UCO Bank Pension Loan Features
| UCO Bank Pension Loan Interest Rate | 3.40% |
| UCO Bank Pension Loan Processing Fee | 1% |
| UCO Bank Pension Loan Tenure | 36 months |
| UCO Bank Pension Loan Amount Minimum | Rs. 25000 |
| UCO Bank Pension Loan Amount Max | 14 lacs |
| UCO Bank Family Pension Loan Amount Minimum | 2.5 lacs |
| UCO Bank Family Pension Loan Amount Max. | 5 lacs |
| UCO Bank prepayment | 3% |
| UCO Bank foreclosure | 3% |
UCO Bank Pension Loan Eligibility
For the UCO Bank to be eligible for a loan, one of the prerequisites is that one of all former employees of the company includes a rental statement. It would be easier if you were the beneficiary of the government, PSU or central government at the same time. You can take home 60% of the monthly rent together when you pay the bank fee.
UCO Bank Pension Loan Eligibility for Central and State Government Pensioners
| Eligibility Criteria | Key Features |
| Employer Type | Central and State Government |
| Applicant’s Age | Below 76 years of age |
| Account Type | Pension payment order maintained by Bank |
| Treasury Terms | Written consent from the treasurer not to accept any pension transfer requests |
| Guarantee Terms | By the spouse (eligible for a family pension) or any other third party |
UCO Bank Pension Loan Eligibility For Defence Pensioners
| Eligibility Criteria | Key Features |
| Employer Type | Armed Forces, Paramilitary Forces, Coast Guards, Rashtriya Rifles, Assam Rifles |
| Applicant’s Age | Below 76 years of age |
| Account Type | Pension payment order maintained by Bank |
| Treasury Terms | Not applicable |
| Guarantee Terms | Not applicable |
UCO Bank Pension Loan Eligibility For Family Pensioners
| Eligibility Criteria | Key Features |
| Employer Type | Central and State Governments including all Armed Forces |
| Applicant’s Age | Below 76 years of age |
| Account Type | Pension payment order maintained by Bank |
| Treasury Terms | Not applicable |
| Guarantee Terms | Authorized members of the family under the family pension scheme |
Maximum Eligible Loan Amount and repayments
For Central and State Government Pensioners:
| Age | Max Loan Amount (18 months Pension or Less) | Repayment Period | Age at the time of full Repayment |
| Below 72 years | ₹ 14.00 Lakh | 60 months | Up to 77 years |
| 72 – 74 years | ₹ 12.00 Lakh | 48 months | Up to 78 years |
| 74 – 76 years | ₹ 7.50 Lakh | 24 months | Up to 78 years |
For Defense Pensioners:
| Age | Max Loan Amount (18 months Pension or Less) | Repayment Period | Age at the time of full Repayment |
| Below 56 years | ₹ 14.00 Lakh | 84 months | Up to 63 years |
| 56 – 72 years | ₹ 14.00 Lakh | 60 months | Up to 77 years |
| 72 – 74 years | ₹ 12.00 Lakh | 48 months | Up to 78 years |
| 74 – 76 years | ₹ 7.50 Lakh | 24 months | Up to 78 years |
For Family Pensioners (including Defense Pensioners):
| Age | Max Loan Amount (18 months Pension or Less) | Repayment Period | Age at the time of full Repayment |
| Below 72 years | ₹ 5.00 Lakh | 60 months | Up to 77 years |
| 72 – 74 years | ₹ 4.50 Lakh | 48 months | Up to 78 years |
| 74 – 76 years | ₹ 2.50 Lakh | 24 months | Up to 78 years |
Interest Rate On UCO Bank Personal Loan For Pensioners
The loan prices for the UCO Pension Loan are, for example, 3.40% lower than the termination of the terms of the former retirees on their termination days.
Document Required For UCO Bank Pension Loan
Income proof:- Bank Account Statement and PaySlips
Identity proof:- Passport, Voter ID card, Pan Card, Driving License, Aadhaar Card. (you can present any of these)
Address proof: Ration Card, Bank Account Statement, Passport, Driving License, Light bills, Property purchase contract, Aadhaar Card. (you can present any of these)
Loan Amount On UCO Bank Personal Loan For Pensioners
The minimum loan amount is Rs. 25000 The maximum amount of the loan is 14 lacs and, therefore, the amount of the loan depends on the life of the pensioner and hence the pension he/she chooses.
For State and Central Government Pensioners:
| Age | Minimum Loan Amount | Maximum Loan Amount | Additional Ceiling Amount | Loan Tenure |
| Less Than 72 Years | 25000 | 14 Lakh | 18 Months Pension | 60 |
| 72 to 74 Years | 25000 | 12 Lakh | 18 Months Pension | 48 |
| 74 to 76 Years | 25000 | 7.5 Lakh | 18 Months Pension | 24 |
For Defence Pensioners:
| Age | Minimum Loan Amount | Maximum Loan Amount | Additional Ceiling Amount | Loan Tenure |
| Up to 56 Years | Rs 25000 | 14 Lakh | 36 Months Pension | 84 |
| Less Than 72 Years | Rs 25000 | 14 Lakh | 18 Months Pension | 60 |
| 72 to 74 Years | Rs 25000 | 12 Lakh | 18 Months Pension | 48 |
| 74 to 76 Years | Rs 25000 | 7.5 Lakh | 18 Months Pension | 24 |
For Family Pensioners:
| Age | Minimum Loan Amount | Maximum Loan Amount | Additional Ceiling Amount | Loan Tenure |
| Less Than 72 Years | 25000 | 5 Lakh | 18 Months Pension | 60 |
| 72 to 74 Years | 25000 | 4.5 Lakh | 18 Months Pension | 48 |
| 74 to 76 Years | 25000 | 2.5 Lakh | 18 Months Pension | 24 |
About UCO Bank
UCO Bank, previously United Commercial Bank, founded in the year 1943 in Kolkata, is a central government-owned commercial bank of India. During FY 2013–14, its real business was ₹ 4.55 lakh crore. Based on the year 2014 data, it is ranked 1860 on the Forbes Global 2000 list. UCO Bank was ranked 294th position among India’s most trusted brands.
FAQs on UCO Bank Pension Loan
✅ Can you get a loan on a pension?
UCO Bank pension loan is easy for the beneficiaries of Central and State Governments. Protection of pensioners and families of pensioners above 76 years of age.
✅ How much loan can a pensioner get?
The amount of personal credit loans for beneficiaries alternates for several advance benefit providers. UCO Bank pension loans can benefit from Rs 14 lacs to Rs 25,000.
✅ What is the pension loan scheme?
The UCO Bank Pension Loan Scheme incorporates the financial needs of government, defence and family pension after retirement.
✅ How can you get UCO Bank Pension Loan?
You can apply online on Dialabank, or you can ask your inquiries at 9878981166.
