UCO Bank
Bank has introduced new Repo Rate based lending rate, named UCO FLOAT RATE. The revised Repo linked UCO Float rate is 8.05% w.e.f. 05.10.2019.
Annexure-I
Interest Rate structure applicable to different products / categories of Loans and Advances  Linked to UCO Float :
   
w.e.f. 05.10.2019
    
       
       
       
UCO Float
8.05%
    
Particulars
Credit Risk Premium
Effective Rate( Considering UCO Float)
Effective rate mentioned in this circular with reference to UCO Float prevailing on the date of circular. 
1
 Advances to Micro & Small Enterprises (MSE)    
a) Total Funded Exposure up to Rs.25 lacs
1.30%
9.35%
b) Total Funded Exposure more than to Rs.25 lacs and up to Rs.1.00 crore
2.30%
10.35%
c) Total Funded Exposure more than Rs.1.00 crore
As per Credit rating as under:
Internal Credit Rating
UCO 1
2.05%
10.10%
UCO 2
2.30%
10.35%
UCO 3
2.30%
10.35%
UCO 4
2.80%
10.85%
Below UCO 4
3.30%
11.35%
Note:    
(1)   No internal rating is required upto Rs.1.00 crore.
(2)   CGTMSE Cover is mandatory for loans & advances upto Rs.2.00 crore.
 
(4)   Above interest rates are not applicable for Loans to Retail Trade Sector / Loan under UCO Trader Scheme.
UCO Vyapar Smariddhi
Funded exposure upto Rs 10 lakh
0.30%
8.35%
Funded exposure above Rs 10 lakh and upto Rs 25 lakh
1.30%
9.35%
Funded exposure above Rs 25 lakh and upto Rs 100 lakh
2.30%
10.35%
Mukhya Mantri Swalamban Yojana
 
 
a) upto Rs 10 lacs
0.30%
8.35%
b) Above Rs 10 lacs and upto Rs 40 lacs
1.30%
9.35%
UCO Roop Sangam
0.30%
8.35%
PMEGP
1.30%
9.35%
UCO BUNKAR RIN YOJANA
 
