GOLD LOAN SCHEME (RETAIL)

SL PARTICULARS DETAILS
NO.
1 Loan Quantum  Maximum Quantum of Loan per borrower (not
per family) against Gold
Jewellery/Ornaments/Coins covering Priority and
Non-priority Sector advances Is Rs. 30 Lacs.
 Loans up to Rs. 10 Lacs per borrower be
sanctioned at Branch Level as per existing
delegated lending powers. Loans falling beyond
delegated lending powers of Branch Head
invariably to be sanctioned by ZLCC.
 No Loan to be sanctioned beyond Rs. 30 Lacs per
borrower (not per family) & Rs. 50 Lacs per
family.
 In case of advances against the security of gold
Coins; weight of gold Coins should not exceed 50
grams per customer.
2 Margin o A minimum margin of 25% shall be maintained
on the market price of the gold
o Gold Loan with higher margin of 30% or 40%
with lower Interest Rates can be sanctioned as
detailed under Rate of Interest.
o However. Branch should ensure a minimum
margin of 25% (LTV of 75%) is available
throughout the tenure of loan extended against
pledge of gold Jewellery/ Ornaments/Coins for
non-agricultural end uses.
o The LTV Ratio shall be computed against the
total outstanding in the account, including
accrued interest, and current value of Gold
Jewellery/Ornaments/Coins accepted as
security/Collateral
3 RATE OF INTEREST Margin Offered Scheme Code Rate of Interest
25% L804R UCO Float Rate
+ 1.60% i .e.
6.90% + 1.60%
30% L804T UCO Float Rate
+ 1.40% i.e.
6.90% + 1.40%
40% L804U UCO Float Rate
+ 1.10% i.e.
6.90% +1.10%
4 VALUATION/AMOUNT The maximum amount that can be sanctioned per gram
OF LOAN TO BE of Gold with 18 to 22 carat purity, after considering the
SANCTIONED PER applicable margin, will be determined and
 GRAM OF GOLD communicated to all Zones and Branches by Retail
Banking & MSME Department, Head Office on
fortnightly basis
5 Appointment of  At the time of 'repeated and multiple' loans to a
Appraiser/Assesse/ single borrower against Gold
Testing Shroff Jewellery/Ornaments/Coins, the appraisal should
be performed by a different appraiser, wherever
more than one appraiser is empanelled with the
Branch. In other cases. Branches may utilize the
services of empanelled appraiser of nearby
Branch
 Gold Ornaments of minimum purity of 18 carat
shall be accepted as security

KISAN CREDIT CARD

(1) Fixing of Credit Limit For farmers raising single crop in a year: Scale of Finance
for the crop (as decided by District Level Technical Committee) x extent of area
cultivated + 10% of limit towards post-harvest/ household/ consumption
requirements + 20% of limit towards repairs and maintenance expenses of farm
assets plus crop insurance, PAIS and/or accident insurance including PAIS, health
insurance & asset insurance. The total will be the loan amount limit for the first
year.
(2) Fixing of For farmers raising more than one crop. The limit is to be fixed as
above depending upon the crops cultivated as per proposed cropping pattern for
the first year and an additional 10% of the limit towards cost escalation/increase
in scale of finance for every successive year up to five years. It is assumed that
the farmer adopts the same cropping pattern for the remaining four years also.
(3) Security: Security will be applicable as per RBI guidelines prescribed from time to
time.
(a) Hypothecation of Crops: For KCC limit up to Rs.1 lakh –Branches are to waive
margin/security requirements.
(b) With Tie-up for Recovery: Branches may consider sanctioning loan on
hypothecation of crops up to card limit of Rs.3 lakh without insisting on collateral
security.
(c) Collateral Security: Collateral Security may be obtained for Limit above Rs.1
lakh in case of non-tie-up and above Rs.3 lakh in case of tie-up advance.
(4) Repayment Period:
(a) The repayment period may be fixed by bank as per the anticipated
harvesting and marketing period for the crops for which a loan has been
granted.
 (b) The term loan component will normally be repayable within a period of
five years depending on the types of activity/investment as per the
existing guidelines applicable for investment credit.
(c) Banks have the discretion to provide longer repayment period for term
loan depending on the type of investment.
(5) Validity of the KCC:
(a) The Kisan Credit Card will be valid for five years subject to an annual
review.
(b) The review may result in continuation of the facility, enhancement of the
limit or cancellation of the limit/withdrawal of the facility depending
upon increase in cropping area/pattern and performance of the
borrower.
(c) When the bank has granted extension and/or re-schedule the period of
repayment on account of natural calamities affecting the farmer, the
period for reckoning the status of operations as satisfactory or otherwise
would get extended together with the extended amount of limit. When
the proposed extension is beyond one crop season, the aggregate of
debits for which extension is granted, is to be transferred to a separate
term loan account with stipulation for repayment in instalments.
(6) Other important features:
(a) There will be no processing fee up to a card limit of Rs.3 lakh.
(b) Where the validity period of KCC is 5 years there might be a legal
requirement to renew the account by taking a fresh letter from the
farmers after every 3 years.
(c) Annual cost revision of rate be done by April of each year for all the crops
and be implemented automatically by all branches in the State/Districts.
(d) The branches should give adequate publicity of the facility like interest
subvention/incentive for prompt repayment as advised by Government of
India and / or State Governments, available to the farmers so that
maximum farmers may benefit from the scheme.
(7) INTEREST RATE:

