Looking for business funding? Get complete details about UCO Bank MSME Loan – eligibility, features, interest rates, documents required, and how to apply.
Introduction
India ke small aur medium businesses (MSMEs) economy ka backbone hain. Growth ke liye inhe capital ki zarurat hoti hai, jiske liye banks different MSME loan schemes offer karte hain. UCO Bank MSME Loan ek aisa hi financial support hai jo entrepreneurs, startups aur existing businesses ko working capital aur expansion ke liye provide kiya jata hai.
Is blog me hum dekhenge UCO Bank MSME Loan ke features, eligibility, documents, interest rates aur apply karne ka process.
UCO Bank MSME Loan – Key Features
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Loan Type: Working capital & term loan
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Loan Amount: ₹50,000 se lekar ₹5 crore+ (business profile par depend karta hai)
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Interest Rate: ~8% – 12.5% p.a. (as per RBI guidelines & applicant profile)
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Repayment Tenure: 1 – 15 years
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Collateral: Loans up to ₹10 lakh generally collateral-free (under CGTMSE)
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Purpose: Business expansion, machinery purchase, raw material, inventory, working capital
UCO Bank MSME Loan Schemes
1. UCO MSE Credit Plus
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Loan for manufacturing & service sector businesses
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Provides term loan + working capital support
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Collateral-free loans available under CGTMSE
2. UCO Trader Scheme
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Special loan for traders and shop owners
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Easy working capital loan with simple documentation
3. PMEGP Loan (through UCO Bank)
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Government-backed scheme under Ministry of MSME
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Subsidy available up to 35% on project cost
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Good for startups & rural entrepreneurs
4. Mudra Loan via UCO Bank
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For micro/small businesses under Pradhan Mantri Mudra Yojana (PMMY)
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Shishu, Kishore, Tarun categories (₹50,000 to ₹10 lakh)
Eligibility Criteria
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Applicant must be an Indian citizen
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Age: 18 – 65 years
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Business should be MSME registered (Udyam Registration preferred)
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Startup, trader, manufacturer, service provider – sab eligible hain
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Good CIBIL score (650+) preferred
Documents Required
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Identity Proof: Aadhaar / PAN / Voter ID / Passport
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Address Proof: Utility bill / Ration card
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Business Proof: Udyam/MSME registration certificate, GST registration
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Financials: ITR, bank statements (last 6 months), balance sheet
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Project Report (for new business loans)
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Passport-size photographs
How to Apply for UCO Bank MSME Loan
Online Process:
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Go to MSME Loan Section
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Choose loan scheme (Credit Plus, Mudra, PMEGP etc.)
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Fill online application form
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Upload required documents
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Bank verifies and sanctions loan
Offline Process:
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Visit nearest UCO Bank branch
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Fill loan application form
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Submit documents
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Loan processed and approved after verification
Interest Rates & Charges
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Interest Rate: ~8% – 12.5% (depends on loan amount & profile)
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Processing Fee: 0.25% – 1% of loan amount
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Collateral: Not required for loans up to ₹10 lakh (under CGTMSE cover)
FAQs on UCO Bank MSME Loan
Q1. What is the maximum loan amount under UCO Bank MSME loan?
👉 It can go up to ₹5 crore depending on business profile.
Q2. Is collateral required for UCO Bank MSME loan?
👉 No, loans up to ₹10 lakh are collateral-free (CGTMSE).
Q3. Does UCO Bank provide Mudra Loan?
👉 Yes, UCO Bank offers loans under Pradhan Mantri Mudra Yojana (PMMY).
Q4. What is the repayment tenure of UCO Bank MSME loan?
👉 Tenure ranges between 1 – 15 years.
Conclusion
Agar aap ek entrepreneur ya business owner ho aur working capital ya expansion ke liye loan chahiye, to UCO Bank MSME Loan ek reliable option hai. With flexible repayment, competitive interest rates, and collateral-free loans up to ₹10 lakh, UCO Bank small businesses ko strong support provide karta hai.
👉 Pro Tip: Loan apply karne se pehle apna CIBIL score aur business documents ready rakhe for quick approval.
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