Uco Bank Home Loan Interest Rate at 8.45% to 9.45%
| INTEREST RATE | 8.45% to 9.45% |
| LOAN TENURE | 30 Years |
| PROCESSING FEE | 0.50% of the loan amount, subject to minimum Rs.1,500 and maximum Rs. 15,000 |
| GUARANTOR REQUIRED | No |
| PRE CLOSURE CHARGES | Nil |
Calculate Uco Bank Home Loan EMI Calculate EMI Now
About Uco Bank
Uco Bank is a public sector bank in india. Uco Bank was founded on Jan. 6, 1943. It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Find details about Uco Bank which includes Uco Bank Official Website, Uco Bank ATMs accross the India, Uco Bank Branches accross the India, Uco Bank Contact Numbers, Uco Bank official EmailID, Uco Bank Headquarter and Uco Bank Headquarter Address. Find Uco Bank Home loan purpose, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.
Why Uco Bank Home Loan?
- Uco Bank provides a range of Home Loan Schemes designed for different needs of customers
- Interest Rate is very competitive and affordable
- Minimal Documentation
- It provides Flexible Repayment Options to the borrowers
- Easy and fast approval & disbursal of home loans
- Has dedicated team of well-experienced employees which also offer personalised service
- 24/7 customer care service of Uco Bank offers timely assistance to the customers
Uco Bank Home Loan 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.
- Loan is also available for furnishing of house property.
- Purchase of old house|flat not more than 30 years old.
Uco Bank Home Loan Eligibility
- The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO).
- The applicant's age must be in the range of 18 years and 70 years at the time of loan maturity.
- The applicant must be salaried or self-employed with a regular income.
- The applicant must earn more than the minimum required income.
Uco Bank Home Loan Document Required
- Duly filled and signed application form with photograph
- Identity Proof- Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government
- Address Proof - Aadhar Card, Passport, Driving License, Voter id card, Electricity/ Telephone/ Post-Paid Mobile bill, Bank statement
- Age Proof - Passport, Birth Certificate, PAN card, Driving License, Voter id card, Employee ID card (only for PSU/ Government employees), School/ College leaving certificate
- Form 16
- Latest 6 months salary slips for salaried persons
- Bank Statement of last 6 months
- Income Tax Returns (ITR) of last 3 years
- Last 3 years CA Certified or Audited Balance Sheet and Profit & Loss Account
- Processing fee Cheque
- Copies of the title documents of the property and the approved plan
- For Construction/ Renovation case, cost estimate from the Architect
Tax Benefits of availing Uco Bank Home Loan
There are two types of tax benefits associated with home loan for Resident Indians:
Repayment of the Principal Amount: One can get a Tax rebate under section 80C of the Income Tax Act on whole amount repaid by him in a financial year, maximum upto Rs. 1,50,000/- each financial year (Increased from 1 Lakh to Rs. 1.5 Lakh in Budget 2014).
Repayment of the Interest on Home Loan: Tax Benefit on Home Loan for payment of Interest is allowed as a deduction under Section 24(1) of the Income Tax Act. One is eligible for a Tax Rebate of maximum of Rs. 2 lakh per financial year for home loan interest paid by him/her during that financial year.
Uco Bank Home Loan Amount
For Construction| Purchase| Takeover A|Cs : No upper limitFor Repair| Extension| Renovation : Maximum Rs.25 lakhs (Metro/Urban/Semi-urban) & Rs.7.50 lakhs (Rural)
Margin
10% to 25% of the loan amountUco Bank Home Loan Repayment
Maximum 30 years or upto the age of 70 years of borrower , whichever is earlier.Security
EMTD (Equitable Mortgage by Deposit of Title Deed) property financed.No third party guarantee.
In Case of Prepayment of Uco Bank Home Loan, will EMI change?
One can pre-pay Uco Bank Home Loan without any prepayment charges as it allows prepayment at nil charges in case of floating rate home loans. If the borrower makes a prepayment, the outstanding balance of principal amount of his home loan reduces. Then in that case he has following 2 options:
- He can continue with the existing and reduce the loan tenure
- He can reduce the EMI and keep the loan tenure the same
Out of above 2 options, first option is more beneficial for the borrower as he pay less interest to the bank as the pay off home loan will be faster.
How to reduce your Home Loan EMI?
- Negotiate with your banker on lower interest rate
- Apply for longer tenure
- Give maximum amount as down payment
- Pre-pay loan amount
- Switch to another bank/ FI offering lower interest rate
Contact details of Uco Bank, Uco Bank SMS balance check number SMS banking, Uco Bank mobile banking, Uco Bank toll free number,Uco Bank toll free number 24*7, Uco Bank miss call number.
- MISSED CALL NUMBERS - 9278792787
- CUSTOMER CARE NUMBERS - 18001030123
- CONTACT NUMBERS - 18001030123, 033-44557300
Uco Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.ucobank.com
- CONTACT NUMBERS - 18001030123, 033-44557300
- EMAIL ID - [email protected], [email protected]
- MISSED CALL NO. - 9278792787
- CUSTOMER CARE NO. - 18001030123
- TOTAL BRANCHES - 3020
- TOTAL ATMS - 2096
- HEADQUARTER - Kolkata
- BANK ADDRESS - Head Office,239, Vidhan Bhavan Marg,Nariman Point,Mumbai-400 021.
Uco Bank Home Loan FAQs Home Loan Document Required
