UCO Bank : Apply for Home Loan

Organization : UCO Bank
Facility : Apply for Home Loan

Home Page :https://www.ucobank.com/english/home.aspx
Apply here :https://www.ucobank.com/english/home.aspx

Home Loan :

Housing Loans : This housing finance scheme brings to you an excellent opportunity to have your own house or flat. The scheme has been carefully tailored to suit your requirements.

Related : UCO Bank Apply Educational Loan Online : www.statusin.in/2326.html

The reasonable rate of interest that you pay will be calculated on reducing balance, i.e. you do not have to pay interest on the loan installments actually repaid from the date of such repayment.

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.

Least of the Following :
** 75% or 80% (as the case may be) of the project cost, stamp duty registration and other documentation charges not to be included in the cost of housing property.
** On the basis of monthly income-
** The total deductions existing plus the EMI of the proposed loan would be linked to Gross Monthly Income (GMI) of the borrower as under
** GMI upto Rs.50,000/- 60% of GMI

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.

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
** CO Griha Jeevan Suraksha to cover the outstanding loan in case of accidental or natural death of borrower

About Us :
Founded 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.

To be a Top-class Bank to achieve sustained growth of business and profitability, fulfilling socio-economic obligations, excellence in customer service; through upgradation of skills of staff and their effective participation making use of state-of-the-art technology.

Contact Us :
UCO Bank Head Office,
10, B T M Sarani, Kolkata – 700 001
West Bengal
India.