UCO Bank Business Loan

UCO Bank's business loan help Micro, Small, and Medium Enterprises (MSMEs) grow profitability and ventures. It provides working capital for various business purposes and aims to support women entrepreneurs in setting up or expanding their businesses.

With schemes like PMEGP, UCO UDYOG Bandhu, and Pradhan Mantri MUDRA Yojana, UCO Bank offers competitive financing options for entrepreneurs in the MSME sector. To top it, the loan comes with outstanding benefits that help raise the business competency at ease.

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UCO Bank Business Loan Highlights

UCO Bank's business loan, designed specifically for MSMEs, offers easy access to capital for startups, individuals, and businesses. The interest rate varies based on the specific MSME scheme and the marginal cost of funds based lending rate:

Loan type	Business loan
Purpose	Easy MSME Loans for startups, individuals, and businesses. Accessible working capital loan for growth.
Loan Amount	Upto ₹1000 Lakhs
Interest Rate	8.70% p.a.onwards
Tenure	Upto 7 years

Note: Please be informed that the UCO Bank business loan interest rates are subject to change per the market.

Note that many business loans are offered as per the loan schemes launched by government. Check more on CGTMSE, Udyogini, GECL, Emergency Credit Line Scheme, Standup India Scheme & Mahila Samridhi Yojana from the linked pages.

Types of UCO Bank Business loans

The table below outlines the schemes aimed to empower women in the MSME sector and other small business owners. The information provided is based on their purpose, tenure, and interest rate:

Loan Name	Purpose	Tenure	Interest Rate
UCO Shishu Mudra Loan	Micro businesses for income generation activities	Up to 5 years	Currently ranging from (7% to 9%)
UCO Kishore Mudra Loan	Established micro businesses for expanding/upgrading existing activities	Up to 7 years	Currently ranging from (7% to 9%)
UCO Tarun Mudra Loan	Established micro & small businesses for growth & diversification	3- 5 years	Currently ranging from (7% to 9%)
UCO Pratham MSME Loan	Small businesses for working capital & term loan requirements	3 - 5 years	based on individual borrower profile
UCO Mahila Udyam Nidhi Scheme	Women entrepreneurs for setting up new or expanding existing businesses	Up to 5 years	1% lower than present interest rate for MSME loans
UCO Technology Upgradation Loan Scheme	Small & medium businesses for technology upgradation & modernization	Up to 7 years	Competitive, with special concessions for specific sectors
UCO Export Finance Scheme	Exporters for pre-shipment & post-shipment credit needs	Up to 180 days	Competitive, based on export potential & risk analysis
UCO Stand-up India Loan Scheme	SC/ST & women entrepreneurs for setting up greenfield ventures in manufacturing, trading, or service sectors	Up to 7 years	1% lower than prevailing interest rate for MSME loans
UCO CONTRACTOR	Existing and prospective contractors/sub-contractors for their business needs	Up to 7 years	UCO Float Rate + 0.50% - 1.00%
UCO GST MITRA	MSME enterprises for working capital requirement	Up to 5 years	UCO Float Rate + 1.55%
UCO Vyapar Samridh	New and existing MSME borrowers for working capital or term loan needs	Up to 5 years	UCO Float Rate + 1.55%
Swarojgar Credit Card (SCC)	Micro-entrepreneurs, artisans, handloom weavers, fishermen, etc. for working capital or block capital	Up to 5 years	UCO Float Rate + 1.55%
Laghu up-gradationUdyami Credit Card (LUCC)	Small business units, retail traders, artisans, etc. for working capital or term loan needs	Up to 3 years	UCO Float Rate + 1.55%
UCO Trader	Clients engaged in retail, wholesale trading and services for working capital and term loan needs	Up to 3 years	UCO Float Rate + 1.55% (up to Rs 1 crore), based on rating above Rs 1 crore
UCO UDYOG BANDHU	Enterprises engaged in manufacturing, production, processing, or service activities	Up to 5 years	UCO Float Rate + 0.55% - 1.55%
UCO BUNKAR RINN YOJANA	Handloom weavers for working capital and term loan needs	Up to 3 years	UCO Float Rate + 0.40% - 1.90%
UCO Roop Sangam	Women entrepreneurs for setting up or expanding businesses	Up to 5 years	UCO Float Rate + 0.55%

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Note: Please be informed that the UCO Bank business loan interest rates are subject to change per the market.