ITEM RATE OF INTEREST INCENTIVE

INTEREST SUBVENTION SUBVENTION
Agriculture Crop Loan up to 7% 2% up to Rs.3 lakh 3% for prompt
Rs.3 lakh paying farmers up
to Rs. 3 lakh
Above Rs.3 lakh and up to MCLR + 1.15% NA NA
Rs.25 lakh
Above Rs.25 lakh and up to MCLR + 2.15% NA NA
Rs. One crore
Agriculture Advances NO Internal NO Internal Rate NO Internal Rate
having funded exposure up Rate Required Required Required
to Rs. One crore
 CAR LOAN

SL PARTICULARS GUIDELINES
NO.
1 Income Criteria For Salaried Person
Minimum monthly take home of Rs.20,000/- at
all centres after all statutory deductions and
existing loan liabilities and including the
proposed EMI for the car loan.
For Non-Salaried Person
a) Professionals, Self Employed and Businessmen:
i) Minimum income of Rs.5 Lacs p.a. in Metro Centres
and Rs.4 Lacs p.a. in Other Centres as per
ITR/Assessment as per ITR during the preceding year
ii) Maximum loan limit Three times of Average Gross
Annual Income for the last 2 years as per l.T. Returns
b) For Farmers & Agriculturists:
i) Minimum Gross Income of Rs. 4 Lacs p.a. during the
previous Financial Year.
ii) Farmers having land holding in their own name
iii) Maximum loan limit - Three times of Annual Income
of the previous Financial Year.
c) Business Concerns (Corporate & Non-Corporotes)
Can be sanctioned by all Branches
2 Margin a) 15% for new vehicle
b) 20% of valuation in case of reputed Certified Car
Dealers for pre-used cars. Vehicles up to 5 years
old are eligible.
In other cases, 30% of valuation by Approved
Valuer or Surveyor of any General Insurance
company/Certified Automobile Engineer or IDV
(Insured's Declared Value), whichever is lower.
Vehicles up to 5 years old are eligible
c) Margin amount should be deposited upfront
3 Quantum of Loan For New Vehicle:
a) No Ceiling on Maximum Loan Amount.
b) Maximum finance would be 85% of the On-Road
Price.
For Pre-used Vehicle (Vehicle not more than 5 years
old):
a) Rs.l5 Lacs maximum, if purchased from reputed
Certified Car Dealers for pre-used cars like Maruti-True
Value, Mahindra-First Choice, Hyundai-H-promise,
Toyota-U Trust, Ford-Certified Pre-Owned Cars,
Chevrolet Certified etc.
b) Rs 5 Lacs, if purchased from others As per extant
 norms, in case of old vehicle, the borrower has to
produce "Certificate of Fitness" from Certified Car
Dealers like True Value, First Choice/Certified
Automobile Engineer and a Valuation Certificate from
the Approved Valuer/ Surveyor of any General Insurance
Company
4 Rate of NEW Purchased from Purchased from
Interest(Floating) Certified Dealer Others

UCO Float Rate UCO Float Rate+ UCO Float Rate+

5 Security
6 Processing Charges
+0.55% p.a. 1 .65% p.a. 2.15%
a] Hypothecation of Car
b) Collateral Liquid Security, if any, offered/stipulated by
sanctioning authority (Collateral Liquid Security may be
in the form of FDR/NSC/LIC (Surrender value)/Bank
approved shares in Demat form etc.)
c) NACH Mandate/Standing Instruction Mandate for all
instalments have to be obtained without fail and marked
in finacle system.
d) Registration of Charge with RTA with Bank's clause.
1 % of the loan amount subject to a ceiling of Rs. 1500/-
+ GST as applicable.

