UCO Bank

एफएक्यू(अक्सर पूछे जाने वाले प्रश्न)

  1. How the Home Loan eligibility is determined?

    Home Loan eligibility is determined on the basis of income and repayment capacity of the borrower.

  2. Whether Home Loan availed from other Banks can be taken over by UCO Bank?

    Yes, Home Loan availed from other banks can be taken over by UCO Bank.

  3. Can I repay the loan ahead of schedule? What are the prepayment charges?

    Yes, you have the option to repay the loan ahead of schedule either in part or in full without any prepayment charges in case of floating rate Home Loans.

  4. What is the maximum amount of home loan that can be borrowed?
     
    Location/ Centre For construction/ Purchase For Repair / Extension/ Renovation
    Metro /Urban /Semi Urban No upper limit Rs.25 lacs
    Rural No upper limit Rs.7.5 lacs
  5. What securities do I have to furnish?

    Equitable mortgage of the property financed.

  6. What is the maximum period allowed for repayment of Home Loan?

    Maximum period of repayment is 30 years. A moratorium period or repayment holiday may be permitted for a maximum period of 36 months in certain cases.

  7. Whether EMI is to be serviced during Moratorium period?

    No, only interest servicing on monthly basis is required.

  8. What is the rate of interest on Home Loan?

    Bank offers floating interest rates linked to MCLR and these rates change with change in the MCLR of the Bank. For latest interest rates please Click here for Rate of Interest

  9. How is interest calculated/ charged in my loan account?

    Interest is calculated on daily reducing balance basis, which means that it is calculated only on the outstanding loan amount, which reduces every time you pay off your EMIs or make any prepayments. This lowers your interest burden significantly.

  10. What are the processing fees charged by the Bank?

    Borrower has to pay a processing fee equal to 0.5% of the loan amount with minimum Rs. 1500/-, Maximum Rs. 15000/-

  11. If the plot of land is in the name of wife who is not an earning member but husband is an earning member, whether home loan can be granted to them?

    Yes, Loan can be considered in the joint name of wife and husband where husband will be main borrower and wife will be a co borrower.

  12. What is EMI? How is it calculated?

    EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components. You may use our EMI calculator to find out your monthly payments based on the loan amount, rate of interest and the repayment period desired.

  13. Who has to be approached to apply for a home loan facility?

    Nearest branch of UCO Bank or Retail Loan Hub of the city or customers can apply online - Click here to apply online


  14. How can I make payment of EMI on time to avoid extra interest?

    You can transfer the EMI from your own Saving Bank Account/ Current Account maintained with UCO bank by using E banking/ M- banking facility/by giving standing instruction to the Branch. You can get ECS mandate registered with our Bank if saving deposit account is maintained with other bank.

For more details, please contact your nearest UCO Bank branch.

top

  1. Who can avail CAR Loan?

    Salaried/Non-Salaried group including Professionals, Self Employed, Businessmen, Farmers and Agriculturists, Pensioners and Business Concerns are eligible for the loan.

  2. What makes of cars does your Bank finance?

    We provide finance for all makes of cars.

  3. Whether Car Loan scheme is meant for new cars only?

    UCO Car Loan scheme is designed for both new cars and pre used (old) cars.

  4. What is the maximum amount that I am eligible for?

    For New Vehicle: No Ceiling on Maximum Loan Amount, however maximum finance would be limited to 85% of the on Road Price

    For Pre - Used Vehicles: Least of the following three:

    • 70% of the cost of the used vehicle up to 4 years old
    • 60% of the cost of the used vehicle more than 4years old but not exceeding 5 years old
    • Rs. 3.50 lacs maximum
       
  5. What Security do I have to furnish for availing the Car Loan?

    Hypothecation of Car.

  6. Can I club income of my family members for calculating the eligible loan amount?

    Yes, clubbing of Income of spouse and major children can be considered.

  7. What is the repayment schedule?

    Loan can be repaid in maximum 84 months for new cars and maximum 36 months for old cars.

  8. What is EMI?

    EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components. You may use our EMI calculator to find out your monthly payments based on the loan amount, the rate of interest and the repayment period.

  9. What is the interest rate that I will be charged?

     Bank offers floating interest rates linked to Base rate and these rates change with change in the Base Rate of the Bank. For latest interest rates please refer our website.

  10. How is interest calculated/ charged in my loan account?

    Interest is calculated on daily reducing balance basis, which means that it is calculated only on the outstanding loan amount, which reduces every time you pay off your EMIs or make any prepayments. This lowers your interest burden significantly.

  11. What are the processing fees charged by the Bank?

    1% of the loan amount subject to a ceiling of Rs. 1500/-.

