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UCO CASH
This is a Personal Loan scheme to meet the domestic needs like marriage, medical, travelling and other social obligations.
Eligibility
Permanent Employees or those who have completed 3 years of service. Minimum take-home pay should be 40% of gross salary after all deductions including EMI against this loan. Regular income may also be reckoned for eligible quantum.
Quantum of loan
90% of the proposed expenditure or Rs. 2 Lacs whichever is lower. Additional amount may be sanctioned within the quantum ceiling to the existing eligible borrowers(Circular Ref.No.CHO/ADV/28/2002-03 dated 27-06-2002).
Security
Loan will be on clean basis with two guarantors – Spouse and other than Spouse having equal income with that of the applicant.
Click here for Interest Rates
Repayment
The loan amount with interest is repayable in 48 EMIs through salary deduction of employee borrower. But one year before retirement.
Service Charge : 1% (minimum Rs.500/-)
For more details please contact your nearest UCO Bank branch.
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