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UCO Bank

Union e-Way Bills Solution

Bank Union Bank of India
Scheme Union e-Way Bills Solution
Description To finance against domestic unpaid invoices which are registered under Goods and Service Tax Network (GSTN) system based on E-Way bill number. These invoices should be duly accepted by the purchasers in hard copy manually as per guidelines in vogue.
Eligibility All business enterprises enjoying existing Fund Based working capital facility from our Bank.
Rate of Interest & Repayment Repayment: Any delayed repayment by the purchaser beyond the due date will attract penal interest as per extant guidelines.
Collateral Primary: Invoices drawn by suppliers duly accepted by the purchaser.
Collateral:
As this facility is part of the total limit to be sanctioned under fund based working capital limit no separate/additional collateral is required to availment of this facility. The exiting collateral to continue.
Composite /loan Limit The total limit to be sanctioned under this scheme should be within the assessed Fund based working capital limits. In case of existing accounts availing the finance under the proposed scheme, separate sub limits out of existing limits may be carved out.
Margin The margin applicable to existing fund based working capital limits should also be made applicable to this scheme.
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UCO Bank

UCO Doctor Scheme (Revised)

Bank UCO Bank
Scheme UCO Doctor Scheme (Revised)
Description Term Loan / Cash Credit

· To finance for purchase of various Medical equipment Finance can also be allowed for purchase, construction, addition, alteration, renovation, furnishing of Clinics/Nursing Home/Medical Centers.

· Financing towards Working Capital to meet day to day requirement.

 

Eligibility ·  Individuals, Proprietorship/Partnership firms, Pvt. Ltd. Cos. engaged in providing medical/pathological/ diagnostic services to the society. Veterinary Doctors/ practitioners are not eligible

·  The doctor/s practicing for a minimum period of three years.

·  In case of medical unit, the same must be in existence for a minimum period of three years and earning profit.

 

Rate of Interest & Repayment a) Total Funded Based Exposure upto Rs. 25 Lacs: UCO Float Rate+ 1.55% ( UCO Float Rate as applicable from time to time)
b) Total Funded Based Exposure more than Rs. 25 Lacs and upto Rs. 1 Crore: UCO Float Rate+ 2.55% ( UCO Float Rate as applicable from time to time)
c) Total Funded Exposure more than Rs. 1 Crore: Based on Internal Rating
Collateral Loans upto Rs. 2.00 crore : No Collateral & Third Party Guarantee.

  • To be compulsory covered under Credit Guarantee Scheme of CGTMSE.
  • CGTMSE fees to be borne by the borrower.

 

Composite /loan Limit ·        Minimum Rs. 1.00 lakh and Maximum Rs 300.00 lacs(Based on eligibility) amount.
Margin  
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UCO Bank

Artisans Credit Card

Bank UCO Bank
Scheme Artisans Credit Card
Description To provide for adequate and timely investment as well as working capital credit needs of Artisans
Eligibility ·        Artisans involved in production/manufacturing process. Preference is being given to Artisans registered with Development Commissioner, Handicrafts/artisans registered with Development Commissioner(Handicraft)

 

Rate of Interest & Repayment UCO Float Rate+ 1.55% ( UCO Float Rate as applicable from time to time)
Collateral ·
Composite /loan Limit Maximum Rs 2 lacs
Margin Credit limit upto Rs. 50,000/- : Nil
Credit Limit over Rs. 50,000/- : 15%
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UCO Bank

UCO Bunkar Rinn Yojana

Bank UCO Bank
Scheme UCO Bunkar Rinn Yojana
Description Aims at providing adequate and timely assistance from the Bank to the weavers to meet their credit The Scheme will be implemented both in rural and urban areas.
Eligibility Existing Handloom Weavers, weaver card issued by the O/o DC (Handlooms) Certificate or Identity cards issued by the State Government.
Rate of Interest & Repayment Varies from UCO Float Rate + 0.40% to 1.90% ( based on the limit)
Collateral ·
Composite /loan Limit The total credit facility extended to individual borrower comprising of CC limit & Term Loan not exceed Rs. 5.00 lakh. Note: The minimum sanctioned loan limit for financing silk handloom weavers shall be Rs. 1.00 lakh.
Margin   20% of calculated credit limit/ project cost. Govt assistance @20% of the cost of max Rs 10,000/- if available
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UCO Bank

UCO Udyog Bandhu

Bank UCO Bank
Scheme UCO Udyog Bandhu
Description Credit limit is to be extended to enterprises engaged in the manufacture, production, processing or preservation of goods and service related economic activities.
Eligibility Technically qualified, promising and well trained/experienced person/ persons having entrepreneurial ability including green horn entrepreneurs, running manufacturing and service enterprise under Micro & Small Enterprise as per the definition of MSMED Act 2006.
Rate of Interest & Repayment
Upto Rs.10.00 Lakh UCO Float Rate+ 0.55% ( UCO Float Rate as applicable from time to time)
Above Rs. 10 Lakh and upto Rs. 1 crore UCO Float Rate+ 1.55% (UCO Float Rate as applicable from time to time)
Above Rs. 1.00 crore As per internal rating applicable for MSME loan accounts.

For women entrepreneurs, the applicable interest rate will be 0.50% less than effective rate of interest.

 

Collateral ·        Hypo of primary security. No collateral/Third party guarantee upto Rs 2.00 Crore but CGTMSE Mandatory. Above 2.00 Crore: Collateral to the extent of 50% of the limit.

Hybrid security product of CGTMSE will be offered for limit upto Rs. 2.00 Crore.

