UCO Bank Home Loan
Owning your dream home is now simpler than ever! With low interest rates, low EMIs, and faster approvals, UCO Bank makes home loans simple and accessible for all. UCO Bank home loan interest rates start at 7.50% per annum, and the loan is granted for a maximum period of up to 30 years. Additionally, the bank charges a nominal processing fee of 0.5% of the total loan amount.
Whether it is the first house that you are buying or planning to revamp your current one, UCO Bank offers home loans to support you at every step of your homeownership journey.
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UCO Bank Home Loan Key Highlights
Get the lowest interest rates with UCO Bank Home Loan
| Loan Amount | No upper limit for home construction/purchase/extension/takeover |
|---|---|
| Rate of Interest | 7.50% per annum onwards |
| RPLR | |
| Processing Fee |
0.5% of the loan amount (Min. Rs. 1,500/-, Max. Rs. 15,000/) |
| Maximum Tenure for Repayment | Up to 30 years or 360 EMIs; not beyond 75 years of age of the borrower |
| Penal Rate of Interest | |
| Rate Packages | Floating |
| Charges for Prepayment/Foreclosure | Nil |
UCO Bank Home Loan Interest Rates in 2025
UCO Bank aims to offer competitive interest rates on its home loan products, ensuring they are easily accessible to all. The bank’s interest rate for 2025 ranges between 7.50% per annum and 9.50% per annum. Additionally, UCO Bank offers a home loan interest rate concession of 0.05% to women applicants (in cases where a woman owns the property).
The table below indicates the various home loan interest rates offered by UCO Bank for various home loan categories:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Applicants with a CIBIL score of more than or equal to 825 (UCO Super Platina Customers) | 7.50% p.a. |
| Applicants with a CIBIL score of more than or equal to 800 and less than or equal to 824 (UCO Platina Customers) | 7.60% p.a. |
| Applicants with a CIBIL score of more than or equal to 750 and less than or equal to 799 (UCO Premia Customers) | 7.85% p.a. |
| Applicants with a CIBIL score of more than or equal to 700 and less than or equal to 749 (UCO Optima Customers) | 8.15% p.a. |
| Applicants with a CIBIL score of 0-1 or less than 300 (New to Credit) | 8.88% p.a. |
| Applicants with a CIBIL score more than or equal to 650 and less than or equal to 699 (New to Credit) | 9.00% p.a. |
| Applicants with a CIBIL score of more than or equal to 600 and less than or equal to 649 | 9.50% p.a. |
| Women borrowers | 0.05% additional concession |
| Takeover loans | 0.10% additional concession |
Interest rates were last updated on 22nd July 2025
UCO Bank Home Loan Eligibility Criteria
All borrowers applying for a home loan with UCO Bank must meet the eligibility criteria specified by the bank. This helps the bank ensure the genuine intent of the applicant and their ability to repay the loan amount.
Listed below are the UCO Bank home loan eligibility requirements set by the bank. Check to ensure that you meet them before applying for a home loan with the bank:
| Eligibility Parameters | For Salaried Individuals | For Self-Employed Individuals |
|---|---|---|
| Age Range (in years) | 21-75 years of age; not more than 65 years at the time of loan application | 21-75 years of age; not more than 65 years at the time of loan application |
| Nationality | Indian and NRI/PIO | Indian and NRI/PIO |
| Minimum Income Earned |
UCO Bank Home Loan Processing Fee and Charges
Every bank levies a nominal processing fee on its home loan applicants, which covers the administrative and other costs involved in processing the loan application. The UCO Bank home loan processing fee is 0.5% of the total loan amount (minimum Rs. 1,500/-; maximum Rs. 15,000/-).
| Processing Fee | 0.5% of the total loan amount (minimum Rs. 1,500/-; maximum Rs. 15,000/-) |
|---|---|
| Charges for Late EMI | 2% + GST per annum |
| Processing Fee | 0.5% of the total loan amount (minimum Rs. 1,500/-; maximum Rs. 15,000/-) |
| Charges for Late EMI | 2% + GST per annum |
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UCO Bank Home Finance Schemes and Top Plans
UCO Bank offers three main types of home loan plans and schemes, enabling a broad segment of applicants to avail of financing options according to their budget and requirements.
