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What is UCO Bank GECL Loan Process Overview about?

This document provides a simplified process note for sanctioning a Working Capital Term Loan (WCTL) facility under the Guaranteed Emergency Credit Line (GECL) scheme to help businesses tide over the impact of COVID-19. It outlines the basic borrower details required, eligibility criteria checking outstanding balances and repayment status, assessment of the loan limit eligibility which is 20% of existing fund based limits, security terms, recommendation for loan amount and terms including interest rate, teno

Author

Nitish Kumar

Language

EN