schools, colleges, PSU, reputed corporate business enterprises, professionals and businessmen with regular source of income and filing IT return against mortgage of their immovable property with clear Title.

Eligibility

• Maximum age limit of the borrower should be 65 years on the date of application.
• Loans can be sanctioned in the form of only as term loan.

Quantum of loan

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Repayment

Salient Features

• While determining repayment capacity, income of spouse can also be taken. In that case loan should be in joint names.

• The condition of maintaining 40% of net take home is applicable to both Salaried and non-salaried person. In case of non-salaried person, their annual Gross Income, as per IT Returns, is to be divided by 12 to arrive at Monthly Gross Income. Like Salaried persons, their NET monthly income after all deductions including monthly installment of proposed Term Loan  should not be less than 40% of their Gross monthly income.

• If credit facility is granted against building/flat/apartment, the same should not be more than 30 years old.

For more details, please contact your nearest UCO Bank branch.

UCO SECURITIES

Under the scheme credit facilities are extended to borrowers against financial securities issued by Central Govt./State Govt./RBI in the form of National Savings Certificates, Kisan Vikas Patra, Govt. Securities and Relief Bonds. Loans are also sanctioned against Life Insurance Policies of Life Insurance Corporation of India and bonds/debentures issued by specific Public Financial Institutions.

Eligibility

• The securities should be in the name of the borrower or any one of the joint borrowers.
• The securities should be transferable and can be assigned/pledged in favour of the Bank.

Quantum of loan

It will be determined on the basis of discounted face value/maturity value/surrender value of the transferable security at 13.50% (BPLR -1.00%).

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Repayment

For more details, please contact your nearest UCO Bank branch.

  UCO REAL ESTATE

Under the scheme advances are extended to the Promoters/Developers of real estate who should be well established and experienced in their line of activities at least for a period of three years. Cooperative Societies are not eligible to be borrowers under the Scheme.

Eligibility

Only builders of repute, integrity and excellent track record and professionally managed are eligible for such finance. They must have at least 3 years experience in the line and must have successfully completed 2-3 projects. The financial position of the builders/developers as per last audited balance sheet must be satisfactory. Financing would be subject to commercial viability and sufficient cash generation to repay the loan.

Pre-requisites

a. Details of the project cost and means of finance

b. Profitability statement

c. Annual Cash Budget for the duration of the loan showing monthly/quarterly cash inflows of the specific project along with repayment schedule

d. Audited financial statements for the last 3 years, the current year's estimate and projections for next 3 years or till the completion of the project

e. Original Title Deed of the land, detailed estimate of the proposed construction from a Chartered Engineer/Architect and permission from the competent authority of the property in case it is falling under Urban Land Ceiling Act

f. Documents like non-encumbrance certificate, certified copy of R.S. Parcha, current, renew/Municipal receipts, Lawyer's opinion on ownership and marketable title and sanctioned plan.

g. The Bank should enter in to a legally vetted tripartite agreement with promoter and buyer that should ensure among other covenants adherence to National Building Code (NBC).

  Quantum of Loan

The quantum of advance will be assessed on the basis of peak level deficit projected in the Cash Flow Statement in the Budget, as submitted by the borrower applicant.

Security:

(a) Primary: The land and building to be constructed on the land shall form the primary security. The value of primary security should be adequate to cover the Bank finance.

(b) Collateral: Collateral in the form of equitable/registered mortgage of other land and building of adequate value of promoter/ guarantor may be taken.

Margin- 25% (minimum)

Insurance-Building to be comprehensively insured against fire, riot and other damages with Bank's clause.

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  Processing & Up-Front Fees

1. Processing fees
   
   1. Fresh Sanctions : 0.80% on the amount of loan applied for along with the application. 1.20% processing fee of
       the sanctioned loan amount.
   2. Review of TL on run down Balance : Rs.125.00 per lac, Min. Rs.250.00, Max. Rs.56000.00
   3. Renewal of CC/WC : Rs.395.00 per lac or part thereof Min.Rs.700.00

2. Upfront fee will be 1% of loan amount sanctioned

  Delivery of Credit

The credit /quasi credit requirement of the Construction company by way of cash credit/overdraft/short term loans linked to each specific project for a maximum period covering the period of construction plus 12 months will be considered on merit. Bid bond, Bank Guarantee for raising mobilization of advance, performance guarantee and guarantee for release of retention money etc. will also be considered on merit. Disbursement will be in phases depending upon the progress of work as certified by Chartered Engineer/Architects.

