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  • UCO Bank Home Loan

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  • UCO bank offers home loans above Rs.75 lakh for both salaried and self-employed professional at attractive rates starting from 8.40% p.a. You can extend the tenure till 30 years for repayments. The applicable processing fee is 0.50% of the loan amount plus applicable taxes.

    UCO Bank Home Loan

    Key Highlights

    • No upper ceiling limit on home loan
    • Competitive rates starting from 8.40% p.a.
    • No prepayment charges
    Interest Rate 8.40% to 8.65% p.a.
    Processing Fee 0.50% of the loan amount or a minimum of Rs.1,500 plus GST

    UCO Bank Home Loan EMI Calculator

    Calculate your EMI (Equated Monthly Instalment) and processing fee beforehand to compare home loan interest rates and schemes offered by different banks. It will also help you manage your finances in a better way.

    You can use BankBazaar UCO Bank Home Loan EMI Calculator to calculate your monthly instalment amount. The entire process is easy and hassle-free with a quick turnaround time. All you need to do is enter your home loan details, including the amount, interest rate, tenure, and processing fee. Click on the “calculate” button to check your EMI and processing fee.

    Not only this, you will also be able to view a complete breakdown of your repayment schedule through an amortisation table.

    UCO Bank Home Loan Eligibility Criteria

    Age 21 years to 70 years
    Type of Employment Salaried or self-employed
    Nationality Indian or NRI

    Documents Required

    For salaried

    • Proof of identity
    • Passport size photograph
    • Residential address proof
    • Age proof
    • Last 6 month’s bank statements
    • Last 3 months’ salary slips
    • Property-related documents

    For self-employed

    • Proof of identity
    • Residential address proof
    • Passport size photograph
    • Age proof
    • Last 6 month’s bank statements
    • Business details
    • Profit and loss account statements with computation of income plus balance sheet
    • Latest Income Tax Returns

    For NRIs

    • Proof of identity
    • Passport size photograph
    • Residential address proof
    • Overseas residential address proof
    • Latest NRE account statements
    • Business details (for self-employed)
    • Work permit or employment contract letter (for salaried)
    • Valid Visa and passport copy
    • Property-related documents

    FAQs

    1. How is the interest calculated?
    2. The interest is calculated on daily reducing balance basis. This means that it’s calculated on the principal outstanding, which dips every time you make your prepayments. So, the more you prepay, the lesser you pas as interest.

    3. What type of collateral do I have to pledge to get a loan?
    4. You can pledge the equitable mortgage of the concerned property to get a loan.

    5. What’s the maximum amount I can get for home extension?
    6. For urban areas, you can get a loan of up to Rs.25 lakh for home repair or extension. For rural areas, the maximum you can get is Rs.7.5 lakh.

    7. How’s the bank going to determine my eligibility?
    8. Other than you age, nationality, and type of employment, the bank may also consider your annual income and repayment capabilities before sanctioning your loan.

    9. Is loan foreclosure applicable?
    10. Yes, you can repay the loan in full before the stipulated tenure without having to pay any prepayment charges.

      

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    UCO Bank Home Loan Reviews

