UCO Bank Chennai

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About UCO Bank 

Amid a massive movement against the Britishers during the Quit India Movement in 1942, there was a member Ghanshyam Das Birla, a famous industrialist, was high on dreams to set a bank in India. And he made his dream come true by establishing the bank in 1943, a year later from the conception of an idea in his mind. That bank was named United Commercial Bank before it got into the ears as UCO Bank. From then to now, UCO Bank has been treading the path of success by leaps and bounds. The bank has come through the ranks and now sits comfortably among its peers like State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB) or others. 

The success story of the bank started with an investment of 1 crore in Kolkata, the capital city of West Bengal. Twenty-six years later from the foundation, the Government of India took UCO Bank under its operational and management control in 1969 to be precise. The laurels of the bank didn't stop here as it was figured among the most trusted brands worldwide in 2014. The bank is now disbursing crores of loans and accepting massive deposits to stay in a space which is extremely fragmented. It is full of small, mid and large banks vying against each other to win over the confidence of the customers. And in a journey that has spanned over 70 years, UCO Bank has fit the bill for most of the customers. They can be either retail, corporate, NRI, small entrepreneurs or others. All these customers have been receiving custom products and services to unleash their financial journey. 

The credit for the success of UCO Bank must go a bit to the management personnel in place. Its board of directors features officers from Government of India departments and Reserve Bank of India. Few directors are chartered accountants, management experts, economists and other professionals. These are think-tank that reshapes the dreams by constantly developing innovative products in line with the demands of the customers. 

The network of UCO Bank is significant across India with more than 3,000 branches and 2,500 ATMs available to serve the customers. To make sure the branches are working properly, the bank has established around 42 zonal offices that are spread across various regions. UCO Bank has also gone international by setting up branches in key financial hubs like Singapore and Hong Kong. 

UCO Bank has a substantial presence in Chennai with around 50 branches in the city. A resident of Chennai? Want to bank with UCO Bank there? Catch the branches below and fulfill your dream. 

UCO Bank Chennai Branches 

Branch NameComplete AddressIFSCMICRContact Detail
Chennai Main169, Thambu Chetty Street, Chennai- 600001UCBA00000416000280024425342852
Sow Carpet18 Devraja Mudali St, Sowcarpet, Chennai- 600003UCBA0000042600028015044-25357456
Purasawalkam14 Purasawalkam, High Road, Chennai- 600007UCBA00001006000280114426427351
Mylapore195, Royapettah High Road, Mylapore, ChennaiUCBA0000101600028009044-24982675
Chetput372 Poonamallee High Road, Chennai Tamil Nadu- 600010UCBA0000157600028004044-26411627
Adyar85 By 1 First Main Road, Gandhinagar, Adyar, Chennai- 600020UCBA0000158600028003044-24416255
Theagaraya NagarSir Theagaroya Road, Pondy Bazar, T Nagar, Chennai, Tamilnadu 60001UCBA0000176600028016044-24342226
Selaiyur455, Velacherry Road, Selaiyur, East Tambaram, Chennai- 6000059UCBA0000238600028013044-22394885
Mount Road730, Mount Road, Chennai, Tamilnadu- 600006UCBA00002716000280054428520871
Shastri NagarDhen Mahal, 107, Lattice Bridge Road, Adyar, Chennai- 600020UCBA0000329600028014044-24912019
ICF ColonyKonnur High Road, Icf Colony, Chennai- 600038UCBA0000568600028006044-26285315
TriplicaneOld No.42, New No.93, Bharathi Salai, Triplicane, Chennai- 600005UCBA00007836000280174428545530
Saidapet4 Mount Road, Saidapet, Chennai Tamil Nadu- 600015UCBA0000959600028012044-22351678
KoratturNo.23, Eastern Avenue, Thhb Colony, Korratur- 600080UCBA00009646000280074426357416
Narayanpuram1st Floor, 43 Valluvar Kottam High Road, Nungambakkam, Chennai, Tamil NaduUCBA0001400600028018044-22461017
Seetha Nagar1st Floor, 43 Valluvar Kottam High Road, Nungambakkam, Chennai, Tamil NaduUCBA00017246000280194422351678
Service Branch328, Thambu Street, Chennai- 600001UCBA0001749600028001044-43405743, 43405745
International Banking Branch328 T C Street 3Rd Floor, Chennai- 600001UCBA0001810600028020044-25330539
Flagship Corporate Centre, Mount RoadFlagship Corporate Centre, Mount Road, 212, Mount Road, Chennai - 600006UCBA0001904600028021044-28297945
Mid Corporate BranchMid Corporate Unit, T Nagar, Chennai Tamil Nadu-600017UCBA0001969600028022

