UCO Bank Home Loan At Lowest Rate

Loan Details

Interest Rate

6.9% onwards

Processing Fee

Upto 0.50%

Prepayment

Charges

Nil

Tenure

Upto 30 years

Eligibility Factors
Documents Required
Loan Verification Process
Rate of Interest

All the applicants are required to submit the documents listed below with the bank-

Filled-up application form
Recent Photographs
ITR of previous 2 years
Proof of Identity Proof
Proof of Residency
Proof of Signature Authenticity

Self-employed candidates are required to submit the documents listed below along with the ones mentioned above –

Proof of business establishment (VAT/ service tax registration/ incorporation details for companies
Address proof of Business
Income Tax Returns
Profit and Loss account and balance sheets (CA certified)
Proof of Business continuity of the past 3 years
Copy of bank statement of the past 180 days
Proof of earnings of the last 6 months

Salaried applicants are required to submit a copy of the following documents besides along with the ones mentioned above -

Last 6 months of bank statement showing EMI debit/ salary credit
Copy of salary slip of past 180 days
Copy of all relevant documents showing ownership of property that is to be mortgaged
Previous 2 years Form 16
Employer’s ID
Proof of work experience

Identity Proof (for all borrowers)

Driving License
Aadhar Card
Valid Passport
PAN Card
Voter ID

Proof of Residential Address (for all borrowers)

Utility Bill
Receipt of Property Tax
Approved Building Plan
Valid Passport
Voter ID
Registered Rent Agreement

Birth Date Proof (for all borrowers)

Driving License
Valid Passport
Voter ID
Aadhar Card

Property documents (for all borrowers)

Registered Sale Deed
Lease Deed
Conveyance
Past Sale Deeds
Receipt of House Tax Return
Building Plan approved by Municipal Corporation

All loan applicants require submitting the specified property documents:

● Copies of the sale agreement, encumbrance certificate, and title deed

● Clearance certificate and approved plan certificates from authorities

● Allotment letter by-laws of Apartment owners Association or cooperative society

The loan verification proceeds in the following stages:

1. Fill the application form and upload it on the official website or wherever required. Submit copies of all the relevant documents required for application verification. It can be quickly done by signing up on Apnapaisa.com.

2. One of our customer care representatives will get back to you within 24 hours and schedule visits for collecting document copies (in case you chose offline submission of documents).

3. The concerned officials will verify the documents and the details there. They may visit the property if necessary.

4. Once your application is approved, the loan amount will be disbursed to your account, and you will get a copy of the duly signed loan agreement containing details of loan interest, tenure, loan amount, charges, and penalties.

UCO Bank interest rates for home loans vary according to the applicant credit score, income, tenure and the floating interest rate.

For loans up to Rs 5 crore:

If the applicant’s credit score is above 775, then the interest rate is the UCO float rate of 6.9%.
If the applicant’s credit score is 750-775, then the interest rate is 0.25% over the floating rate, i.e. 7.15%.
If the applicant’s credit score is up to 750, then the interest rate is the UCO float rate plus 0.35%, i.e. 7.25%.