UCO Bank Loan Against Property

Disclaimer: UCO Bank is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to UCO Bank for loan against property. No offers/services from UCO Bank are being provided by Paisabazaar for loan against property. For further information about UCO Bank for loan against property, users are required to reach out directly to UCO Bank.

UCO Bank Loan Against Property Highlights
Interest Rate	9.50%-11.25% p.a.
Loan Amount	Up to Rs 5 crore
Tenure	Up to 12 years
Processing Fee	0.50% of loan amount (up to Rs 2 lakh)
Minimum Income	For Salaried: Rs 30,000 per month (metros); Rs 20,000 (other locations) For Non-Salaried: Rs 4 lakh p.a.

UCO Bank Loan Against Property Interest Rates

UCO Bank LAP interest rates start from 9.50% p.a. The lender has disclosed its Loan Against Property interest rates based on the CIBIL Score and the type of applicants availing Loan Against Property from UCO Bank.

Floating Interest Rates

UCO Property Loan

CIBIL Score	Interest Rates (p.a.)
800 or above	9.50%
750 to 799	9.75%
700 to 749	10.25%
650 to 699	10.75%
Below 650	11.25%

UCO Rent

Type of Applicants	Interest Rates (p.a.)
Owner of UCO Bank branch premises	10.10%
Owners of the premises of other banks’ branches or where the tenants are PSUs, reputed corporates, Insurance companies, Financial Institutions and MNCs	10.25%
Other property owners requiring repayment tenures of up to 3 years	10.95%
Other property owners requiring repayment tenures of above 3 years	11.20%

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender	Interest Rate (% p.a.)
State Bank of India	9.20-10.50	Apply Now
Bank of Baroda	10.85-18.35	Apply Now
PNB Housing Finance	9.25-15.00	Apply Now
IDFC First Bank	9.00-16.50	Apply Now
HDFC Bank Limited	9.50-11.00	Apply Now
L&T Housing Finance	9.50 onwards	Apply Now
LIC Housing Finance	9.50-11.55	Apply Now
Godrej Housing Finance	9.75 onwards	Apply Now
ICICI Bank	10.85-12.50	Apply Now
Tata Capital	9.00 onwards	Apply Now
Axis Bank	10.50-10.95	Apply Now
Punjab National Bank	10.15-14.00	Apply Now

UCO Bank Loan Against Property Fees and Charges

UCO Rent

Particulars	Charges
Processing Fee	Up to 0.50% of loan amount (up to Rs 2 lakh)
Pre-payment Charges	NIL when pre-payment is done through borrower’s own fund 1% in other cases

Types of UCO Bank Loan Against Property

UCO Property Loan

Purpose:

• To meet the personal requirements of the borrowers
• For individuals and firms/companies to meet the financial needs of MSE units. Agricultural needs and other purposes fall under Priority Sector Norms

Loan Amount:

• For Individuals: Rs 2 lakh-Rs 2 crore
• For firms/companies: Rs 2 lakh-Rs 5 crore

Tenure: Up to 12 years

UCO Rent

Purpose: Loan against rent receivables for productive purposes like undertaking repairs, renovation, augmenting earnings, etc.

Loan Amount: Minimum Rs 1 lakh

LTV Ratio:

Applicant Type	LTV Ratio
Owners of the premises of other banks’ branches or where the tenants are PSUs, reputed corporates, Insurance companies, Financial Institutions and MNCs	Up to 70% of total rent receivables
Other property owners	50% of total rent receivables

Tenure: Up to 10 years

Eligibility Criteria for UCO Bank Loan Against Property

UCO Bank evaluates the eligibility of Loan Against Property applicants based on the following criteria:

For UCO Property Loan

• Salaried, self-employed or pensioners falling under age group 21-65 years are eligible for Loan Against Property at UCO Bank
• Professionals and businessmen should have regular income source and should be filing ITR
• Minimum Income:
  • For Salaried-
    • Minimum Gross Salary should be Rs 30,000 per month (metro cities)
    • Minimum Gross Salary should be Rs 20,000 per month (other areas)
  • For Non-Salaried- Rs 4 lakh p.a.
    • The Net Take Home Pay should not be less than 40% after considering all the deductions such as provident fund, insurance, income tax, professional tax monthly EMIs of proposed loan and other statutory deductions

For UCO Rent

• Lessors/owners of houses/flat/godowns/warehouses, etc. are eligible to apply for UCO Rent.
• Properties belonging to co-operative societies are not eligible for loan sanction under UCO Rent