UCO Bank brings you the UCO Select Plus (Personal) Loan, a fully digital personal loan solution designed exclusively for our existing/past home loan and car loan customers. With a simple, paperless process and real-time validation, you can apply and get funds disbursed instantly—anytime, anywhere.
This loan requires no collateral, no processing charges, and minimal documentation, offering a fast and hassle-free credit experience for eligible customers.
Presently, the UCO Select Plus (Personal) Loan is available to selected UCO Bank customers who meet specific eligibility criteria based on their asset relationships and repayment history with the bank.
Customers can apply using their mobile number, account number, or customer ID by clicking on Start Application.
KEY FACT STATEMENT (Illustration)
Particulars
Details
Purpose
Any personal purpose other than speculative purpose.
Eligibility Criteria
• Existing Asset base Customers- 1. Existing Home Loan accounts with sanction limit of Rs.20.00 lakh and above and Car loan accounts with sanction limit of Rs.8.00 lakh and above. 2. Existing Home and Car Loan accounts with a minimum EMI repayment history of 12 months. 3. Loan account has not slipped SMA-1/SMA-2/NPA or restructured (except COVID Restructuring) during entire tenure. 4. No other loan account of the applicants, must have been categorized as NPA or Restructured (except for COVID restructuring) in the past at the time of updation of eligible data base. 1. Past Asset base customers- 1. Home Loan customers with sanction limit of Rs.20.00 lakh and above and Car loan customers with sanction limit of Rs.8.00 lakh and above, who have fully repaid the loan account within last 24 months and currently have not availed any loan facility from us, except for Loan against Deposit and Gold loan. 2. Loan account had never slipped to SMA-1/SMA-2/NPA or restructured (except COVID Restructuring) during the entire tenure. 3. Customer maintaining an active KYC complied savings account with our Bank.
Nature of facility
Term Loan
Minimum & Maximum Loan Amount
Minimum: Rs.25000/- Maximum: 10 Lakhs
Credit Score Requirement
Credit Score Check will be conducted at the time of application of the loan. Minimum CIBIL Score of 750 required.
Nil (Repayment to start from the month of disbursement of the loan)
Security
No collateral security is required.
CIBIL Charges
Rs.177/- Inclusive of GST to be deducted upfront from operative account.
Documentation/Processing Charges
Nil
DDE Charge
Rs 42 Inclusive of GST
Stamp Charge
Actual above Rs 4 Lac
Cooling off/ look-up period
Three days from the date of sanction/disbursement.
Penal Charges
In case of default in repayment/delay in repayment/non-compliance of terms of sanction, penal charge on outstanding amount @ 2% + GST on yearly basis will be charged Default charges to be calculated on daily basis for the entire period of irregularity
Documentation
Sanction letter containing terms and conditions of loan is to the digitally accepted using OTP based e-authentication through Aadhaar.
Repayment of Loan Instalment
Repayment of loan instalments will be through Auto Recovery mode.
Disbursement
Eligible loan amount shall be disbursed to the Savings Account of applicant instantly.
Point of Contact
For any query please contact Base Branch Customer Care: 1800 8910 For Technical issues Landline: 03344559409 /03344559312 Email:- mailto:digital.lending@ucobank.co.in
4. Customer should be an: A. Existing asset base customer:
With an active Home Loan account with sanctioned amount > ₹20 lakh OR Car Loan account with sanctioned amount > ₹8 lakh
Must have a minimum EMI repayment history of 12 months on the existing loan.
The loan account must not have slipped into SMA-1, SMA-2, or NPA during its tenure
No other loan account linked to the applicant should be classified as SMA-1/SMA-2/NPA.
The applicant must be the borrower whose income was considered at the time of original loan sanction.
OR B.Past asset base customer:
Fully repaid Home Loan (sanctioned > ₹20 lakh) or Car Loan (sanctioned > ₹8 lakh) within the last 24 months.
The loan must have remained SMA/NPA-free throughout its tenure.
The applicant must hold an active, KYC-compliant savings account with UCO Bank.
The applicant must be the primary account holder of the earlier home/car loan whose income was used for sanction.
2. Age of the customer must range from 18 Years to 65 Years 3. Mode of operation of the account must be Self. 4. Constitution of account must be individual. 5. Minimum CIBIL Score of 750 is required. 6. Loan proceeds should not be used for any speculative purposes 7. In case of delay in payment of EMI by one month or more penal interest @2% p.a.will be charged on the amount of default of the period. i.e. w.e.f due date
*Please Note:-Read all the terms and condition carefully before applying, In case of wrong submission of required data, application will be rejected.
