UCO Bank Home Loan

UCO bank offers home loan to customers at a very competitive rate of interest. It not only offers you a good rate of interest, but also offers you different repayment options. You can opt for a tenure as per your repayment capacity. The bank offers you customised loan solutions to meet your requirements. The bank offers you loan for ready-to-move-in and under-construction property. You can also avail the loan for purchasing the plot. Here are some important features and benefits of home loan.

UCO Bank Home Loan Interest Rates

Basis Details
Interest Rates 8.85% - 10.40%
Max. Loan Amount Customized
Processing Fees 0.5% of the loan amount
Prepayment ChargesNil
Loan Repaymentupto 30 years

UCO Bank Home Loan Eligibility Criteria

You should have completed the age of 21 years at the time of applying for the loan and should not be more than 70 years old at the maturity of the loan. But for salaried, the age limit is 21-60 years.

How is the interest rate calculated at UCO Bank?

The bank offers loan on floating rate of interest. This means that rate of interest keeps changing with the change in the base rate by the RBI in its monetary policy review. The interest is calculated based on the daily reducing balance bases, which means that the interest is calculated on the outstanding amount only.

UCO Bank Home Loan EMI Calculator

If you are interested in availing a home loan from UCO Bank, you can calculate the EMI with the help of an EMI calculator. The EMI calculator allows you to know your EMI by doing all the calculations for you. This tool takes into the account, your loan amount, interest rate and tenure, and gives you the results in return. You just need to enter these fields into a calculator, it will give you the results instantly. Well, to make you understand below is the calculation done by the calculator for your home loan, here is an example:

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 20,00,000 8.45% 1 ₹ 1,74,393 ₹ 92,719 ₹ 20,92,719
₹ 20,00,000 8.45% 2 ₹ 90,866 ₹ 1,80,775 ₹ 21,80,775
₹ 20,00,000 8.45% 3 ₹ 63,089 ₹ 2,71,195 ₹ 22,71,195
₹ 20,00,000 8.45% 4 ₹ 49,249 ₹ 3,63,972 ₹ 23,63,972
₹ 20,00,000 8.45% 5 ₹ 40,985 ₹ 4,59,093 ₹ 24,59,093
₹ 20,00,000 8.45% 6 ₹ 35,508 ₹ 5,56,544 ₹ 25,56,544
₹ 20,00,000 8.45% 7 ₹ 31,623 ₹ 6,56,307 ₹ 26,56,307
₹ 20,00,000 8.45% 8 ₹ 28,733 ₹ 7,58,361 ₹ 27,58,361
₹ 20,00,000 8.45% 9 ₹ 26,506 ₹ 8,62,682 ₹ 28,62,682
₹ 20,00,000 8.45% 10 ₹ 24,744 ₹ 9,69,242 ₹ 29,69,242
₹ 20,00,000 8.45% 11 ₹ 23,318 ₹ 10,78,013 ₹ 30,78,013
₹ 20,00,000 8.45% 12 ₹ 22,146 ₹ 11,88,962 ₹ 31,88,962
₹ 20,00,000 8.45% 13 ₹ 21,167 ₹ 13,02,054 ₹ 33,02,054
₹ 20,00,000 8.45% 14 ₹ 20,341 ₹ 14,17,253 ₹ 34,17,253
₹ 20,00,000 8.45% 15 ₹ 19,636 ₹ 15,34,519 ₹ 35,34,519
₹ 20,00,000 8.45% 16 ₹ 19,030 ₹ 16,53,812 ₹ 36,53,812
₹ 20,00,000 8.45% 17 ₹ 18,505 ₹ 17,75,089 ₹ 37,75,089
₹ 20,00,000 8.45% 18 ₹ 18,048 ₹ 18,98,306 ₹ 38,98,306
₹ 20,00,000 8.45% 19 ₹ 17,647 ₹ 20,23,416 ₹ 40,23,416
₹ 20,00,000 8.45% 20 ₹ 17,293 ₹ 21,50,374 ₹ 41,50,374

