UCO bank under UCO Shelter scheme provides you housing loan to have your own house or flat. Bank charges reasonable rate of interest on the reducing balance i.e. interest is not charged on the loan installments that have been repaid from the due date of repayment. Loan is given for new independent house/ready built flat for residential purpose, furnishing of house, extension /repair/ renovation, etc. Bank also gives loan for more than one purpose and you can even avail personal loan also under certain conditions. Bank also gives insurance cover under UCO Griha Raksha Yojna Scheme of NICL and under UCO Griha Lakshmi Yojana Scheme in case of death of the borrower his outstanding balance is covered.
Highlights
Interest Rate
0%
Loan Amount
Rural Areas: Rs.25.00 Lac
Semi-urban or Urban and Metro Areas: Rs.100.00 Lac
Tenure
Min. - 5 Yrs.
Max. - 25 Yrs.
Interest Rates
Tenure
Interest Type
Interest Rate
Offer
10 - 15 Yrs.
Floating
10.5 %
5 - 10 Yrs.
Floating
10 %
1 - 5 Yrs.
Floating
10 %
20 - 25 Yrs.
Fixed
11 %
15 - 20 Yrs.
Fixed
11 %
10 - 15 Yrs.
Fixed
11 %
5 - 10 Yrs.
Fixed
11.5 %
1 - 5 Yrs.
Fixed
11.5 %
15 - 20 Yrs.
Floating
10.5 %
Fees & charges
Fees & charges
Processing Fee
0.5 %
Security
Security
Insurance cover on property under UCO Griha Raksha Yojna Scheme of NICL and personal accident benefit to the borrower is available on death only to cover the outstanding balance under UCO Griha Lakshmi Yojana Scheme (UCOGLYS).