Public Sector Bank (PSU)Term Loan (Capex / Expansion)All MSME Borrowers🛡️CGTMSE CoveredVerified: 2026-09-29

UCO Bank Secured MSME Term Loan

Primary Lending Institution:UCO Bank

₹5 Lakh to ₹5 Crore MSME credit at 8.75% – 10.35% with Up to 7 years tenure.

Interest Rate8.75% – 10.35%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹5 Lakh to ₹5 CroreBased on turnover & project cost

Repayment TenureUp to 7 yearsWith moratorium where applicable

Collateral SecurityRequires mortgage of immovable property with clear title.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Requires mortgage of immovable property with clear title.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is UCO Bank Secured MSME Term Loan?

Secured credit facility for manufacturing and trading MSMEs against hypothecation and collateral mortgage.

Key Benefits & Features

Competitive rates; combination of term loan and working capital; branch network across India.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

MSMEs with commercial existence of at least 2 years.

Business Vintage2+ Years in Operation

Min. Annual Turnover₹20.0 Lakh

Processing Fee0.50% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://www.ucobank.com/english/uco-msme.aspx with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for UCO Bank Secured MSME Term Loan?

Borrowers can avail ₹5 Lakh to ₹5 Crore with a repayment tenure of Up to 7 years.

What are the processing charges and collateral terms for UCO Bank Secured MSME Term Loan?

The processing fee is 0.50% + GST. Collateral terms: Requires mortgage of immovable property with clear title.

What are the eligibility criteria for UCO Bank Secured MSME Term Loan?

MSMEs with commercial existence of at least 2 years. Minimum business vintage required is 2 year(s).

How can an applicant apply for UCO Bank Secured MSME Term Loan?

Apply online at https://www.ucobank.com/english/uco-msme.aspx or visit nearest branch with KYC, Udyam registration, and bank statements.