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1 ₹ 40,046 ₹ 1,67,473 ₹ 19,59,953
2 ₹ 43,564 ₹ 1,63,955 ₹ 19,16,389
3 ₹ 47,391 ₹ 1,60,127 ₹ 18,68,998
4 ₹ 51,554 ₹ 1,55,964 ₹ 18,17,443
5 ₹ 56,083 ₹ 1,51,435 ₹ 17,61,360
6 ₹ 61,010 ₹ 1,46,508 ₹ 17,00,349
7 ₹ 66,370 ₹ 1,41,148 ₹ 16,33,978
8 ₹ 72,201 ₹ 1,35,317 ₹ 15,61,777
9 ₹ 78,544 ₹ 1,28,974 ₹ 14,83,233
10 ₹ 85,444 ₹ 1,22,074 ₹ 13,97,788
11 ₹ 92,950 ₹ 1,14,568 ₹ 13,04,838
12 ₹ 1,01,116 ₹ 1,06,402 ₹ 12,03,721
13 ₹ 1,09,999 ₹ 97,519 ₹ 10,93,722
14 ₹ 1,19,663 ₹ 87,856 ₹ 9,74,058
15 ₹ 1,30,175 ₹ 77,343 ₹ 8,43,883
16 ₹ 1,41,611 ₹ 65,907 ₹ 7,02,271
17 ₹ 1,54,052 ₹ 53,466 ₹ 5,48,219
18 ₹ 1,67,585 ₹ 39,933 ₹ 3,80,633
19 ₹ 1,82,308 ₹ 25,210 ₹ 1,98,324
20 ₹ 1,98,445 ₹ 9194 ₹ 0

What are the documents required for UCO Bank Home Loans?

The list of documents that you must have to apply for the loan are as follows:

Objective of UCO Bank home Loan

UCO Bank Application Form

In order to avail the home loan from UCO Bank, firstly you need to fill in the application form provided by the bank. Filling an application form is the first step to get the home loan from any lender. The best thing is that you can either fill in this form online or visit your nearest branch for the same. Through these two ways, you can easily apply for a home loan in UCO Bank.

UCO Bank Home Loan Customer Care

UCO Bank Home Loan customer care services are always available for you. When you have any sort query related to home loan, you can easily get in touch with the bank by dialing their customer care number. The executives of the bank will be more than happy to serve you at 1800 103 0123. The bank with its customer care executives is always ready to serve you. No matter what sort of issues you are facing, these experts will be more than happy to meet your requirements.

UCO Bank Home Loan Top Up

With UCO Bank, you also have the facility to get a top up on your existing home loan. Yes, the bank is here to offer you home loan top-up, wherein you can easily get it. With this, you can top up any other service on your loan and enjoy multiple benefits.

Terms & Conditions

By accepting our "Terms and Conditions" you authorize WishFin and the partner Banks of WishFin to run a Cibil/Experian check for your profile for 180 days from the last application date created.

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
19th Floor, One World Centre Tower-2A-2B,
841 Senapati Bapat Marg,
Lower Parel,
Mumbai – 400 013

Sub: Grant of Consent

In connection with submission of the application for my credit information (“Consumer Credit Information”) and other related credit products (Credit Products) offered by CIBIL through Wishfin (referred to as the “Company”) and delivery of the Consumer Credit Information and Credit Products to the Company, I hereby acknowledge and agree to the following:

  1. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information and Credit Products from TUCL on my behalf and use it and the Company has granted its consent for being appointed for the aforesaid purpose.
  2. I grant my unconditional consent to the Company to receive the Consumer Credit Information and Credit Products from TUCL on my behalf and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that the Terms of Understanding in relation to the use of the Consumer Credit Information and Credit Products has been agreed between me and the Company.
  3. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver my Consumer Credit Information and Credit Products to the Company on my behalf.
  4. I agree that my consent shall be stored by the Company on a permanent basis and shall be verifiable from time to time. I understand that the Company cannot access the Consumer Credit Information for more than 6 months on a single Consumer Consent and the same shall be required to be refreshed every six (6) months. Company can store the Consumer Credit Information only for (i) a limited time period of six months or (ii) till such time the credit information is required to be retained to satisfy the purpose for which it was provided or (iii) until I withdraw my consent to store such Consumer Credit Information, whichever is earlier and thereafter, the stored Consumer Credit Information shall be deleted, purged, expunged by the Company.
  5. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information and Credit Products to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information or Credit Products , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company.
  6. I acknowledge and accept that TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard.
  7. I agree that I may be required to record my consent / provide consent electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written consent " to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information and Credit Products.
  8. I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information and Credit Products from TUCL.
  9. By submitting this registration form, I understand that I am providing express written consent for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with Wishfin’s Terms of Use and Privacy Policy.
  10. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
  11. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information or Credit Products and / or my decision to provide TUCL with the authority to deliver my Consumer Credit Information and Credit Products to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
  12. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Signature :____________________________
Name :____________________________
Address : ____________________________

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