Page 33 - BANKING FINANCE November 2015 ONLINE

PRESS RELEASE

9 NATURE OF FACILITY Term Loan
10 PROCESSING FEE & OTHER CHARGES
Processing fee - 1% (subject to a minimum of Rs. 2000/-)
11 RATE OF INTEREST
12 PENAL INTEREST Documentation Charges – As Applicable for Non-Priority Sector
13 REPAYMENT Loans.

14 PREPAYMENT CHARGE CIBIL – Report Pulling Charges – As Applicable.
15 SECURITY / GUARANTEE
CERSAI Charges – Extension of Charge with CERSAI will be
applicable as per the guidelines of the Bank

Base Rate + 2% presently 12.20%

In case of delay in payment of EMI by one month or more, penal
interest @ 2% per annum will be charged on the amount of
default for the overdue period i.e. with effect from the due date.

Maximum in 24 EMI (Equated monthly installments) after one
month of disbursement.

However, loan to repay before the borrower attains the age of
70 years.

NIL

Extension of Charge/Mortgage on the property already
mortgaged to the Bank. The minimum coverage of collateral
security for all loans shall be 1.25 times as per loan policy.

ECS/PDC mandate is required to be obtained from the borrower
covering entire period of repayment.

In case of salaried borrower, Personal Guarantee of Spouse/PF
Gratuity nominee. OR

In case of non-salaried borrower, Personal Guarantee of Spouse/
3rd party guarantee in case of spouse is not alive/applicant is
unmarried, having income to that of the borrower.

United Bank of India Observes Vigilance Awareness Week

Pursuant to the programme launched by Central Vigilance public to join the fight against corruption, United Bank of
Commission, the Vigilance Awareness Week for this year India has taken following initiatives during the vigilance
was observed by United Bank of India from 26th October'15 awareness week:
to 31st October'15. As part of this programme, Shri P. a) Display banners, posters at prime location at branches/
Srinivas, MD & CEO has administered the pledge to all
General Managers, senior executives and other employees offices.
at Head Office, Kolkata on 27.10.2015. b) Display messages through intranet/ CBS platform to

This year the theme of Vigilance Awareness Week was sensitize the staff members.
"Preventive Vigilance as a tool of Good Governance". In c) Send SMS alerts/ messages to customers urging them
order to reach out to common public and convey the
message that corruption does not pay and also to highlight to join the national campaign against corruption.
the importance of creating awareness amongst the general d) Organise debates/ lectures/ essay writing competition

on moral values, ethics, good governance practices etc
in selected schools/ colleges at different places.

UCO Bank reduces Base Rate

UCO Bank, a leading Public Sector Bank reduces its Base Rate by 25 basis point to 9.70% with effect from 05th October,
2015.

BANKING FINANCE | NOVEMBER | 2015 | 33

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