Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • loading

    UCO Bank Credit Cards

    Card
    1st Year Fee
    Rewards
    Joining Perks
    Nil
    Response Time Within 30 minutes
    Nil
    Response Time Within 30 minutes
    Nil
    Response Time Within 30 minutes
    Nil
    Response Time Within 30 minutes
    Close

    Compare, check your eligibility and apply for credit cards online.

    UCO Bank Credit Cards Reviews

    Common Loader Icon

    UCO Bank Credit Cards

    Credit Card BYTES FROM OUR KITCHEN

    Overview of UCO Bank Credit Cards:

    UCO Bank was established in 1943 and is a commercial bank, owned by the Government of India. One of India’s most trusted brands when to banking, UCO Bank was also secured a place in the prestigious Forbes Global 2000 list. The bank has a nationwide footprint of over 4,000 service units and 44 zonal offices spread across the country. UCO Bank offers financial services in areas including loans, deposits, accounts and credit products to a diverse range of clientele including corporate, individuals and SMEs. UCO Bank banking products comes with personalized service and customized solutions.

    UCO Bank Credit Cards are offered under the MSME portfolio of the bank and caters to the owners and workers of small and micro enterprises. Customers can enjoy a wide array of benefits including low interest rates for credit card loans and flexible tenure options. Choose a card that matches your requirement and take your life and business to the next step with the help of UCO Credit Cards.

    Why Choose UCO Bank Credit Cards?

    UCO Bank offers 4 variants of credit cards, each carefully designed, to meet its specific requirements. You can choose from the Artisans card, Weavers card, Laghu Udyami Card and the Swarojgar card. UCO Bank credit cards come with a bouquet of benefits that will empower you to avail instant finance for your business. Also, UCO Bank cards are offered to a wide range of customers from fishermen to urban borrowers. UCO credit loans require minimal documentation and less security. With benefits like low interest rates, flexible tenures, schemes backed by the Government of India and higher credit limits, UCO Bank credit cards will delight the cardholder and cater to their credit requirements.

    Features and Benefits of UCO Bank Credit Cards:

    The following advantages that accompany UCO Bank Credit Cards makes the cards very popular amongst all credit products in the MSME banking industry.

    • Multi-purpose Credit Cards

      UCO Bank Credit Cards are offered to a wide class of customers from the SME sector including artisans, handloom weavers, fishermen, self-help groups, auto rickshaw owners and also to customers from urban areas.

    • High Loan Quantum

      With UCO Bank Credit Cards, customers will be able to avail up to Rs.10 lakhs as credit. This offers more financial flexibility, especially to customers from tiny industries sector.

    • Minimal Security Requirements

      The documentation requirements and security requirements are minimal when it comes to UCO Bank Credit Card loans. For majority of the UCO Bank Credit Card loans, there is no requirement of collateral or third party security.

    • Competitive Interest rates

      The interest rates for UCO Credit loans are very affordable and borrowers need not have to worry about the burdens of interest payments. The interest rates for UCO Bank Credit Card loans are as low as base rate + 1% per annum.

    • Loan Types

      UCO Bank Credit Card holders can avail cash credit or term loans as per their capital needs.

    • Flexible Repayment Terms

      If you are worried about having the EMI, fret not, UCO Credit card loans come with flexible repayment options. Customers can choose a convenient repayment period and pay the loan back in affordable instalments.

    • Loan Purpose

      The loans procured using UCO credit cards can be used for working capital like procurement of raw material and also for block capital.

    • Insurance Coverage

      UCO Bank Artisans Credit cardholders registered with the Development Commissioner for Handicrafts will be eligible for insurance coverage.

    • CGTMSE Advantage

      Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) coverage for Weavers credit card means that the cardholder can avail loans without having to offer any form of collateral security.

    UCO Bank Credit Cards Charges and Interest Rates:

    The following table gives the margin and interest rates for the credit card types offered by UCO Bank.

    Card Type

    Interest Rate

    Margin Rate

    UCO Bank Artisans Credit Card

    Base Rate + 1.00%

    Above Rs.50,000 - margin of 15%

    Up to Rs.50,000 - No margin

    UCO Bank Laghu Udyami Credit Card

    Base Rate + 1.00%

    10%

    UCO Bank Swarojgar Credit Card

    Base Rate + 1.00%

    As suggested by UCO Bank

    UCO Bank Weavers Credit Card

    Base Rate + 1.00%

    Above Rs.25,000 - margin of 25%

    Up to Rs.25,000 - No margin

    UCO Bank Credit Cards Eligibility:

    Below are the eligibility criteria for various credit cards offered by UCO Bank.

    UCO Bank Artisans Credit Card

    Artisans involved in manufacturing process

    Handicraft artisans and new units

    Preference will be given to artisans registered with Development Commissioner - Handicrafts.

