UCO Bank Loan Against Property in Purnea, Bihar

Avyud Finance facilitates Loan Against Property from UCO Bank under the name UCO Property Loan. The credit facility is for individuals and firms/companies to meet financial requirements of their MSE units, agricultural needs and other purposes falling under the priority sector norms. UCO Property Loan can also be used for personal use such as medical emergencies, traveling expenses, etc.

UCO Bank Loan Against Property Important Information

• Credit facility to Firms/Companies and individuals to meet financial needs of their MSE units, Agricultural needs and other purposes falling under Priority sector norms.


• Credit facility for Personal expenditure of varied needs like medical emergencies, travelling expenses, social obligations etc.

Term Loan or Overdraft to be allowed to Non-Salaried Borrowers/Firms/Companies for Business Purpose Only.

Eligibility Criteria for UCO Bank Loan Against Property

• Any individual (salaried or Professional/Self-employed or Pensioner or others) in the age bracket of 21-65 years having property to be mortgaged and sufficient income to repay the loan.


• Non-Salaried class borrowers should have a regular source of income and are filing IT returns.


• Maximum age limit of the borrower on the date of applying for Credit facility is 65 years and maximum age limit for full repayment is 70 years for all classes of borrowers.

Minimum gross Salary of 30,000/- p.m. at Metro Centers and Rs.20000/- p.m. for other centers.

Minimum Income of 4.00 lac p.a. at all centers as per latest IT Return.

After all deductions like PF, Insurance Premium, Income Tax, Professional Tax and other statutory deductions, any other loan installments including EMI of the proposed loan, Net Take Home Pay should not be less than 40% of gross salary/income or Rs.10000/- whichever is higher.

Documents Required for UCO Bank Loan Against Property

• Loan application form duly filled and signed by the applicant and co-applicant, if any


• Two passport size photographs of the applicant and co-applicant


• Personal ID Proof: Aadhar Card, PAN Card, Passport or Driving License. PAN card / PAN card issuance letter is mandatory


• Signature Proof: PAN Card, Banker's Verification, Driving License or Passport


• Residential Address Proof (Any): Aadhar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement


• Income/Banking Proof for Salaried Professionals: Last 3 Months Salary Slip, Form 16 or Income Tax Return


• Income/Banking Proof for Self-employed Professionals/Non-Professionals: Computation of Income for the last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Invoice/ Form 26AS/TDS Certificate, IT Assessment, etc. .


• Property related documents

Fees & Charges for UCO Bank Loan Against Property

• Processing fee: 0.50% of the loan amount as up-front fee with a maximum of Rs. 2.00 lacs.


• Pre-payment Charges: No prepayment charges when prepayment is done through the borrower’s own fund & 1% prepayment charges are applicable in other cases.