Know Here: Why UCO Bank Personal Loan Is Virtuous For You?

Undoubtedly, UCO bank personal loan is among those personal loan products that certainly extend financial assistance for a legitimate cause to the borrowers at any point of the financial crunch. It covers multiple sorts of expenses, i.e., medical expenses, commercial expenses, wedding, social expenses, etc. 

It gives appealing financial products to its customers. Moreover, with its great Personal Loan schemes, UCO Bank gives assistance for all the segments along with small and large-scale sectors, agricultural and farming segments, service, infrastructure and trading industries. 

Why Choose UCO bank Personal Loan? 

The following reasons will answer you, why you should consider UCO Bank when you are in need of  instant personal loans: 

• It gives with same interest across the whole loan term. 
• Simple documentation is available. 
• You can pay back the loan in EMIs and can repay it via auto debit or PDC or ECS. 
• It offers competitive rates. 
• The disbursal happens within 2 days. 
• The process is sheer. 
• You can apply for UCO Bank Personal Loan online and get approval within 4 hours. 
• The bank gives a maximum loan of up to Rs. 25 lakhs for salaried individuals. 
• Flexible repayment alternatives range from 1 year to 5 years. 

What are the Features of UCO Bank Personal Loan?  

Below we have stated the features that you can get on availing of the personal loan from UCO Bank. This will also make it clear that why opting for UCO Bank personal loan is handy. Take a look now:  

• Repayment capacity 

The bank takes care of your repayment capacity prior to giving you a loan and before deciding the rate of interest. 

It confirms that post paying the EMIs, you will have an ample amount of funds left for the balance month. 

The lender also considers your assets and creditworthiness. 

• Appealing Offers for Women

Using Personal Loan structured particularly for women, UCO Bank gives an exclusive loan scheme to women. It gives plans which are fit for working women to fulfil their needs and goals. 

• Borrowing class 

UCO Bank prefers giving loans to applicants who have a gentle income. The bank offers Personal Loans to permanent employees, self-employed, businessmen, and pensioners. Besides, they give loans with minimum documentation and quick verification. 

• Low-interest rates 

UCO Bank gives outstanding interest rates to its customers. The interest rate varies from 10.99% p.a. to 20% p.a. based on your credit score. 

• No collateral or Security 

If you wish to avail of a Personal Loan from UCO Bank, you will not be required to promise any collateral or security assets against the same. 

• Time limit 

UCO Bank gives flexibility when it comes to repayment terms; even though, the utmost deadline to thoroughly repay the loan is 5 years. You can pick to either improve the EMI amount or pay back the mortgage swifter or reduce the EMI amount. 

• Online application process 

If you do not want to visit the bank and apply for the loan then you can step towards the online medium. 

Digital application forms are available for the customers to fill in at their ease with no hassle. 

• 24/7 customer service

You get the benefit of effective customer assistance across the lending process. You can contact the bank’s customer desk by means of a call or message. 

The Final Stroke  

To conclude, you can take out a  personal loan from UCO Bank  if you need immediate access to funds to meet your needs or goals. However, you must take into consideration to figure out the product across multiple factors and then choose as per your needs and affordability. 

Besides, you can also consider contacting the bank’s customer associate by dialing the UCO Bank personal loan customer care number.