UCO Bank Indore
Last Updated : Aug. 30, 2018, 5:19 p.m.
About UCO Bank
Wow! We are going to discuss a bank that has made quite an impression among a wider segment of the population. Through its blend of value-added products with an eye on excellent customer servicing, UCO Bank has always been talked about highly in the banking space. The key to the bank’s successful journey, which is now over 7-decade old, is its ability to deliver the right product to the right customer at the right time. Whoever the customers may be, the bank finds out the right offer to them, thereby inculcating a feel of authenticity towards its loans and deposits, which the bank primarily involves into.
The bank has combatted the competition well by keeping a large number of retail, corporate, MSME, NRI and rural customers on the board. All these customers look for custom UCO Bank products to fulfill their dreams. The constant reshaping of the products makes the bank stay among the peers who are slogging out in space where cut throat competition is evident from the fact that there are a large number of lenders waiting anxiously to shift the customers towards them.
Have you ever imagined as to how UCO Bank meet the varied customer needs? The answer lies in its strong ideology to serve customers with the best of the ability and a very competent workforce that works day and night to find the right solution for you. Most of the bank's board members have held the offices of Reserve Bank of India (RBI) and the Government of India. While some of them are experienced professionals in the areas of finance, business, economy, etc. All these add enormously to the value of UCO Bank, which has grown from strength to strength as the years went along.
Founded by Ghanshyam Das Birla in 1943 to operating over 3,000 branches and 2,500 ATMs, the bank has spread its wing enormously over the years. And with 42 head offices, the presence of the bank is enormous, to say the least.
Your own city, Indore, the destination of 'Poha', a type of food, also house the branches of UCO Bank. So, move around and find a branch out of around 30 branches that are there to serve you in Indore, a city located in UCO Bank.
UCO Bank Indore Branches
| Branch Name | Complete Address | IFSC | MICR | Contact Detail |
|---|---|---|---|---|
| Aerodrome Road | S-4, Sita Shree Apartment, Mohta Bag Aerodrome Main Road, Indore, Madhya Pradesh | UCBA0002387 | 452028016 | 9893017153 |
| Sukhliya | AM-28, Sukhliya, Pandit Deen Dayal Nagar, Indore, Madhya Pradesh | UCBA0002388 | 452028017 | 9425329507 |
| Annapurna Road | 612, Ushanagar Extension, Narendra Annapurna Road, Indore, Madhya Pradesh | UCBA0002530 | 452028019 | 9713264163 |
| Sudama Nagar | Raghav Regency, 1881-D, Ring Road Sudama Nagar, Indore- 452009, Madhya Pradesh | UCBA0002590 | 452028020 | 9755738378 |
| Nipaniya | Nipaniya Branch, 36, Kanha Kunj, Samar Park Co Nipaniya Main Road, Nipaniya, District. Indore, Madhya Pradesh | UCBA0002800 | 452028022 | 9893044558 |
| Tejaji Nagar | 57 Anuradha Nagar, Tejaji Nagar Kalod Kartal Indore, Madhya Pradesh | UCBA0002871 | 452028000 | 9644443083 |
| Sanyogita Ganj | 20 Sharada Nand Marg Indore, Madhya Pradesh-452001 | UCBA0000076 | 452028007 | 0731-2703451 |
| MT Cloth Market | Sitla Mata Bazar, Mt Cloth Market Indore, Madhya Pradesh-452002 | UCBA0000084 | 452028003 | 0731-2454669 |
| New Palasia Indore | 2/5 & 3/5 Girnar Tower, New Palasia, Indore, Madhya Pradesh | UCBA0000258 | 452028006 | 0731-2544414 |
| Maharani Road | 16-17, Maharani Road, Indore, Madhya Pradesh -452001 | UCBA0000490 | 452028002 | 0731-2540546 |
| Gram Pipliahana | Tilak Nagar Main Road, Indore, Madhya Pradesh -452018 | UCBA0000525 | 452028008 | 0731-2490384 |
| Jawahar Marg | 107, Jawahar Marg, Indore, Madhya Pradesh- 452001 | UCBA0000701 | 452028004 | 0731-2367139 |
| Anoop Nagar | 23 Anoop Nagar, Indore, Madhya Pradesh -452008 | UCBA0001502 | 452028005 | 0731-2553666 |
| Service Branch | Service Branch, M.T Cloth Market, Sekhawat Market Indore, Madhya Pradesh-452002 | UCBA0001828 | 452028001 | 0731-2455904 |
| Mid Corporate Indore | 19-C, RSS Nagar, Hig, Indore, Madhya Pradesh | UCBA0002064 | 452028011 | 0731-2532424 |
| Chandrawatiganj | Village & Po Chandrawatiga NJ, District Indore, Madhya Pradesh | UCBA0000524 | 452028502 | 0731-261233 |
| Bhagora | VPO Bhagora District Indore, Madhya Pradesh | UCBA0001466 | 452028501 | 0731-262225 |
| JNKVV | J N Agriculture College-E Campus, Indore, Madhya Pradesh | UCBA0001840 | 452028009 | 0731-2492598 |
Products Offered by UCO Bank in Indore
A myriad of financial products designed with a view to match your unique requirements is waiting for you to pick up at Indore branches of UCO Bank. These products generally include personal loan , home loan, car loan, trader loan and much more. All you need is to figure out your goal and find from the list of products that can help achieve it. The briefing of the basic details, I hope, can just be the thing you would want to have. For that, a table is outlined right below.
Basic Details of UCO Bank Loans in Indore
| Products | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| UCO Home Loan | Individuals 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 value | 8.85% - 10.40% | 0.5% of the loan amount Minimum- ₹ 1,500 Maximum- ₹ 15,000 | Upto 30 years |
| UCO Personal Loan | Confirmed 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 lakhs | 12.80% | 1% of the loan amount, subject to a minimum of ₹ 750 | Upto 5 years |
| UCO Property Loan Scheme | Available 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 Cr | 10.75%-11.75% p.a. | Upto 1% of the loan amount | Upto 12 years |
| UCO Education Loan | Students 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 Lakhs | 10.60%-11% p.a. | NIL | Upto 15 years |
| UCO Car Loan | Regular 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 | 7.25% Onwards | 1% of the loan amount, subject to a maximum of ₹ 1,500 | Upto 7 years for new cars Upto 5 years for old cars |
| UCO Trader Loan | Existing 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 Crore | 9.75%-11.55% p.a. | Upto ₹ 20,000 | |
| UCO Roop Sangam | Available 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 Lakhs | 9.75% p.a. | Upto ₹ 363 per lakh and service tax, if any | Upto 5-7 years |
| UCO CA Loan Scheme | Chartered 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 Crore | 11.70% p.a. | 0.5% of the loan amount, subject to a minimum of ₹ 2,000 | Upto 10 years |
Documents Needed to Avail UCO Bank Loans in Indore
| Products | Salaried | Self-employed |
|---|---|---|
| UCO Home Loan | 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 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 Loan | 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 | |
| UCO Car Loan | 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-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 Scheme | 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 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 Sangam | 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 | 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 Loan | 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 |
