Uco Bank Business Loan – Interest Rates 2024, EMI Eligibility Calculator
Uco Bank Business Loans ✓ Get Details on Documents ✓ Interest Rates ✓ Uco Business Loan EMI Calculator ✓ Processing Charges on Uci Bank Business loans Online.
| Interest Rate | 11.10 – 11.35% |
| Tenure | 1 Year to 10 Years |
| Loan Amount | Min Rs. 2,00,000 to Max Rs. 2 crore |
| Part Prepayment Charges | Nil Prepayment Charges after 6 EMI’s |
| Processing Fees | N.A |
UCO Bank Advantage on Business Loans:
- Low interest rates. Further, Uco bank will charge interest on a daily reducing balance!
- Low processing charges; only 2%-3% of loan amount
- No hidden costs or administrative charges.
- No security required ……which means minimal documentation…something that you had always wanted.
- No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan (1% of the loan amount will be charged if you repay the loan before 6 months)
- Long repayment period of up to 48 months.
Purpose
The loan will be granted for any legitimate purpose whatsoever (e.g. expenses for domestic or foreign travel, medical treatment of self or a family member, meeting any financial liability, such as marriage of son/daughter, defraying educational expenses of wards, meeting margins for purchase of assets etc.)
Eligibility
You are eligible if you are a self employed engineer, doctor, architect, chartered accountant, or a MBA with minimum 2 years experience.
UCO Bank Business Loan Interest Rates
For more details on interest rates, visit your nearest uco bank branch.
UCO Bank Business Loan EMI Calculator
Use below calculator to check how much emi per month you have to pay for business loan you gonna take from uco bank. enter your loan amount, interest rate and repayment period to calculate the business loan emi.
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Loan Amount
Your personal loan limit would be determined by your income and repayment capacity.
Minimum :
- Rs.24,000/- is offered in metros and urban centres.
- Rs.10,000/- in rural/semi-urban centres
Maximum : 12 times Net Monthly Income for salaried individuals and pensioners subject to a ceiling of Rs.10 lacs in all centres
Documents Required:
Important documents to be furnished while opening a Personal Loan Account:
- For existing bank customers(only) Passport size photograph
Repayment Options:
The loan is repayable in 48 EMI. You are allowed to pay more than the EMI if you wish to, without attracting any prepayment penalty.
Security – NIL
Processing Fee
Processing charges are 2-3% of the loan amount. This is among the lowest fees in the industry. Processing fees have to be paid upfront. There are no hidden costs or other administrative charges.
UCO Bank Business Loan Status
Borrower can track the business loan procedure of uco bank and application status by visiting branch or Online. You can track your business loan application by application or reference number.
Other Products from Uco Bank
- Uco Bank Personal Loan
- Uco Bank Home Loan
- Uco Bank Car Loan
- Uco Bank Credit Card
- Uco Bank Property Loan
- Uco Bank Two Wheeler Loan
- Uco Bank Education Loan
- Uco Bank Fixed Deposit Rates
- Uco Bank Gold Loan
Source: Uco Bank Official Website
