Looking for a property loan? UCO Bank property loan offers at affordable interest rates with flexible repayment options. Check eligibility, documents, and benefits of UCO Bank Property Loan here.
Introduction
Buying or constructing a property is a big financial decision, and many people prefer taking a loan against property for funds. UCO Bank Property Loan is a reliable option for salaried, self-employed, and business owners who want affordable interest rates, easy processing, and flexible repayment terms. In this blog, we will discuss UCO Bank property loan interest rates, eligibility, documents required, benefits, and application process.
Features of UCO Bank Property Loan
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✅ Loan available for purchase, construction, or renovation of property.
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✅ Attractive interest rates starting from around 8.40% p.a. (subject to change).
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✅ Repayment tenure up to 15 years, depending on borrower profile.
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✅ High loan amount based on property valuation and applicant’s repayment capacity.
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✅ Balance transfer facility from other banks/NBFCs.
Eligibility Criteria
To apply for a UCO Bank property loan, the applicant should meet the following conditions:
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Age: 21 to 65 years (at loan maturity).
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Income: Stable income proof (salaried/self-employed/professional).
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Credit Score: 700+ preferred for smooth approval.
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Property Type: Residential/commercial property within approved locations.
Documents Required
Applicants need to submit the following documents for UCO Bank property loan:
Personal Documents
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Filled application form with passport-size photographs.
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Aadhaar Card / PAN Card / Voter ID / Driving License.
Income Documents
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Salaried: Salary slips (last 3 months), Form 16, Bank statement (6 months).
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Self-employed: ITR (2-3 years), GST returns, Business proof.
Property Documents
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Title deed, Sale agreement, Allotment letter.
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Latest property tax receipt.
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Approved building plan (if applicable).
UCO Bank Property Loan Interest Rates & Charges
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📌 Interest Rate: Starts from approx. 8.40% p.a. (varies by applicant profile).
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📌 Processing Fee: Around 0.50% of loan amount (subject to minimum/maximum limit).
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📌 Prepayment Charges: Nil for floating rate loans.
How to Apply for UCO Bank Property Loan?
You can apply through:
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Online: Visit UCO Bank official website.
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Offline: Visit the nearest UCO Bank branch with documents.
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Loan Executive: Contact bank’s loan officer for personalized guidance.
Benefits of Choosing UCO Bank Property Loan
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🏠 Trusted public sector bank with wide reach across India.
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🏠 Transparent process, no hidden charges.
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🏠 Flexible repayment with EMI calculator facility.
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🏠 Balance transfer available from other lenders.
FAQs on UCO Bank Property Loan
Q1. What is the maximum loan amount offered?
👉 It depends on property valuation and borrower income, usually up to 70-75% of property value.
Q2. Can I prepay my loan without charges?
👉 Yes, for floating rate loans, prepayment is allowed without penalty.
Q3. What is the tenure of UCO Bank property loan?
👉 Up to 15 years depending on repayment capacity.
Conclusion
If you are looking for an affordable and secure property loan, UCO Bank Property Loan is a great choice. With attractive interest rates, simple documentation, and flexible repayment terms, it helps both salaried and self-employed individuals fulfill their property-related financial needs.
👉 To apply, visit the official UCO Bank website or your nearest branch today.
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