Pre-Qualified Personal Loan
Salient Features Of UCO PQPL
| Sl no | Parameter | Scheme covenants |
|---|---|---|
| 1 | Who are eligible? | Customers maintaining a Savings Account with our bank from the last 12 months or more. Age of the customer must be between 21-60 years. Mode of operation should be Self. Constitution should be Individual and account should be active. No other linked account should be SMA-1, SMA-2, or NPA at the time of updating the base table. The account should not be PMJDY/ no-frill/ Staff/ illiterate. CIBIL score should be 725 or more. |
| 2 | Maximum Permissible Deductions | Minimum take home after all deductions of existing obligation including proposed Personal Loan EMI should be at least 40% of Net Monthly Income. |
| 3 | Amount of loan | Minimum: Rs. 25,000/- Maximum: Rs. 4.00 lakh, subject to eligibility and amount requested. If customer has already availed PQPL/PAPL, his new limit will be calculated after deducting the current outstanding from the eligible limit. |