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MUDRA Yojana is a government-issued refinancing scheme in which financial institutions act as intermediaries, distributing credit to small-scale business owners. To get the credit without much hassle and at an attractive interest rate, you can contact any branch of United Commercial Bank Ltd. or, in short, UCO Bank. 


Eligible business owners can get up to Rs. 10 Lakhs through UCO Bank MUDRA Loan and make the required investments in their venture. Since it is a credit facility with a low rate of interest and zero processing fees, it will become much easier to repay the loan.

UCO Bank MUDRA Loan Highlights

Credit Nature

  • Working capital loan

  • Term loan

  • Business loan

  • Equipment Finance

  • Transport vehicle loan

  • Credit required for agriculture-related non-farm business


  • To buy the necessary machinery to scale up production

  • To invest adequately in your business for accelerating its earning prospects

  • To modernise your new or existing venture

Eligible Borrowers

Non-corporate business owners trying to accelerate commercial growth

Loan Amount

Maximum of Rs. 10 Lakhs; it varies according to MUDRA interventions, as follows:

  • Shishu: Up to Rs. 50,000

  • Kishor: Between Rs. 50,000 and Rs. 5 Lakhs

  • Tarun: Between Rs. 5 Lakhs and Rs. 10 Lakhs

Repayment Period

1 to 3 Years

Processing Fees


Interest Rate

MCLR-based interest rate starting from 8.05%

Disclaimer: The interest rate, processing fees, tenure, and other necessary aspects about the credit are subject to change as the policies of the lender.

UCO Bank MUDRA Loan Features

MUDRA loan provides credit assistance to small-scale business owners so that they can invest adequately and enhance their growth opportunities. Following are the features of this UCO Bank MUDRA Loan:

  • Collateral is not necessary to get the MUDRA loan. Therefore, it reduces your hassles during loan applications.

  • The repayment period for this credit facility is flexible. You can choose tenure between 1 and 5 years.

  • There are three interventions or subcategories of MUDRA loan, namely Shishu, Kishor and Tarun.

  • All the interventions of UCO Bank MUDRA loans have a different range of allowed loan amounts.

  • You do not need to pay any processing fees on your credit. It can reduce your total cost of borrowing to a certain extent.

  • The credit comes with zero restriction of end usage, letting you utilise the amount to efficiently manage your business expenses.

  • You can get the credit from any of the branches of UCO Bank, nearest to your location.

  • You will also get a MUDRA debit card against your loan account. You can make multiple credit withdrawals, as necessary. 

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UCO Bank MUDRA Loan Interest Rates

MUDRA Loan Interventions

Base Interest Rate







UCO Bank MUDRA Loan Eligibility Criteria

You need to meet the following eligibility standards to get the UCO MUDRA Loan:

  • Willing borrowers need to have non-corporate small business units from manufacturing, trading, services sectors or non-agriculture allied production farms.

  • They should have a sound and well-devised plan for growing the commercial prospect by utilising this credit.

Documents Required for UCO Bank MUDRA Loan

During the credit application procedure, you will have to submit the following documents for the UCO MUDRA Loan:

  • Identity Proof: Aadhaar Card, voter ID card, passport, driving license, etc. 

  • Residential Proof: Passport, Aadhaar Card, electricity or telephone bill, etc.

  • Business Documents: License of the business unit, business establishment certificate, etc.

  • Bank account statements for the last 6 months

  • 2 passport-sized photographs of the applicant

  • Balance sheets of the last 2 years 

  • Estimated balance sheet for the coming year

  • Project report demonstrating the economic prospect of your business


Note: You may have to provide additional documents if requested by the lending institution. 

How to Apply for UCO Bank MUDRA Loan

You can apply for the UCO Bank MUDRA Loan by following the steps mentioned below:

  • Step 1: Visit the official portal of the UCO Bank.

  • Step 2: Find the MUDRA loan application form and print it out.

  • Step 3: Fill in the application form properly.

  • Step 4: Attach all the necessary documents.

  • Step 5: Submit your duly filled application form to a nearby branch of the UCO Bank.


Following this, the branch will carefully examine your application and go through your documents before approving your loan.

UCO Bank Customer Care

For any queries regarding your MUDRA loan, you can contact the financial institution through the following means:

  • Toll-Free Number: 1800 103 0123

  • Email ID: hopgr.calcutta@ucobank.co.in 


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. 

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs for UCO Bank MUDRA Loan

What is the interest rate for UCO Bank PM MUDRA Loan?

The interest rate of the UCO Bank MUDRA loan starts at 8.05% onwards. The applicable interest rate, however, depends on several factors, including the credit amount, business and its profitability, past repayment record, etc.

Is there any subsidy for the UCO Bank MUDRA Loan?

You will not get any subsidy on your MUDRA loan. Nevertheless, if your loan is linked with a government scheme providing a subsidy, you can leverage it to reduce your outgoing interest. 

Is there any security needed for the UCO Bank PM MUDRA Loan Yojana?

A MUDRA loan is basically an unsecured credit facility. You do not need to collateralise your properties as security to get the credit from the UCO Bank. 

Is a guarantor required for the UCO Bank PM MUDRA Loan Scheme?

You do not need to apply for this MUDRA loan with any guarantor. To avoid the chances of rejection on your loan application, you need to ensure that you are eligible and you have a well-grounded business plan.

What are the different business categories that can apply for the UCO Bank MUDRA Loan?

You can apply for this loan if you have a small venture in business categories like the food production sector, textile industry, small manufacturing unit, truck owners, agriculture-allied activities, repairing shops, artisans, service sector farms, etc.

Can a housewife get UCO Bank MUDRA Loan?

Female entrepreneurs aspiring to enhance their small non-corporate enterprises can avail credit for up to Rs. 10 Lakhs through this MUDRA loan. 

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