Consumer Loans

Universal Co-Operative Urban Bank Ltd. offers a variety of consumer loan products to cater to the diverse needs of its customers. These loans are designed to provide financial assistance for a range of personal expenses.

 

Key Types of Consumer Loans:

Personal Loan: Designed for general financial requirements with a hassle-free application process. These loans can be used for various purposes such as medical emergencies, wedding expenses, home renovation, or debt consolidation.

• Eligibility: Salaried individuals with a confirmed service and other individuals with a regular source of income.
• Features: Attractive interest rates, minimal documentation, flexible loan tenure, and fast processing.

Consumer Durable Loan: A specific loan for the purchase of consumer durables and home appliances.

Housing Loan: To help customers fulfill their dream of owning a home, the bank offers loans for building, buying, or repairing a house.

Education Loan: The bank provides education loans to assist students in pursuing their academic dreams.

Gold Loan: A loan against gold ornaments, offering a quick and easy way to access funds.

Overdraft Loan: This facility allows customers to withdraw money up to a pre-set limit from their account, even if it has a zero balance.

 

General Information & Requirements (as per general banking practices):

Eligibility: Typically, applicants must be members of the bank. Specific eligibility criteria, such as age and income, may vary depending on the loan type.

Documentation: Required documents generally include:

• Duly filled and signed application form.
• Recent photographs.
• Photo ID proof (e.g., Aadhar card, PAN card).
• Residence proof.
• Income proof (e.g., salary slips, bank statements, ITR).
• Additional documents as per the specific loan scheme.