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.
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UCO Bank Loan Against Property Highlights |
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| 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. |
Table of Contents
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% |
Check Lenders Offering Loan Against Property at Low Interest Rates Click Here
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 |
Check LAP Interest Rates For Various Lenders Click Here
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
Check Lenders Offering Loan Against Property at Low Interest Rates Click Here
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 Salaried-
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