UCO Cash Loan Scheme Guidelines

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UCO Cash Loan Scheme Guidelines

Get instant personal loans with UCO Cash Loan Scheme. No collateral, low interest, and minimal processing fee. Easy, quick, and secure loan access.

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Details for UCO Cash Loan Scheme Guidelines

The UCO Cash Loan Scheme offers quick and secure personal loans without any collateral. Ideal for urgent financial needs, the scheme ensures a smooth process with interest rates ranging from 10.95% to 13.95%. A minimal processing charge of 1% (min ₹750) applies. This scheme stands out with its fast approvals, transparent terms, and borrower-friendly approach, making it perfect for salaried individuals looking for short-term financial support without the stress of asset-backed guarantees.

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Loan Amount

Maintaining salary account with our Branch: 20 times of Gross Monthly Income subject to maximum of 20 Lacs Without Salary Account: 5 times of Gross Monthly Income subject to maximum of Rs.5 Lacs

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Interest Rate

10.95% to 13.95%

Age

  • Minimum age of applicant be 21 years

CIBIL Score

  • A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Required Documents

  • Identity Proof - Voter Identity Card,PAN Card ,Aadhaar Card,Driving License and Passport
  • Address Proof - Voter Identity Card,Aadhaar Card,Driving License ,Passport,Electricity Bill and Ration Card
  • Office Identity Card
  • Proof of business such as GSTIN, Udyam Regn., ICAI Regn., Medical Council Regn., etc, as applicable
  • Salary Slips for last three months
  • Form 16 issued by the Office
  • Income tax Return/Assessment Order
  • Two Passport size photographs of Applicant(s) & Guarantor(s)
  • Statement of Means of Applicant(s) & Guarantor(s)

Nature of Employment

  • Central/State Government , Other than Govt. Employees and Non Salaried Class

Minimum Monthly Income

  • GMI upto 1 lakh - Net take home pay should not be less than 40% of gross salary (subject to minimum monthly take home pay of Rs.15,000).
  • GMI above 1 Lakh- 30 % of gross salary
  • For other than Government Employees - 10 times of Gross Monthly Income subject to maximum of Rs.10.00 Lacs
  • Non Salaried: 5 times of Gross monthly income subject to maximum of Rs.5 Lacs

Loan Processing Charges

  • 1 % of loan amount (minimum Rs.750/-)

Features

  • No collateral security required.

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UCO Cash Loan Scheme Guidelines EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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