Specially designed to meet the capital credit requirements of artisans, UCO Bank Artisans Credit Card will provide for timely and sufficient investment options also. Artisans will be able to easily avail cash credit and term loan with UCO Bank Artisans Credit Card. This card brings with it many features including higher credit limit, affordable interest rate, insurance coverage and no third party guarantee requirements.
Offered under UCO Bank’s MSME financial products umbrella, UCO Artisans credit card will make financial assistance timely and flexible for artisans. If you are a handicraft artisan and if you are looking for timely financial help to make your work more effective, UCO Bank Artisans Credit Card is your best bet!
The following advantages that accompany UCO Bank Artisans Credit Card makes it one of the most sought after products in the MSME banking industry.
The cardholder can avail term loan and cash credit with UCO Bank Artisans Credit Card.
The 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.
The 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.
The maximum credit that one can avail using this card is Rs.2 lakhs.
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.
This 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.
UCO Bank Artisans Credit Card comes with very minimal requirements. No collateral and third-party guarantee is required.
Individuals who are registered with Development Commissioner, Handicrafts would be eligible for coverage.
Applicants will be generally asked to submit the following documents to avail a UCO Bank Artisans Credit Card.
Do enquire with UCO Bank about the comprehensive list of documents required to complete the application process.
UCO Bank Artisans Credit Card loans comes with a very competitive interest rate of Base Rate + 1.00% per annum.
Up to Rs.50,000
The following will be required as security - pledge or hypothecation of assets, availment of guarantee from CGTMSE. No third party guarantee and collateral is required.
Cardholders who are registered with Development Commissioner, Handicrafts would be eligible for coverage under Group Insurance scheme and the premium would be borne by the Government.
Yes, the customer will get a photo id and passbook under the Artisan Credit Card Scheme.
You can apply for an Artisans Credit Card at all UCO Bank branches.
You can avail the loan to enhance your working capital including purchase of raw materials and for the betterment of your business.
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