UCO Bank Home Loan

UCO Bank provides home loans starting at 8.45% interest per year. You can borrow up to 90% of the property's cost, with repayment periods of up to 30 years. Additionally, they offer pre-approved home loans to certain customers, even before they choose a property. This pre-approval is valid for 4 months

UCO Bank Home Loan Highlights 
Interest Rate (floating) 8.45%– 10.30% p.a.
Processing Charges 0.50% of the loan amount (Min. Rs 1,500 and Max. Rs 15,000)
Loan-to-Value Ratio Up to 90% of the property value
Loan Tenure Up to 30 years

Pre Approved Home loan | Check Eligibility & Apply Online

Table of Contents
Compare Interest Rates offered by other Lenders
Interest Rates
Types of Home Loan offered by UCO Bank
Processing Fees & Charges
Eligibility Criteria
Documents Required
EMI Calculator
FAQs

Compare Interest Rates offered by other Lenders

Name of Lender Up to Rs. 30 Lakh Above Rs. 30 Lakh to Rs. 75 Lakh Above Rs. 75 Lakh  
SBI Bank 8.40% - 10.15% p.a. 8.40% - 10.05% p.a. 8.40% - 10.05% p.a. Apply Now
HDFC Bank Limited 8.40% p.a. onwards 8.40% p.a. onwards 8.40% p.a. onwards Apply Now
Kotak Mahindra Bank 8.70% p.a. onwards 8.70% p.a. onwards 8.70% p.a. onwards Apply Now
ICICI Bank 8.75% p.a. onwards 8.75% p.a. onwards 8.75% p.a. onwards Apply Now
Federal Bank 8.80% p.a. onwards 8.80% p.a. onwards 8.80% p.a. onwards Apply Now
L&T Finance Limited 8.60% p.a. onwards 8.60% p.a. onwards 8.60% p.a. onwards Apply Now
Bajaj Housing Finance 8.50% p.a. onwards 8.50% p.a. onwards 8.50% p.a. onwards Apply Now
LIC Housing Finance 8.35% - 10.35% p.a. 8.35% - 10.55% p.a. 8.35% - 10.75% p.a. Apply Now
PNB Housing Finance 8.50% - 14.50% p.a. 8.50% - 14.50% p.a. 8.50% - 11.45% p.a. Apply Now
Punjab National Bank 8.45% - 10.25% p.a. 8.40% - 10.15% p.a. 8.40% - 10.15% p.a. Apply Now
Bank of Baroda 8.40% - 10.65% p.a. 8.40% - 10.65% p.a. 8.40% - 10.90% p.a. Apply Now
IDFC First Bank 8.75% p.a. onwards 8.75% p.a. onwards 8.75% p.a. onwards Apply Now
Tata Capital Housing Finance 8.70% p.a. onwards 8.70% p.a. onwards 8.70% p.a. onwards Apply Now
Axis Bank 8.70% - 13.30% p.a 8.70% - 13.30% p.a 8.70% - 9.10% p.a. Apply Now
Godrej Housing Finance 8.55% p.a. onwards 8.55% p.a. onwards 8.55% p.a. onwards Apply Now

Also read: Best Home Loan in India

 

UCO Bank Home Loan Interest Rates

UCO Home

For Government Employees

CIBIL Score Interest Rate (p.a.)

Up to 649 (LTV up to 80%)

(LTV 80%-90%)

10.20%

10.30%

650-699 (LTV up to 80%)

(LTV 80%-90%)

9.45%

9.55%

700-749 (LTV up to 80%)

(LTV 80%-90%)

8.85%

8.95%

750-799 (LTV up to 80%)

(LTV 80%-90%)

8.65%

8.75%

800 & above (DSA)

(LTV up to 80% and LTV 80%-90%)

 8.55%

800 & above (direct)

(LTV up to 80% and LTV 80%-90%)

 8.45%

For Other than Government Employees

CIBIL Score Interest Rate (p.a.)

Up to 649 (LTV up to 80%)

(LTV 80%-90%)

10.20%

10.30%

650-699 (LTV up to 80%)

(LTV 80%-90%)

9.45%

9.55%

700-749 (LTV up to 80%)

(LTV 80%-90%)

8.95%

9.05%

750-799 (LTV up to 80%)

(LTV 80%-90%)

8.75%

8.85%

800 & above (direct)

(LTV up to 80% and LTV 80%-90%)

 8.55%

800 & above (DSA)

(LTV up to 80% and LTV 80%-90%)

 8.65%

UCO Top-up Home Loan

CIBIL Score Interest Rate (p.a.)
Up to 750 10.30%
700-749 10.50%
650-699 11.00%
Up to 649 11.50%

UCO Overdraft Home Loan

CIBIL Score Interest Rate (p.a.)
Above 750 9.80%
Up to 750 9.90%
UBI Home Loan Schemes Interest Rate
Union Home 8.50% p.a. onwards
Union Awas 8.50% p.a. onwards
Union Smart Save 9.30% p.a. to 10.90% p.a.