 
For Rs 50000/-
0.15%
8.20%
Above Rs 50000/- & upto rs 3.00 lakhs
1.15%
9.20%
Above Rs 3.00 lakhs and upto Rs 5.00 lakhs
1.65%
9.70%
Prime Minister's Mudra Yojana (PMMY)
0.30%
8.35%
TwoWheeler under Mudra Scheme
0.30%
8.35%
UCO PM CREDIT SCHEME FOR POWERLOOM WEAVERS UNDER MUDRA(upto 10 Lakh)
(a) Cah Credit
0.30%
8.35%
(b) Term Loan  
0.30%
8.35%
UCO PM CREDIT SCHEME FOR POWERLOOM WEAVERS UNDER STANDUP INDIA(Above 10 Lakh upto 25 lakhs)
(a) Cah Credit
1.30%
9.35%
(b) Term Loan  
1.30%
9.35%
UCO PM CREDIT SCHEME FOR POWERLOOM WEAVERS UNDER STANDUP INDIA(Above 25 Lakh upto 1 Crore)
(a) Cah Credit
2.30%
10.35%
(b) Term Loan
2.30%
10.35%
TL Mudra E-Rickshaw
0.30%
8.35%
2
 UCO Estate Purchase loan Scheme
Rate Of Interest applicable to “Advances to Micro and Small Enterprises(MSE) shall be applicable.
3
 UCO Udyod bandhu Scheme
Total Funded Exposure:-
Credit Risk Premium
Effective Rate( Considering UCO Float)
(a) Upto Rs 10.00 Lac
0.30%
8.35%
(b) Above Rs 10.00 Lac and upto Rs 1.00 Crore
1.30%
9.35%
(c) Above Rs 1.00 Crore
As per Credit Rating as under:
Internal Credit Rating
spread over UCO FLOAT
Effective rate
General
Women Entrepreneurs
UCO 1
2.05%
10.10%
9.60%
UCO 2 & UCO 3
2.30%
10.35%
9.85%
UCO 4
2.80%
10.85%
10.35%
Below UCO 4
3.30%
11.35%
10.85%
* Please note that for women Entrepreneurs the applicable rate of interest is 0.50% less than effective rate of interest applicable to general category
4
 UCO Mahila Utthan Scheme
Credit Risk Premium
Effective Rate( Considering UCO Float)
Cash credit Facility
0.30%
8.35%
5
 Retail Trade Advances other than “UCO Trader Scheme”
(a) Upto Rs 25 lac
1.30%
9.35%
(b) Above Rs 25 lacs upto Rs 2 Crore
2.30%
10.35%
(c) Above Rs 2 Crore
As per credit rating as under:
i. UCO1
2.55%
10.60%
ii. UCO2/UCO3
2.80%
10.85%
iii. UCO4
3.30%
11.35%
iv. Below UCO4
3.80%
11.85%
Note:
(1) No Credit Rating is required for loans upto to Rs 100 Lacs
(2) Minimum Credit Rating required for allowing such loans above Rs. 100 lacs to Rs 200 lacs would be UCO 4.
6
 ARTISAN CREDIT CARD
(a) Cah Credit
1.30%
9.35%
(b) Term Loan
1.30%
9.35%
7
 SWAROJGAR CREDIT CARD
Cash Credit
1.30%
9.35%
8
 Advances under UCO General Credit Card Scheme (UGCC) 
0.30%
8.35%
9
 UCO Commercial Vehicle Finance Scheme 
For Loans - Credit Risk Premium Effective Rate(Considering UCO Float)
(a)    Upto Rs.25 lacs
1.30%
9.35%
(b)    Above Rs.25 lacs and up to Rs.1.00 cr
2.30%
10.35%
10
 ROI for Education Loans, UCO Doctor Scheme, Housing Loans and Retail Trade Advances has been given separately.
A
 Education Loans:
Upto Rs.7.50 lacs
2.15%
10.20%
More than Rs.7.50 lacs
2.55%
10.60%
Vocational Education Loan Scheme
2.80%
10.85%
UCO Skill Loan Scheme
1.65%
9.70%
Students satisfying DRI norms - Any Amount  
4.00%
Students satisfying 60% handicapped criteria  - Any Amount  
4.00%
UCO premium Education Loan Scheme
1.30%
9.35%
UCO Aspire 0.50% rebate can be allowed to Girl Student and children Of staff.
2.15%
10.20%
CM B.Ed Annapurna Yojana
2.15%
10.20%
UCO Super Premier Education Loan Scheme
0.15%
8.20%
B
  UCO Trader Scheme:
ROI to Loans and Advances under UCO Trader Scheme
Total Funded Exposure -
(a)  Upto Rs.1.00 Crore
1.30%
9.35%
(b)   Above Rs.1.00 Crore upto rs 5 Crore
As per Credit rating as under:
Internal Credit Rating
UCO 1
2.30%
10.35%
UCO 2/ UCO 3
2.55%
10.60%
UCO 4
2.80%
10.85%
Below UCO 4
3.10%
11.15%
C
 UCO Doctor Scheme
For Loans -    
(a)    Upto Rs.25 lacs
1.30%
9.35%
(b)    Above Rs.25 lacs and up to Rs.1.00 cr
2.30%
10.35%
(c)    Above Rs.1.00 crore
As per Credit rating as under:
Internal Credit Rating
UCO 1
2.05%
10.10%
UCO 2
2.30%
10.35%
UCO 3
2.30%
10.35%
UCO 4
2.80%
10.85%
Below UCO 4
3.30%
11.35%
Note: CGTMSE Cover is compulsory for loans upto Rs.2.00 crore.
D
 Retail and other Schemes 
(i)
 UCO Cash 
a) UCO Cash -for Men
3.15%
11.20%
b) UCO Cash - for Women
2.90%
10.95%
(ii)
 UCO Pensioner 
General Public
3.30%
11.35%
UCO Bank Staff Pensioners
2.30%
10.35%
(iii)
 UCO Securities
3.40%
11.45%
(iv)
 UCO 2-Wheeler 
(a)   General Category
4.55%
12.60%
(b)   Full Liquid Collateral
3.55%
11.60%
(c)   50% Liquid Collateral
4.05%
12.10%
(v)
 HOME LOAN
For Home Loan (Borrowers with Cibil Score or Equivalent >750)
0.00%
8.05%
For Home Loan (Borrowers with Cibil Score or Equivalent <=750)
0.10%
8.15%
     
