UCO Bank provides home loans starting at 8.45% interest per year. You can borrow up to 90% of the property's cost, with repayment periods of up to 30 years. Additionally, they offer pre-approved home loans to certain customers, even before they choose a property. This pre-approval is valid for 4 months.
UCO Bank Home Loan Highlights |
|
|---|---|
| Interest Rate (floating) | 8.45%– 10.30% p.a. |
| Processing Charges | 0.50% of the loan amount (Min. Rs 1,500 and Max. Rs 15,000) |
| Loan-to-Value Ratio | Up to 90% of the property value |
| Loan Tenure | Up to 30 years |
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
|---|---|---|---|---|
| SBI Bank | 8.40% - 10.15% p.a. | 8.40% - 10.05% p.a. | 8.40% - 10.05% p.a. | Apply Now |
| HDFC Bank Limited | 8.40% p.a. onwards | 8.40% p.a. onwards | 8.40% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.60% p.a. onwards | 8.60% p.a. onwards | 8.60% p.a. onwards | Apply Now |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.35% - 10.35% p.a. | 8.35% - 10.55% p.a. | 8.35% - 10.75% p.a. | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50% - 11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| Axis Bank | 8.70% - 13.30% p.a | 8.70% - 13.30% p.a | 8.70% - 9.10% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Also read: Best Home Loan in India
UCO Home
For Government Employees
| CIBIL Score | Interest Rate (p.a.) |
|---|---|
|
Up to 649 (LTV up to 80%) (LTV 80%-90%) |
10.20% 10.30% |
|
650-699 (LTV up to 80%) (LTV 80%-90%) |
9.45% 9.55% |
|
700-749 (LTV up to 80%) (LTV 80%-90%) |
8.85% 8.95% |
|
750-799 (LTV up to 80%) (LTV 80%-90%) |
8.65% 8.75% |
|
800 & above (DSA) (LTV up to 80% and LTV 80%-90%) |
8.55% |
|
800 & above (direct) (LTV up to 80% and LTV 80%-90%) |
8.45% |
For Other than Government Employees
| CIBIL Score | Interest Rate (p.a.) |
|---|---|
|
Up to 649 (LTV up to 80%) (LTV 80%-90%) |
10.20% 10.30% |
|
650-699 (LTV up to 80%) (LTV 80%-90%) |
9.45% 9.55% |
|
700-749 (LTV up to 80%) (LTV 80%-90%) |
8.95% 9.05% |
|
750-799 (LTV up to 80%) (LTV 80%-90%) |
8.75% 8.85% |
|
800 & above (direct) (LTV up to 80% and LTV 80%-90%) |
8.55% |
|
800 & above (DSA) (LTV up to 80% and LTV 80%-90%) |
8.65% |
UCO Top-up Home Loan
| CIBIL Score | Interest Rate (p.a.) |
|---|---|
| Up to 750 | 10.30% |
| 700-749 | 10.50% |
| 650-699 | 11.00% |
| Up to 649 | 11.50% |
UCO Overdraft Home Loan
| CIBIL Score | Interest Rate (p.a.) |
|---|---|
| Above 750 | 9.80% |
| Up to 750 | 9.90% |
| UBI Home Loan Schemes | Interest Rate |
|---|---|
| Union Home | 8.50% p.a. onwards |
| Union Awas | 8.50% p.a. onwards |
| Union Smart Save | 9.30% p.a. to 10.90% p.a. |
Also Read : Best Home Loan Documents Required
UCO Top-up Home Loan
Purpose: UCO Bank provides a Top-up Home Loan scheme for its existing home loan borrowers. This scheme allows borrowers to obtain additional funds on top of their existing home loans. These funds can be used for various purposes such as education, home repairs, renovations, furnishing, agricultural needs, business expenses, and more.
Loan Amount:
- Term Loan: Rs 1 lakh-Rs 2 crore
- Overdraft: Up to Rs 2 lakh or 10% of original housing loan
Tenure: Co-terminus with the original home loan or before the borrower reaches 75 years of age
UCO Home
Purpose: UCO Bank provides different types of home loan schemes. You can use these loans to buy or build a house, renovate an existing one, or even buy a plot for residential purposes. The bank also offers home loans for purchasing flats from various sources like co-operative societies, builders, or government bodies. Additionally, you can transfer your existing home loan from another bank to UCO Bank for lower interest rates.
Loan Amount:
- For repair/renovation: Up to Rs 50 lakh
- For purchase/construction/takeover/extension: No upper limit
Tenure: Up to 30 years or up to 75 years of age of the borrower
LTV Ratio:
- Loan amount up to Rs 30 lakh- 90%
- Loan amount Rs 30 lakh-Rs 75 lakh- 80%
- Loan amount above Rs 75 lakh- 75%
UCO Pre-Approved Home Loan
Purpose: UCO Bank offers the UCO Pre-approved Home Loan scheme, which provides applicants with an in-principle sanction of a home loan based on their eligibility, even before they finalize a property. This pre-approved sanction is valid for 4 months, giving applicants flexibility and assurance as they search for their ideal property.
Loan Amount:
- For repair/renovation: Up to Rs 50 lakh
- For purchase/construction/takeover/extension: No upper limit
LTV Ratio:
- Loan amount up to Rs 30 lakh- 90%
- Loan amount Rs 30 lakh-Rs 75 lakh- 80%
- Loan amount above Rs 75 lakh- 75%
Also Read : Best Home Loan EMI Calculator
| Particulars | Applicable Charges |
|---|---|
| Processing fees |
|
| Prepayment Charges | Nil |
| Documentation Charges | Nil |
Also read: Best Home Loan Fees and Charges
- Nationality- Resident Indian, NRI, PIO
- Minimum age at the time of loan application: 21 years
- Maximum age at the time of loan maturity- 75 years
Also Read : Best Home Loan Eligibility
1. What is the minimum credit score required to avail home loans from UCO Bank?
UCO Bank doesn't have a specified minimum credit score requirement for home loan applicants. However, they do offer lower interest rates to applicants with higher credit scores. For example, those with credit scores of 750 and above are offered the lowest interest rates, while those with scores below 750 may receive slightly higher rates.
2. How is UCO Bank Home Loan eligibility determined?
The bank decides if someone is eligible for a home loan by looking at how much money they earn and if they can afford to pay back the loan.
Also read: Best Home Loan Balance Transfer
3. Can I choose between fixed and floating rates from UCO Bank home loan?
UCO Bank only provides home loans with floating interest rates.
4. If the plot of land is in the name of the wife who does not earn, but husband is an earning member. Will the home loan be granted to them?
Yes, in such situations, the home loan can be jointly taken by the husband and wife, with the husband being the main applicant and the wife being the co-applicant.