Hey everyone! I’m thinking of applying for a personal loan from UCO Bank does anyone know the current interest rates and processing fees they charge? I’d like to get a sense of what it might cost before heading to the branch.
UCO Bank
If you’re looking into a personal loan from UCO Bank, here’s a helpful breakdown based on recent information:
Interest Rates
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Under the UCO Cash scheme, rates typically range from 10.85% to 13.95% per annum, depending on your credit profile and employment status.
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According to more granular data:
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If you’re a government employee with a strong credit score, you could get as low as 10.20% p.a..
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Your rate might go up to 13.20% p.a. depending on your CIBIL score and whether you have a salaried tie-up with the bank.
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Processing Fees
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For the UCO Cash loan, it’s usually 1% of the loan amount, with a minimum charge of ₹750.
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Other products might have different fees or waivers—like loans for pensioners, where fees may be waived entirely depending on the scheme.
At a Glance
| Component | Details |
|---|---|
| Interest Rate | ~10.85% – 13.95% p.a. (varies by scheme/profile) |
| Processing Fee | 1% of loan (min ₹750) |
Tip:
Your employment type (like salaried or pensioner), bank relationship, and credit score all influence your actual interest rate. Always ask the branch for a detailed, written cost breakdown before you sign anything. That way, there are no surprises later.
