UCO Bank Loans

UCO Bank is a leading Indian nationalized, commercial bank, with its headquarters at Kolkata. UCO Bank Loans cover a wide category. Term loans, Bank Guarantee, Agricultural working capital financing, loans for services and trade category, Letters of Credit and financing options for the industrial sector are some loans from the UCO bank, to name a few. UCO Bank Loans include the following.

UCO Shelter
UCO Car
UCO Trader
Education Loan
UCO Cash
UCO Rent
UCO Mortgage
UCO Securities
UCO Real Estate
UCO Nari Shakti
UCO Shopper
Hirak Jayanti Krishi Yojana
UCO Pensioner
UCO EMD Loan
UCO Swabhiman , which is a Reverse Mortgage Loan meant for Senior Citizens

UCO Bank Home Loans

UCO Shelter is a UCO Bank Home Loan. The loan offers reasonable interest rates, which are calculated on the basis of reducing balance. This loan is meant for Indian citizens. The loan can be accessed for buying new flats or houses. Properties thus bought ought to be used for residential purposes only. Subject to some conditions, UCO bank housing loan is also available for buying housing plots for construction of houses.

Apart from repair, renovation and extension of existent structures, the bank also provides finance for purchasing old accommodation. However these structures need not be more than 30 years old and ought to be constructed as per regulations. These buildings also need to be free of tenants.

UCO Bank Car Loans

UCO Car is the car financing scheme from UCO Bank. The bank offers car finance for new as well as used cars. However, the second hand vehicles for which finance is being provided by the bank should not be more than five years old. Second hand vehicles require fitness certificate and valuation certificate for availing UCO bank car financing.

For new cars the loan extended is intended to cover 85% of the vehicle's cost or maximum of Rs. 7.50 lacs, which one is lower. Businessmen and professionals are eligible for this UCO bank car loan subject to the fulfillment of set conditions.

UCO Bank Education Loans

UCO Bank Education Loans are available for bright students who wish to pursue studies in certain specific courses in both India and abroad. Under this scheme parents also become co-borrowers along with the dependent student applicant.

Loan applicants need to have secured admission to certified technical or professional or higher or basic educational courses in India or overseas via merit based selection procedure.

The loan sanctioned depends upon the repayment capacity of the applicant. The upper loan ceiling for study in India is Rs. 7.50 Lac. The comparable figure for study abroad is Rs. 15 Lac.

UCO Bank