SSI Charter
UCO Bank
(A Govt. of India Undertaking)
Honours Your Trust
H.O. 10, B.T.M. Sarani, Kolkata - 700 001. Website: www.ucobank.com
SSI Charter
COMMITTED TO HELP Small Scale Units. A firm step to create more employment
Structured schemes especially designed to meet Credit requirements of SSI Sector
UCO Liquidity Finance
Term loan facility to meet liquidity constraints
UCO Mahila Shilpa Udyog
Collateral free loans with interest concession for Women entrepreneurs
Emergent Loan for SSI
Loans to meet emergent cash requirements
- Both term and working capital loan sanctioned for setting up of a new Industrial Unit or expansion / modernization / technological upgradation of an existing industrial unit.
- Simple Loan Application Forms
- Acknowledgement for receipt of Loan Application.
TIME NORMS :
Disposal of Loan Applications
| Upto Rs.25,000 | Two Weeks |
| Over Rs. 5 lacs | Four Weeks |
| Upto Rs.5 lacs | Eight to Nine Weeks |
COLLATERAL FREE LOANS :
No collateral security/Third Party Guarantee is required.
- For loans upto Rs.5 lacs
- For loans upto Rs.25 lacs on the basis of good track record and financial position
- For loans upto Rs.25 lacs under the scheme of Credit Guarantee Trust Fund for Small Industries (CGTSI)
Composite Loan upto Rs. 50 Lacs to SSI Units :
Rate of Interest :
Total funded exposure :
| Upto Rs.50,000 | 9% |
| More than Rs.50,000 &upto Rs.2 lacs | 10% |
| More than Rs.2 lacs &upto Rs.5 lacs | 11.5% |
| More than Rs.5 lacs &upto Rs.10 lacs* | 12% |
| More than Rs.10 lacs &upto Rs.25 lacs* | 13% |
* with maturity less than 3 years