UCO Udyog Bandhu

1. Purposes: for entrepreneurs engaged in manufacturing and service enterprise for
expansion/modification of existing unit
2. A. Fund Based- Minimum Rs. 1.00 Lakh & above but up to Rs. 5.00 Crore
B. Non-Fund Based- 50% of Fund-Based working capital limit with maximum up to
Rs. 2.50 Crore
3. Types of borrowers
 Individual
 Proprietorship
 Partnership
 Limited Company (Public/Private)

Note: The borrowing concern should exclusively deal with our Bank only
4. Cash Credit: limit against stock and book debt not exceeding 120 days can be
sanctioned
Note: a. No cash credit will be sanctioned against book debt only
b. Limit against book debt should not exceed 50% total fund
 based working capital
5. CBS product code: a. LA 758 for term loan /composite loan
b. CC 131 for cash credit
6. Minimum margin should be 20%
7. Interest rate: up to 10 lakh: base rate
From 10 lakh to 1 cr- base rate+1%
Above 1 cr: as per internal rating applicable MSME loan
Note: for women interest rate will be 0.5% less than effective rate of
interest
8. Security: hypothecation of Stocks, Book Debts & Fixed Assets created out of Bank’s
loan for existing & new units.
Above 10 lakh collateral security should be in the form of mortgage of land and
building or liquid security in the form of FD/NSC, surrender value of LIC, etc.
9. Branch should dispose fresh loan within following dates:
Up to 5 lakhs: within 2 weeks
From 5 lakhs to 25 lakhs: within 4 weeks
Above 25 lakhs: max up to 8 weeks from date of receipt of proposal
10. Repayment terms: repayment period shall not exceed 108 months excluding
moratorium period of maximum 18months.

A. Education Loans – scheme code LA734 – RBC Code - 13038( 10 Lakh in India, 20 Lakh
Abroad)
1. For Loans upto 7.50 lakh – UCO Float rate +2.40%
 No collateral security is required or third party guarantee ; only co obligation of
parents is required.
 NCGTC will provide guarantee at nominal fee of 0.50% of the amount
outstanding and provide a cover for 75% of outstanding loan including interest.
Bank will bear guarantee fee.
2. For Loans above 7.50 Lakh – UCO Float rate + 2.80%
 Tangible collateral security of the amount of the loan also co obligation of
parents.
3. Repayment of loan will be in EMI for 15 years(180 EMI) for all categories after
moratorium period ( Course period+1 year after completion of studies)
4. Extension of loan for completion of course is granted for a max of 2 years with approval
of sanctioning authority.
5. 0.50% concession in UCO Float rate to children of staff to be allowed.
 6. Students satisfying DRI Norms(weaker section of society) – any amount = 4%
7. Students satisfying 60% handicap – any amount = 4%
8. Margin – upto 4 Lakhs – no margin; Above 4 lakhs – India – 5%, abroad – 15%.
9. Penal Interest @ 2% to be charged on overdue amount for overdue period only for limits
above 4 Lakh.
10. Student’s Life insurance is mandatory.
11. Documentation –
 Revised application form
 Viability assessment to be worked out in format A-48
 Agreement between bank, borrower and guarantor
 Loan document to be executed by both the student and parents/guardian as
joint borrower
 Guarantor statement A-26A
 A Declaration from the borrower that he/she has not availed loan from any
other bank for education and there is no outstanding education loan in his/her
name.
 Security papers
12. Interest subsidy under various schemes Page 15-18
13. Credit score – 600
B. UCO Premier Educational Loan – Scheme code – L734P
1. Margin – upto 4 Lakhs – no margin; Above 4 lakhs – 5%
2. India:

