UCO Bank Business Loan in Purnea, Bihar

Avyud Finance provides Business Loan through UCO Bank to different business segments and assists them in scaling up their function. The bank lends the highest loan amount up to Rs. 2,00,00,000 at the floating interest rate of 11.70% p.a. The processing fee is 0.50% of the loan amount subject to a minimum of Rs. 2,000. No prepayment charges are levied on the customer and the customer can repay the loan before the tenure ends.

UCO Bank Business Loan Important Information

• A new home loan product for Bank's corporate borrowers and other corporate entities (Public & Private Limited Companies).


• Under 'UCO Corporate Loan Scheme' loan can be extended to Corporate borrowers for purchase/construction of Dwelling Units/Guest House, Transit Homes for their employees.

Eligibility Criteria for UCO Bank Business Loan

• Corporates: Bank's corporate borrowers and other corporate entities (Public Limited & Private Limited Companies) subject to satisfying following stipulations:


• Years in existence: Minimum 5 Years


• Profit making: Continuous profit making at least since last 3 Years


• Rating: Investment grade external rating BBB and above.


• DSCR: 1.5 (Minimum)


• Cash flow should justify loan repayment capacity.


• NOC should be obtained from the existing Bankers.

Documents Required for UCO Bank Business Loan

• Duly filled application form with passport-sized photographs


• Business Plan


• Business and applicant’s PAN card


• For Identity Proof: Voter’s ID card, Driving license, Valid Passport and Aadhar card.


• For Address Proof: Telephone bill, Electricity bill, Registered Lease Deed and Bank statement


• Business address proof


• Certificate of incorporation and Partnership deed


• Income Proof: Updated bank statements for last 6 months, Last 2 year’s Income Tax returns


• Company establishment certificate


• Any other document required by the UCO bank

Fees & Charges for UCO Bank Business Loan

• Borrower has to pay a processing fee equal to 0.5% of the loan amount minimum Rs. 1500/- , Maximum Rs. 15000/-


• No prepayment charges to be levied without minimum period stipulations irrespective of the source of funds, including take over cases by other Banks.