When it comes to take a personal loan, almost every borrower will go with a lender offering low-interest rates, charges and flexible loan amounts. The UCO Bank personal loan 2021 could serve you these things better than any other lender in the market.
It is a nationalized bank under the ministry of finance covering the entire country. It shows you will have not issues while applying. We will explore the loan amount, criteria, check personal loan status after applying, etc.
UCO Bank Personal Loan 2021
The UCO Bank personal loan 2021 comes with an affordable interest rate and low fee. In addition, there are multiple types of loans to make sure a borrower has plenty of choices.
The loan amount is offered up to Rs 10 lakhs as per the borrower’s eligibility.
The loan term is up to 5 years.
The interest rate starts at 8.45% per annum.
The processing fee is up to 1% of the sanctioned loan amount.
The foreclosure or prepayment charge is NIL.
The late payment penalty will be as per the loan agreement.
Types of UCO Bank Quick Loans
Currently, the UCO Bank personal loan 2021 offer 6 types of loan.
UCO Cash personal loan for men and women
UCO Pensioner loan for staff and other personal
UCO Shopper loan
UCO Bank personal loan 2021 for travel and holidays
UCO Cash loan - The loan amount is offered up to Rs 10 lakhs. It could be used for wedding, medical or educational purposes. It does not require collateral. The term is up to five years. UCO Pensioner loan – This short-term loan is offered to both pensioners from UCO bank and outsiders. War widows are too eligible for the loan if the pension is routed via UCO. The loan tenure is up to 4 years. It may or may not require collateral.
UCO Shopper loan – If you want to buy a consumer durable or shopping, the loan amount is granted up to 2 lakhs with an interest rate of 8.45% P.A UCO Yatra loan - If you want to finance your holiday or travel expense via UCO Bank personal loan 2021, this loan is for you.
What is the eligibility criteria for UCO bank personal loan 2021?
The person should be a salaried individual in a government or private organization.
The salary should be at least Rs 10,000 per month.
The person should be a self-employed professional such as doctor, engineer or architect.
The age limit is from 21 years to 65 years for salaried and self-employed individuals.
There might be a requirement of a guarantor depending upon borrower eligibility.
There should be an Ideal CIBIL Score.
Features of UCO Bank Personal Loan 2021
The processing fee for pensioners is zero.
The collateral is not necessary.
The UCO Bank personal loan 2021 is transparent.
The terms and conditions are simple.
It needs minimal documents to apply.
Required Documents for UCO Bank Loan
The loan application form
I.D. proof – Aadhar card, PAN card, Driving license
Address proof – The electricity bill, utility bill, passport size photographs
Salary slip and bank statements
ITR and form 16
How to apply?
To apply for UCO Bank personal loan 2021, you can visit Afinoz.com. Here, sign up on it to begin the process. Then a representative will contact to complete the verification. Once done, the loan amount gets disbursed.
UCO Bank Personal Loan Status 2021
If you are interested in knowing the personal loan status after applying, there is a way to do it on Afinoz.com. from the menu, use the track application features. There you will see the latest UCO Bank personal loan status 2021. It is easy and quick to complete.
Conclusion
The UCO Bank personal loan 2021 gives an ideal loan. The charges are minimal with a quick process. Overall you will get a good deal.
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