PMAY-EWS
For Home Loan (Borrowers with Cibil Score or Equivalent >750)
0.00%
8.05%
For Home Loan (Borrowers with Cibil Score or Equivalent <=750)
0.10%
8.15%
PMAY-MIG
For Home Loan (Borrowers with Cibil Score or Equivalent >750)
0.00%
8.05%
For Home Loan (Borrowers with Cibil Score or Equivalent <=750)
0.10%
8.15%
NRI HOME LOAN
For Home Loan (Borrowers with Cibil Score or Equivalent >750)
0.00%
8.05%
For Home Loan (Borrowers with Cibil Score or Equivalent <=750)
0.10%
8.15%
TAKEOVER HOME LOAN
For Home Loan (Borrowers with Cibil Score or Equivalent >750)
0.00%
8.05%
For Home Loan (Borrowers with Cibil Score or Equivalent <=750)
0.10%
8.15%
INTEREST CAPITALISATION
For Home Loan (Borrowers with Cibil Score or Equivalent >750)
0.00%
8.05%
For Home Loan (Borrowers with Cibil Score or Equivalent <=750)
0.10%
8.15%
UCO TOP UP HOME LOAN
1.55%
9.60%
UCO CORPORATE HOME LOAN -CORPORATES
2.30%
10.35%
UCO CORPORATE HOME LOAN-OTHERS
3.30%
11.35%
(vi)
 UCO Car 
For purchase of new Car having repayment period upto 7 years
0.55%
8.60%
For purchase of Pre-used Car -Purchased from Certified Car Dealer
1.65%
9.70%
For purchase of Pre-used Car - all Others
2.15%
10.20%
UCO Car Loan Combo Scheme
0.30%
8.35%
 