  12. Can I repay the loan ahead of schedule? What are the prepayment charges?

    Yes, you have the option to repay the loan ahead of schedule either in part or in full without any prepayment charges.

  13. Who has to be approached to apply for a car loan facility?
  14. Nearest branch of UCO Bank or Retail Loan Hub of the city or customers can apply online at www.ucobank.com.

For more details, please contact your nearest UCO Bank branch.

top

  1. For what type of courses can Educational Loans be taken?

    For studies in India

    • Approved courses leading to graduate/post graduate (Masters & PhD) degree and PG diplomas conducted by recognized colleges/universities recognized by UGC / Govt. / AICTE/ AIBMS/ICMR etc.
    • Professional Courses:
      (Engg., Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.)
    • Courses like, ICWA, CA, CFA etc
    • Courses conducted by IIM. IIT, IISC, XLRI, NIFT, NID etc.
    • Regular Degree/diploma courses like Aeronautical, Pilot training, Shipping etc., approved by Director General of Civil Aviation/Shipping if course is pursued in India.
    • Approved courses offered in India by reputed foreign universities.
    • Evening courses of approved institutes.
    • Courses offered by National Institutes and other reputed private institutions.
    • Computer Certificate Courses of reputed institutes accredited to DOE or institutes attributed to universities.
    • Degree or Diploma Courses on Teacher Training, Nursing, B. Ed Courses conducted by Central/State Govt. approved private institutions. ( The Conditions for Teacher Training course, Nursing and B.Ed. are)
    • It should not be a certification course.
    • The fees should be as per the fees structure stipulated in Central / state Government colleges.

    For Studies Abroad

    • Graduation: For job oriented professional/technical courses offered by reputed universities.
    • Post Graduation: MCA, MBA. M.S etc.
    • Courses conducted by CIMA-London, CPA in USA etc.
      Degree/diploma courses like aeronautical, pilot training, shipping etc provided these are recognized by competent regulatory bodies in India/abroad for the purpose of employment in India/abroad.

  2. What are the costs covered under educational loans?

    Costs which are covered under educational loan are:

    • Fees for the course /Examination /Library /Laboratory
    • Purchase of books/ Stationery & equipment/ instrument /journals/ uniforms.
    • Caution deposit/building fund/refundable deposit supported by Institution bills/receipts.
    • Travel expenses/passage money for studies abroad
    • Hostel charges/ Boarding cost run by institutions /Private Hostel/Paying Guest Accommodation etc.
    • Purchase of Computers - essential for completion of the course.
    • Any other expenses required to complete the course like study tours, project work, thesis etc.
    • Reasonable lodging & boarding charges will be considered in case student chooses/is required to opt for outside accommodation.
       
  3. Who is eligible for an Educational Loan?

    Eligibility criteria are as follows:

    • Student must be an Indian National
    • Secured admission to a higher education course in India or abroad through Entrance test or selection process after completion of HSC(10 plus 2 or equivalent)
       
  4. What is the maximum amount that can be availed under educational loans? / How is the maximum loan amount calculated?

    Amount will depend on need based requirement subject to maximum of

    • Rs.10 lakh for studies in India
    • Rs.20 lakh for studies abroad (subject to compliance of Exchange Control Regulations)
       
  5. What security does one needs to provide for the loan?

    For loan upto Rs.7.50 lac

    • Co-obligation of Parents.
    • No Security or third party guarantee.

    All the loans uptoRs. 7.50 lacs under UCO Education loan Scheme should be covered under Credit Guarantee Fund Scheme for Education Loan (CGFSEL). -

    For loans above Rs. 7.50 lac -

    • - Co-obligation of parents, tangible collateral security equivalent to full value of loan.
  6. Are there any charges or processing fee?

    No there are no charges or processing fee on education loan.

  7. What are the interest rates for education loans?

    Bank offers floating interest rates linked to MCLR of 1 Year and these rates change with change in the MCLR of the Bank. For latest interest rates please refer to our website.

  8. What is a holiday/ moratorium period?

    A holiday period is the maximum time given to the student before he/she needs to start paying back the loan in Equated Monthly Installments (EMIs).

    Bank allows a holiday/ Moratorium period of the Course period + 1 year after completion of studies. During the moratorium period simple interest is charged at monthly rests.

  9. How is the disbursement made?

    The loan is to be disbursed in stages as per requirement/demand directly to the Institutions.

  10. When do I need to apply for a loan?

    You are eligible to apply for a loan after securing admission for any of the approved courses.