Products Offered by UCO Bank in Chennai 

An exclusive range of products comprising of personal loan, home loan, car loan, trader, loan for women, and much more are available at UCO Bank in Chennai. You just need to figure out your needs and choose a product or two that can serve your needs better. The moment you fix a goal, the next thing you do is to find the product and its details. For information on the products of UCO Bank, you can glance through the table below. 

Basic Details of UCO Bank Loans in Chennai 

ProductsEligibilityLoan AmountInterest RateProcessing FeeTenure
UCO Home LoanIndividuals with a minimum age of 21 years at the time of application and 70 years at the proposed expiry of the loan tenure are eligible. 75%-90% of the property value8.55% - 8.80%0.5% of the loan amount

Minimum- ₹ 1,500

Maximum- ₹ 15,000
Upto 30 years
UCO Personal LoanConfirmed employees of either public or private sector entities or have served for a minimum period of 2 years at the existing organization for getting the approval.

Net salary after deductions of PF and others must not be less than 40% of the gross income.
₹ 10 lakhs11.35% - 12.70%1% of the loan amount, subject to a minimum of ₹ 750Upto 5 years
UCO Property Loan SchemeAvailable to companies, firms and individuals who have a property to mortgage.

Age must be 21 years while applying for a loan and must not be over 65 years at the time of loan maturity.

Minimum monthly gross salary of applicants should be ₹ 20K-30K

Net salary should not be less than 40% of the gross salary or ₹ 10,000, whichever is more.

For businessmen, a yearly income of ₹ 4 lakhs is required.
₹ 2 Cr-5 Cr10.75%-11.75% p.a.Upto 1% of the loan amountUpto 12 years
UCO Education LoanStudents applying for courses accredited to DoE. Courses for which loan is granted include ICWA, CFA, CA, MCA, MBA, MS, etc.

Age of 28-33 years at the time of application
₹ 10 Lakhs-20 Lakhs10.60%-11% p.a.NILUpto 15 years
UCO Car LoanRegular employee with a minimum work experience of 6 months are eligible to apply for a car loan.

Monthly salary should be a minimum of ₹ 20,000, while self-employed must earn atleast ₹ 4 lakhs-5 lakhs
Upto 85% of the on-road price of new cars.

For salaried, loan amount can equal to 36 times of gross monthly emolument

Self-employed can receive loan upto 3 times of the average gross annual income of the previous two years.

For old cars, the maximum finance is restricted to 5 lacs-15 lacs
8.70% - 8.95%1% of the loan amount, subject to a maximum of ₹ 1,500Upto 7 years for new cars

Upto 5 years for old cars
UCO Trader LoanExisting businesses which are in the operation for a minimum of years and making profits in the previous 2 years are eligible to receive the loan.₹ 1 Lakh-2 Crore9.75%-11.55% p.a.Upto ₹ 20,000
UCO Roop SangamAvailable to any woman or a unit formed by a group of women.

The Partnership firms where women partners must have a higher share.

Companies where women own the maximum of capital, which is invested.

The borrower should be a minimum of 20 years at the time of application and must not be over 60 years by the time loan matures.
₹ 3 Lakhs-10 Lakhs9.75% p.a.Upto ₹ 363 per lakh and service tax, if anyUpto 5-7 years
UCO CA Loan SchemeChartered accountants be it on an individual or joint basis or proprietorship firm or a partnership firm.

CA firm must have been working for the last 2 years.

