UCO Bank Personal Loan

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Why us?

Rates as low as 10.50%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
Unbiased Experts Advice

About UCO Bank Personal Loan

Are you feeling stressed for the unpaid debts? Or are you planning to go abroad for your higher studies but your savings doesn’t let you go? A personal loan is here as a solution for your financial troubles. It is an unsecured loan, which means there is no need of any collateral to avail the UCO Bank Personal Loan. You can use the loan amount as per your desire. You may use the UCO Bank Personal Loan for wedding purposes, to pay off your medical bills, for the renovation of your house etc.

About UCO Bank

United Commercial Bank is a bank which serves the people with services like banking, online banking, wealth management and loans. The headquarters of the UCO Bank is in Kolkata, India. The bank offer personal loans to meet the financial crisis of the people or to fulfil their overdue dreams.

UCO Bank Personal Loan Eligibility

There are some eligibility criteria that all the banks follow before providing a personal loan to the applicant. It is further classified into two categories, that are Salaried and Self-Employed in terms with the means of earning of the applicants.

Salaried Applicant:

  1. The age required for the salaried applicant is minimum  21 years to a maximum of 60 years.
  2. Income required for the salaried applicant for Metropolitan city is Rs. 20,000 and for the Non-Metropolitan cities, the income required is Rs. 15,000.
  3. Work Experience of the applicant should be of 3 years and at least 6 months in the current company.
  4. The applicant’s salary should come to the respective bank accounts.
  5. For a UCO Bank Personal Loan, the CIBIL score required is more than 700. It is one of the reasons for the approval of your loan.

Self-Employed Applicant:

  1. The age of the self-employed applicant should be minimum of 25 years to a maximum of 65 years.
  2. The ITR should be of at least  Rs. 2.5 lakh per annum and it should be filed from the last 3 years.
  3. For the UCO Bank Personal Loan, the CIBIL Score required is more than 700. Good CIBIL Score means maximum funding.
  4. Before availing a UCO Bank Personal Loan, your past debts should be clear.
  5. The business should be running well from the last 3 years if the applicant owns a business.

UCO Bank Personal Loan Interest Rates

UCO Bank Personal Loan

UCO Bank interest rates are low as compare to market.
The interest rate starts from 10.75% per annum. It depends on the customer’s profile and reequirement.

Documentation for UCO Bank Personal Loan

Every bank serves the facility of loan, keeping in view the documentation process. You will only enjoy the services of UCO Bank Personal Loan if you have the following documents.
  1. Identity proof: Aadhaar Card/ Voter Card/ Driving License/ Passport. Any one of these can be used as your Identity Proof.
  2. Residence proof: Aadhaar Card/ Voter Card/ Driving License/ Passport/ Ration Card/ Utility bills of last 3 months. You can use any one of them as your Residence Proof.
  3. For the rented applicants, it is mandatory to submit your Rent Agreement, Electricity and Water Bill on your name, on the address of your landlord.
  4. PAN Card is an essential document under the KYC formality, so it is a vital document in the procedure.
  5. The salaried applicant is required to submit their salary slip of the last 3 months and also the bank statement of the previous 6 months.
  6. The self-employed applicant is required to submit an ITR of the last 3 years and also have to provide the registration document of their business.
  7. The applicant has to give two coloured passport size photographs.

Advantages of UCO Bank Personal Loan

  1. Balance transfer option
  2. Flexible UCO Bank Personal Loan tenure
  3. Easy documentation
  4. Existing customer benefits
  5. Quick approval process

How to Apply for UCO Bank Personal Loan?

  1. Firstly visit our official website Dialabank.
  2. After that, fill the online application form of Personal Loan.
  3. Enter your contact number. It is mandatory.
  4. Our expert relationship advisors will get back to you with amazing deals on UCO Bank personal loan.

Why choose Dialabank for Personal Loan?

