Simple ways to Check UCO Bank Personal Loan Interest Rates

One can avail of UCO Bank Personal Loan at interest rates of 9.85% per annum. For this bank, you can apply for a maximum loan sum of Rs.10 lakh. The shortest loan term is 12 months, while the longest is 60 months. You can check UCO Bank Personal Loan Interest Rates at attractive rates.  

You can use these loans to pay for medical bills, wedding expenses, consumer goods such as laptops and refrigerators, and much more. One can get primary two loan options: UCO Cash, which is solely available to salaried workers, and UCO Shopper Loan Scheme, which is open to both salaried and self-employed individuals. The bank also has a special loan program for retirees. 

Particulars	UCO Cash	UCO Shopper Loan Scheme
Interest Rate	11.45% to 11.70% p.a.	9.85% to 10.85% p.a.
Loan Tenure	Up to 60 months (5 years)	Up to 60 months (5 years)
Loan Amount	Maximum Rs.10 lakh	Maximum Rs.2 lakh
Employment Status	Salaried individuals	Salaried and self-employed
Credit Score	Ideal score – above 700	Ideal score – above 700

Features of UCO Bank Personal Loan Interest Rates 

Here are some features of UCO Bank Personal Loan Interest Rates: 

• Loan amount: UCO Bank assures that all of the personal financial demands are met with less effort by offering a loan sum of up to Rs.15 lakh. 
• A tenure that can be changed: The UCO Bank Personal Loan can be repaid in as little as 60 months, depending on your repayment capabilities. 
• Loan Schemes: UCO Bank offers a variety of personal loan schemes to fulfill the demands of different clients. 
• Simple to use: UCO Bank personal loans can be applied online with minimal documents and effort. 

UCO Bank Personal Loan Schemes  

Customers can choose between two personal loan schemes offered by UCO Bank, based on what they want to buy. The UCO Cash Loan option is available to salaried customers and can be used for any purpose. Customers who want to buy consumer durables can take advantage of the UCO Shopper Loan Scheme. This includes computers, refrigerators, televisions, and other electronic devices. 

Type of Personal Loan	Interest Rate (p.a.)
UCO Cash (Women)	10.05% onwards
UCO Cash (Men)	10.30% onwards
UCO Pensioner Loan (for UCO staff pensioners)	9.45% onwards
UCO Pensioner Loan (for other pensioners)	10.45% onwards
UCO Shopper Loan Scheme (salary tie-in/secured)	8.45% onwards
UCO Shopper Loan Scheme (others)	9.45% onwards

Factors affecting UCO Bank Personal Loan Interest Rates  

Here are some factors affecting UCO Bank Personal Loan interest rates mentioned below:  

• Gender: Different interest rates are available depending on your gender. Women borrowers can take advantage of cheaper rates at UCO Bank. 
• Credit Score: Your credit score indicates whether you pay the loan EMIs and invoices on time or not. A good score indicates to the bank that you are a low-risk customer. This may entice them to offer you a reduced interest rate. 
• Salary level: If you have a greater income, you may be able to borrow a larger sum from the bank. Aside from that, they may offer you reduced rates because you have a greater ability to repay the loan. 
• Job stability: The bank may consider you to have a steadier job if you work for a reputable company. A solid job means a steady income. 
• Salary level: If you have a greater income, you may be able to borrow a larger sum from the bank. Aside from that, they may offer you reduced rates because you have a greater ability to repay the loan. 
• Job stability: The bank may consider you to have a steadier job if you work for a reputable company. A solid job means a steady income. 

Types of UCO Bank Personal Loan  

UCO Cash  

• Personal loans of up to Rs. 15 lakh are available through UCO Cash. 
• It could be for a wedding, medical emergency, higher education, vacation, or other personal reasons. 
• The loan repayment for over a period of up to 60 months. 
• This loan does not need any type of collateral or security. 

UCO Pensioner Loan  

• Personal loans of up to Rs. 15 lakh are available through UCO Cash. 
• It could be for a wedding, medical emergency, higher education, vacation, or other personal reasons. 
• The loan repayment can be over a period of up to 60 months. 
• This type of loan does not demand any type of collateral or security. 

Type of Applicant	Pension Loan Amount
If you’re a pensioner with a family pension and your spouse is still living.	12 times monthly pension subject to:   • Rs. 10 lakh maximum for age up to 70 years   • Rs. 5 lakh maximum for age 70 to 74 years
• Family pensioners, i.e. a spouse who receives a pension after the pensioner’s death   • Pensioners without a family pension provision   • Pensioners whose predeceased spouse receives a pension	10 times the monthly pension, up to a maximum of Rs. 3 lakh

UCO Shopper Loan Program 

• UCO Bank Shopper Loan Scheme provides up to Rs.2 lakh in loans. 
• Individuals can use the UCO Bank Shopper Loan Scheme to acquire consumer durables such as refrigerators, televisions, air conditioners, computers, and other electrical items. 
• Low-interest rates begin at 8.45% per annum and go up from there. 

Conclusion 

Before applying for a loan, make sure to verify your credit score. You can compare personal loan schemes offered by UCO Bank using multiple criteria such as loan principal, personal loan interest rates, loan tenure, and others. Thus, you can also visit Afinoz.com for more details.