Also Read : Best Home Loan Documents Required

Types of UCO Bank Home Loan Schemes

UCO Top-up Home Loan

Purpose:  UCO Bank provides a Top-up Home Loan scheme for its existing home loan borrowers. This scheme allows borrowers to obtain additional funds on top of their existing home loans. These funds can be used for various purposes such as education, home repairs, renovations, furnishing, agricultural needs, business expenses, and more.

Loan Amount:

  • Term Loan: Rs 1 lakh-Rs 2 crore
  • Overdraft: Up to Rs 2 lakh or 10% of original housing loan

Tenure: Co-terminus with the original home loan or before the borrower reaches 75 years of age

UCO Home

Purpose:  UCO Bank provides different types of home loan schemes. You can use these loans to buy or build a house, renovate an existing one, or even buy a plot for residential purposes. The bank also offers home loans for purchasing flats from various sources like co-operative societies, builders, or government bodies. Additionally, you can transfer your existing home loan from another bank to UCO Bank for lower interest rates.

Loan Amount:

  • For repair/renovation: Up to Rs 50 lakh
  • For purchase/construction/takeover/extension: No upper limit

Tenure: Up to 30 years or up to 75 years of age of the borrower

LTV Ratio:

  • Loan amount up to Rs 30 lakh- 90%
  • Loan amount Rs 30 lakh-Rs 75 lakh- 80%
  • Loan amount above Rs 75 lakh- 75%

UCO Pre-Approved Home Loan

Purpose: UCO Bank offers the UCO Pre-approved Home Loan scheme, which provides applicants with an in-principle sanction of a home loan based on their eligibility, even before they finalize a property. This pre-approved sanction is valid for 4 months, giving applicants flexibility and assurance as they search for their ideal property.

Loan Amount:

  • For repair/renovation: Up to Rs 50 lakh
  • For purchase/construction/takeover/extension: No upper limit

LTV Ratio:

  • Loan amount up to Rs 30 lakh- 90%
  • Loan amount Rs 30 lakh-Rs 75 lakh- 80%
  • Loan amount above Rs 75 lakh- 75%

Also Read : Best Home Loan EMI Calculator

UCO Bank Home Loan Processing Fees and Charges

Particulars Applicable Charges
Processing fees
  • UCO Top-Up Home Loan: 0.10% of the loan amount, with a maximum of Rs. 10,000.
  • UCO Home Loan: 0.5% of the loan amount, with a minimum of Rs. 1,500 and a maximum of Rs. 15,000.
  • UCO Pre-approved Home Loan: 0.25% of the pre-approved loan amount, with a minimum of Rs. 1,000 and a maximum of Rs. 10,000.
Prepayment Charges Nil
Documentation Charges Nil

Also read: Best Home Loan Fees and Charges

Eligibility Criteria for UCO Bank Home Loan

  • Nationality- Resident Indian, NRI, PIO
  • Minimum age at the time of loan application: 21 years
  • Maximum age at the time of loan maturity- 75 years

Also Read : Best Home Loan Eligibility

Frequently Asked Questions

Yes, it's possible to get your bike financed even as a student if you meet the specific eligibility criteria set by the lenders.

The best loan for financing your bike or scooter is the one with the lowest interest rate. This way, you'll have to pay less in monthly installments (EMIs) throughout your loan term.

To get financing for your motorcycle, bike, or scooter, you can easily apply for the loan online from home. Or, if you prefer, you can go directly to a bike shop and apply for the loan there by giving them the documents they need

You can check your loan status online through internet banking. Another option is to visit the closest branch of the bank or financial institution that's providing the loan.

Many lenders consider a credit score of 620 and above to be good when giving out loans for motorcycles, superbikes, or scooters. However, if your credit score is lower than 620, you can still find lenders who may be willing to give you a loan, although they might charge a higher interest rate.

Banks allow you to make prepayments after successfully paying 3-6 EMIs. Depending on the number of EMIs you've already paid, there might be a small fee applicable on the outstanding amount when you choose to prepay.

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