UCO Bank Cash Personal Loan

UCO Bank Cash Loan (Personal Loan)

UCO Bank Cash Loan is a personal loan from UCO Bank to help borrowers take of their personal expenses. The bank offers the loan for any non-speculative reasons such as educational needs, domestic and foreign travel expenses, medical or healthcare bills, agricultural needs, expenses for social obligations, and even weddings. This loan scheme can also be repurposed into a consolidation loan to pay off your high-interest debts such as credit cards.

Features of UCO Cash (Personal Loan)

Why this Loan?

  • The UCO Cash (Personal Loan) is designed to help permanent/confirmed employees of Public Sector Undertakings, Central Government, State Government units, and reputed national and multinational companies having salary accounts with UCO Bank get financial assistance to meet their personal needs
  • The bank offers a 0.25% concession in interest rate to women borrowers
  • This is a collateral-free loan and does not need any insurance coverage

Loan Amount

  • UCO Bank offers a loan upto twenty times the borrower’s Gross Monthly Income subject to a maximum of Rs 15 lakh for employees of central and state governments
  • For other borrowers, the maximum loan amount offered under this loan scheme is upto ten times the Gross Monthly Income of the borrower or Rs. 10 lakh, whichever is less


The interest rate applicable to this loan is defined as the sum of two factors: UCO Float Rate and a Spread factor. As of April 2023, this float is 9.40% per annum and the spreads are 3.15% per annum for employees of central and state governments and 3.40% per annum for other borrowers.

The bank also offers a 0.25% concession for women. Here are the rates based on where you work and your gender.

  • Employees of Central and State Governments
    • Female borrowers: 12.30% per annum
    • Male borrowers: 12.55% per annum
  • Employees of other organisations, private sector employees
    • Female borrowers: 12.55% per annum
    • Male borrowers: 12.80% per annum


  • State and Central Government employees can repay the loan in 84 months (7 years)
  • Other borrowers can repay the loan within 60 months (5 years)
  • In case the person is approaching retirement, then the entire loan needs to be repaid one year before retirement


  • Permanent/confirmed employees of Public Sector Undertakings, Central Government, State Government units, reputed national and multinational companies with at least two years of service
  • The borrower should have their Salary account with UCO Bank
  • Your net take home pay after all tax, insurance, pension and EMI deductions (including the EMI for this loan) must not be less than 40% of your gross pay, subject to it being at least 10,000. In plain language, it means that you should at least have Rs 10,000 left over in your net salary after all deductions, and this Rs 10,000 should be at least 40% of your gross salary

Security Needed

  • This is an unsecured loan, meaning you don’t have to offer any collateral to get the loan

Processing Charges

  • The bank charges 1.00% of the loan amount for processing this loan, subject to a minimum amount of Rs 750

Documents Needed

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar 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 returns

Reference Facts

  • UCO Bank Website: www.ucobank.com and www.ucoebanking.com (net banking)
  • Headquarters: Kolkata, West Bengal
  • Call Centre Toll-Free Number: 1800 274 0123