UCO Bank Home Loans


This Housing Finance Scheme Brings To You An Excellent Opportunity To Have Your Own House Or Flat. The Scheme Has Been Carefully Tailored To Suit Your Requirements And Match Your Capacity. The Reasonable Rate Of Interest That You Pay Will Be Calculated On Reducing Balance, I.E. You Do Not Have To Pay Interest On The Loan Installments Actually Repaid From The Date Of Such Repayment.

Eligibility
You Are Eligible For A Loan Under Uco Home Individual (Salaried/Non-Salaried) Having
Minimum 21years Of Age And Maximum 65 Years Of Age Inclusive Of Repayment Period.

Purpose
Purchase And Construction Of Independent House/Ready Built Flat For Residential Purpose.
Extension/Repair/Renovation Of Existing House/Flat Not More Than 50 Years Old.
Takeover Of Home Loans Availed From Other Banks/Fis.
Furnishing Of House To Be Constructed/Acquired By Uco Home Loan Borrower Or Non-Uco Home Loan Borrower.

Loan Entitlement
Least Of The Following:
    i.        80% Of The Project Cost.
  ii.        Existing Deduction +Emi Should Not Exceed 60% Of The Gross Income.
iii.        60 Times Of Net Monthly Income.

Processing Fee
0.5% Of The Loan Amount Maximum Rs. 15000/-



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