Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Loading your search...

    Compare, check your eligibility and apply online instantly.

  • UCO Bank Shopper Loan Scheme is Rated as "Excellent!" by 6 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    UCO Bank Shopper Loan Scheme

    The Shopper Loan Scheme from UCO Bank is a simple finance option for customers who wish to purchase durables like computers, refrigerators, electronics or electrical gadgets, air conditioners, televisions, etc.

    Eligibility criteria for UCO Bank Shopper Loan Scheme

    Customers who wish to apply for a UCO Shopper loan scheme must meet the following eligibility criteria:

    • They must be existing customers of the bank for at least six months from the date on which they apply for a loan
    • They must be professionals, self-employed individuals or businessmen, or permanent employees of universities, public sector units, the government, or reputed private firms with at least one year of service and a service period of at least five years.
    • If the applicant is a salaried individual, the minimum salary that he/she must earn is Rs.30,000 if they reside in metros, and Rs.20,000 if they reside in other centres.
    • The minimum take home salary of the applicant must be at least 40% post deductions and EMI of the proposed loan, or Rs.10,000, whichever is more.
    • If the applicant is a non-salaried individual, the minimum income that he/she must earn to gain eligibility for this loan is Rs.4 lacs per annum.
    • The applicant must also have a minimum of 40% surplus following consideration of the proposed loan’s EMI and Income Tax as well as other obligations, or Rs.10,000, whichever is more.
    • The minimum age requirement for a salaried individual is 21 years and the maximum age is 60 years.
    • The minimum age requirement for a non-salaried applicant is 21 years and the maximum is 65 years.

    Features of UCO Shopper Loan Scheme

    • The maximum amount of money that can be borrowed is Rs.2 lacs or ten times of monthly take home income, whichever is lower.
    • The processing fee charged is 1% of the total loan amount plus Rs,1000.
    • The margin on the loan is 20% of the overall article cost.
    • The repayment of the loan must be done within a maximum of 60 EMIs.

    Benefits of UCO Shopper 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 Bank Shopper Loan Scheme

    If the loan is secured by providing 100% liquid collateral security or a salary tie-up arrangement, the interest rate on the loan will be the base rate plus 1% (floating). In every other case the rate of interest is the base rate plus 2% floating.

    UCO Bank Shopper 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? 5
      , 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? 1
      , 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? 2
      , 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? 1
      , 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? 2
      , 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
    Common Loader Icon

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    This Page is BLOCKED as it is using Iframes.