Listed below are the key features of each of the three types of home loans offered by UCO Bank to help you make an informed choice:
UCO Home Loan
- For building and buying a ready-built flat or an independent house for residential living
- For making repairs, extensions, or renovations to an existing flat or house (not more than 50 years old)
- For buying an old flat (up to 35 years old) and an old house (up to 40 years old)
- For furnishing a residential property
UCO Pre-Approved Home Loan
- No upper cap for the construction/purchase/extension/takeover of residential property
- Up to Rs. 50 lakh for renovations and repairs on the existing residential property
- The loan amount is sanctioned even before the borrower has finalized the residential property
UCO Top-Up Home Loan
- A loan is available to the bank’s existing home loan applicants to finance any additional requirements over and above the existing loan amount.
- These may include expenses for repairs, home furnishings, business, education, and other similar needs.
- No fresh loan is sanctioned to the borrower with a CIBIL score of less than 650
Note: All of the above home loan plans are made available to applicants solely at the discretion of UCO Bank Home Loan, taking into consideration the earning and repayment capacity of the applicant.
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Documents Required for UCO Bank Home Loan
As part of the home loan application process, all borrowers with UCO Bank must submit a set of required documents. These documents help determine the applicant's creditworthiness and genuineness.
Review the comprehensive list of documents required for a home loan at UCO Bank, applicable to both salaried and self-employed applicants, below.
Documents Required for Salaried Applicants
- Salary slip of the previous 3 months
- Assessment Order/Income Tax Return
- Employment Verification Certificate
- Form 16 issued by the current organization
- Proof of Identity and age - Voter’s ID/Passport/Ration Card/PAN Card, etc.
- Passport-sized photographs of the borrower
- Statement of Accounts/Bank Passbook for the previous 6 months
- Mutation Certificate
- Land Title Deed (in case of construction)
Documents Required for Self-Employed Applicants
- Statement of Accounts (CA/CC)
- Trade license
- Financial statements
- Proof of Identity and age - Voter’s ID/Passport/Ration Card/PAN Card, etc.
- Passport-sized photographs of the borrower
- Statement of Accounts/Bank Passbook for the previous 6 months
- Mutation Certificate
- Land Title Deed (in case of construction)
Common Documents Required from Both Salaried and Self-Employed Applicants
| Type of Document | Documents Required |
|---|---|
| Identity & Address Proof |
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| Documents Related to Property |
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Find UCO Bank Home Loan Offices Near You
While locating a physical branch of the bank and visiting it is a logical step when applying for a home loan with UCO Bank, you can save time, effort, and hassle by completing the same procedure online via BASIC Home Loan.
Our expert team is available to guide and assist you at every step of your UCO Bank home loan application process. Connect with us today!
We strongly recommend visiting the official UCO Bank portal for the latest details on home loans, including their eligibility criteria, interest rates, and required documents.
FAQs
Yes, applying for a home loan with UCO Bank offers several additional benefits, including lower interest rates for balance loan transfers, tax-saving benefits, and top-up overdrafts for home repairs and renovations.
You can check the current status of your loan application on the official UCO Bank website.
Some of the key factors that help determine the rate of interest of the home loan at UCO Bank are:
- The credit score of the applicant
- Loan tenure
- Profile of the applicant
- Amount of loan applied for
- RLLR
The minimum income proof required for applying for a home loan with UCO Bank for salaried professionals is Rs. 25,000 per month.
The maximum repayment tenure allowed by UCO Bank for home loans is up to 30 years.
Of course! You can easily determine the EMI payable on your loan amount at UCO Bank using the EMI calculator available at https://www.basichomeloan.com/emi.