  Repayment

Repayment is to be made in one or two installments after completion of the project and sale of the flats. Sales realizations in one Project should not be diverted to another Project.

For more details, please contact your nearest UCO Bank branch.

UCO PENSIONER

Short Term loan is extended through this scheme to Pensioners who receive pension through our Branches. War widows drawing family Pension are also eligible.

Purpose

• For meeting medical expenses for self and dependants.
• Payment of mediclaim premium.
• Meeting marriage expenses.
• Educational and traveling expenses.
• Repairs/renovation of dwelling house.
• Funeral expenses.

Quantum of loan

10 times of monthly pension subject to maximum of Rs. 1,00,000/-(Maximum Rs. 1,50,000/- where Family Pension is admissible)

Processing Charges

There is no processing charge or service charge.

Rate of Interest

• Base Rate + 4.20%

Repayment

• In 12 to 24 monthly installments after one month from the disbursement, may be extended to 36 months.
• Repayment should be so fixed that the loan is fully repaid before the pensioner reaches 70 years of age.

Repayment

No pre-payment charge is levied.

Guarantee

Personal Guarantee of spouse eligible to receive family pension in the even of death of the pensioner.

 For more details please contact your nearest UCO Bank branch

UCO TWO WHEELER SCHEME

This is an easy finance for purchase a new two wheeler.

Income Criteria

• Salaried borrower

  • Minimum gross salary of Rs.8000/-p.m
  • Minimum take home income of 40% after taking into the account of EMI of the proposed loan.

• Non-salaried borrower

  • Minimum income of Rs. 1.00lac p.a(Rs. 1.50 lacs p.a for purchase of feature rich vehicles)

Age Criteria

• Salaried Borrower : 21 to 55 years
• Non-Salaried Borrower : 21 to 60 years

Amount of Loan

Maximum Loan Amount Rs.60000/-(May be enhanced to Rs.1.00 lac for feature rich vehicles).

Processing Charge

• 1.00% of the loan amount with Minimum Rs.500/-

Margin – 10%

Repayment

•  Maximum 48 Equated Monthly Installments.

Rate Of Interest

• For General category – Base rate + 4.25%
• A/C with full liquid security – Base Rate +3.25%
• A/C with 50% liquid collateral security – Base Rate + 3.75%

Accounts with full liquid collateral security

1.00% interest Rebate

Accounts with 50% liquid collateral security

0.50% interest Rebate

Prepayment Charges

No pre-payment charges.

For more details please contact your nearest UCO Bank branch.

UCO EARNEST MONEY DEPOSIT LOAN SCHEME

Loan scheme for financing for Earnest Money Deposit for booking housing plots/flats offered by various Urban/Metropolitan Development Authorities & Housing Boards.

Eligibility

Indian residents having regular documented source of income. Minimum 21 years of age Singly/Jointly as permitted by State Housing Boards/Urban Development Authority/Metropolitan Development Authority. The facility is to be allowed to only those applicants who fulfill all the eligibility criteria under UCO Shelter Scheme.

Amount of Loan

Maximum not to exceed 80% of the EMD.

Processing Charge

Rs. 300.00 upfront per application

Margin - 20%

Interest Rates - 9.00% (Fixed)

Prerequisites-

• Letter of undertaking to be obtained from SHB/UDA/MDA of having noted Bank's lien and refund the amount through UCO Bank in case of unsuccessful applicants
• In case of allotment of plot, housing loan under UCO Shelter can be availed by the applicants. In such case the loan for EMD shall be adjusted against the loan granted for purchase of land and construction of house thereon.

