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.
