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Old 14th November 2015, 04:29 PM
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Default UCO Bank

I am from kolkata and want to take the home loan from UCO bank , want to know complete information about loan ?
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Old 14th November 2015, 04:29 PM
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Join Date: Jul 2012
Default Re: UCO Bank

ok, UCO bank established in 1943, UCO Bank is a commercial bank and a Government of India Undertaking. Its Board of Directors consists of government representatives from the Government of India and Reserve Bank of India as well as eminent professionals like accountants, management experts, economists, businessmen, etc.
This housing finance scheme brings to you an excellent opportunity to have your own house or flat.
Eligibility
Individual (including NRI and PIO) having minimum 21 years of age and maximum 70 years of age (all class of borrower) inclusive of repayment period.

Purpose
Purchase and construction of independent house/ready built flat for residential purpose.
Extension/Repair/Renovation of existing house/flat not more than 50 years old.
Takeover of home loans availed from other banks/FIs.
Loan is also available for furnishing of house property.
Purchase of old house/flat not more than 30 years old.

Processing Fee
0.5% of the loan amount, minimum Rs.1500/- & maximum Rs. 15000/-.
100% waiver of processing charges up to 31.12.2015
Repayment
The maximum period of repayment is 30 years/360 EMI but should not be beyond 70 years in case of all class of borrower.
Security & Guarantee
EMTD of property financed.
No third party guarantee
Prepayment charge
NIL
Tax Benefits
Tax relief on principal and interest components of this loan would be available as per provisions prevailing under Income Tax Act.
Insurance
Insurance cover on House Property under UCO Griha Raksha Yojana Scheme to cover the risk of damage to home by natural calamities
Critical illness cover for Home Loan borrowers UCO Griha Raksha Plus to cover the outstanding loan in case of (a) death/permanent total disability arising out of an accident and (b) being diagnosed for contracting any of the listed critical illness

contact address:
UCO Bank Head Office,
10, B T M Sarani, Kolkata - 700 001
West Bengal
India.
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