UCO GST SMART – Product Details

Sl no.	Parameter	Scheme covenants
1	Who are eligible?	Individuals / Proprietorship undertaking business activity and falling within the definition of MSME as per MSMED Act, 2006 and as amended from time to time Customer account must be KYC complied Customer should have GST and Udyam Registration GST returns should have been filed for at least past 24 months Existing account should not have been classified as SMA-2/NPA in past 12 months Customer enjoying WC limit with other banks will have to close the existing WC limit
2	Purpose	Meet working capital requirements
3	Age	18 years (Entry Level Age) to 70 years (Exit Level Age) [For Individual/Proprietor]
4	Loan Amount	Rs. 2L – 25L
5	Rate of interest	UCO Float+1.95%(Currently- 10.25%)
6	Processing & documentation charges	0.20% of sanctioned limit
7	How to access this digital journey	This end to end digital journey may be accessed through UCO Website or mobile phone, using the link shared by the bank
8	Other salient features	End to end digital loan in less than 15 minutes