UCO Bank Home Loan

About UCO Bank Home Loan

UCO bank offers home loan to customers at a very competitive rate of interest. It not only offers you a good rate of interest, but also offers you different repayment options. You can opt for a tenure as per your repayment capacity. The bank offers you customised loan solutions to meet your requirements. The bank offers you loan for ready-to-move-in and under-construction property. You can also avail the loan for purchasing the plot. Here are some important features and benefits of home loan.

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

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    UCO Bank Home Loan Interest Rates

    Basis Details
    Interest Rates 8.45% - 8.70%
    Max. Loan Amount Customized
    Processing Fees 0.5% of the loan amount
    Prepayment ChargesNil
    Loan Repaymentupto 30 years

    Bank Home Loan Eligibility

    You should have completed the age of 21 years at the time of applying for the loan and should not be more than 70 years old at the maturity of the loan. But for salaried, the age limit is 21-60 years.

    How is the interest rate calculated at UCO Bank?

    The bank offers loan on floating rate of interest. This means that rate of interest keeps changing with the change in the base rate by the RBI in its monetary policy review. The interest is calculated based on the daily reducing balance bases, which means that the interest is calculated on the outstanding amount only.

    UCO Bank Home Loan EMI Calculator

    If you are interested in availing a home loan from UCO Bank, you can calculate the EMI with the help of an EMI calculator. The EMI calculator allows you to know your EMI by doing all the calculations for you. This tool takes into the account, your loan amount, interest rate and tenure, and gives you the results in return. You just need to enter these fields into a calculator, it will give you the results instantly. Well, to make you understand below is the calculation done by the calculator for your home loan, here is an example:

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 20,00,0008.45%1₹ 1,74,393₹ 92,719₹ 20,92,719
    ₹ 20,00,0008.45%2₹ 90,866₹ 1,80,775₹ 21,80,775
    ₹ 20,00,0008.45%3₹ 63,089₹ 2,71,195₹ 22,71,195
    ₹ 20,00,0008.45%4₹ 49,249₹ 3,63,972₹ 23,63,972
    ₹ 20,00,0008.45%5₹ 40,985₹ 4,59,093₹ 24,59,093
    ₹ 20,00,0008.45%6₹ 35,508₹ 5,56,544₹ 25,56,544
    ₹ 20,00,0008.45%7₹ 31,623₹ 6,56,307₹ 26,56,307
    ₹ 20,00,0008.45%8₹ 28,733₹ 7,58,361₹ 27,58,361
    ₹ 20,00,0008.45%9₹ 26,506₹ 8,62,682₹ 28,62,682
    ₹ 20,00,0008.45%10₹ 24,744₹ 9,69,242₹ 29,69,242
    ₹ 20,00,0008.45%11₹ 23,318₹ 10,78,013₹ 30,78,013
    ₹ 20,00,0008.45%12₹ 22,146₹ 11,88,962₹ 31,88,962
    ₹ 20,00,0008.45%13₹ 21,167₹ 13,02,054₹ 33,02,054
    ₹ 20,00,0008.45%14₹ 20,341₹ 14,17,253₹ 34,17,253
    ₹ 20,00,0008.45%15₹ 19,636₹ 15,34,519₹ 35,34,519
    ₹ 20,00,0008.45%16₹ 19,030₹ 16,53,812₹ 36,53,812
    ₹ 20,00,0008.45%17₹ 18,505₹ 17,75,089₹ 37,75,089
    ₹ 20,00,0008.45%18₹ 18,048₹ 18,98,306₹ 38,98,306
    ₹ 20,00,0008.45%19₹ 17,647₹ 20,23,416₹ 40,23,416
    ₹ 20,00,0008.45%20₹ 17,293₹ 21,50,374₹ 41,50,374