  11. What is the margin amount?

    Upto Rs.4 lakh - No Margin
    Above Rs.4 lakh - Studies in India - 5%
                             Studies abroad - 15%
    Scholarship to be included in margin.

  12. What is the age criteria required while applying for an educational loan?

    No Minimum age criteria, However In case of minors’ loan will be jointly in the name of parents and the student shall ratify the borrowing by acknowledging the debt on attaining major status i.e. 18 years of age.
    Maximum Age Limit 28 years for Graduation & 30 years for post-graduation for general candidates. 30 years for Graduation/diploma & 33 years for post-graduation for SC/ST candidates.

  13. Is there a penalty for pre-payment?

    No prepayment penalty will be levied for prepayment of loan any time during the repayment period.

  14. What is the repayment schedule?

    Repayment of the loan will be in equated monthly installments as under: Maximum 15 years (180 EMI) for all categories of loan after moratorium period.

    The interest accrued during the repayment holiday period to be added to the principal & repayment in EMI to be fixed.

  15. Who has to be approached to apply for an Education loan facility?

    Nearest branch of UCO Bank or Retail Loan Hub of the city or customers can apply online at www.ucobank.com.

For more details, please contact your nearest UCO Bank branch.

top

  1. For what purpose UCO Gold Loans are given?

    The objective of the Gold Loan Scheme is to provide loans to borrowers against pledge of their gold ornaments and coins to meet their urgent financial needs.

  2. Who is eligible to avail UCO Gold loans?

    For agricultural and other priority sector advances, individuals, firms and companies fulfilling the criteria are eligible.
    For other than priority sector advances, individuals are eligible to apply.

  3. What security has to be provided?

    Loan is to be considered against security of gold ornaments, jewellery and coins.

  4. What is the margin required?

    A margin of 25% shall be maintained on the market price of the gold.

  5. What is the rate of interest charged?

    Bank offers floating interest rates linked to Base rate and these rates change with change in the Base Rate of the Bank. For latest interest rates please refer our website.

  6. Is there any maximum limit for availing Gold Loan?

    No, there is no ceiling on maximum amount of loan.

  7. How do I repay my Gold loan?

    The due date for repayment of advance shall be fixed based on the purpose of loan for which it is sanctioned. Bullet repayments for principal are accepted.
    Interest is charged in case of loans for Agriculture and allied activities and Crop loans on relaxed terms.

  8. What about the prepayment penalties?

    There are no prepayment charges.

  9. What are the Bank’s Service Charges on Gold Loans?

    Service charges are applicable as follows:

    A) For Priority Sector
    Upto Rs. 10 Lac - Rs. 250/-
    Above Rs. 10 Lac - Rs. 500/-

    (B) For Non-Priority Sector
    Upto Rs. 5 Lac - Rs.500/-
    Above Rs. 5 Lac to Rs. 10 Lac - Rs.1000/-
    Above Rs.10 Lac - @0.20% on quantum of loan subject to a maximum of Rs.5000/-.

  10. Who has to be approached to apply for a Gold loan facility?

    Nearest branch of UCO Bank or Retail Loan Hub of the city or customers can apply online at www.ucobank.com.

  11. What are the interest rates for gold loans?

    Bank offers floating interest rates linked to MCLR of 1 Year and these rates change with change in the MCLR of the Bank. For latest interest rates please refer to our website.

For more details, please contact your nearest UCO Bank branch.

