Particulars | Details |
---|---|
Purpose | For setting up of Grid connected RTS [Roof Top Solar) plants & ground mounted elevated Installations, for residential purpose only a) Upto3 KW b) Above 3KW |
Eligibility Criteria |
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Nature of facility | Term Loan |
Minimum & Maximum Loan Amount | Minimum: Rs.50,000/- Maxlmum: Rs.2.00 lakh (up to 3KW) and 6.00 Lakh (above 3KW). |
Credit Score Requirement | Credit Score Check will be conducted at the time of application of the loan. Minimum CIBIL Score of 680 required. In case the Applicant has no Credit history [-1 or 0) or Credit History is not sufficient to score in the range of 300-900, he/she is also eligible for loan |
Margin | Upto 3 KW - 10% or Project Cost Above 3 KW - 20% of Project Cost Loan Upto 2 Lac UCO Float Rate (8.30% at present) - 2.30% i.e. Effective rate = 6.00% p.a. with monthly rests. Loan Above 2 lac For Individuals having Home Loan account with our Bank Applicable card rate for Fresh Home Loan For Individuals having no Home Loan account with our Bank/Other 1.00% over and above the applicable card rate for fresh home loan Click Here to view current rate of interest |
Repayment Tenor & Moratorium Period | Minimum - 6 months Maximum - 120 months Moratorium Period – max 6 (Including maximum Loan tenure) |
Security | No collateral security is required. |
CIBIL Charges | Rs.177/- Inclusive of GST per applicant |
Documentation/Processing Charges | Nil |
DDE Charge | Rs 42 Inclusive of GST |
Stamp Charge | As per State rate applicable |
Cooling off/ look-up period | Three days from the date of sanction/disbursement. |
Penal Charges | In case of default in repayment/delay in repayment/non-compliance of terms of sanction, penal charge on outstanding amount @ 2% + GST on yearly basis will be charged. Default charges to be calculated on daily basis for the entire period of irregularity |
Documentation | Manual or E sign |
Repayment of Loan Instalment | Repayment of loan instalments will be through Auto Recovery mode. |
Disbursement | Eligible loan amount shall be disbursed by Branch |
Point of Contact | For any query please contact Base Branch Customer Care: 1800 8910 For Technical issues Landline: 03344559409 /03344559312 Email:- mailto:digital.lending@ucobank.co.in |
Quick Links | RBI Sachet Portal |
Nodal Grievance Redressal Officer for FinTech/ Digital lending | Chief Manager, OSD & Transaction Monitoring Vertical, 1st Floor, 2 India Exchange Place, Kolkata 700001, Ph.:033 44557120. |
Website link of Nodal grievance redressal officer: | https://ucobank.com/nodal-grievance-redressal-officer-for-fintech/-digital-lending |
Link for online complaint lodgement: | https://spgrs.ucoonline.in |