Get your dream home without any hassle as UCO Bank with its best home loan is here to help. The lender offers this secured credit facility to one and all at an attractive interest rate. Want to know the UCO Bank Home Loan interest rates, read the page below.

UCO Bank Home loan Interest Rate February 2025

Read the table to know about the latest UCO Bank Home Loan interest rates for 2025 - 

*NOTE: 0.10% concession for loan takeovers and 0.05% concession for women borrowers (if the property is owned by a woman).

Main Purpose of UCO Bank Home Loan

Here are some of the purpose why should apply for the UCO Bank Home Loans -

• Home Purchase and Construction: Financing available for the purchase and construction of an independent house or ready-built flat for residential use.
• Renovation and Repairs: Loans for extending, repairing, or renovating an existing house or flat, provided it is not older than 50 years.
• Home Loan Takeover: Option to transfer existing home loans from other banks or financial institutions.
• Furnishing Loans: Loans available for furnishing your house property.
• Purchase of Older Properties: Financing for the purchase of a house up to 40 years old and a flat up to 35 years old.

Eligibility Criteria For UCO Bank Home Loan

Here are the eligibility criteria for applicants applying for UCO Bank Home Loan - 

• Eligibility Age: Individuals (including NRIs and PIOs) must be at least 21 years of age and not more than 75 years, including the loan repayment period.
• Maximum Age at Loan Disbursal: The applicant’s age at the time of availing the home loan should not exceed 65 years.

Documentation for UCO Bank Home Loan

Applicants seeking a Home loan from UCO Bank can go through the list of documents that are required while applying for the UCO Bank Home Loan - 

{A} Statement of Means - Statement of Means (format enclosed)

{B} Photographs - Two passport-sized photographs of the applicant(s)

{C} Proof of Identity/Age

One document from the following list:

• Ration Card

• Voter’s ID Card

• PAN Card

• Passport

• Driving License
  
  OR

One document from the following list:

• Office ID Card

• Birth Certificate

• School Leaving Certificate

{D} Bank Statements

• Bank passbook/statement of accounts for the last 6 months (for both applicant(s) and guarantor(s)) – Compulsory

{E} Proof of Employment/Income

For salaried individuals:

• Employment Verification Certificate (format enclosed)

• Salary Slip for the last 3 months

• Form 16 issued by the employer

• Income Tax Return/Assessment Order

{F} Proof of Business (for non-salaried individuals)

Any one of the following:

• Trade License

• Statement of Accounts (CA/CC)

• Financial Statements

{G} Documents for Loan Takeover

• Statement of loan account with another bank/institution
• Copy of sanction advice from the bank/institution

{H} Additional Documents

• Additional documents as per UCO Property loan scheme terms and bank guidelines.

Documents to Submit After Receiving In-Principle Sanction Letter:

(i) For Purchase/Repair/Extension:

• Agreement for Sale/Allotment Letter

• Mother Title Deed/Link Deed of the property

• Sanction Plan from the Corporation/Municipality

• Receipt of initial payment made to the seller

• Certificate from the Bank’s impaneled Chartered Engineer regarding property age and residual life (for repurchase)

(ii) For Construction:

• Title Deed of the land

• Mutation Certificate

• Gift Deed/Partition Deed (if the land is inherited)

• Sanction Plan for Construction

• Estimate for construction by Civil Engineer or approved Valuer

• Statement of construction expenditure to date

(iii) For Takeover (Copies Required):

• Title Deed of land (if the house is constructed)

• Mutation Certificate

• Deed of Conveyance (if the property is a purchased flat/house)

• Sanction Plan

• Municipal Tax Receipt

• Parcha

• Any other document related to mortgage creation

(iv) Common Documents:

• Mutation document in the name of the present owner (Municipal/BLRO)

• Mortgage permission from the Housing Board/Cooperative Society

• Parcha, Municipal Tax Receipt

Documents Required Before Final Sanction:

• Legal opinion/Search Certificate on the marketability of the property

• Certificate from Bank’s Empanelled Chartered Engineer/Valuer on property age and residual life (for repurchase)

• Estimate of the cost of construction/repair/extension from Bank’s Empanelled Valuer/Chartered Engineer (for loan amounts above Rs.10 Lac)

Calculate UCO Bank Monthly EMIs

Here is an example of a different EMI with a loan tenure of up to 30 years with a home loan of Rs. 25,00,000 and interest rates ranging from 8.35% - 10.00% p.a. You can get help with the Wishfin UCO Bank Home Loan EMI Calculator.

You need to put three elements - 

• Loan Amount 

• Tenure 

• Interest Rate

Other Fees of UCO Bank Home Loan

Here are some other charges of UCO Bank Home Loan -

UCO Bank Home Loan Interest Rates Balance Transfer Interest Rates

If your current home loan lender is charging you higher home loan interest rates, nothing to worry as UCO Bank home loan BT should be your ideal move. You can enjoy the lower interest rates AND affordable EMIs, which will further reduce your overall loan outgo.

Summary!

UCO Bank’s home loan interest rates are linked to the Repo Linked Lending Rate (RLLR) and vary based on factors such as loan amount, applicant profile, credit score, and loan tenure. To get the latest home loan interest rates and eligibility details, visit the nearest branch or check the official website.

FREQUENTLY ASKED QUESTIONS

1. What are the latest interest rates for UCO Bank Home Loan?

UCO Bank Home Loan interest rates start from 8.35% up to 10.00% p.a.

2. How are UCO Bank home loan interest rates determined?

UCO Bank home loan interest rates are linked to the Repo Linked Lending Rate (RLLR) and may vary based on factors such as loan amount, applicant profile (salaried/self-employed/NRI), credit score, and loan tenure.

3. Are the home loan interest rates fixed or floating?

UCO Bank primarily offers floating interest rates, which fluctuate based on changes in the RLLR.

4. What is the maximum repayment tenure for UCO Bank home loans?

The maximum repayment tenure is 30 years (360 EMIs), but it should not exceed the borrower’s 75th birthday.

5. Does UCO Bank offer any interest rate concessions?

Yes, UCO Bank provides:

• 0.10% concession for takeover loans.
• 0.05% concession for women borrowers (if the property is in their name).