UCO Bank

Interest Rate on MSME Loans

Base Rate(BR):(Effective from 05.10.2015 ) 9.70%
  Spread over BPLR Effective Rate Spread over Base Rate Effective Rate
a) Total Funded Exposure up to Rs.25 lacs     1.00% BR+1.00%
b) Total Funded Exposure more than to Rs.25 lacs and up to Rs.1.00 crore     2.00% BR+2.00%
c) Total Funded Exposure more than Rs.1.00 crore       As per Credit rating as under:
  Facilities having Maturity of less than 3 years Facilities having Maturity of 3 years or more
Chief Manager
Internal Rating Current Base Rate Spread over Base Rate Effective Rate Spread over Base Rate Effective Rate
A++ 9.70% 1.75% BR+1.75% 2.25% BR+2.25%
A+ 9.70% 2.00% BR+2.00% 2.50% BR+2.50%
A 9.70% 2.00% BR+2.00% 2.50% BR+2.50%
B+ 9.70% 2.50% BR+2.50% 3.00% BR+3.00%
Below B+ 9.70% 3.00% BR+3.00% 3.50% BR+3.50%
Note: 
(1) No internal rating is required upto Rs.1.00 crore. 
(2) CGTMSE Cover is mandatory for loans & advances upto Rs.1.00 crore.
(3) For Mudra Loan upto Rs 10 lakh under PMMY Scheme RoI is Base Rate.

Rate of Interest UCO Traders: (Circular: CHO/RM/31/2012-13 Dated 21.11.2012)

Rate of Interest (As per Total Based Exposure) Current BR Spread over BR Effective Rate
(a) Upto Rs 25.00 lac 10.20% 1.00% BR +1.00%
(i.e.11.20%)
(b) Above Rs 25.00 lac and upto Rs 200.00 lac 10.20% 2.00% BR+2.00%
(i.e. 12.20%)
(c) Above Rs 200.00 lac As per Credit rating.

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