Loan Details
Bank Name
UCO Bank
Maximum Loan Tenure
Up to 30 years.
Maximum Loan Amount
No limit.
Interest Rate
8.35% to 10% per annum.
Type
Floating
Down Payment
90% on loan up to Rs 30 lacs,
80% on loan above Rs 30 lacs to Rs 75 lacs,
75% on loan above Rs 75 lacs.
Fees and Charges
Processing fees- 0.25% of the pre-approved home loan amount, minimum Rs. 1,000, maximum Rs. 10,000.
Pre-payment charges: NIL for floating interest rate.
Late payment charges: Not mentioned by the bank.
Legal charges: At actuals.
Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank.
Down Payment and Fees
Pre-approved Home Loan
Special Features
None
Eligibility Criteria
Individuals including NRI: Minimum 21 years of age and a maximum 75 years of age.
Special Concession
No
Home Saver Option
No
Features, Eligibility and Concession
Pros
No cap on the loan amount.
Loan tenure of up to 30 years.
Concession for women.
Cons
Low LTV ratio.
No Home Saver option.
Pros & Cons
Application Procedure
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