UCO Bank Swarojgar Credit Card

1. Loan TypeUCO SCC holder can avail composite loans including cash credit or term loan or both which offers greater flexibility.
2. Competitive Interest RateUCO Swarojgar Credit Card loans come with affordable interest rates which will enable MSM entrepreneurs to avail easy loans for the betterment of their business.
3. Flexible Repayment TenureBoth the term loan and cash credit comes with flexible repayment tenures which will help the cardholder pay it back in easy instalments. The term loan can be paid back within 5 years.
4. ValidityUCO SCC is valid for 5 years, subject to satisfactory operation of the bank account. The card is also to be renewed on a yearly basis following a simple review process.

Benefits of UCO Swarojgar Credit Card:

UCO Swarojgar Credit Card is a versatile card when it comes to meeting the monetary demands of people in MSME industry. The following are some of the benefits that come with the card.

1. Multifaceted CardThis card with cater to the immediate credit requirements of artisans, self-help groups, auto rickshaw owners, fishermen and other micro entrepreneurs.
2. Basic RequirementsThe security and documentation requirements are minimal for UCO Swarojgar Credit Card.
3. Credit FacilityThe cardholder can avail suitable credit facility as per their requirements. Working capital or term loan or a combination of both can be availed.
4. High Credit LimitsThe cardholder can avail a maximum of Rs. 25,000 as composite loan.

Eligibility:

Although no separate eligibility criteria is suggested by National Bank for Agriculture and Rural Development (NABARD) who has introduced the Swarojgar scheme, UCO Swarojgar Credit Card is specially offered to the following classes of people.

1. Small artisans and handloom weavers
2. Fishermen and service sector
3. Rickshaw owners
4. Micro Entrepreneurs
5. Self-employed individuals
6. Self Help Groups
7. Small businesses covered under priority sector
8. Borrowers in urban areas

However, UCO Bank has the freedom to judge the eligibility and select clients for Swarojgar Credit Card (SCC) scheme. For more details on income criteria and eligibility criteria for your employment type, do enquire with UCO Bank.

Documentation Required for UCO Swarojgar Credit Card:

The documentation required for UCO Swarojgar Credit Card depends on the source of your income and employment type. Keep the following documents handy to speed up the application process.

1. ID proof - PAN Card, voter ID, passport etc.
2. Address proof - Ration card, electricity bill etc.
3. Income documents - salary slips, income tax return statements and bank account statements

Do enquire with UCO Bank about the comprehensive list of required documents before proceeding with the credit card application process.

Fees and Charges - Interest Rate for UCO Swarojgar Credit Card:

UCO Swarojgar Credit Card loans comes with an attractive interest rate of Base Rate + 1.00% per annum for term loans and cash credit.

Margin:

The applicable margin limits for UCO Swarojgar Credit Card is as per UCO Bank norms and is subject to frequent change.

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

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