List A:
Upto 20 Lakh No security
20-35 Lakh Security required – 100% loan amount
List B:
Upto 15 Lakh No Security
15-25 Lakh Security required – 100% loan amount
List C:
Upto 10 Lakh No Security
10-20 Lakh Security required – 100% loan amount
3. Abroad:
Upto 15 lakh – No security; Over 15 Lakh – Security required
4. UCO Float Rate + 1.55%
 5. Other points same as above
C. UCO Super Premier Education Loan – Scheme code – L734M
1. Max amount – 30 Lakh
2. 0 Margin
3. No security upto 30 Lakh
4. UCO Float rate + 0.40%
5. Other points same as above
D. UCO Aspire – Scheme code – L734A
1. India – min 10 Lakh max 75 Lakh
2. Abroad – min 20 Lakh max 75 Lakh
3. Margin 10%
4. Security – for Home loan borrower/ Staff – 100% of loan amount and Others – 125% of
loan amount
5. UCO Float rate +2.40%

UCO PROPERTY LOAN

Nature of Facility:

 Term Loan OR Overdraft/Cash Credit Limit to be allowed for the purpose of Business only
and transactions ore to be routed ttirougt) OD/CC account and Overdraft/Cash Credit to be
renewed every year.

Eligibility: Salaried Borrower Minimum 1 year of Service*

 Minimum gross Salary of Rs. 30,000 p.m. at Metro Centres and Rs.20000 p.m. for other
centers. Salary statements for minimum 12 months/Form-16/lTR to be obtained.
 Salary of co-applicant can be taken into consideration.
 12 Month bank statement of salaried account must be scrutinized.

♦Minimum service period criteria Is not applicable to Central Govt./Stat Govt PSU Employees

Rate of Interest:

 UCO Float Rate + 2.30% for advance under Priority Sector I.e. Presently 10.35% p.a. UCO
Float Rate + 3.30% for advance under Non-Priority Sector I.e. Presently 11.35% p.a.

Sanction limit:

 Credit facility for an amount of 60 percent of the distress sale value of the property in the
form of Non-Agricultural land with building constructed
 thereon/flat/apartment/commercial property in the name of the borrower (or in joint
names] may be considered.
 Minimum Amount: Rs. 2 Lacs Maximum Amount: Rs. 200 Lacs for Individuals & Rs. 500 Lacs
for Firms/Companies.

Valuation of Property :

 where the valuation of property as a whole exceeds Rs.1OO Lacs, valuation by a second
Valuer shall be obtained as per existing Loan Policy guidelines.

UCO HOME LOAN SCHEME

Maximum Quantum of Loan:

 For Construction/Purchase/Extension: No Upper Cap However, in case of Home Loan for

extension of existing house, the minimum carpet area of proposed construction should not
be less than 50% of existing carpet area.
 For Repair/Renovation: Rs. 1 5.00 Lacs
 For Takeover Home Loans • Minimum Loan Amount; Rs. 5 Lacs • Maximum Loan Amount:
No Upper Cap

Margin:

(A) For Construction/Completion/Finishing of Skeleton/ Unfinished Flat /Purchase /Extension /Repair

/Renovation of House or Flat---

 Minimum 10% (loan up to Rs. 30 Lacs)

 20% (icon above Rs. 30 Lacs to Rs. 75 Lacs) or
 25% (loan above Rs. 75 Lacs) of the of project cost

Cost of land may be treated as margin (Cost of land is to be ascertained from the sale deed. If sale
deed is more than 2 years old, valuation certificate to be obtained from Bank's approved valuers)

Amount already spent for construction can be taken as margin subject to production of evidence

(B) For Takeover Loan Branch to ensure LTV Ratios as per current Market Value as under:

Sanction Limit LTV ratio*(%)

up to Rs. 30 Lacs <=90
above 30 to 75 lacs <=80
above 75 lacs <=75
*LTV RATIO={(Loan/current market value)x100}

For additional funding in Takeover

  Minimum Margin of 25% on cost of Repair/Renovation/Extension/Furnishing is to be
maintained

(C) For Furnishing of dwelling house/flat

 Minimum Margin - 25% of cost of such furnishing

Rate of Interest:

CIBIL or Equivalent Score Spread over UCO Float Rate Effective Rate
Above 750 0.25% UCO Float Rate + 0.25%
upto 750 0.35% UCO Float Rate + 0.35%

Repayment/Moratorium Period:

For Purchase of ready built house or ready built flat/Skeleton/Unfinished flat

 For Purchase of ready built house or ready build flat/Skeleton/Unfinished flat, maximum
moratorium should be six months from the date of disbursement of the loan

For construction of Individual House

 Moratorium may be permitted up to maximum period of 24 months from the date of

disbursement of the first installment of loon or 6 months after completion of construction
whichever is earlier.

