UMUCB Computer Loan Scheme
Max Loan Amount
₹ 1,00,000
Interest Rate
12% (Floating)
Repayment Period
36 Months
Processing Charge
₹ 250 per Proposal
Special Eligibility Condition
Borrower must be a Lady (Woman)
This scheme is exclusively available to women applicants across all eligible categories.
Purpose
Personal Computer & Laptop
Purchase of PC / Laptop along with accessories
Refrigerator
Purchase of refrigerators and cooling appliances
Furniture
Purchase of home and office furniture
Television
Purchase of TV and home entertainment systems
Washing Machine
Purchase of washing machines and laundry appliances
Other Consumer Items
Other eligible consumer durable items
Quantum of Loan
Finance Percentage
70%
Maximum Loan
₹1 L
Security
Hypothecation
Hypothecation of the Personal Computer / Laptop, accessories, and / or consumer items financed under this scheme.
Third-Party Guarantee
Third-party guarantee from a person with net worth not less than the quantum of the loan amount.
Other Terms & Conditions
- Computer / Laptop, accessories, and consumer items will be comprehensively insured with Bank clause through the Bank's Corporate Agency.
- Borrower should have a known source of income to repay the instalments.
- In case of salaried persons, the take-home pay should not be less than 40% after considering the present loan instalment.
- Income of the applicant / borrower should be ascertained from last 2–3 years' IT Returns.
- Loan is at the sole discretion of The Udaipur Mahila Urban Cooperative Bank Ltd.
- All disputes arising out of this scheme shall be decided by the Courts under Udaipur jurisdiction.
Who Can Apply
Students
Professionals
Businessmen
Shop-keepers
Permanent Salaried Persons
Mandatory Condition
Borrower must be a Lady (Woman) in all categories.
Finance
70% of item cost
Maximum Loan
₹ 1,00,000
Interest Rate
12% Floating (Board rate)
Repayment
36 months (3 years)
Processing Charge
₹ 250 per proposal
Insurance
Comprehensive (Bank clause)
Take-home pay (salaried)
Min 40% post EMI deduction
Income verification
Last 2–3 years IT Returns
Insurance:
All financed items must be comprehensively insured with a Bank clause through UMUCB's Corporate Agency.
All disputes arising out of this scheme shall be decided by the Courts under Udaipur jurisdiction.