United Commercial Bank (UCO bank) in a drive to provide the necessary funds to micro businesses has brought out the UCO Bank Artisan Credit Card. The details of this credit card are given below:
UCO Bank Artisan Credit Card – Features
The features of this credit card are:
- The scheme provides artisans with the necessary funds in a timely and convenient manner
- A maximum of Rs. 2.00 lakh can be availed under this scheme
- Users can avail the loan as Cash Credit or Term Loan
- The margin is only 15% for loans over Rs. 50,000. There is no margin for loans under Rs. 50,000
- The interest rate charged on the loan amount is 10.30%. Do note that the mentioned interest rate is subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges
UCO Bank Artisan Credit Card – Eligibility
The eligibility criteria for UCO Bank Artisan Credit Card are:
- All the artisans involved in the manufacturing or the production process can apply for this card
- The artisans registered with the Development Commissioners (Handicrafts) are given preference
Please Note: UCO Bank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.
UCO Bank Artisan Credit Card – How to Apply
Customers that want to avail the benefits of UCO Bank Artisan Credit Card can do so by visiting the nearest UCO Bank branch. Click here to locate the nearest UCO Bank branch. Once there the customer can contact a bank official to guide them through the process.
Documents Required
The following documents are required to apply for UCO Bank Artisan Credit Card:
| Identity Proof | Passport, PAN Card, Aadhaar Card, Voter’s ID Card, Driving Licence, Photo Credit Card, Central and State Govt. issued Photo ID Proof, Defence ID Card, etc. |
| Residence Proof | Aadhaar Card, Ration Card, Passport, Bank Account Statement, Voter’s ID Card, Letter from any recognized public authority, Telephone Bill, Electricity Bill, Water Bill etc (not more than 3 months old), etc. |
| Income Proof | Salary Slips (not more than 3 months old), Bank Statements (not more than 3 months old), ITR, Form-16, etc. |
UCO Bank Artisan Credit Card – Overview
UCO Bank, formerly known as United Commercial Bank, was established in 1943 in Kolkata. The bank has become one of the most trusted financial institutions in the country. This has been noted by the Brand Trust Report as well which ranked it 294th in 2014. Moreover, the bank also ranked 1860 on the Forbes Global 2000 List in 2014. The bank was the brainchild of GD Birla who wanted an indigenous small commercial bank. After establishing itself the bank has seen continuous growth and established itself as a household name.