For Purchase of flats from approved Project/under tie-up with build

 maximum period of 24 months from the date of disbursement of the first installment or 6
months after completion of construction whichever is earlier

However, moratorium period in all above cases is to be included within the maximum repayment
period & should be maximum of 36 months

Disbursements :

For Construction/Repair/Extension of House/Flat

 For construction, 85% of sanctioned amount will be disbursed in phases not exceeding three,
based on progress of construction
 The last installment of 15% should be released only after being satisfied that 85% of. the
construction work has been completed
 Each installment should be disbursed after the Branch satisfied itself that the previous
installment has been spent for the purpose for which it was drawn, by visit to the site of
construction and by obtaining bills/receipts for amount spent
 UCO PENSIONER LOAN SCHEME

SL Particulars Guidelines
No.

1 Quantum of 1] For Pensioners having provision of family pension & Spouse is

Finance alive:
12 times of monthly pension subject to
• Maximum Rs.10 Lacs for age up to 70 years
• Maximum Rs.5 Lacs for age above 70 years to 74 years

2) For the following Categories of customers;

a) Family pensioners i.e. Spouse receiving pension after death of the
Pensioners
b) Pensioners without family pension provision
c) Pensioners where spouse is pre-deceased

10 times of monthly pension subject to maximum of Rs.3 Lacs

2 Rate of Interest For Public:

UCO FLOAT Rate + 3.30% i.e. Presently 11.35% p.a.

For UCO Bank Staff Pensioners:

UCO FLOAT Rate + 2.30% i.e. Presently 10.35% p.a.

(With monthly rest subject to revision to be made by the Bonk from

time to time at its sole discretion)

3 Repayment 1) For Pensioners having provision of Family Pension & Spouse

Period is alive:
Loan should be repaid in 48 EMIs or before the Pensioner
reaches 75 years of age, whichever is earlier
2) For the following Categories of Customers;
a) Family Pensioners i.e. Spouse receiving pension after death
of the pensioner
b) Pensioners without family pension provision Scheme
Codes
c) Pensioners where spouse is pre-deceased
Loan should be repaid in 48 EMIs or before the Pensioner
reaches 72 years of age, whichever is earlier

In both the above cases repayment will commence from one

month after disbursement
 UCO VYAPAR SAMRIDHI

SL PARTICULARS GUIDELINES
NO
.

1 Quantum of Fund Minimum Rs.1.00 Lakh

Based Limit Maximum Rs.100.00 Lakh

{However, loans up to Rs.10.00 Lakh may be covered under Pradhan

Mantri Mudra Yojana (PMMY)} and ROI will be as per PMMY scheme.

2 i)Fund Based a. Limit against Book Debt will not exceed 50% of the total assessed
a)Cash Credit limit.

b. No Cash Credit will be sanctioned against book debt only.

c. Need based Ad-Hoc facilities can also be sanctioned, however, the

same will be restricted to the level of 25% of the regular sanctioned
limits. The Ad-hoc facility will carry 2% higher rate of interest than
that on the regular limit and maximum tenure of the Ad-hoc will be
for 3 months.

b)Term Loan
Maximum Rs.100.00 Lakh or 80.00 % of the Cost of
acquisition/creation of fixed assets.

ii) Non Fund based Letter of Credit & Bank Guarantee facilities can also be availed within
the overall Maximum Cap of 25% of total limit.

3 Repayment of Sanctioning Authority may also allow moratorium period from 6

Term Loon months to 12 months.

Total repayment period to include moratorium period

4 Margin: While computing drawing power only 50% of the sanctioned limit
should be allowed to be availed against Book Debts not exceeding 90
A)Stock and Book days.
Debts
For both new and existing unit, margin of 20% of Stock should be
maintained while calculating drawing power.
B)Term Loan 20% of value of the assets to be purchased/created out of Bank loan.

