Home Loan

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Home Loan

Buying a home is one of the most important financial decisions you and your family will ever make. For most home buyers, obtaining a home loan is the only way to realize their dream of homeownership. If you plan to take a home loan in India, it is important to understand everything about it, as it is a commitment that will last for years until you can repay the entire loan amount.
Salient features of some of the more attractive home Loan Schemes are described below.

UCO Home

Purpose

Purchase and construction of independent house/ready built flat for residential purpose.

Extension/Repair/Renovation of existing house/flat.

Takeover of home loans availed from other banks/FIs.

Loan is also available for furnishing of house property.

Purchase of old house and old flat.

Purchase of plot and construction.

Reimbursement of investment made from own sources for purchase of house/ flat

Eligibility

Indian Resident having regular source of income.

Non-Resident Indian (NRIs) and Persons of Indian Origin (PIOs)

Minimum 21 years of age.

Maximum age limit for full repayment is 75 years for all class of borrowers.

Quantum of Loan

For Construction/Purchase/Extension/Takeover- No upper cap

For Repair & Renovation- Maximum Rs.50.00 lakh

Facility

Term Loan/ Dropline Overdraft

Margin

Up to Rs.30.00 lakh	10%
Above Rs.30.00 lakh & up to Rs.75 lakh	20%
Above Rs.75.00 lakh	25%
*terms & conditions apply

Repayment Period

Maximum 30 years

Processing Charges

For offline sanctions: (valid up to 31-03-2026)

50% waiver of processing charges

For STP sanctions: (valid up to 31-03-2026)

100% waiver of processing charges

Documentation Charges

For offline sanctions: (valid up to 31-03-2026)

50% waiver of processing charges

For STP sanctions: (valid up to 31-03-2026)

100% waiver of processing charges

USPs

Additional concession in Rate of interest of 0.05% for women

Additional concession in Rate of interest for takeover loans

Rate of Interest

Click Here

*terms & conditions apply

UCO Top - up Home Loan

Purpose	With a view to facilitate our borrowers not to approach other financial institutes for their needs, present scheme is designed to finance existing Home Loan borrowers to meet their various needs as permissible in scheme.
Eligibility	Home loan borrowers No overdue in existing Home Loan Account Property must be fully constructed. Valid mortgage has been created in favour of Bank.
Facility	Term Loan/ Overdraft
Margin	Minimum 25%
Repayment Period	Maximum 30 years
Rate of Interest	Click Here
*terms & conditions apply