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Eligibility:
You are eligible for a loan under UCO SHELTER singly, or jointly as husband-wife/parent-son/parent-daughter, if you are
Indian resident having regular source of income.
Minimum 21 years of age.
Maximum 65 years of age inclusive of repayment period
Singly or Jointly as Husband-Wife, Parent-Son & Parent-Daughter
Maximum 75 years of age for Senior Citizens availing finance to secure Shelter in Old
Age Home against full coverage by Bank’s own Term Deposit.
Repayment
The maximum period of repayment is 25 years inclusive of moratorium. However, the monthly interest charged during the moratorium period will have to be paid. The entire
loan will have to be adjusted before retirement or 65 years of age, whichever is earlier. Repayment may be made by deduction from monthly salary or by means of post dated cheques. Flexibility in repayment is permissible through stepped up EMIs and in case of farmer borrower, repayment is linked to crop cycles. Both in case of Salaried and non salaried person, repayment period may be enhanced to certain period over and above the prescribed period depending upon repaying capacity of the co-applicant.
For more details, visit http://www.ucobank.com/loan.htm#EDUCATIONALLOAN
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| Author: Vidya 25 May 2008 | Member Level: Diamond Points : 2 |
useful information
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| Author: Shinu 31 May 2008 | Member Level: Gold Points : 2 |
I was looking for information on loans. I have been interested in this and happy to read more about it.Thanks for the information
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