UCO Bank Artisans Credit Card

1. Type of LoanThe cardholder can avail term loan and cash credit with UCO Bank Artisans Credit Card.
2. Loan Repayment PeriodThe term loan comes with a maximum repayable tenure of 3 years. The cash credit limit has to be renewed once in 3 years with annual reviews.
3. Affordable Interest RateThe rate of interest for UCO Bank Artisans Credit Card loan is very competitive and affordable which will empower artisans to avail the loan facility without any worry about the otherwise heavy interest.
4. Credit LimitThe maximum credit that one can avail using this card is Rs.2 lakhs.

Benefits of UCO Bank Artisans Credit Card:

UCO Artisans Credit Card is a multi-faceted financial tool that will definitely contribute towards the economic betterment of artisan class. Here are some of the benefits offered by the card.

1. Multipurpose CardThis card will tend to the working capital needs of artisans. Handicraft artisans will be able to purchase equipments and tools for manufacturing process and will be able to make their work more profitable with timely financial assistance.
2. Minimal RequirementsUCO Bank Artisans Credit Card comes with very minimal requirements. No collateral and third-party guarantee is required.
3. Insurance CoverageIndividuals who are registered with Development Commissioner, Handicrafts would be eligible for coverage.

Eligibility:

1. All artisans involved in manufacturing and production process will be able to avail this credit card. Handicraft artisans and new units are eligible.
2. Preference will be given to artisans registered with Development Commissioner - Handicrafts.
3. Thrust in financing would be in group of artisans who have enrolled to form Self Help Groups (SHGs).
4. Beneficiaries of other Government sponsored schemes will not qualify for coverage under Artisans Credit Card Scheme.

Documentation Required for UCO Artisans Credit Card:

Applicants will be generally asked to submit the following documents to avail a UCO Bank Artisans Credit Card.

1. Proof of identity - PAN Card, passport, Voter ID, driving license etc.
2. Address proof - passport, Voter ID, recent electricity bills etc.
3. Income proof like salary slips and Income tax returns, if applicable

Do enquire with UCO Bank about the comprehensive list of documents required to complete the application process.

Fees and Charges - Interest Rate for UCO Bank Artisans Credit Card:

UCO Bank Artisans Credit Card loans comes with a very competitive interest rate of Base Rate + 1.00% per annum.

Margin for UCO Bank Artisans Credit Card:

Credit cards make payments easy for all expenses online and offline while offering various benefits

Find a Card >>