UCO Bank is offering Pre-Qualified Personal loan instantly at your convenience on 24*7 basis in just few clicks. Our Pre-Qualified Personal Loans offer a quick and stress-free way to access the fund you need whether you’re planning a major purchase or managing unexpected expense, our pre-qualified loan process ensures a seamless experience with no physical document required. It does not require any collateral or security.
Presently, this loan is being offered to Selected UCO bank savings account customers fulfilling certain pre-defined criteria.
Customer can apply for Pre Qualified Personal loan with their mobile no/saving account no/customer id by clicking on Start Application
KEY FACT STATEMENT (Illustration)
Particulars
Details
Purpose
Any personal purpose other than speculative purpose.
Eligibility Criteria
Selected UCO bank savings account customers fulfilling certain pre-defined criteria.
Nature of facility
Term Loan
Minimum & Maximum Loan Amount
Minimum: Rs.25000/- Maximum: Rs. 400000/-
Credit Score Requirement
Credit Score Check will be conducted at the time of application of the loan. Minimum CIBIL Score of 725 is required.
Nil (Repayment to start from the month of disbursement of the loan)
Security
No collateral security is required.
CIBIL Charges
Rs.150/- + GST to be deducted upfront from operative account.
Documentation/Processing Charges
Nil
Cooling off/ look-up period
Three days from the date of sanction/disbursement.
Penal Charges
In case of default in repayment/delay in repayment/non-compliance of terms of sanction, penal charge on outstanding amount @ 2% + GST on yearly basis will be charged Default charges to be calculated on daily basis for the entire period of irregularity
Documentation
Sanction letter containing terms and conditions of loan is to the digitally accepted using OTP based e-authentication through Aadhaar.
Repayment of Loan Instalment
Repayment of loan instalments will be through Auto Recovery mode.
Disbursement
Eligible loan amount shall be disbursed to the Savings Account of applicant instantly.
Point of Contact
For any query please contact Base Branch Customer Care: 18001030123 For Technical issues Landline: 03344559409 Email:- mailto:digital.lending@ucobank.co.in
Only Individual customers maintaining Savings Account/Salary account with our Bank is eligible.
Saving account should be
Age of the customer must range from 21 Years to 60 Years
Status of the account must be Active.
Mode of operation of the account must be Self.
Constitution of account must be individual.
No other linked loan account must be categorized SMA-1, SMA-2 or NPA at the time of updation of eligible data base.
PMJDY/No frill saving account holders are not eligible under this scheme.
NRI/Illiterate account holders are not eligible under this scheme.
Minimum CIBIL Score of 725 is required.
Standing Instruction from your savings/overdraft account is automatically created towards recovery of EMI of Loan.
Loan proceeds should not be used for any speculative purposes
In case of delay in payment of EMI by one month or more penal interest @2% p.a.will be charged on the amount of default of the period. i.e. w.e.f due date
*Please Note:-Read all the terms and condition carefully before applying, In case of wrong submission of required data, application will be rejected.