UCO Bank Home Loan is a financial product offered by UCO Bank, a leading public sector bank in India, to assist individuals in fulfilling their dream of owning a home. The UCO Bank Home Loan is designed to meet the diverse needs of homebuyers, including the purchase of a new home, construction of a house, renovation or extension of an existing property, and more.

Continue reading to understand more about UCO Bank Home Loan interest rates and other essential UCO Bank Home Loan details.

Here are the current home loan interest rates of UCO Bank, along with other charges.

Here is a comparison of the UCO Bank Home Loan rates against partner lenders on Bajaj Markets.

Disclaimer: Above-mentioned rates are subject to change at the lender’s discretion.

If you are considering availing a home loan from UCO Bank, you can easily calculate your Equated Monthly Instalment (EMI) well in advance using the UCO Bank Home Loan EMI calculator online. 

This convenient tool takes into account your loan amount, interest rate, and tenure and performs all the necessary calculations to provide instant results. 

Simply enter the required information into the calculator and obtain an accurate estimate of your monthly EMI. Thanks to the UCO Bank Home Loan calculator, you can plan your finances better!

The UCO Bank Home Loan documents required are as follows:

1. For salaried individuals

• Completed and signed application form with the latest photographs

• Proof of identity, address, and age (Aadhaar card, PAN card, Passport, etc.)

• Salary slips for the last 3 months

• Bank statements for the past 6 months

• Form-16 and Income Tax Returns (ITR) details

• Title documents of the property

2. For self-employed individuals

• Completed and signed application form with the latest photographs

• Proof of identity, address, and age

• ITR and financial statements, including balance sheet, profit & loss account, and schedules (All documents must be certified by a Chartered Accountant)

• Bank statements for the past 12 months

• Latest partnership deed (partnership firms)

• Latest Memorandum and Articles of Association 

• LLP Agreement (in the case of Limited Liability partnership firms)

• Title document of the property along with business address proof

While knowing the home loan interest of UCO Bank is essential before applying for a UCO Bank Housing Loan, you must be aware of certain eligibility parameters. 

Given below is a list of UCO Bank Home Loan eligibility criteria:

• You must be at least 21 years of age

• You must be a resident Indian, Non-Resident Indian (NRI), or Person of Indian Origin (PIO).

• You must be employed as a salaried individual or a self-employed professional

Here are the different types of UCO Bank Home Loan schemes:

1. UCO Housing Loans:

This is a normal home loan scheme that caters to the extension/repair/renovation of an existing house/flat up to 50 years old, the purchase/construction of a flat/house, and the purchase of a house/flat up to 40 years old. 

It also allows for the transfer of existing home loans from other banks and housing finance companies (HFCs) at affordable UCO Bank Housing Loan interest rates.

• Loan Amount:

a) For purchase/construction/takeover/extension: As per your eligibility.

b) For repair/renovation: Up to ₹50 Lakhs.

2. UCO Pre-Approved Home Loan:

This scheme provides in-principle home loan sanctions based on your home loan eligibility, even before finalising the property. The pre-approved sanction has a maximum validity of 4 months.

• Loan Amount:

a) For construction/takeover/ purchase/ extension: As per your eligibility.

b) For repair/renovation: Up to ₹15 Lakhs.

3. UCO Top-up Home Loan:

This scheme allows you to avail additional credit on an existing home loan to meet various financial requirements.

• Loan Amount:

a) Term Loan: ₹1 Lakh to ₹200 Lakhs.

b) Overdraft: Up to ₹2 Lakhs or 10% of the original housing loan.

To avail a UCO Bank Home Loan online, apply using the following steps mentioned below:

• Step 1: Visit the official UCO Bank Home Loan webpage

• Step 2: Click on ‘Apply now’ 

• Step 3: Click on the online application form link and fill in the required information, such as personal details, employment details, loan requirements, etc

• Step 4: Verify your identity with the OTP, and proceed to upload the necessary documents as per the bank's requirements, such as identity proof, address proof, income proof, property documents, etc

• Step 5: Review the information entered and upload documents carefully to ensure accuracy

• Step 6: Click on the 'Submit' or 'Apply' button to complete the online application process

Before you apply for a UCO Bank Home Loan, make sure to check the eligibility criteria and the rate of interest on a home loan in UCO Bank. This ensures hassle-free and quick loan approval.

If you have any queries related to UCO Bank Home Loan, their customer care services are readily available to assist you. You can easily get in touch with the bank by calling their customer care number at 1800 103 0123.