(vii)
 UCO Gold Loan Scheme
Priority Sector 
(c)  Gold Loans (PS)  for Retail Assets Products
0.35%
8.40%
Non Priority Sector 
(d)  Gold Loans (NPS)  for Retail Assets Products
3.30%
11.35%
(viii)
 Other Schemes 
(i)    UCO Swabhiman
2.80%
10.85%
(ii)    UCO Rent 
(a) Owner of our Bank's Branch
1.30%
9.35%
(a) To Owner of our Bank’s Branch Premises or where tenant is PSUs, Reputed Corporates, FI, Insurance Companies and MNCs
1.45%
9.50%
(b) For others - repyamenrt upto 36 Months
2.15%
10.20%
(c) For others - repyamenrt above 36 Months
2.40%
10.45%
(d) Commercial Real Estate
2.65%
10.70%
(iii)   UCO Earnest Money
1.45%
9.50%
(iv)    Commercial Real Estate
Separetely given below
(v)    UCO Real Estate
6.20%
14.25%
(vi)   UCO Shopper-salary Tie up/ 100% Liquid security 
1.30%
9.35%
         UCO Shopper- other cases
2.30%
10.35%
(vii)  UCO Property- Priority Sector
2.30%
10.35%
         UCO Property- Non Priority Sector
3.30%
11.35%
(viii) UCO CA
2.30%
10.35%
Note- The Loans under Micro and Small Enterprises would only be linked to Repo linked UCO FLOAT Rate. The loans to be classified as advances to Micro and Small Enterprises would be guided by the latest MSME Policy 2019 dated 02.08.2019 based on the quantum of investment by the unit.
N. NBFC
(i) Spread over 1 year MCLR for  NBFCs(AFC/IFC/HFC)
Facility having maturity upto 1 year
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB 
Below BB
Unrated
UCO1
0.50%
0.75%
1.25%
2.00%
3.00%
3.25%
2.90%
UCO2
0.75%
1.00%
1.50%
2.25%
3.25%
3.50%
3.15%
UCO3
1.25%
1.50%
2.00%
2.75%
3.75%
4.00%
3.40%
UCO4
2.00%
2.25%
2.75%
3.50%
4.50%
4.75%
3.90%
UCO5
2.75%
3.00%
3.50%
4.25%
5.25%
5.50%
4.40%
UCO6 & UCO7
3.50%
3.75%
4.25%
5.00%
6.25%
6.50%
5.40%
Facility having maturity  above 1 years and upto 7 years
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB 
Below BB
Unrated
UCO1
0.70%
0.95%
1.45%
2.20%
3.20%
3.45%
3.10%
UCO2
0.95%
1.20%
1.70%
2.45%
3.45%
3.70%
3.35%
UCO3
1.45%
1.70%
2.20%
2.95%
3.95%
4.20%
3.60%
UCO4
2.20%
2.45%
2.95%
3.70%
4.70%
4.95%
4.10%
UCO5
2.95%
3.20%
3.70%
4.45%
5.45%
5.70%
4.60%
UCO6 & UCO7
3.70%
3.95%
4.45%
5.20%
6.45%
6.70%
5.60%
Facility having maturity  above  7 years
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB 
Below BB
Unrated
UCO1
1.00%
1.25%
1.75%
2.50%
3.50%
3.75%
3.40%
UCO2
1.25%
1.50%
2.00%
2.75%
3.75%
4.00%
3.65%
UCO3
1.75%
2.00%
2.50%
3.25%
4.25%
4.50%
3.90%
UCO4
2.50%
2.75%
3.25%
4.00%
5.00%
5.25%
4.40%
UCO5
3.25%
3.50%
4.00%
4.75%
5.75%
6.00%
4.90%
UCO6 & UCO7
4.00%
4.25%
4.75%
5.50%
6.75%
7.00%
5.90%
               
(ii)NBFC Others
Facility having maturity upto 1 year
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB 
Below BB
Unrated
UCO1
0.75%
1.00%
1.50%
2.25%
3.25%
3.50%
3.15%
UCO2
1.00%
1.25%
1.75%
2.50%
3.50%
3.75%
3.40%
UCO3
1.50%
1.75%
2.25%
3.00%
4.00%
4.25%
3.65%
UCO4
2.25%
2.50%
3.00%
3.75%
4.75%
5.00%
4.15%
UCO5
3.00%
3.25%
3.75%
4.50%
5.50%
5.75%
4.65%
UCO6 & UCO7
3.75%
4.00%
4.50%
5.25%
6.50%
6.75%
5.65%
Facility having maturity  above 1 years and upto 7 years
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB 
Below BB
Unrated
UCO1
0.95%
1.20%
1.70%
2.45%
3.45%
3.70%
3.35%
UCO2
1.20%
1.45%
1.95%
2.70%
3.70%
3.95%
3.60%
UCO3
1.70%
1.95%
2.45%
3.20%
4.20%
4.45%
3.85%
UCO4
2.45%
2.70%
3.20%
3.95%
4.95%
5.20%
4.35%
UCO5
3.20%
3.45%
3.95%
4.70%
5.70%
5.95%
4.85%
UCO6 & UCO7
3.95%
4.20%
4.70%
5.45%
6.70%
6.95%
5.85%
Facility having maturity  above  7 years
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB 
Below BB
Unrated
UCO1
1.25%
1.50%
2.00%
2.75%
3.75%
4.00%
3.65%
UCO2
1.50%
1.75%
2.25%
3.00%
4.00%
4.25%
3.90%
UCO3
2.00%
2.25%
2.75%
3.50%
4.50%
4.75%
4.15%
UCO4
2.75%
3.00%
3.50%
4.25%
5.25%
5.50%
4.65%
UCO5
3.50%
3.75%
4.25%
5.00%
6.00%
6.25%
5.15%
UCO6 & UCO7
4.25%
4.50%
5.00%
5.75%
7.00%
7.25%
6.15%
               