Composite /loan Limit Rs 1 lacs to Rs 7.50 Crore based on eligibility
Margin  
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UCO Bank

Laghu Udyami Credit Card

Bank UCO Bank
Scheme Laghu Udyami Credit Card
Description To meet credit requirements of Small Business units, Retail Traders, Artisans, Village Industries, SSI, Tiny Sector Units and Professionally Self-employed etc.
Eligibility Existing Micro & Small Entrepreneurs dealing with Bank for the past 3 years
Rate of Interest & Repayment ( UCO Float Rate as applicable from time to time)
Collateral ·        The existing securities may be retained while converting the account to LUCC account. However, the recognition of excellent track record of borrowers, banks may be considered in its discretion, to waive collateral security taken for the advance while converting the account under LUCC scheme.
Composite /loan Limit Maximum upto Rs 10.00, lac per borrower.
Margin 10% of the credit facility covered under LUCC Scheme.
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UCO Bank

E-Rickshaw Under Mudra Scheme

Bank UCO Bank
Scheme E-Rickshaw Under Mudra Scheme
Description Financing Two Wheelers under priority sector MUDRA.
Eligibility  
Rate of Interest & Repayment Rate of Interest: UCO Float Rate+ 0.55% ( UCO Float Rate as applicable from time to time)

Repayment: Maximum 60 EMIs commencing from one month after disbursement.

Collateral ·        No collateral or Third Party Guarantee is to be taken.
Composite /loan Limit ·        No Minimum

·        Maximum Rs. 1.00 Lac

 

Margin  
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UCO Bank

UCO Vyapar Samridhi

Bank UCO Bank
Scheme UCO Vyapar Samridhi
Description Provision of guarantee coverage by CGTMSE as per CGTMSE guidelines
Eligibility For both New and Existing business unit under MSE – Small Business including Retail
Rate of Interest & Repayment ·        Repayment tenure of Cash Credit/Term Loan to be decided keeping in view the availability of guarantee coverage under CGTMSE/CGFMU/CGSSI on case to case basis

 

Collateral
  • No collateral security is insisted
Composite /loan Limit ·        FB+NFB Credit facility : Rs. 1.00 Lakh and up to Rs. 100.00 Lakh per MSE borrower

 

Margin  
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UCO Bank

UCO Roop Sangam

Bank UCO Bank
Scheme UCO Roop Sangam
Description To encourage and empower women entrepreneurs
Eligibility ·        Any woman individually or any unit set up by a group of women, Partnership Firm in partnership with other women/ men where the major share in the partnership is of women partner(s)/Private Limited Company with major share of Capital being held by Women.

·        Age Minimum 20 years, Maximum 60 Years.

 

Rate of Interest & Repayment UCO Float Rate+ 0.55% ( UCO Float Rate as applicable from time to time)
Collateral ·
Composite /loan Limit Max: Rs 10.00 Lacs. Out of which WC not to exceed Rs.3.00 lac
Margin Up to Limit Rs 50000:   Nil
Limit above Rs 50000 and up to Rs 10.00 lacs: 15%
(If the application is sponsored from any Govt. Agency, Subsidy if available will be treated as Margin)
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UCO Bank

UCO Trader

Bank UCO Bank
Scheme UCO Trader
Description Working Capital & Term loan needs of clients engaged in Retail, Wholesale Trading activities (excepting Exports) and Services Sector who are willing to furnish mortgage of property and or other acceptable security of adequate value.
Eligibility Individual, Proprietorship, Partnership, Limited Company (public/private), HUF, Borrowing concern should deal exclusively with our Bank only.
Rate of Interest & Repayment ·        Upto 1 Cr: UCO Float Rate+1.55% ( UCO Float Rate as applicable from time to time)

·        Above Rs 1 Cr: based on Rating

 

Collateral
  • Primary: Hypothecation of stocks, book debts & Fixed Assets for existing units making profit at least for last two years.
  • Collateral : Tangible collateral securities in the form of land (Non Agricultural) and building, Property to be mortgaged may be only in the name of Borrower, Proprietor, Partner, Director or any third party who should stand a guarantor.
Composite /loan Limit Rs 1 lacs to Rs 500 lacs based on eligibility
Margin  
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UCO Bank

E-Rickshaw Under Mudra Scheme

Bank UCO Bank
Scheme E-Rickshaw Under Mudra Scheme
Description The aim of the scheme is to increase the confidence of the aspiring young person to become first generation entrepreneurs as also of existing small businesses to expand their activities.
Eligibility  
Rate of Interest & Repayment UCO Float Rate+ 0.55% ( UCO Float Rate as applicable from time to time)

Repayment: The loan will be repaid in 60 to 84 equated monthly installments (EMIs) with a moratorium period of 3 months.
Interest is to be served during moratorium period.

Collateral ·
Composite /loan Limit  
Margin NIL
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UCO Bank

Swarojgar Credit Card

Bank UCO Bank
Scheme Swarojgar Credit Card
Description ·      Swaraojgar Credit Card Scheme (SCC) aims at providing adequate and timely credit i.e. working capital / or block capital or both to small artisans, handloom weavers, service sector, fishermen, self-employed persons, rickshaw owners, other micro-entrepreneurs etc.

·      Borrowers in urban areas can also be covered under SCC Scheme. Small business covered under priority sector is also eligible under SCC Scheme.

 

Eligibility  
Rate of Interest & Repayment UCO Float Rate+ 1.55% ( UCO Float Rate as applicable from time to time)

 

Collateral ·
Composite /loan Limit Rs 25,000/- per borrower as composite loan.
Margin  
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