Repayment- 24 monthly installments

UCO SWABHIMAN - REVERSE MORTGAGE LOAN MORTGAGE LOAN SCHEME FOR SENIOR CITIZEN

Bank introduces UCO Reverse Mortgage Loan Scheme for Senior Citizens, under Reverse Mortgage a Senior Citizen, owning a house/flat, can avail of a monthly stream of Income against the mortgage of his/her property while remaining the owner and occupying the house throughout his/her lifetime, without repayment or servicing of the loan.

Interest Subsidy Scheme for Housing the Urban Poor (ISHUP)

'Affordable Housing for All' is an important policy agenda of the Government of India. Accordingly The Cabinet Committee for Economic Affairs has approved an Interest Subsidy Scheme for Housing the Urban Poor in order to ameliorate the living conditions of Economically Weaker Section/LIG population in urban areas. Primary objective of the scheme is to provide interest subsidy support.

Objective:

The key objective of the scheme is to enable Economically Weaker Sections (EWS) and Low Income Group (LIG) households to avail affordable housing loans for purchase of house/construction of new house.

Definition:

a) EWS- Economically Weaker Sections are those households having monthly income upto Rs.3300/-

b) LIG- Low Income Groups are those households having monthly income between Rs.3301/- to Rs. 7300/-

Target Group:

Individuals /NGOs for on lending to their group members. Preference will be given to SCs, STs, Minorities, Person with disabilities and Women beneficiaries in accordance with their proportion in the total population of city/urban agglomerate during the 2001 census.

Applicants planning to form cooperative group housing societies or organizations like Employees Welfare Housing, Labour Housing, etc. should be given preference and whenever possible construction of houses by such cooperatives by way of 1+3 storied buildings should be promoted so that cost of land is shared among beneficiaries. However, this is not a mandatory requirement. Both individuals as well as group Housing borrowers are equally eligible under the scheme.

Target Borrower:

Identification of beneficiaries will be undertaken by Urban Local Bodies or Local Nodal Agencies and they will assist the borrowers in paper works and procedure of bank loan. However the borrower would be free to approach and negotiate a loan under the scheme directly with the bank branch.

Preference:

Preference will be given to Scheduled Caste, Scheduled Tribe, Minorities, Person with disabilities and Women beneficiaries in accordance with their proportion in the total population of the city/urban agglomerate during the 2001 census

Stipulations:

The ultimate beneficiaries should not own a house in his/her name or in the name of his/her spouse or any dependent child. But such beneficiaries should own land in his name in case of application for construction of new house.

Area of operation:

Urban area. Zonal Offices will be advised to submit us a list of branches at urban area for implementation of the scheme.

Nodal Agency:

NHB and HUDCO were selected by the Government of India to act as intermediary financial institutions that would be responsible for administering the subsidy. Before implementation the Bank has to sign a MOU with any of the two organizations. We have signed MOU with NHB.

Loan amount:

a) EWS- Maximum loan of Rs.1 lac ( Rs one Lac Only) for a house of at least 25 sq mts.

b) LIG- Maximum loan of Rs.1.60 lac( Rs one Lac sixty thousand Only) for a house of at least 40 sq mts. However subsidy will be available for loan upto Rs. 1 lac only.

Disbursement:

Disbursement will be made on a phased manner depending upon the progress of construction. Branch will monitor the construction of the dwelling units financed under the scheme, including the approvals for the building design, infrastructure facilities etc. as also the quality of the construction and verify through site visits etc. the expenditure incurred upto different stages of construction. In case of construction disbursement may be done by debiting the respective loan account and crediting the savings bank account of the borrower. However in case of purchase of a ready built house the payment should be made directly to the vendor by issuing Demand Draft/ Pay Order as the case may be by debiting the loan account of the borrower.

Rate of Interest:

Interest @8.50% p.a. for first 5 years with a provision to reset after 5 years from the date of drawal of first installment for all loan under the scheme.

Sanctioning Authority:

All the loan applications under the scheme will be processed and sanctioned at the Retail Processing Centres at Zonal Offices and in case there is no Retail Processing Centres at any Zonal Office, at the branches identified by the respective Zonal Office. On receipt of the sanctioned proposals the branch will disbursed the loan following all the stipulation noted by the Retail Processing Centres at Zonal Office/Processing Cell.

However before sanctioning any loan it should be ensured that the borrower have sufficient repaying capacity based on the average monthly income of the applicant for last three years and monthly family expenditure depending upon the size of family.