5 Rate of Interest Loan Amount Rate of Interest

 Funded exposure upto Rs.10 MCLR of 1 year + 0.15
lakh

Funded exposure above Rs.10 MCLR of 1 year + 1.15

Lakh and upto Rs.25 Lakh

Funded exposure above Rs.25 MCLR of 1 year + 2.15

Lakh and upto Rs.100 Lakh

6 Processing Charges Type of Loan Loan amount Loan amount above Rs.5 lakh
up to Rs.5 Lakh

Cash Credit Nil Rs. 350 per lakh (Minimum Rs.

350) + GST

Term Loan Nil 1 % of the sanctioned limit

(Minimum Rs. 600) + GST

7 Submission of  Stock Statement (SS) should be obtained at the time of fresh

Stock statement & sanction and at the time of every renewal
drawing power  Thereafter, on a half yearly basis preferably as on 28th
February and 31st August every year, evidencing Bank's
hypothecation charge against the Current Assets of the
borrower.
 Drawing Power (DP), in case of Cash Credit facility, the DP
should be calculated on a half yearly basis and as per the
Stock Statement & Book Debts as of 28 th February and 31=^
August, every year.

UCO CASH SCHEME

SL PARTICULARS GUIDELINES
NO.
1 INCOME CRITERIA Minimum monthly take home pay should not be less than
Rs. 10,000
2 QUANTUM OF LOAN 10 times of Gross Monthly Income subject to a maximum
of Rs. 7.50
Lacs
(Loans up to Rs. 10.00 Lacs may be sanctioned by ZLCC
headed by
Zonal Manager)
3 MARGIN NIL
4 RATE OF For Men
INTEREST(FLOATING) UCO Float Rate + 3.15% p.a. presently 11.20% p.a.
 For Women
UCO Float Rate + 2.90% p.a. presently 10.95% p.a.
5 SECURITY Loans may be provided without any Collateral Security
6 REPAYMENT 60 Equated Monthly Installments.
Subject to Remaining Period of Service (Entire loan to be
repaid
one year before retirement).
7 GURANTEE Personal guarantee of Spouse/Nominee of PF/Gratuity of
Borrower
8 INSURANCE Insurance coverage is not mandatory
9 PROCESSING 1% of loan amount (Min. Rs.750/-)
CHARGES
UCO Contractor Scheme

SL Particulars Guidelines
NO
1. Quantum of loan Minimum: above RS 10 lakhs
Maximum: RS 1000 lakhs
2 Eligible credit facility Overdraft: as per turnover method i.e., 25% of
annual projected turnover

Term loan: max 50% of OD limit (500 lacs) or 75%

3 Margin
4 Security
5 Rate of interest
6 Processing charges
7 Renewal charges
8 Inspection charges
of cost of acquisition, whichever is lower
Non fund based: letter of credit and bank
guarantee can be availed within overall maximum
capital 50% of od limit
in case of term loan :25% of value of assets to be
Purchased
: 20% of transport vehicle
In case of non-fund based: 15% margin
Hypothecation on entire current assets and non-
current assets, mortgage of office premises created
out of bank finance
Uco flat rate (8.8%) +0.5%=9.3%
(Where realizable value of collateral security is
100% or above of limit sanctioned
OR
in case of facility secured by liquid collateral and
value of liquid collateral is 91% of limit sanctioned)
Overdraft: RS 350per lacs+ GST
TERM LOAN: 1% of sanctioned limit +GST
Overdraft: RS 350 per lacs +GST
Term loan: RS 120 per lacs +GST
Min: 250 +GST
Max: 55000 +GST
Above 10 lacs and upto 25 lacs – RS 750 per
inspection +GST
Above 25 lacs and upto 50 lacs – RS 1200 per
conveyance charges + out of pocket expenses +GST
Above 50 lacs and upto 100 lacs -RS 3200 per
inspection conveyance charges + out of pocket
expenses+ GST
Above 100 lacs and upto 1000 lacs- RS 5200 per
inspection conveyance charges + out of pocket
expenses+ GST
 Guaranteed Emergency Credit Line
SL PARTICULARS GUIDELINES
NO