O. Commercial Real Estate
(i) Spread over 1 Year MCLR CRE- Residential Housing
Facility having maturity upto 1 year
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB
Below BB
Unrated
UCO1
1.00%
1.25%
1.75%
2.50%
3.50%
3.75%
3.40%
UCO2
1.25%
1.50%
2.00%
2.75%
3.75%
4.00%
3.65%
UCO3
1.75%
2.00%
2.50%
3.25%
4.25%
4.50%
3.90%
UCO4
2.50%
2.75%
3.25%
4.00%
5.00%
5.25%
4.40%
UCO5
3.25%
3.50%
4.00%
4.75%
5.75%
6.00%
4.90%
UCO6 & UCO7
4.00%
4.25%
4.75%
5.50%
6.75%
7.00%
5.90%
               
Facility having maturity  above 1 years and upto 7 years
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB
Below BB
Unrated
UCO1
1.20%
1.45%
1.95%
2.70%
3.70%
3.95%
3.60%
UCO2
1.45%
1.70%
2.20%
2.95%
3.95%
4.20%
3.85%
UCO3
1.95%
2.20%
2.70%
3.45%
4.45%
4.70%
4.10%
UCO4
2.70%
2.95%
3.45%
4.20%
5.20%
5.45%
4.60%
UCO5
3.45%
3.70%
4.20%
4.95%
5.95%
6.20%
5.10%
UCO6 & UCO7
4.20%
4.45%
4.95%
5.70%
6.95%
7.20%
6.10%
Facility having maturity  above  7 years
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB
Below BB
Unrated
UCO1
1.50%
1.75%
2.25%
3.00%
4.00%
4.25%
3.90%
UCO2
1.75%
2.00%
2.50%
3.25%
4.25%
4.50%
4.15%
UCO3
2.25%
2.50%
3.00%
3.75%
4.75%
5.00%
4.40%
UCO4
3.00%
3.25%
3.75%
4.50%
5.50%
5.75%
4.90%
UCO5
3.75%
4.00%
4.50%
5.25%
6.25%
6.50%
5.40%
UCO6 & UCO7
4.50%
4.75%
5.25%
6.00%
7.25%
7.50%
6.40%
               
(ii) Spread over 1 Year MCLR CRE-Others
Facility having maturity upto 1 year
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB
Below BB
Unrated
UCO1
1.25%
1.50%
2.00%
2.75%
3.75%
4.00%
3.65%
UCO2
1.50%
1.75%
2.25%
3.00%
4.00%
4.25%
3.90%
UCO3
2.00%
2.25%
2.75%
3.50%
4.50%
4.75%
4.15%
UCO4
2.75%
3.00%
3.50%
4.25%
5.25%
5.50%
4.65%
UCO5
3.50%
3.75%
4.25%
5.00%
6.00%
6.25%
5.15%
UCO6 & UCO7
4.25%
4.50%
5.00%
5.75%
7.00%
7.25%
6.15%
Facility having maturity  above 1 years and upto 7 years
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB
Below BB
Unrated
UCO1
1.45%
1.70%
2.20%
2.95%
3.95%
4.20%
3.85%
UCO2
1.70%
1.95%
2.45%
3.20%
4.20%
4.45%
4.10%
UCO3
2.20%
2.45%
2.95%
3.70%
4.70%
4.95%
4.35%
UCO4
2.95%
3.20%
3.70%
4.45%
5.45%
5.70%
4.85%
UCO5
3.70%
3.95%
4.45%
5.20%
6.20%
6.45%
5.35%
UCO6 & UCO7
4.45%
4.70%
5.20%
5.95%
7.20%
7.45%
6.35%
Facility having maturity  above  7 years
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB
Below BB
Unrated
UCO1
1.75%
2.00%
2.50%
3.25%
4.25%
4.50%
4.15%
UCO2
2.00%
2.25%
2.75%
3.50%
4.50%
4.75%
4.40%
UCO3
2.50%
2.75%
3.25%
4.00%
5.00%
5.25%
4.65%
UCO4
3.25%
3.50%
4.00%
4.75%
5.75%
6.00%
5.15%
UCO5
4.00%
4.25%
4.75%
5.50%
6.50%
6.75%
5.65%
UCO6 & UCO7
4.75%
5.00%
5.50%
6.25%
7.50%
7.75%
6.65%
               
