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UCO Bank Home Loan Interest Rates 2022

UCO Bank Housing Loan Interest Rate -Today

Last Updated 12th Jan 2022

Loan AmountUCO Bank Repo Rate Home Loan Rate
Upto ₹ 30 Lakh6.90%
₹ 30 Lakh - ₹ 75 Lakh6.90%
₹ 75 Lakh - ₹ 1 Cr6.90%
Above ₹ 1 Cr6.90%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

UCO Bank Home Loan Rate

UCO Bank offers home loans to both salaried individuals and self-employed at a minimum rate starting at 6.90% up to 7.25%. Apart from the interest rate, the bank also has various other charges such as UCO Bank processing fee - that is charged over and above the loan amount, is non-refundable and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

UCO Bank Home Loan Processing Fee and Other Charges

UCO Bank home loan processing charges are upto 0.50% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. UCO Bank charges a minimum processing of ₹ 1,500 on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees Upto 0.50% of the loan amount; minimum processing fee of ₹ 1,500 to maximum fee of ₹ 15,000
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on UCO Bank Home Loans Schemes

UCO Bank offers a housing loan interest rate at 6.90%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, UCO Bank home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

Below-mentioned are UCO Bank home loan rates for multiple housing schemes.

UCO Bank Home Loan Scheme Interest Rates
UCO Bank Repo Rate Home Loan6.90% - 7.25%

UCO Bank Home Loan Interest Rate for Salaried and Self-Employed

The home loan interest rates in UCO Bank for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 30 Lakh 6.90%
₹ 30 Lakh - ₹ 75 Lakh 6.90%
₹ 75 Lakh - 1 Cr 6.90%
Above ₹ 1 Cr 6.90%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 6.90%
₹ 30 Lakh - ₹ 75 Lakh 6.90%
₹ 75 Lakh - 1 Cr 6.90%
Above ₹ 1 Cr 6.90%

UCO Bank Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount UCO Bank Home Loan Rate For Women UCO Bank Home Loan Rate For Govt Employee
Upto ₹ 30 Lakh 6.90% 6.90%
₹ 30 Lakh - ₹ 75 Lakh 6.90% 6.90%
₹ 75 Lakh - 1 Cr 6.90% 6.90%
Above ₹ 1 Cr 6.90% 6.90%

UCO Bank Home Loan Balance Transfer Interest Rates

UCO Bank home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to UCO Bank at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, UCO Bank offers the loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate UCO Bank
Maximum Annual Percentage Rate (APR) 6.92% to 7.27%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 30 Years
  • UCO Bank Home Loan Interest Rate: 6.90% to 7.25%
  • Processing Fee payable to: Upto ₹ 500
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 659 for 30 Years ₹ 1,00,000 loan at 6.90% (lowest rate, longest time period) to ₹ 1,992 for 5 Years ₹ 1,00,000 loan at 7.25% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 6.92% to 7.27%
  • Total cost payable over loan tenure: ₹ 1,19,025 for 5 Years loan to ₹ 2,37,596 for 30 Years loan

FAQs

Has UCO Bank reduced home loan rates?

Presently, UCO Bank offers personal loans at an interest rate starting at 6.90%. There has been no change in personal loan rates of UCO Bank for a long time and continue to stand at 6.90%.

Why should I opt for balance transfer to UCO Bank?

UCO Bank offers lowest Home Loan EMI of ₹ 659 per lakh availed at the lowest interest rate 6.90% for a maximum tenure of 30 years. If you are paying an EMI more than ₹ 659 per lakh, you should consider the option for a loan transfer to UCO Bank from your existing bank. Current UCO Bank balance transfer rate is 6.50%.

Can UCO Bank housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with UCO Bank to lower the home loan rates. Apart from the home loan rates, you can also negotiate over the processing fee.

Can UCO Bank revise the home loan interest rates for their existing customers?

Yes, UCO Bank offers concessional rates to the existing customers, and you can negotiate with the bank to offer you the revised home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does UCO Bank offer a concessional home loan interest rate for women?

Yes, UCO Bank offers special home loan interest rates for women. As against UCO Bank home loan rates for male which is 6.90%, the home loan interest rate for women starts at %.

What is the UCO Bank home loan rate of ₹ 25 Lakh for 15 years?

For home loan upto ₹ 25 Lakh, UCO Bank provides home loan interest rate starting at 6.90%. However, you can get the lowest rates if you have a good relationship with the bank, work with top corporations, have a good CIBIL score and have stable income sources.

At what interest rate does an UCO Bank employee get a home loan?

UCO Bank offers concessional home loan rates of about 1% than the current home loan rates to UCO Bank employees.

Is UCO Bank home loan a floating rate loan or fixed-rate loan?

UCO Bank home loan is offered at both fixed and floating rates. In the case of the fixed-rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the UCO Bank home loan rate today ?

UCO Bank home loan rate today is in the range of 6.90% to 7.25%.The bank also charges a processing fee of upto Upto 0.50%, Minimum ₹ 1,500 Maximum ₹ 15,000 of the home loan amount.

How much interest does UCO Bank take on home loans?

The rate of interest on UCO Bank home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, UCO Bank home loan current interest rate 2021 are in the range of 6.90% to 7.25%.


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UCO Bank Home Loan News - Jan 2022
  • 2021-11-11 : UCO Bank Partner With Aadhar Housing Finance
    UCO Bank has partnered with Aadhar Housing Finance to offer home loans at competitive interest rates. The aim of both the lenders is to provide convenient banking to its home loan customers from the economically weaker sections of society.
  • 2021-10-29 : Uco Bank Profit Surges In Q2
    Uco Bank posted a growth in profit of nearly 7 fold in the quarter ended September 2021. The lenders profit stood at Rs 205.5 crore as against Rs 30.1 crore of last years profit.
  • 2020-08-04 : UCO Bank reports Rs. 21.46 crore PAT in Q1
    UCO Bank posted a net profit of Rs.21.46 crores for the period ended June 30, 2020, as against a net profit of Rs.16.78 crores for the period ended March 31, 2020. The bank reported total income aided by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans of Rs.4436.57 crores during the period ended June 30, 2020. In addition to this, total deposits which include FD, RD, current and savings accounts increased by 1.4% to Rs 1,95,119.60 crore.
  • 2020-06-30 : UCO Bank Q4 net profit of Rs 16.78 crore
    UCO Bank reported a net profit of Rs 16.78 crore for the fourth quarter ended March 31, mainly due to falling in NPA and lower provisioning. Income during the March quarterbacked by the retail loan like home, personal, gold, two-wheeler, car along with business and mudra loan, increased to 4,511.21 crores, from Rs 4,148.52 crore in same period of preceding fiscal.
  • 2019-07-12 : UCO Bank eyes growth this fiscal, aims to thrust over home loans and business loans
    Public sector lender, UCO Bank is aiming to achieve steady growth during FY19-20. For this, the lender is trying to reduce its bad loans and chalking out ways to get out of RBI’s prompt corrective action (PCA) by 2020. Also, it has plans to give thrust to retail loans, including home loans, mortgage loans, MSMEs (micro, small & medium enterprises) and agriculture loans this year.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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