(Updated on 10.01.2019) UCO Bank Home Loan EMI Calculator January 2019: Get Instant Quick & Easy Approval on UCO Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure ✓ Processing Fee ✓ Eligibility ✓ Best Offers & more.
UCO Bank Home Loan Interest Rate
| UCO Bank Home Loan Interest Rates | |
| Loan Slab | Rate of Interest |
| Upto Rs. 30 lacs | MCLR of 1 year i.e 8.70% p.a |
| Above Rs. 30 lacs to Rs. 75 lacs | MCLR of 1 year plus 0.10% i.e 8.80% p.a |
| Above Rs. 75 lacs | MCLR of 1 year plus 0.25% i.e 8.95% p.a |
- Processing Fee – 0.5% of the loan amount, minimum Rs. 1500/- & maximum Rs. 15000/-
- Repayment – The maximum period of repayment is 30 years/360 EMI but should not be beyond 70 years in case of all class of borrower.
- Security – 1. EMTD pf property financed. (2) No third party guarantee.
- Prepayment Charges – NIL
UCO Bank Home Loan – Instant Quotes Online
UCO Bank Home Loan
UCO Bank is one of the leading financial institutions to provide Home Loan at extensively competitive rates of interest. UCO Bank Home Loan has been skillfully tailored to cater to the diverse needs of every individual to have a house/flat of their own. UCO Bank home loan is popularly known for its best home loan rates, longer tenor period, attractive offers on Loan Transfer from other banks, Interest calculated on daily reducing balance, loan and family Insurance Cover on Home Loan, Income Tax benefit, simple documentation and much more. Know your home loan eligibility with Home loan Eligibility Calculator and get instant home loan approval.
UCO bank also provides UCO Personal Loan at the most attractive rates of interest to help you financially at your utmost financial crisis.
UCO Bank Home Loan Types
1) UCO Pre-approved Home Loan
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A facility for Home Loan applicants by providing In-principle sanction of home loan based on eligibility/entitlement as per Income Criteria under UCO Home Loan scheme where applicant has not yet identified/finalised the property.
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Individual (including NRI and PIO) having minimum 21 years of age and maximum 70 years of age (all class of borrower) inclusive of repayment period.
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Processing fees: 0.25% of pre-approved loan amount) minimum Rs. 1,000/-, Maximum Rs. 10,000/-
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Pre-Approval sanction letter valid for 4 months
2) UCO Top-up Home Loan
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Loan for existing Home Loan borrowers to meet their various needs with regards to their children’s education, repair, renovation & furnishing of house, business needs, agriculture purpose etc.
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All Home Loans borrowers with regular repayment record of at least 36 installments after moratorium, have no overdue in existing Home Loan account and valid mortgage have been created in favour of the Bank.
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Loan amount Min. 1 lakhs to Max. 25 lakhs
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Processing fees: 0.10% of the loan amount, Maximum Rs. 10,000/-
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1.40% over MCLR of 1 year, present effective rate: 9.95% p.a
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NIL – pre-payment charges.
UCO Bank Home Loan EMI Calculator
UCO Bank Home Loan EMI Calculator
| Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds. |
UCO Bank Home Loan Eligibility
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Any Individual.
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Loan for NRI and PIO.
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Applicant’s minimum age of 21 years and maximum 70 years of age (all class of borrower) inclusive of repayment period.
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Other eligibility will also be taken into account.
UCO Bank Home Loan Documents Required
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Signed application form with photographs .
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Proof of identity- Passport, Voter’s ID, Driving License, PAN Card etc.
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Address Proof- Ration Card, Electricity or Telephone Bill, Passport, Trade License, Sales Tax certificate etc.
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Copy of PAN Card.
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Proof of Income for Salaried Applicants- Salary certificate or last 3 months salary slips, Income tax returns for the last 2 years or Form 16 and bank statements for the last 6 months.
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Proof of Income for Self Employed Professionals, Self Employed Non-Professionals and Business- Proof of business existence and education qualification certificate, Business profile, Tax returns for the last 2 years (attached with audited balance sheet and P&L).
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IT returns for last 2 years and bank statements for the last 12 months (both self and business). Aside from these, the Federal Bank can request you for additional documents and proof .
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Other documents are also necessary as per bank’s norms.
UCO Bank Home Loan Prepayments – Nil Pre-Payment charges
UCO Bank Home Loan MCLR January 2019
| Loan Tenure | MCLR |
| Overnight | 8.15% |
| 1 Month | 8.25% |
| 3 Months | 8.35% |
| 6 Months | 8.60% |
| 1 Year | 8.70% |
UCO Bank Home Loan Margin
| Loan Amount | Margin |
|
Loan upto Rs 30 lacs |
90% |
|
Loan above Rs 30 lacs to Rs 75 lacs |
80% |
| Loan above Rs 75 lacs) of the project cost of construction or purchase price of house/flat as per agreement for sale | 75% |
Latest News on UCO Banks
(29.06.17) UCO Bank to raise Rs 3000 crore this fiscal – State-owned UCO Bank plans to raise Rs 3000 crore this financial year and was expecting to be in the black by 2018-2019.xecutive Director of UCO Bank Charan Singh said part of this Rs 3000 crore would be raised from the Life Insurance Corporation of India (LIC), adding that other fund raising options like follow-on issue or QIP would be explored.(Sources: The Times Of India)