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

    Fees & Charges

    Promised Interest Rate

    Customer Service



    UCO Bank Property Loan Scheme

    The property loan scheme is another offering of UCO Bank. It offers financial support for companies as well as individuals to fund their MSE units and related expenses.

    Purpose of UCO Property Loan Scheme

    The property loan scheme from UCO Bank can be taken out for any of the following reasons:

    • To offer credit facility to individuals and companies/firms to meet their financial requirements related to their MSE units
    • To provide financial help for purposes covered by Priority sector norms
    • To offer credit facility to individuals for personal expenses that cover social obligations, travelling expenses, medical emergencies, etc.

    Eligibility criteria of UCO Bank Property Loan Scheme

    The eligibility of the customer applying for a property loan scheme from UCO Bank depends upon the following:

    • The applicant (pensioner or self-employed or salaried individual) must be at least 21 years old and not older than 65 years of age.
    • The applicant must possess a property that can be mortgaged in addition to sufficient income for repayment of the loan.
    • Businessmen or self-employed individuals must possess a regular source of income and must also file their income tax return.
    • The minimum gross salary of a salaried customer must be Rs.30,000 per month if they reside in metropolitan cities and Rs.20,000 per month if they live in other centres.
    • The minimum income for non-salaried customers must be Rs.4 lacs per annum regardless of where they reside.
    • The net take home salary of all customers must be at least 40% of the gross income after deductions such as professional tax, insurance premium, PF, income tax, etc., or Rs.10,000, whichever is more.

    Features of UCO Property Loan Scheme

    • The repayment period for the loan is a maximum of 144 EMIs regardless of how much money is borrowed.
    • The minimum credit at the end of each month must be higher than the interest debited to the account.
    • All repayments must be made before the customer attains 70 years of age.
    • Registered mortgage / equitable mortgage of unencumbered commercial property / residential house / apartment / non-agricultural land / flat located in semi-urban / urban / metro centres should be in the borrower’s name can be pledged as security.

    Benefits of UCO Property Loan Scheme

    • No prepayment charges
    • Low processing fee
    • Minimal documentation
    • Hassle-free application procedure
    • Dedicated team for customer service
    • Flexible repayment period

    Interest Rate of UCO Property Loan Scheme

    The rate of interest for a property loan scheme from UCO Bank is the base rate plus 2% (floating) if it is under Priority Sector, and base rate plus 3% (floating) if it us under Non-Priority Sector.


    UCO Bank Property Loan Scheme 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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