Know more about loan criteria to help qualify for quick business loan approvals.

Curious to know more on the different types of business loan offered?
Check more on working capital loan, equipment purchase loan, medical equipment loan, construction equipment loan and commercial vehicle loans from the linked pages.

In need of a business loan?

UCO Bank Business Loan Eligibility Criteria

The eligibility criteria for UCO Bank business loans depend on the specific loan scheme you choose. Here the general overview of eligibility criteria

Age Requirement: 21 - 60 years at the time of loan maturity.
Work Experience: Minimum work experience of 2 years is mandatory for loan applicants.
Business Continuity: Businesses must show a continuity of at least 2 years.

Please Note: The eligible entities for UCO Business Loans are private and public limited companies, partnership firms, proprietary concerns, individuals, MSMEs, and more.

Documents Required for UCO Bank Business Loans

Here are the documents required for applying for a UCO Bank business loan:

PAN Card for Company/Firm/Individual
Identity proof: Aadhaar Card, Passport, Voter's ID Card, PAN Card, Driving License
Address proof: Aadhaar Card, Passport, Voter's ID Card, Driving License, Bank statement of the previous 6 months Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited
Proof of continuation: ITR/Trade license/Establishment/Sales Tax Certificate

Note: The Eligibility criteria many vary depending on the MSME product or scheme chosen,

Avail an instant loan for business needs!

Why UCO Bank Business Loan

UCO Bank's business loan stands out for having numerous benefits and financing options, along with a variety of MSME schemes to meet diverse business needs. Here are the other benefits that the bank provides:

Easy access to working
capital

UCO Banks provides you
easy access to working capital

Loan amount upto
₹1000 Lakhs

With UCO you can now
avail upto ₹1000 Lakhs

Flexible Tenure

Avail loan under the most
flexible tenure that
extends upto 7 years

Interest Rate

Get UCO bank personal
loan under the most
affordable interest rate

No Hidden Charges

Avail loan without
any extra penalties.

How to Apply for UCO Bank Business Loan

Apply for MSME products offered by UCO Bank Business loan , by following these steps

Step 1: Visit the UCO Bank official website

Step 2: Go to the 'MSME Loan' section.

Step 3: Click on the 'Apply Now' button.

Step 4: Fill out the details as mentioned below

Customer Name*
Address*
Pincode*
State*
District*
Preferred Processing Branch
Mobile Number*
Email Id.
Facilities Interested*
Tentative Amount (INR)

Step 5: Submit the form and generate the OTP

Step 6: Proceed to initiate your Business loan application process.

Steps to Apply for Business Loan on Buddy Loan

Buddy Loan provides business loan starting at an interest rate of just 11.99% per annum. Follow the steps below to avail the loan now!

Step 1: Visit buddyloan.com or Download the Buddy Loan app (Android or iOS).
Step 2: Proceed to the business loan application page. Enter your mobile number and OTP to access the Business Loan Application Page.
Step 3: Specify Loan amount and Email. Select the Business Loan option.
Step 4: Choose Business Proof (Yes/ No)

If ‘Yes’ (support your statement with a business proof), input both business and personal details.
If ‘No’ (No business proof), select your profession type and enter your personal details.

Step 5: Provide Income Details and Click 'Submit'

Looking for a business loan?

Frequently Asked Questions

UCO Bank's provides MSME loan at an interest rates of 8.70% onwards (MCLR).

You can get different loan amounts for your UCO Bank business loan, depending on the scheme you choose.

UCO bank offers scheme like UCO Roop Sangam, UCO Stand Up India to help women entrepreneurs expanding their small business.

The possibility of providing collateral depends upon the loan scheme choosen.

Yes, UCO Bank provides the most affordable interest rate for business loan.

The eligibility criteria for UCO Bank's business loan typically include factors such as the entity’s financial stability, business plan etc. However you can also revisit the wepage again to know more about the eligibility criteria.

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Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.

UCO Bank Business Loan Highlights

Types of UCO Bank Business loans

UCO Bank Business Loan Eligibility Criteria

Documents Required for UCO Bank Business Loans