UCO Cash
Purpose: Personal loan scheme for meeting the personal requirements like marriage, education, social obligations, agricultural needs, etc. of employees of Central/State government and private universities/colleges/school teaching staff
Loan Amount:
- For Central/State Government Employees-
- Employees maintaining their salary accounts with UCO Bank- 20 times of gross monthly income subject to a maximum of Rs 20 lakh.
- Employees not maintaining their salary accounts with UCO Bank-5 times of gross monthly income subject to a maximum of Rs 5 lakh.
- For other than government employees- 10 times of gross monthly income subject to a maximum of Rs 10 lakh.
- For non-salaried individuals- 5 times of gross monthly income subject to a maximum of Rs 5 lakh.
Tenure:
- For Central/State Government Employees- Up to 7 years
- For other than government employees- Up to 5 years
- For non-salaried- Up to 5 years
Processing Fee: 1% of the loan amount (minimum Rs 750)
UCO Pensioner Loan
Purpose: Pension loan offered to pensioners/family pensioners receiving pension through UCO Bank to meet the expenses related to medical treatments, marriage, education, home improvement, mediclaim premium payments, travel, funeral and agricultural needs of self and dependents
Loan Amount:
12 times of monthly pension subject to –
- Maximum Rs 10 lakh for age group up to 70 years.
- Maximum Rs 5 lakh for the age group above 70-74 years.
For family pensioners/pensioners without family pension provision/pensioners where the spouse has died before- 10 times monthly pension subject to a maximum of Rs 3 lakh.
Tenure:
- Up to 4 years, before the pensioner reaches 75 years of age
- For family pensioners/pensioners without family pension provision/pensioners where spouse has died before- Up to 4 years or before the pensioner reaches 72 years of age
Processing Fee: NIL