    • UCO Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a home loan from UCO Bank. The loan amount was Rs. 23,00,000 and the tenure is 20 years. I am happy with the rate of interest 8.1%. Preclosure charges is there but i am not sure. Am getting a tax benefit interms of premium what i am paying for this laon. Premium amount is getting reflecting on my every statement.
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 15, 2019
    • UCO
      UCO Home Loan
      "Good Loan Service"
      0.5 3.0/5 "Satisfactory"
      My salary account is in UCO bank so i had applied the home loan from the same. I bought the loan amount of Rs. 18 lakhs in that first they have sanctioned Rs. 10 lakhs and for the construction purpose, they have given Rs. 5 lakhs. They have provided me a interest rate of 8.5%. I have been paying the EMI amount of Rs. 18,500 for the duration of 30 years. They have sanctioned the loan immediately.
      Was this review helpful? 1
      , bankura
      Reviewed on Nov 06, 2019
    • UCO Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in UCO bank for two months ago, an initial process was easy and loan amount was disbursed in earlier so i am happy about that, the customer service was support and good, there was no any charges from bank and no processing fee.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 26, 2019
    • UCO Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had taken this loan a very long time back and the experience i had with them was quite good. The loan amount which they had provided has been sufficient and the interest rate which they had offered has been nominal when compared with the market rate and the charges which they had made has not been high.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 29, 2019
    • UCO Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan with UCO bank and the experience was good, the loan amount was for Rs 3 lacs and this loan was given basically to the Kisaan where the interest rate is only 40 paise per EMI. There is no tenure period for this loan and the customer support was very good.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Nov 20, 2018
    • UCO Home Loan
      "Process is nice"
      0.5 4.0/5 "Great!"
      My home loan is good with UCO Bank. The customer services are good and they are responsive too. The rate of interest and processing charges is normal. The after loan services is also good. The documentation process is also good. I am happy with the services.
      Was this review helpful? 2
      , greater noida
      Reviewed on Sep 20, 2018
    • UCO Home Loan
      "Very good home loan services"
      0.5 5.0/5 "Blown Away!"
      I never used the phone banking customer care services. They have offered me a reasonable interest rates. I have got a interest rate of 8.5% and the processing fee of 0.5%. I have applied the home loan for more than 3 years ago. I have received the loan on time. I've applied the loan amount of 12 lakhs and i need of 10 lakhs only. I'm paying the EMI amount of Rs. 7800.
      Was this review helpful? 1
      , jaipur
      Reviewed on Aug 02, 2018
    • UCO Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan with UCO bank and my loan experience was good, the loan amount was for Rs 17-18 lakhs with nominal interest rate of 8.65%. Customer service was good and they responded on time. The tenure period for this loan is 20-25 years.
      Was this review helpful? 5
      , chandigarh
      Reviewed on Jul 23, 2018
    • UCO Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      UCO Bank interest rate is higher than other banks when it comes to housing loan. It was basically a joint home loan with my wife. This was taken for a period of 3 years and it is completed now. The rate of interest charged was floating, fortunately till date there was no rise in the interest rate. I have already recommended 4 to 5 members to this bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 19, 2017
    • UCO Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had a home loan experience with UCO bank for about past 5 years. I am happy with the loan amount. The tenure for this loan is for 10 years. The rate of interest is 8.6% which is nominal with UCO bank. Overall the home loan service with UCO is really good.
      Was this review helpful? 0
      , jamnagar
      Reviewed on May 19, 2017
    • UCO Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The experience with the UCO bank is excellent during the home loan process. Based on my credential the loan was approved within a month . Interest rate offered was 9.50% and there was no processing fee I have opted for 24 laks rupees loan mount and with Rate of Interest is 9.50% and it is for 20 years and its been 3 years Its fine for me.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 05, 2017
    • UCO Home Loan
      "Technically needs improvement "
      0.5 3.0/5 "Satisfactory"
      They have to improve on the technical parts because they have not updated yet.The customer service and other process was good with UCO Bank.They have taken average time to process the home loan with UCO Bank.I may recommend the service to others.
      Was this review helpful? 1
      , new delhi
      Reviewed on Apr 21, 2016
    • UCO Home Loan
      "Quick disbursal!"
      0.5 5.0/5 "Blown Away!"
      Banking norms were very transparent with UCO bank for the home loan. The executives guided me properly and were very much supportive in processing the loan amount. It took around 3 days for them to process the loan. The loan details were explained clearly.
      Was this review helpful? 1
      , chennai
      Reviewed on Mar 03, 2016
    • UCO Home Loan
      "Good Experience with home loan "
      0.5 5.0/5 "Blown Away!"
      The experience with the uco bank is excellent during the home loan process. Based on my credential the loan was approved within 7 days . Interest rate offered was 9.25% and there was no processing fee based on the promotional offer.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 27, 2015
    • UCO Home Loan
      "Poor customer service"
      0.5 1.0/5 "Really Bad"
      No one have contacted me for the housing loan with the UCO bank which I applied. I would like to say that they should give the response to the customer approach, whether they are providing the loan to me or not. According to current trend nobody looks the brand name rather than they need the specifications, so I got the low rate of interest as 8.75% for my home loan with some other sources.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 30, 2015
    • UCO Home Loan
      "Good housing loan"
      0.5 5.0/5 "Blown Away!"
      UCO bank housing loan process is good I am holding this housing loan for a period of 3 years. I am getting my Certificate of interest on time. I normally gets alerts how much amount is debited from my account. I am getting my COI my post and I can also do a rate switch .
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 13, 2015
    • UCO Home Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I have got the call from the UCO bank for my home loan application. I have changed my employment , locality , documentation and not yet finalized the property which are the things made me not to take the loan with them. Even the manger contacted me many times and I told the feedback to them. Once I finalized the property I will go ahead with them.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 23, 2015
    • UCO Home Loan
      "Good "
      0.5 3.0/5 "Satisfactory"
      Due to my personal reasons , I have not taken the home loan with the UCO bank. I can say the rate of interest is huge with them and the executives provided me the good response and stated the information clearly in the call. I am happy with the UCO bank and in future also I would like to go ahead with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 15, 2015
    • UCO Home Loan
      "Wasting of time and money"
      0.5 1.0/5 "Really Bad"
      UCO bank send the executive to check the value of the property which I got finalized. Executive said me that this property was not correctly built up and I said to him, is there anyway to get the loan. I dint proceed with them further and I got the loan from some other sources. It made me to wait for six months of time to get the update. Rate of interest is good and there is no processing charges with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 15, 2015
    • UCO Home Loan
      "Flexible"
      0.5 3.0/5 "Satisfactory"
      The rate of interest was 10.35% as floating and its higher end.I quoted around 12 lakhs but they committed around 9 lakhs for my criteria thats not okay for me. So I rejected the home loan application with the UCO bank. Finally I got the loan with the LIC hfl.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 21, 2015
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