UMUCB Holiday Loan Scheme
Loan Range
₹50,000 – ₹2,00,000
Age Limit
21 – 58 Years
Repayment
Max 24 EMIs
Processing Charge
₹ 500 per Proposal
Purpose
To meet travel expenses for pilgrimage / tours / excursions undertaken by self, spouse, children, parents, or family members of the applicant — within India or abroad.
Air / Train / Bus Fare
Travel tickets for domestic and international journeys
Sightseeing
Local transport and sightseeing expenses
Family Travel
Travel expenses for self / spouse / children / parents / family members
Accommodation
Hotel and stay expenses during the tour
Pilgrimage / Excursions
Religious tours and group excursions within India or abroad
Quantum of Advance
Minimum
₹50,000
Maximum
₹2,00,000
Margin
25%
Maximum Eligibility: Net take-home pay / income (net of EMI of all existing and proposed loans) must not be less than 50% of gross monthly salary / income of the applicant(s).
Security
Loan up to ₹1 Lakh
Liquid securities like FDR / LIC Policy / Govt. Securities / NSC / KVP — to the extent of 90% of surrender value of securities.
Third-party guarantee with net worth of guarantor(s) not less than the loan amount.
Loan exceeding ₹1 Lakh
Equitable / Registered mortgage of immovable property, and / or liquid securities like FDR / LIC Policy / Govt. Securities / NSC / KVP / Bonds to the extent of 90% of surrender value (for portion exceeding ₹1 Lakh).
Third-party guarantee with net worth of guarantor(s) not less than the loan amount.
Terms & Conditions
- Applicant should have a Travel Insurance policy.
- For International tours, passport & tourist visa must be produced for verification along with documents.
- Finance is available in Indian Rupees only.
- Post-dated cheques must be obtained for the entire EMIs.
- Copy of estimates given by Travel agency / tour operator should accompany the application form.
- 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.
- For further information, please contact the nearest Branch of the Bank.
Eligibility
Age Limit
21 – 58 Years
Salaried Employees
Professionals
Self-Employed
Businessmen
Bank Staff Members
Type of Advance
Demand Loan (Reducible)
Minimum Loan
₹ 50,000
Maximum Loan
₹ 2,00,000
Margin
25% of proposed expenditure
Repayment
Max 24 EMIs
Interest Rate
Floating (as per Board decision)
Processing Charge
₹ 500 per proposal
Take-home after EMI
Min 50% of gross income
PDC
Required for all EMIs
International Travel
Passport & tourist visa must be produced for verification. Finance available in Indian Rupees only.
Travel Insurance
Applicant must hold a valid Travel Insurance policy at the time of loan disbursement.
Tour Estimate
Copy of cost estimate from Travel agency / Tour operator must accompany the application form.