Pre-payment charges:

There will be no pre-payment charges for any loan sanctioned under the scheme.

Subsidy:

The subsidy will be 5% p.a. on interest charged on the admissible loan amount for both EWS and LIG, over the full period of the loan for construction or acquisition of a new house.

The Net Present Value (NPV) of the subsidy will be arrived at on the basis of notional discount rate of 9% p.a. (equivalent to Government Security rate) for the period of the loan and on the interest chargeable at the time the loan is contracted.

The subsidy will be credited upfront to the borrowers account and interest will be calculated on the net amount of loan at the agreed rate of interest.

Procedure for claiming Subsidy:

Participating branches will claim interest subsidy for the entire period of any loan disbursed during the quarter to Head Office, Priority Sector Department through their respective Zonal Offices.

Branches should submit their claim within 3 days of close of a quarter to their respective Zonal Offices and the Zonal Offices in turn will submit it to Head Office, Priority Sector Department within 7 days of close of a quarter.

Repayment:

Loan will be repaid in 180 to 240 EMI depending upon the income of the borrower. However branches may prefer for 20 years repayment, to get full benefits of Interest Subsidy and lower EMI.

Equated Monthly Installments (EMI )

Loan will be repaid as per following EMI Chart

Particulars	Table-1		Table-2
Loan Amount	Rs.1,00,000=00		Rs.1,60,000=00
Rate of Interest	@8.50% ( Fixed )		@8.50% (Fixed )
Terms of Repayment	180 months	240 months	180 months	240 months
Subsidy per borrower	Rs. 45,443=00	Rs.63,693=00	Rs. 45,443=00	Rs.63,693=00
NPV of Subsidy	Rs.29,112=00	Rs.35,458=00	Rs.29,112=00	Rs.35,458=00
EMI	Rs. 698=00	Rs. 560=00	Rs.1,289=00	Rs.1,081=00

Security:

a) Primary- Mortgage of the dwelling house

b) Collateral/Third Party Guarantee: NIL

Documents:

Loan Application form duly vetted by urban local bodies along with the following;

• Income certificate issued from the ULB

• Copy of the land Records

• Copy of updated payment receipt of Government revenues

• Non-encumbrance Search Certificate.

Process Note

A declaration from the borrower having been understood the impact of Fixed/Floating Rate of Interest.

Supervision:

It should be ensured that the housing unit is completed within one year period from the start of construction. On a half yearly basis a certificate of utilization of subsidy and also a certificate in relation to the progress of the construction leading up to the completion of the housing unit have to be submitted. Branch will have to submit a certificate on completion of the housing unit.

Processing Charges:

There will be no processing charges for any loan sanctioned under the scheme.

Classification:

All loans sanctioned under the scheme will be classified as Priority Sector Advance under Sub category – Housing

UCO DOCTOR

Facility

Term Loan/Cash Credit.

Eligibility

Individuals, Prop/Partnership firms, Pvt Ltd Cos. Engaged in providing Human medical services to the society, Applicants, promoters, should have a recognized medical degree.

Doctors: minimum practice for 3 years.
Medical unit: existing minimum for 3 years and earning profit.
DSCR: 1.25 for both category of borrowers.

Limit

Maximum

Rs. 50.00 lacs – For Metro/Urban

Rs. 15.00 lacs – For Rural/Semi-Urban

Collateral

Upto Rs. 5 lacs : Nil, the exposure shall be covered under CGTMSE guarantee scheme.

Above Rs. 5.00 lacs to be fully secured by collateral security but no collateral security insisted upon if fully covered under CGTMSE but with permission from Zonal Manager.

Rate of Interest

Br + 3.60%

0.50% concession if covered by 100% collateral.

Margin

Upto Rs. 5.00 lacs: 25%

Other: 15% of the project/equipment cost.

Working Capital: Nil

Processing Charges

1% of the loan amount (Minimum Rs. 1000/-)

Tenor of the Facility

Term Loan : 60 months including 6 months moratorium.

Working Capital : 12 months subject to annual review/renewal.

For more details, please contact your nearest UCO Bank branch.