Pre Qualified Personal Loan
UCO Bank is offering Pre-Qualified Personal loan instantly at your convenience on 24*7 basis in just few clicks. Our Pre-Qualified Personal Loans offer a quick and stress-free way to access the fund you need whether you’re planning a major purchase or managing unexpected expense, our pre-qualified loan process ensures a seamless experience with no physical document required. It does not require any collateral or security.
Presently, this loan is being offered to Selected UCO bank savings account customers fulfilling certain pre-defined criteria.
Customer can apply for Pre Qualified Personal loan with their mobile no/saving account no/customer id by clicking on Start Application
Salient Features Of STP Car Loan for Eligible Customers
| S. No. | Parameter | Guidelines for STP Car Loan | |||||||||||||||
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| 1 | Purpose | For purchase new four wheeler for personal use. | |||||||||||||||
| 2 | Eligibility Criteria | A. Salaried Class: • Confirmed employee (in a reputed private/public limited organization. • Confirmed ernployee or with 6 months of service(whichever is earlier) in the Central/State Government in- • Departments/Undertakings/Entities • Public Sector Undertakings •The account should be having salary credited regularly in each of the past 6 months. • Minimum Net annual income >Rs.5 Lakh p.a. in Metro Centre and >Rs.4 Lakh p.a. in other centres as per ITR/Assessment of ITR during last three year. B. Non-Salaried Class: • Established professionals & Self Employed, Businessmen • Farmer and Agriculturists • Minimum Net annual income >Rs.5 Lakh p.a. in MetroCentre and >Rs.4 Lakh p.a. in other centres as per ITR/Assessment of ITR during last three year. |
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| 3 | Income Criteria | Salaried: Min Rs.20,000 take-home/month Non-Salaried: Rs.5L (Metro), Rs.4L (Others) as per ITR |
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| 4 | Age Criteria | Age between 21-70 including repayment period. | |||||||||||||||
| 5 | Nature of Facility | Term Loan | |||||||||||||||
| 6 | Loan Eligibility | The lowest of the following factors: 1. 90% of on road price of vehicle*. 2. Loan amount as per FOIR norms, where net take home Loan Eligibility after all deductions including EMI is as under-
4. . Requested loan amount. Obligations: As fetched from CIBIL. *On-Road Price = Ex Show Room Price + Cost of Registration + One Time Road Tax + Insurance (One Time). |
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| 7 | Clubbing of income | Income of Spouse, Father, Mother, Son(s), Daughter(s),Brother (Own), Sister (Own) can be clubbed to compute/enhance loan eligibility subject to- • Only where the income ot such Co-applicant is available for servicing of the loan throughout the tenure of the loan. |
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| 8 | Minimum & Maximum Loan Amount | Min: Rs.1 Lakh Max: Need-based |
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| 9 | Credit Score Requirement | Min CIBIL: 700 New to Credit (-1 or 0) eligible Ineligible: SMA-1/2, NPA in 24 months, restructured/written off loans (except COVID) |
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| 10 | Margin | 10% of On-Road price | |||||||||||||||
| 11 | Cooling off/Look-up period | 3 days from sanction/disbursement | |||||||||||||||
| 12 | Rate of Interest | *Category A: Permanent employee of Central Govt./State Govt./PSU/Autonomus Bodies (Controlled by Govt.)/ Govt. Institutes/Govt. Aided Institutes/Employee of Nifty 500 company/Employee of Fortune 500 company maintaining Salary Account with our Bank
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| 13 | Repayment | Minimum - 6 months; Maximum - 84 months Moratorium - Nil |
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| 14 | Security | Hypothecation of Vehicle. | |||||||||||||||
| 15 | CIBIL Charges | Rs.150 + GST | |||||||||||||||
| 16 | Documentation/ Processing Charges | Rs.250/lakh (max Rs.25,000), Processing fee: 0.50% (max Rs.5,000) + GST | |||||||||||||||
| 17 | Pre payment charges | NIL | |||||||||||||||
| 18 | Penal Charge | In case of default in repayment/ delay in repayment/non-compliance of terms of sanction, penal charge (on outstanding amount/default amount as applicable) @ 2% + GST on yearly basis shall be charged. Default charges to be calculated on daily basis for the entire period of irregularity. |
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| 19 | Recovery | Repayment of instalments will be through Auto Recovery/Flexi NACH as per declaration by all the applicants. Auto Recovery - If salary/primary operative account is with our Bank. Flexi NACH - If salary/primary operative account is with other Bank. |
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| 20 | KYC | Required for NTB customers | |||||||||||||||
| 21 | Disbursement | • Disbursement will be done upon branch/Hub satisfactory due diligence of borrower and Car dealer, shall accord final sanction and upon execution of documents and consent for disbursement from borrower shall disburse loan amount along with margin money as per Bank's extant guidelines. • Disbursement to be made to the dealer’s account through RTGS or DD in favour of the dealer. |
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| 23 | Insurance | • Vehicle should be insured under Comprehensive Insurance with requisite Bank clause, preferably through Bank's Channel Partner. • Insurance copies to be collected from the customer post disbursement if insured by customer/dealer own arrangement |
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| 24 | Point of Contact | For any query please contact Base Branch Customer Care: 18001030123 For Technical issues Landline: 03344559409 Email:- digital.lending@ucobank.co.in |
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| 25 | Quick Links | RBI Sachet Portal | |||||||||||||||
| 26 | Nodal Grievance Redressal Officer | Chief Manager, OSD & Transaction Monitoring Vertical, 1st Floor, 2 India Exchange Place, Kolkata 700001, Ph.:033 44557120. | |||||||||||||||
| 27 | Grievance Officer Website | Click here | |||||||||||||||
| 28 | Online Complaint Lodgement | Click here | |||||||||||||||
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