A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • UCO Bank Home Loan

    UCO Bank offers home loans with two different interest rate structures (MCLR and RLLR) with interest rates starting at 8.05% p.a. The processing fee is 0.5% of the loan amount, in the range of Rs.1500 to Rs.15,000 and tenure is up to 30 years, not exceeding 70 years of age at the time of loan completion.

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    UCO Bank Home Loan Details

    UCO Bank offers home loans linked to both Marginal Cost of Funds-based Lending Rate (MCLR) and Repo-Linked Lending Rate (RLLR). UCO Bank also offers different types of insurance covers on the home loans.

    MCLR 8.40% to 8.65% p.a.
    RLLR 8.05% to 8.15% p.a.
    Loan Amount No upper limit
    Processing Fees 0.5% of loan amount
    Penal Interest Rate Contact the bank
    Max Tenure 30 years
    Rate Packages Available Floating rate packages

    UCO Bank Home Loan Interest Rates

    Find below the interest rates offered by UCO Bank on different home loan products. The interest rate you’re offered will depend on your rating as categorized by the bank, and your home loan amount.

    UCO Bank Home Loan Schemes Interest Rates
    UCO Float Rate 8.05% to 8.15% p.a.
    UCO Home 8.40% to 8.65% p.a.

    Compare: Current Home Loan Interest Rate all Banks

    UCO Bank Home Loan Schemes

    Here are two of the home loan schemes offered by UCO Bank and their details:

    1. UCO Float Rate
      • Interest rate linked to the bank’s Repo Rate Linked Lending Rate
      • Interest rate is linked to applicant's credit score
      Interest Rate Processing Fees
      8.05% to 8.15% p.a. Contact the bank
    2. UCO Home
      • Interest calculated on reducing balance
      • For construction and purchase of flat or house
      • For renovation, repair, extension, and purchase of furnishings
      • Purchase of old flat or house not more than 30 years old
      Interest Rate Processing Fee
      Between 8.40% and 8.65% p.a. 0.5% of loan amount

    UCO Bank Home Loan EMI Calculator to Know Your EMI

    Use the home loan EMI calculator to get an estimate of how much your UCO Bank home loan EMI will be. Get to know not only the total interest payable but also the total repayment amount throughout your chosen loan tenure. All you have to do is enter your desired home loan amount, the interest rate, processing fee, and desired repayment tenure into the calculator. It will instantly generate the interest amount payable and total repayment amount.

    UCO Bank Home Loan Eligibility Criteria

    Age 21 years and up to 70 years (inclusive of repayment period)
    Nationality Resident and Non-Resident Indians
    Type of Employment Salaried and self-employed professionals

    UCO Bank Home Loan FAQs

    1. Does any security have to be furnished to avail the loan?

      Yes, the security required is the equitable mortgage of the property being financed.

    2. Should EMI be paid during the moratorium?

      No, interest is serviced only on a monthly basis.

    3. What is the maximum amount of home loan that I can avail?

      There is no upper limit for purchase or construction of a house or flat.

    4. How much loan amount can I avail for renovations, extensions, or repairs?

      The upper limit for this is Rs.25 lakh in metro/urban/semi-urban areas and Rs.7.5 lakh in rural areas.

    5. How is loan eligibility determined?

      Loan eligibility is determined on the basis of the repayment capacity and income of the borrower.

    6. Can the loan be repaid ahead of schedule?

      Yes, the loan can be repaid ahead of schedule and can be done either as a full payment or a part payment.

    7. Which method is used by UCO Bank for calculating the interest rate?

      UCO Bank calculates the interest rate based on the reducing method, which means that you don’t pay interest on the instalments that have already been repaid.

      

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    UCO Bank Home Loan Reviews

    • UCO Home Loan
      "Good Loan Services"
      0.5 5.0/5 "Blown Away!"
      Taken my home loan from UCO bank because they have offered me a interest rate of 8.4%. Chosen UCO bank because one of my relative is working over there. They took 1 month to sanctioned this loan. I got the loan amount of Rs. 10 lakhs. I pay the EMI amount of Rs. 15000 for the duration of 8 years.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Feb 15, 2020
    • UCO
      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? 3
      , chennai
      Reviewed on Nov 15, 2019
    • 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? 4
      , 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? 6
      , 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? 2
      , 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? 2
      , bangalore
      Reviewed on Sep 15, 2015
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