Launching of a Grand Festive Offer from 20th September 2012

The Car Loan Processing charges stand fully waived and Home Loan Processing charges stand 50% waived from 20th September 12 to 31st December 12.

Full waiver of Processing Charges on both Home Loan and Car Loan where the customer avails both the Loans during the scheme period.

Car Loans (only for new cars) sanctioned and disbursed during the offer period and all Home Loans including take over accounts sanctioned during the offer period shall be eligible for the full waiver of Processing Charges.

Coinciding with the festive offer, the Bank has reduced the interest rate on Home Loan and Car loan w.e.f 20th September 2012.

Processing Charges on Car Loans have been waived in full and 50% in Home Loans during the period from 20th September 12 to 31st December 12.

Gist of the offer:

Name of the Campaign : Grand Festive Offer

Campaign Period :  20th September 12 to 31st December 12

Rate Of Interest

1. Home Loans

Less than Rs. 75 lacs: Base Rate i.e. 10.50%

Rs. 75 lacs and above: Base Rate + 0.25% i.e. 10.75%

2. Car Loans

Repayment upto 7 years : Base Rate + 0.25% i.e. 10.75%

Concession in Processing Charges:

1) Full waiver of Processing Charges on Car Loan

2) 50% waiver of Processing Charges on Home Loan

3) Combo Offer

a) Full waiver of Processing Charges on both Home Loan and Car Loan where the customer avails both the Loans during the scheme period.

b) Full waiver of Processing Charges would also be available to existing Home/ Car Loan borrowers who have regular Home/ Car Loan accounts outstanding with the Bank on the date of sanction of the new loans under the festive offer.

Special Condition:

Eligible Accounts The following accounts shall qualify for the processing fee waiver:

a) For Home Loans

Home Loan proposals including take over accounts sanctioned during the campaign period.

b) For Car Loans

Car Loan proposals (only for new cars) sanctioned and disbursed during the campaign period

The other terms and conditions of the offer are as follows:

1) Staff (wherever applicable) shall also be eligible for the above concession during the Offer period.

2) Except the above changes, all other existing terms and conditions of the UCO Car Loan and UCO Home loan Schemes shall apply.