Shopper Loan Scheme – UCO Bank Interest Rates 2021

UCO Bank offers an easy finance scheme for purchase of consumer durable such as Television, Refrigerator, Air Conditioner, Computer or any other Electrical or Electronics gadgets etc.

Uco Bank Shopper Loan Scheme Interest Rates

  • In case of Salary tie-up arrangement or Loan secured by 100% liquid collateral security – 9.05%
  • UCO Shopper- other cases – 10.05%

₹ 273,923 crores worth of Personal Loan Applications received! (last updated on 13 April 2021)

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Loan Amount

Employment Status



  • Existing customer of UCO Bank for a minimum period of six months
  • A self-employed/Professional/Businessman or A permanent employee of Govt. / SemiGovt./PSU/Universities or reputed private concerns with minimum service of 1 year and minimum remaining 5 years service period.

Income Criteria

  • Salaried borrower
    • Minimum gross salary of Rs.30000/-p.m at Metro Centres and Rs.20000/-p.m for other centres.
    • Minimum take home income of 40% p.m. after all deductions and EMI of the proposed loan or Rs.10000/-whichever is higher.
  • Non-salaried borrower
    • Minimum income of Rs. 4 lac p.a at all centres as per latest IT Return.
    • Minimum 40% surplus after considering EMI of proposed Loan and Income Tax and any other obligations or Rs.10000/- whichever is higher.

Age Criteria

  • Salaried Borrower : 21 to 60 years
  • Non-Salaried Borrower : 21 to 65 years

Amount of Loan

  • Maximum Loan Amount Rs.200000/- or 10 times of monthly take home pay whichever is less.

Processing Charge

  • 1.00% of the loan amount with Minimum Rs.1000/-


20% of the total article cost


  •  Maximum 60 Equated Monthly Installments.

Prepayment Charges

  • No pre-payment charges.