Multiple banks. Different interest rates. Call it a "conflict of interest".
  • UCO Bank Loan Against Property is Rated as "Excellent!" by 6 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    UCO Bank Loan Against Property

    The UCO Bank, a Government of India undertaking incorporated in 1943, aims to excel in customer service by constant upgradation of the skills of its employees coupled with state-of-the-art technology. UCO bank has a robust capital base in addition to a large client base and a diversified asset portfolio among others. UCO is a commercial bank and therefore, offers advances and loans for a wide range of activities catered to various sectors from agriculture and medium and small scale industries to export/import and infrastructure among others. The UCO bank offers loans against property as well.

    Target customers of UCO Bank Loan against Property

    The UCO bank loans against property is offered to the following groups/individuals:

    • Firms and individuals for their MSE units as per (priority sector) norms.
    • Personal expenses such as weddings, medical exigencies and vacations among others

    Eligibility criteria for UCO Bank Loan against Property

    The following table shows the eligibility criteria of loans offered by UCO bank against property


    Minimum: 21 years

    Maximum: 65 years

    Maximum age for repayment: 70 years

    Types of borrowers

    Salaried/ Professionals



    Businessmen (must have regular source of income)

    Loan Type

    • Term Loan

    • Overdraft permitted for business purpose. The cash credit or overdraft account should be renewed on an yearly basis

    Minimum Income

    • Salaried professionals

    Gross income: Rs.30,000 p.m at metros Rs.20,000 p.m for the rest

    • Non-salaried individuals

    Rs.4 lakh p.a

    The net take home pay of both salaried and non-salaried borrowers (after various deductions including EMI of the current loan against property) should not be less than Rs.10,000 or 40% of gross income (whichever is higher).

    Loan Amount

    Minimum: In case of own property, it is 60% of the value of its distress sale (non-agricultural land with constructed building in borrower’s name or joint names) In case of rented property, the loan amount depends on the realizable value, which may differ on a case to case basis.

    Maximum: Rs.2 crores (individuals)

    Rs.5 crores (firms)

    Credit will be offered against buildings and apartments which are not over 50 and 30 years old respectively. If a given property has joint holders, UCO bank will offer credit in joint names. However, no credit will be provided by UCO bank against immovable property of a third party


    • The UCO bank provides credit against equitable mortgage of non-agricultural land/commercial property in metros/semi-urban centres under single/joint names.

    • If a given property has to be sold, the title deed of the property which is mortgaged has to be released after adjustment of the bank dues. The borrower can also opt for substitution if in need of credit facility.


    7 years

    Processing fees



    Maximum: 144 EMIs


    Rs.1749 (lowest per lakh)


    Rin Jeevan Suraksha covers outstanding loan in the event of natural/accidental demise of the borrower

    UCO Bank Interest rates (floating) for Loans against Property

    The UCO bank offers a floating rate of interest on its Loans against Property. The floating interest rate is linked to its base rate as listed below:

    • Priority sector: base rate + 2% (floating)
    • Non-priority sector: base rate + 3% (floating)

    The following table shows the interest rates offered by UCO bank

    Base rate + margin

    Total rate

    9.7% + 2%


    9.7% + 3%


    The following table shows the changes in the base rates of UCO bank



    October 2015


    October 2010


    Documentation Required for UCO Bank Loan against Property

    The following documents should be submitted to avail of loan against property offered by UCO bank

    • Loan Application form (completed)
    • Receipt of property tax
    • Bank account statement (6 months)
    • Proof of identity (driving licence/ Voter ID)
    • Residence proof (electricity bill/Aadhar card)
    • Assets and liabilities statement (businessmen)
    • Address proof of business unit (businessmen)
    • Photographs (passport size)
    • Signature identification

    UCO Bank Loan Against Property Reviews

    • UCO Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The UCO bank personal loan service was good and I have got the personal loan within 21 days of time. The customer support service and the response was quite good from the UCO bank and I am satisfied with the loan amount .I would say it is a very good service,
      Was this review helpful? 7
      , kolkata
      Reviewed on May 10, 2018
    • UCO Personal Loan
      "Approchable bank"
      0.5 4.0/5 "Great!"
      I have taken a personal Loan from UCO BANK.The approved loan amount was 40 thousand . The given rate of interest was2% yearly. As one time payment i closed the loan. The experience was really good.The customer service and response at the time of submitting the application was fine.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 24, 2018
    • UCO Personal Loan
      "Good Loan "
      0.5 5.0/5 "Blown Away!"
      I got a Personal Loan from UCO few years back, and the experience with them has been great . The process for the application was simple and required minimal hassle. I got the loan for Rs.1.50 Lakhs for a mere 10.99% rate of interest, which I think is a great deal.
      Was this review helpful? 5
      , new delhi
      Reviewed on Nov 07, 2017
    • UCO Personal Loan
      "excellent service"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan from UCO and their main branch was located near to my office so I applied from there their interest rate was very low compare to others in the market and during the process they asked for my document 16 and a letter from my employer and the guaranty and the previous policy copies once I submitted with the documents they completed the process which was good.
      Was this review helpful? 3
      , bangalore
      Reviewed on Oct 15, 2017
    • UCO Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      UCO bank gave a very good service in regards to my personal loan application and I got the loan amount within 7 to 8days from UCO bank. The process just took a week time. The customer service, the response and their follow up was good with UCO bank. The rate of interest is low when compared with others. The processing fee is also reasonable with UCO bank. I am very much satisfied with the loan amount with UCO bank.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jun 23, 2017
    • UCO Personal Loan
      "Very lengthy process"
      0.5 2.5/5 "Just OK"
      Besides paper work the rest is fine with UCO bank personal loan. The documentation part is very lengthy and they took a lot of time to provide the loan. UCO bank took around 10 to 15 days of time to provide the loan. Apart from that, I did not undergone any sort of issues with them.
      Was this review helpful? 8
      , jharsuguda
      Reviewed on Dec 21, 2016
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