UCO bank stands among those banks that are particularly planned to extend financial assistance for a legitimate purpose to the borrowers at any point of the financial crisis. It coats medical expenses, commercial expenses, wedding, social expenses, etc.
It offers exciting financial products to its customers. Furthermore, UCO Bank with its great Personal Loan schemes provides support for all the sectors alongside small and large-scale industries, agricultural and farming areas, service, infrastructure and trading sectors.
Reasons to Choose UCO Bank Personal Loan
Following are the reasons why one should consider UCO Bank when in search of instant personal loans:
It provides with same interest throughout the entire tenure.
Easy documentation is available.
The borrowers can repay the loan in easy monthly instalments and can pay off it via auto debit or PDC or ECS.
It offers competitive pricing to the applicants.
The disbursal takes place within a matter of 2 days.
The process is transparent.
The user can apply online for UCO Bank Personal Loan and obtain approval within 4 hours.
UCO Bank provides a maximum loan of up to Rs. 25 lakhs for salaried individuals.
Flexible repayment options range from 1 year to 5 years.
Features of UCO Bank Personal Loan
Following are the features that one can relish on availing of the personal loan from UCO Bank. This will also clear you why choosing UCO Bank personal loan stands out to be handy. Let’s take a look:
Repayment capacity
UCO Bank takes care of a person’s repayment capacity before extending them a loan and before deciding the rate of interest. The bank confirms that after paying the EMIs, the user will have an adequate quantum of funds left for the remaining month. The bank also takes into consideration of the borrower’s assets and creditworthiness.
Borrowing class
Banks prefer giving loans to those applicants that possess a gentle income. UCO Bank offers Personal Loans to permanent employees, self-employed, businessmen, and pensioners. They extend loans with minimum documentation and fast verification.
Low rates of interest
UCO Bank extends outstanding rates of interest for its customers. The interest rate ranges from 10.99% p.a. to 20% p.a. depending upon the applicants’ credit score.
Exciting offers for women
With the Personal Loan designed especially for women, UCO Bank offers an exclusive loan scheme to women. It renders with plans which are suitable for best-suited for working women to meet their needs and objectives.
No collateral or Security
The applicant who wishes to avail of a Personal Loan from UCO Bank doesn't require any collateral or security assets to apply for the loan. There are only a few banks that provide such feature to their customers.
Online application process
The applicant who doesn't wish to walk out to the bank and apply for the loan can roll in the hay online. Online application forms are available for the customers to fill it up at their home without any hassle.
24/7 customer service
The applicant gets the advantage of efficient customer support throughout the lending procedure. Customers can contact the customer desk of the bank via a call or message.
Time limit
The loan requests to be paid off in equated monthly instalments. The Bank provides flexibility when it comes to repayment tenure; although, the utmost deadline to thoroughly pay off the loan is 5 years. The borrower can pick to either boost the EMI amount or repay the mortgage quicker or lower the EMI amount.
Conclusion
To sum up, you can avail of a personal loan from UCO Bank if you are seeking immediate access to funds to gratify your needs or goals. Although, you must consider checking on multiple factors of the personal loan offer of UCO Bank and then choose following your needs and affordability. You can also consider getting in touch with the bank’s customer associate by dialing UCO Bank personal loan customer care number.
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