UCO Shopper Loan Scheme

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UCO Shopper Loan Scheme

Explore UCO Shopper Loan Scheme with low-interest rates, flexible EMIs, and no pre-payment charges. Get the loan you need for your shopping needs.

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Details for UCO Shopper Loan Scheme

The UCO Shopper Loan Scheme offers a hassle-free way to finance your purchases with a margin of 20% and up to 60 EMIs. With no pre-payment charges, you can repay the loan as per your convenience. Enjoy competitive interest rates ranging from 10.95% to 13.95%. The loan processing charge is just 1%, with a minimum fee of Rs.1000. It’s a perfect solution for those looking to shop with flexible payment options.

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Loan Amount

Maximum Loan Amount Rs.200000/- or 10 times of monthly take home pay whichever is less.

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Interest Rate

10.95% to 13.95%

Age

  • Salaried Borrower : 21 to 60 years
  • Non-Salaried Borrower : 21 to 65 years

CIBIL Score

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

Nature of Employment

  • A self-employed/Professional/Businessman or A permanent employee of Govt. / SemiGovt./PSU/Universities or reputed private concerns with minimum service of 1 year and minimum remaining 5 years’ service period.

Minimum Monthly Income

  • Salaried borrower -Minimum gross salary of Rs.30000/-p.m at Metro Centres and Rs.20000/-p.m for other centres and Minimum take home income of 40% p.m. after all deductions and EMI of the proposed loan or Rs.10000/-whichever is higher.
  • Non-salaried borrower - Minimum income of Rs. 4 lac p.a at all centres as per latest IT Return. and Minimum 40% surplus after considering EMI of proposed personal loans and Income Tax and any other obligations or Rs.10000/- whichever is higher.

Loan Processing Charges

  • 1.00% of the loan amount with MinimumRs.1000/-

Features

  • Margin 20% of the total article cost
  • Maximum 60 Equated Monthly Installments.
  • No pre-payment charges

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UCO Shopper Loan Scheme 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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