  1. Dialabank is the first financial helpline of India.
  2. It is very easy to avail loan from every bank online.
  3. It is a financial platform where you can check and compare different loan rates across different banks.
  4. We provide you with the best advice as per your need. Our Relationship Manager tries to solve your problems without charging anything in return.

FAQs About UCO Bank Personal Loan

Q. What is UCO Bank Personal Loan?

UCO Bank Personal Loan is a credit scheme that you can avail to fulfill all your personal desires and needs. You are not required to submit any security in exchange for the loan and a loan tenure of up to 60 months makes the repayment easy and burden-free.

Q. How does UCO Bank Personal Loan work?

UCO Bank’s Personal Loan is an unsecured loan that a person can avail by submitting their KYC documents and Income proof with the bank. After verification of your documents, the bank will transfer the money to your bank account. You can now use this money to finance any of your personal expenses.

Q. What is Personal Loan rate of interest in UCO Bank?

The rate of interest for Personal Loan starts at 10% per annum in UCO Bank. The rate of interest depends on the borrower’s profile.

Q. How can I get UCO Bank Personal Loan?

Simply visit the nearest UCO Bank branch with your documents and apply for a personal loan with your banker. You can also get a Personal Loan by applying online with Dialabank to avail easy processing and personalized assistance.

Q. How to apply for Personal Loan in UCO Bank?

You can apply for a Personal Loan with UCO Bank by visiting your branch with the requisite documents. You do not need any collateral in exchange for the loan and the loan amount can be used to meet any personal need.

Q. Why apply for UCO Bank Personal Loan?

UCO Bank Personal Loan is unsecured in nature, that is, you won’t need to provide any security to avail this loan. Also, the rates of interest are competitive and long tenure makes repayment easy. The fund disbursed in Personal Loan can be used for a big or small expense that you may have. To learn more about the benefits of Personal Loan visit Dialabank’s online platform or contact our financial helpline number.

Q. How much EMI on UCO Bank Personal Loan?

Calculate your UCO Bank Personal Loan EMI using your loan tenure, loan amount, and rate of interest. Use Dialabank’s EMI calculator to calculate your estimated EMI and apply for all your Personal Loan needs.

Q. How much CIBIL score required for UCO Bank Personal Loan?

A CIBIL score above 700 is preferred by UCO Bank for a Personal Loan. Being an unsecured loan your CIBIL score plays a big role in determining your loan eligibility as it calculates the risk of default for your lender.

Q. Minimum credit score needed for UCO Bank Personal Loan?

The credit score is a measurement and estimate of your creditworthiness. UCO Bank requires you to have a credit score in excess of 700.

Q. How to calculate UCO Bank Personal Loan EMI?

Use your loan amount, loan tenure, and rate of interest to calculate your Personal Loan EMI using the EMI calculator available on Dialabank’s website.

Q. What can I use UCO Bank Personal Loan for?

You can use your UCO Bank Personal Loan for a number of financial needs such as funding your marriage or that of a relative, pay all your bills, renovate or repair your home, fund your vacation or any other expense, and etc.

Q. Can I prepay UCO Bank Personal Loan?

When you feel the need to close your Personal Loan and have the needed funds, just visit your loan branch and apply for a foreclosure. You may be required to pay a prepayment fee.

Q. How to prepay UCO Bank Personal Loan?

Walk into your loan branch with all your loan documents and apply for a pre-closure of your Personal Loan. After payment of your outstanding loan amount and any other charges as shall be applicable, your UCO Bank loan will be closed.

Q. How to repay UCO Bank Personal Loan?

Repay your Personal Loan in easy burden-free EMIs that are automatically deducted from your bank account each month. UCO Bank’s Personal Loan can be repaid through post-dated cheques too.

Q. What documents are needed for UCO Bank Personal Loan?

Aadhar Card, Voter ID, PAN Card, Salary Slips, Bank Statement, and ITR File are the only documents that you will need for your UCO Bank Personal Loan.

Q. How to check UCO Bank Personal Loan status?

Visit your loan branch or contact the customer care number of UCO Bank to know the status of your loan application and stay updated.

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