The applicant's name or firm name must not have figured among the RBI's list of defaulters.
Upto 2 Lakhs-1 Crore11.70% p.a.0.5% of the loan amount, subject to a minimum of ₹ 2,000Upto 10 years

Documents Required to Avail Loans from UCO Bank in Chennai 

ProductsSalariedSelf-employed
UCO Home LoanIdentity Proof- PAN Card/Voter ID/Passport/Aadhaar Card

Address Proof-Voter ID/Passport/Aadhaar Card/Utility Bill

Income Proof-Latest Salary Slips, Form 16 for the Last 2 Years, Bank Statement for the Last 6 Months

Property Registration Documents, Property Cost Estimate Prepared by a Chartered Engineer

Duly Signed Application Form along with Passport Size Photographs
Identity Proof- PAN Card/Voter ID/Passport/Aadhaar Card

Address Proof-Voter ID/Passport/Aadhaar Card/Utility Bill

Business Establishment Proof- Service Tax/Sales Tax/VAT Registration, Telephone or Electricity Bills of Shops

Income Proof- ITR for the last 3 Years, Profit & Loss Account Statement & Audited Balance Sheet for the Last 3 Years, Bank Statement for the Last 6 Months

Property Registration Documents, Property Cost Estimate Prepared by a Chartered Engineer
UCO Personal LoanIdentity Proof- PAN Card/Voter ID/Passport/Aadhaar Card

Address Proof-Voter ID/Passport/Aadhaar Card/Utility Bill

Income Proof-Latest Salary Slips, Form 16 for the Last 2 Years, Bank Statement for the Last 6 Months
UCO Car LoanAge Proof-PAN Card/Voter ID/Passport/Aadhaar Card

Identity Proof-PAN Card/Voter ID/Passport/Aadhaar Card

Address Proof-Voter ID/Passport/Aadhaar Card/Utility Bill

Income Proof-Latest Salary Slips, Form 16 for the Last 2 Years, Bank Statement for the Last 6 Months

Hypothetication of the Car to be Purchased
Age Proof-PAN Card/Voter ID/Passport/Aadhaar Card

Identity Proof- PAN Card/Voter ID/Passport/Aadhaar Card

Address Proof-Voter ID/Passport/Aadhaar Card/Utility Bill

Income Proof- IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years

Business Establishment Proof- Shop & Establishment act Certificate/ Sales tax Certificate / SSI Registered Certificate /Copy of Partnership

Hypothecation of the Car to be Purchased
UCO Property Loan SchemeIdentity Proof-PAN Card/Voter ID/Passport/Aadhaar Card

Address Proof-Voter ID/Passport/Aadhaar Card/Utility Bill

Income Proof-Latest Salary Slips, Form 16 for the Last 2 Years, Bank Statement for the Last 6 Months

Equitable Mortgage/Registered Mortgage of Land/Flat/House/Apartment
Identity Proof-PAN Card/Voter ID/Passport/Aadhaar Card

Address Proof-Voter ID/Passport/Aadhaar Card/Utility Bill

Income Proof- IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years

Business Establishment Proof- Shop & Establishment act Certificate/ Sales tax Certificate / SSI Registered Certificate /Copy of Partnership

Equitable Mortgage/Registered Mortgage of Land/Flat/House/Apartment
UCO Roop SangamIdentity Proof-PAN Card/Voter ID/Passport/Aadhaar Card

Address Proof-Voter ID/Passport/Aadhaar Card/Utility Bill

Income Proof-Latest Salary Slips, Form 16 for the Last 2 Years, Bank Statement for the Last 6 Months
Identity Proof-PAN Card/Voter ID/Passport/Aadhaar Card

Address Proof-Voter ID/Passport/Aadhaar Card/Utility Bill

Income Proof- IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years

Business Establishment Proof- Shop & Establishment act Certificate/ Sales tax Certificate / SSI Registered Certificate /Copy of Partnership
UCO Trader LoanIdentity Proof-PAN Card/Voter ID/Passport/Aadhaar Card

Address Proof-Voter ID/Passport/Aadhaar Card/Utility Bill

Income Proof- IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years

 

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