    UCO Bank Laghu Udyami Credit Card

    Small and Micro Entrepreneurs having a good dealing with UCO Bank for last 3 years

    UCO Bank Swarojgar Credit Card

    Small artisans and handloom weavers

    Small businesses covered under priority sector

    Self-employed individuals and Self Help Groups

    Micro Entrepreneurs

    Fishermen and service sector

    Rickshaw owners

    Borrowers in urban areas

    UCO Bank Weavers Credit Card

    Primary Co-operative societies

    Self Help Groups, Individual weavers, JLGs

    Preference will be given to weavers registered with Development Commissioner, Handlooms.

    For select credit cards, the selection of bank’s customer is under the discretion of UCO Bank. Do enquire with UCO Bank about income criteria and about the detailed eligibility conditions depending on your employment type before proceeding with the credit card application.

    UCO Bank Credit Cards Documentation:

    UCO Bank customers must have the following documents handy to complete the credit card application process.

    • Completely filled application form with recent passport size photographs
    • ID Proof - any one of PAN Card, Aadhar card, driving license, passport or Voter ID
    • Proof of residence - Passport, Aadhar card, recent telephone or electricity bills, election card
    • Proof of Income - Salary slips and bank statements for the last 3 months, IT Return Statements and Form 16, whichever is applicable

    The list of documents required vary depending on your type of employment (self-employed, agriculturists, handloom weavers etc.) and source of income. Do contact UCO Bank to find out more about the documents required for your preferred credit card type.

    List of UCO Bank Credit Cards:

    Following credit cards are offered by UCO Bank which caters to the financial need of a wide range of customers.

    • UCO Bank Artisans Credit Card

      UCO Bank Artisans Credit Card is designed to take credit facilities to artisans without any hassles of having to file documentation and security/collateral. Artisans hailing from Medium and Small Enterprise units will be able to avail term loans and cash credit without any third-party guarantee requirements. UCO Bank Artisans Credit Card also comes with other advantages including insurance coverage, affordable interest rates and high credit limit.

    • UCO Bank Laghu Udyami Credit Card

      UCO Bank Laghu Udyami Credit Card is specially crafted to meet the credit requirements of artisans, SSI, small and tiny sector units, self-employed individuals and other village industries. Cardholders can avail loans using this credit card up to Rs.10 lakh without the need for collateral. The loan amount can then be utilized for the betterment of business and also for other business purposes including purchase of raw materials. The limit sanctioned for LUCC is valid for 3 years.

    • UCO Bank Swarojgar Credit Card

      UCO Bank Swarojgar Credit Card caters to the block capital and working capital demands of MSME workers. With features like competitive interest rates and flexible tenure options, UCO SCC is offered under MSME section by UCO Bank. The cardholder can avail both cash credit and term loan or either to cater to their financial requirements. This credit card aims to make financial assistance timely and approachable for different class of people including auto rickshaw owners, fishermen, self-help groups etc.

    • UCO Bank Weavers Credit Card

      Designed to meet the credit requirements of small sector handloom weavers, UCO Bank Weavers Credit Card holders can avail cash credit easily using the card. The maximum loan limit is fixed at Rs.2 lakhs and the customer can choose from a wide range of tenure options to comfortably pay back the loan in affordable EMIs. Self Help Groups, JLGs and primary co-operative societies can also apply for this card. A;; UCO WCC accounts will be covered under CGTMSE.

    FAQs for UCO Bank Credit Cards:

    1. How do I apply for UCO Credit Cards?

      You just have to visit the nearest UCO Bank Branch and choose the desired credit card to initiate the application process. Fill in the application form and submit the necessary documents to apply for UCO Bank Credit Cards.

    2. What do I have to offer as security for UCO Bank Credit Card loans?

      As primary security, hypothecation of machinery, receivables, stock in trade and office equipment for existing limits is prescribed. Select UCO Credit Cards loans do not require collateral security. However, if collateral security is required, it would be the retention of existing securities.

    3. Can I take both term loan and cash credit under UCO Credit Card loan schemes?

      Some UCO Credit cards offer either cash credit or term loan. However, if you wish to avail both, you should be a UCO Swarojgar credit card holder.

    4. What is the credit limit for UCO Bank credit card loans?

      Different credit cards come with different credit limits. Given below are the loan quantum for UCO Bank credit cards.

      Credit Card Type

      Maximum Loan Quantum

      UCO Bank Artisans Credit Card

      Rs.2 lakhs

      UCO Bank Laghu Udyami Credit Card

      Rs.10 lakhs

      UCO Bank Swarojgar Credit Card

      Rs.25,000

      UCO Bank Weavers Credit Card

      Rs.2 lakhs

    5. What is CGTMSE and how will it benefit UCO Bank credit card customers?

      CGTMSE is a facility introduced by the Government of India to enhance credit flow and credit delivery to the MSME sector. It will enable small and micro enterprise sectors to get bank credit without the difficulties of securing third party guarantee and collateral. The accounts of select UCO Bank credit cards are covered under CGTMSE scheme and customers will be able to get credit without having to provide any security.

    News About UCO Bank Credit Card

    • What to remember when you shop for credit cards!

      There’s no doubt that credit cards are very convenient to carry and transact with, especially when one is on holiday and it is unsafe to carry a lot of cash or when one is shopping for expensive products.

      18th September 2014

    reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.