(P) Spread for Central Govt/State Govt./Central Govt Guranteed /State Govt Guranteed Account
(i) SPREAD FOR CENTRAL GOVT /STATE GOVT /CENTRAL GOVT GURANTEED A/C
Internal Credit Rating Spread Effective ROI( Considering 1 year MCLR)          
Facility having maturity upto 1 year
          
UCO1 to  UCO5
0.25%
8.90%
          
BELOW UCO 5
0.50%
9.15%
          
               
Facility having maturity  above 1 years and upto 7 years
          
UCO1 to  UCO5
0.45%
9.10%
          
BELOW UCO 5
0.70%
9.35%
          
Facility having maturity  above 7 years
          
UCO1 to  UCO5
0.75%
9.40%
          
BELOW UCO 5
1.00%
9.65%
          
               
(ii) Spread for State Govt. Gurantee Account
Facility having maturity upto 1 year
          
UCO1 TO UCO5
0.50%
9.15%
          
BELOW UCO 5
1.00%
9.65%
          
Facility having maturity  above 1 years and upto 7 years
UCO1 TO UCO5
0.70%
9.35%
          
BELOW UCO 5
1.20%
9.85%
          
Facility having maturity  above  7 years
          
UCO1 TO UCO5
1.00%
9.65%
          
BELOW UCO 5
1.50%
10.15%
          
   
 
          
(iii) Spread for Central Govt. PSU
Facility having maturity upto 1 year
 
Spread over 1 year MCLR
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB 
Below BB
Unrated
UCO1
0.25%
0.50%
1.00%
1.75%
2.75%
3.00%
2.65%
UCO2
0.50%
0.75%
1.25%
2.00%
3.00%
3.25%
2.90%
UCO3
1.00%
1.25%
1.75%
2.50%
3.50%
3.75%
3.15%
UCO4
1.75%
2.00%
2.50%
3.25%
4.25%
4.50%
3.65%
UCO5
2.50%
2.75%
3.25%
4.00%
5.00%
5.25%
4.15%
UCO6 & UCO7
3.25%
3.50%
4.00%
4.75%
6.00%
6.25%
5.15%
Facility having maturity  above 1 years and upto 7 years
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB 
Below BB
Unrated
UCO1
0.45%
0.70%
1.20%
1.95%
2.95%
3.20%
2.85%
UCO2
0.70%
0.95%
1.45%
2.20%
3.20%
3.45%
3.10%
UCO3
1.20%
1.45%
1.95%
2.70%
3.70%
3.95%
3.35%
UCO4
1.95%
2.20%
2.70%
3.45%
4.45%
4.70%
3.85%
UCO5
2.70%
2.95%
3.45%
4.20%
5.20%
5.45%
4.35%
UCO6 & UCO7
3.45%
3.70%
4.20%
4.95%
6.20%
6.45%
5.35%
Facility having maturity  above  7 years
INTERNAL /EXTERNAL RATING
AAA
AA
A
BBB
BB 
Below BB
Unrated
UCO1
0.75%
1.00%
1.50%
2.25%
3.25%
3.50%
3.15%
UCO2
1.00%
1.25%
1.75%
2.50%
3.50%
3.75%
3.40%
UCO3
1.50%
1.75%
2.25%
3.00%
4.00%
4.25%
3.65%
UCO4
2.25%
2.50%
3.00%
3.75%
4.75%
5.00%
4.15%
UCO5
3.00%
3.25%
3.75%
4.50%
5.50%
5.75%
4.65%
UCO6 & UCO7
3.75%
4.00%
4.50%
5.25%
6.50%
6.75%
5.65%
*Unrated means account eligible for External rating or otherwise

 

 

 

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