top

  1. What is an Automated Teller Machine (ATM)?
    Automated Teller Machine is a computerised machine that provides the customers of banks the facility of accessing their accounts for dispensing cash and to carry out other financial transactions without the need of actually visiting a bank branch.
  2. What type of cards can be used at an ATM?
    The ATM cards/debit cards, credit cards and prepaid cards (that permit cash withdrawal) can be used at ATMs for various transactions.
  3. What are the services/facilities available at ATMs?
    In addition to cash dispensing ATMs may have many services/facilities such as:
    • Fast Cash Withdrawal
    • Balance Enquiry
    • PIN Change
    • Mini Statement
    • Self A/c & Third Party Fund Transfer
    • Card To Card Fund Transfer
    • Direct TAX Payment
    • Mobile Banking Registration
    • Cash Deposit
    • Regular bills payment
    • Purchase of Re-load Vouchers for Mobiles
    • Loan account enquiry etc.
    The services offered may vary from bank to bank, or may depend on the capacity of the machine to provide such services.
  4. How can one transact at an ATM?
    For transacting at an ATM, the customer insert (swipe) their card in the ATM and enter their Personal Identification Number (PIN).
  5. Can these cards be used at any bank ATM in the country?
    Yes. The cards issued by banks in India should be enabled for use at NPCI inter banks & VISA enabled ATM within India.
  6. What is a Personal Identification Number (PIN)?
    PIN is the numeric password for use at the ATM. The PIN is separately mailed / handed over to the customer by the bank while issuing the card. This PIN has to be reset to a new PIN by the customer. Most banks force the customers to change the PIN on the first use. The PIN number should not be written the card, card holder etc as in such cases the card can be misused if card is lost / stolen.
  7. What should one do if he forgets PIN or the card is sucked in by the ATM?
    The customer may contact the card issuing bank branch and apply for retrieval/issuance of a new card. This procedure is applicable even if the card is sucked in at another bank's ATM. Incase or forgotten PIN customers may request card issuing Branch for re-issuance or duplicate PIN
  8. What should be done if the card is lost / stolen?
    The customer may contact the card issuing bank immediately on noticing the loss so as to enable the bank to block such cards.
  9. Is there any minimum and maximum cash withdrawal limit per day?
    Yes, banks set limit for cash withdrawal by customers. The cash withdrawal limit for use at the ATM of the issuing bank is set by the bank during the issuance of the card. This limit is displayed at the respective ATM locations. For cash withdrawals at other bank ATMs, banks have decided to maintain a limit of Rs 10,000/- per transaction. This information is displayed at the ATM location.
  10. Do banks levy any service charge for use of other bank ATMs?
    As per the RBI circular dated July 17, 2009 and May 27, 2011, five free transactions are permitted per month (inclusive of financial and/or non-financial) at other bank ATMs for Savings Bank Account holders. For transactions beyond this minimum number of transaction, banks charge maximum of Rs 17/- & Rs 6/- per transaction for financial and non-financial transaction respectively.
  11. What should be done in case during the cash withdrawal process, cash is not disbursed by the account gets debited for the amount?
    The customer may lodge a complaint with the card issuing bank. This process is applicable even if the transaction was carried out at another banks ATM.
  12. How many days maximum would the bank require to re-credit the account for such wrong debits?
    As per the RBI instructions, banks may re-credit such wrongly debited amounts within a maximum period of 7 working days.
  13. Are the customers eligible for compensation for delays beyond 7 working days?
    Yes, effective July 1, 2011, banks shall pay customers a sum of Rs. 100 per day for delays beyond 7 working days (if the complaint is lodged with the issuing bank within 30 days). This compensation shall be credited to the customer's account without any claim being made by the customer.
  14. In case the compensation is not credited as mandated, what recourse does the customer have?
    For all such complaints customer may lodge a complaint with the local Banking Ombudsman if the bank does not respond.
  15. Where can I hotlist or block my debit card?
    UCO Bank customer can hotlist or block their card on toll free no 1800 103 0123 and email at uco.custcare@ucobank.co.in

top

यूको में नया-नया :
यूको बैंक ने ऐसे व्यक्तियों को ऋण सुविधा प्रदान करने के लिए यूको कौशल ऋण योजना शुरू की है, जो कौशल विकास पाठ्यक्रमों को शुरू करना चाहते हैं। | अखंडता वचन - सीवीसी पहल | प्रतिभूति बाजार में कारोबार करते समय केवाईसी एक बार की जानी वाली प्रक्रिया है - सेबी द्वारा पंजीकृत मध्यस्थ (दलाल, डीपी, म्युचुअल फंड आदि) द्वारा एक बार केवाईसी की प्रक्रिया पूरी होने के पश्चात, जब आप अन्य मध्यस्थ से संपर्क करते है तो आपको पुनः इस प्रक्रिया से नहीं गुजरना होगा। | बंद करें - अपने डीमैट खाते से अनधिकृत लेदेन पर रोक लगाने के लिए - अपने निक्षेपागार (डिपोजिटरी)सहभागी के साथ अपनी मोबाइल नम्बर को अद्यतन करें । डीमैट खाते से होनेवाले सभी नामे एवं अन्य महत्वपूर्ण लेन देन की अलर्ट अपने पंजीकृत मोबाइल पर उसी दिन सीधे एनएसडीएल से प्राप्त करें । (निवेशकर्ता के हित में जारी ) | बंद करें - आईपीओ को सब्स्क्राईब करते समय निवेशकर्ता को चेक जारी करने की आवश्यकता नहीं है । आवंटन की स्थिति में भुगतान करने के लिए अपने बैंक को अधिकृत करने हेतु केवल आवेदन फार्म में खाता संख्या लिख कर हस्ताक्षर करें । चूंकी रकम निवेशक के खाते में ही रहती है अतः रकम वापसी के चिंता की कोई बात नहीं है। |
© 2016 सर्वाधिकार सुरक्षित