UCO Select Plus (Personal )Loan 1

UCO Select Plus (Personal )Loan

Salient Features Of UCO Select Plus (Personal )Loan

Sl no Parameter Scheme covenants
1 Who are eligible? • 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.
2 Age Minimum: 18 years
Maximum: 65 years
3 Amount of loan Minimum: Rs.25,000/-
Maximum: Rs.10.00 lakh for existing asset base & Rs.4.00 lakh for past asset base customers.
4 Repayment period Between 6 months and 60 months.
5 Rate of interest UCO Float+2.70, if CIC Score ≥ 800
UCO Float+2.95, if CIC Score ≥ 775 to 799
UCO Float+3.70, if CIC Score ≥ 750 to 774
6 Processing & documentation charges Nil
7 DDE Charge Rs 42 Inclusive of GST
8 Stamp Charges Actual above Rs 4 Lac
9 CIBIL Charges Rs 177 Inclusive of GST
10 Minimum CIBIL Score 750
11 How to access this digital journey This end to end digital journey may be accessed through desktop or mobile phone, using the link shared by the bank
12 Other salient features Cool off period of 3 days from date of sanction/disbursement