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 40,046₹ 1,67,473₹ 19,59,953
    2₹ 43,564₹ 1,63,955₹ 19,16,389
    3₹ 47,391₹ 1,60,127₹ 18,68,998
    4₹ 51,554₹ 1,55,964₹ 18,17,443
    5₹ 56,083₹ 1,51,435₹ 17,61,360
    6₹ 61,010₹ 1,46,508₹ 17,00,349
    7₹ 66,370₹ 1,41,148₹ 16,33,978
    8₹ 72,201₹ 1,35,317₹ 15,61,777
    9₹ 78,544₹ 1,28,974₹ 14,83,233
    10₹ 85,444₹ 1,22,074₹ 13,97,788
    11₹ 92,950₹ 1,14,568₹ 13,04,838
    12₹ 1,01,116₹ 1,06,402₹ 12,03,721
    13₹ 1,09,999₹ 97,519₹ 10,93,722
    14₹ 1,19,663₹ 87,856₹ 9,74,058
    15₹ 1,30,175₹ 77,343₹ 8,43,883
    16₹ 1,41,611₹ 65,907₹ 7,02,271
    17₹ 1,54,052₹ 53,466₹ 5,48,219
    18₹ 1,67,585₹ 39,933₹ 3,80,633
    19₹ 1,82,308₹ 25,210₹ 1,98,324
    20₹ 1,98,445₹ 9194₹ 0

    What are the documents required for UCO Bank Home Loans?

    The list of documents that you must have to apply for the loan are as follows:

    ProofsSalaried Professional

    Self-employed
    Age Proof

    Passport Copy/PAN Card/ Voter ID card, Photo Driving License with birth date (laminated, recent, legible)/Photo ration card with DOB/Employer certificate/ID/School/College Leaving CertificatePassport Copy/PAN Card/ Voter ID card, Photo Driving License with birth date (laminated, recent, legible)/Photo ration card with DOB/Employer certificate/ID/School/College Leaving Certificate
    Identity ProofPAN Card/Voter ID/Passport/Driving License, 2 passport size photographsPAN Card/Voter ID/Passport/Driving License, 2 passport size photographs
    Income Proof

    Form 16 for last 2 years, Latest Salary Slip, bank statements of last 3 yearsIT returns for the last 3 years along with audited balance sheet, P&L account statement for last 3 years, bank statement for last 3 years
    Address Proof

    Latest Telephone Bill/ Electricity Bill/Property Tax Receipt/Passport/ Voter IDLatest Telephone Bill/ Electricity Bill/Property Tax Receipt/Passport/ Voter ID
    Signature Verification ProofDriving License/Passport copy/PAN CardDriving License/Passport copy/PAN Card
    Property Purchase AgreementYes

    Yes

    Objective of UCO Bank home Loan

    • Purchase and construction of independent house/ready built flat for residential purpose
    • Extension/repair/renovation of existing house/flat not more than 50 years old
    • Takeover of home loan availed from other banks/financial firms
    • Loan is also available for furnishing of house property
    • Purchase of old house/flat not more than 30 years old

    UCO Bank Application Form

    In order to avail the home loan from UCO Bank, firstly you need to fill in the application form provided by the bank. Filling an application form is the first step to get the home loan from any lender. The best thing is that you can either fill in this form online or visit your nearest branch for the same. Through these two ways, you can easily apply for a home loan in UCO Bank.

    UCO Bank Home Loan Customer Care

    UCO Bank Home Loan customer care services are always available for you. When you have any sort query related to home loan, you can easily get in touch with the bank by dialing their customer care number. The executives of the bank will be more than happy to serve you at 1800 103 0123. The bank with its customer care executives is always ready to serve you. No matter what sort of issues you are facing, these experts will be more than happy to meet your requirements.

    UCO Bank Home Loan Top Up

    With UCO Bank, you also have the facility to get a top up on your existing home loan. Yes, the bank is here to offer you home loan top-up, wherein you can easily get it. With this, you can top up any other service on your loan and enjoy multiple benefits.

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    EMI Calculator