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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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