UCO Bank Home Loans

UCO Bank Home Loan

8.55% - 8.80%


Processing Fee

Loan Amount
₹ Up to 7.50 Lacs
1 - 30 Years


Is there any special benefit or concession offered on UCO Home Loan?

Yes, a concession of 0.10% on the current interest rates is offered on loans above Rs. 30 Lacs to the following customers –



Will I receive any tax benefits on loan repayment?

Yes, tax relief on principal and interest components of this loan would be available as per provisions prevailing under Income Tax Act.


Do I get any insurance benefits on availing of UCO Home Loan?

Yes, following of the insurance benefits will be provided on availing of UCO Home loan –



How UCO Bank will determine my home loan eligibility?

Home Loan eligibility is determined on the basis of income and repayment capacity of the borrower.


Can I repay my home loan ahead of schedule? What are the prepayment charges?

Yes, you have the option to repay the loan ahead of schedule either in part or in full without any prepayment charges in case of floating rate Home Loans.


Do I have to provide any security or collateral? If yes, what are the requirements for it?

Yes, an Equitable mortgage of the financed property is mandatory to be held with bank for security.


What is the applicable moratorium period on UCO Home Loan? And Do I have to pay EMIs or interest during moratorium period?

A moratorium period of maximum up to 36 months is provided in certain cases to the borrower. However, no EMI or interest needs to be paid during the moratorium period.


What is the interest rate slab on UCO Home Loan?

The interest rate offered on UCO Home Loan is a floating rate interest linked to MCLR and changes in the MCLR will reflect in floating rate interest offered on UCO Home Loan.


The interest rate slab is as follows –



How the interest will be charged in my loan account?

Interest rate of UCO Home Loan will be calculated on a daily reducing balance. It means that the interest rate will be calculated only on the outstanding balance which reduces every time an EMI or Prepayment will be made by you.


What are the charges applicable on processing of UCO Home Loan?

A loan processing charge equivalent to 0.5% of the loan amount will be levied on the borrower at the time of loan application. Loan processing charges are subject to minimum Rs. 1,500 to maximum Rs. 15,000.


The plot of land on which the house will be built with the help of availed loan, is in the name of my wife who is not an earning member of the family but I’m the earning member of the family. Can we still get the home loan?

Yes, cases where husband is the only earning member of family but plot of land is in the name of the wife, are considerable to avail the loan. In this kind of circumstances, loan will be granted in the joint name of wife and husband where husband will be considered as the main borrower of the availed loan and wife as the co-borrower.


How do I make repayment for my loan?

The repayment of the loan can be made in either way, PDCs (Post-Dated Cheques), Standing Instructions, Internet Banking or ECS (Electronic Clearance System).


PDCs are a general way to make a repayment of the loan. However, it is recommended to use either Internet Banking or to give Standing Instructions to the branch where Saving / Current account is maintained with the UCO bank. Otherwise, you can get ECS instructions registered with the UCO bank where saving account is maintained with any other bank / financial institution.


How much I can pay as the repayment of the loan per month?

The total deductions including the EMI of the proposed loan must not exceed the GMI (Gross Monthly Income) of the borrower as under the below premise –



Does UCO bank has tie-ups with any approved builder or housing project?

Yes, please click here for a list of approved projects and builders UCO bank has tie-ups with.