Public Sector Bank (PSU)Working Capital Facility (CC / OD)Micro Enterprise (Investment ≤ ₹1 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

UCO Bank UCO Trader Scheme for Retailers

Primary Lending Institution:UCO Bank

₹2 Lakh to ₹1 Crore MSME credit at 8.80% – 10.50% with Up to 5 years tenure.

Interest Rate8.80% – 10.50%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹2 Lakh to ₹1 CroreBased on turnover & project cost

Repayment TenureUp to 5 yearsWith moratorium where applicable

Collateral SecurityRequires proof of valid trade registration and sales tax/GST returns.

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

Requires proof of valid trade registration and sales tax/GST returns.

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 UCO Trader Scheme for Retailers?

Overdraft facility for retailers, general stores, distributors, and dealers.

Key Benefits & Features

Smooth revolving credit; flexible repayment; seasonal drawing power enhancements.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Traders with established commercial retail shops.

Business Vintage1+ Years in Operation

Min. Annual Turnover₹10.0 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-trader.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 UCO Trader Scheme for Retailers?

Borrowers can avail ₹2 Lakh to ₹1 Crore with a repayment tenure of Up to 5 years.

What are the processing charges and collateral terms for UCO Bank UCO Trader Scheme for Retailers?

The processing fee is 0.50% + GST. Collateral terms: Requires proof of valid trade registration and sales tax/GST returns.

What are the eligibility criteria for UCO Bank UCO Trader Scheme for Retailers?

Traders with established commercial retail shops. Minimum business vintage required is 1 year(s).

How can an applicant apply for UCO Bank UCO Trader Scheme for Retailers?

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