Union Bank of India Personal Loan Apply, Interest Rate 2024

Union Bank of India Personal Loan Apply, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details we read in this article please keep till last.

In this article we will get information about How to get Union Bank of India Personal Loan 2024. There is a question in the mind of many people whether to take loan from Union Bank, but we will take this information from this article on how to take it. As you know that Personal Loan is an Unsecured Loan. This loan is provided by the bank to the customers at their own risk.

If you want to get Union Bank Personal Loan then you have to apply for it. In this article, we will know what is Union Bank Personal Loan, what is the interest rate of this loan, eligibility for loan, documents and how we can apply for this personal loan etc. It is requested that you read this article till the end.

Union Bank of India Personal Loan

You can take a personal loan for any of your personal expenses like marriage expenses, medical emergency, higher education, children’s fees etc. Any Salaried Person and Self Employed person can apply for Union Bank Personal Loan. Union Bank of India offers a variety of Instant Personal Loan plans. You can apply for the personal loan scheme you want to take advantage of.

To apply for Union Bank Personal Loan, the CIBIL score of the applicant should be very good. If you have a strong credit history, then you are an existing customer of the bank, then you can get a personal loan up to a higher loan amount at attractive interest rates. Union Bank of India personal loan interest rate starts from 10.20% p.a. The processing charge on this personal loan is 0.5% of the loan amount (minimum Rs.500).

Union Bank Personal loan Overview

• Loan Name: Union Bank Personal Loan
• Lending Bank Name: Union Bank Of India
• Interest Rate: Starting from 10.20% p.a.
• Loan Tenure: 12 to 60 months
• Loan Amount: Maximum up to Rs 15 lakh
• Processing Charge: 0.5% of the loan amount, minimum Rs.500
• Application Mode: Online / Offline
• Official Website: https://www.unionbankofindia.co.in/

Interest Rate of Union Bank Personal Loan 2024

Union Bank Personal Loan interest rate starts from 10.20% p.a. Just as we need to know about Home Loan Interest Rate 2024 before taking a home loan , in the same way, before taking a personal loan, we need to know about Personal Loan Interest Rate . If you apply for that loan without knowing the correct interest rate of the loan, then you may have to face difficulties at the time of repayment of the loan.

Types of Union Bank Personal Loan

Union Bank offers various types of personal loan schemes to the customers. The types of Union Bank personal loan are as follows:

• Union personal loan scheme for COVID Treatment-UPLCT
• Personal Loan – Salaried (Union Personal – Salaried)
• Union Personal Loan – Non Salaried
• Personal Loan Under Special Retail Lending Scheme for Government Employees
• Union Ashiyana Overdraft Scheme
• Union Ashiyana Personal Loan Scheme
• Union Professional Personal Loan Scheme

Personal Loan – Salaried (Union Personal – Salaried):

• Any salaried person can take this personal loan for marriage, purchase of goods, travel, vacation etc.
• The loans under this loan scheme are divided into two categories which are as follows:
  • Scheme A (tie-up)
  • Scheme B (Non tie-up)
• Under Scheme A (tie-up), you can take a maximum loan amount of up to Rs 15 lakh.
• Under Scheme B (tie-up), new customers can take a loan of up to Rs 5 lakh and existing customers can take a loan amount up to Rs 15 lakh.
• Margin – Nil
• The minimum age of the applicant should be 18 years while applying.
• The maximum loan tenure is 5 years.
• If the applicant adds his life partner as a co-applicant, then he does not have to give any security.
• If the applicant is unmarried/widow/divorced, then he/she will have to give a personal guarantee.

The eligibility for both these loans is as follows:

Scheme A (tie-up)	Scheme B (Non tie-up)
Permanent/confirmed employees of reputed private limited come under this category.	Permanent/confirmed employees of reputed private institutions/organizations in India.
The applicant may or may not maintain a salary account with the bank.	To apply for this loan, the applicant must be a customer of the bank for at least 6 months.
The minimum monthly income of the applicant should be Rs 15000. (Rs.20,000/- for Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad and Pune)	The applicant should compulsorily create a salary account with the bank.
	The minimum monthly income of the applicant should be Rs 15000. (Rs.20,000/- for Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad and Pune)

Union Personal Loan – Non Salaried:

• All non-salaried individuals can take this personal loan for marriage, purchase of goods, travel, vacation etc.
• Non-salaried person having regular source of income is eligible.
• The minimum age of the applicant should be 25 years and maximum 75 years while applying.
• Before applying, the applicant must be a customer of the bank for at least 24 months.
• The applicant should have a current or savings account with the bank.
• If you are a new customer and you are taking a loan for the first time, then you can take the maximum loan amount up to Rs 5 lakh.
• Existing customers can take a personal loan up to a maximum of Rs 15 lakh.
• You can take this loan for the loan tenure of up to 5 years.
• You do not have to provide any security when you add your spouse as a co-applicant.

Special Retail Loan Scheme for Government Employees:

• You can take this loan to meet any of your personal expenses.
• As the name suggests, this is a loan scheme for government employees.
• The employee may or may not have a salary account.
• Minimum age should be 18 years while applying.
• The loan will be sanctioned in the form of Term Loan (TL) or Overdraft (OD).
• You can get the maximum loan amount up to Rs 15 lakh.
• You do not have to provide any security when you add your spouse as a co-applicant.

Union Ashiana Personal Loan Scheme:

• Applicant can take this loan for personal needs.
• The applicant should be an existing or new home loan borrower.
• Applicant’s minimum age should be 18 years and maximum 65 years.
• Maximum loan amount – Rs 15 lakh.
• No Security Required |

Union Professional Personal Loan Scheme:

• The applicant can take this loan to meet his personal needs.
• Both salaried and non-salaried individuals can apply for this loan scheme.
• Salaried and non-salaried persons can take loan amount of Rs 12 lakh or more if they are doing the following business:
  • Chartered accountant
  • company secretary
  • Coast Accountants
  • Doctor
  • Engineers
• Minimum age is 18 years for salaried and 25 years for non-salaried person.
• The maximum age of the applicant should be 65 years.
• Maximum loan amount can be taken up to Rs 20 lakh.
• Your CIBIL score should be 700 or above.

Benefits and Features of Union Bank Personal Loan

• Any person Salaried Person (Salaried Person) and Self Employed (Self Employed) can apply for this loan.
• The applicant can get the maximum loan amount up to Rs 15 lakh.
• Union bank of India personal loan interest rate starts from 8.90% per annum.
• The loan tenure of this loan is up to a maximum of 5 years.
• The amount disbursed under the loan depends on many factors of the applicant such as the applicant’s credit history, repayment ability, age, place of residence etc.
• It takes 3 working days for your loan to be approved after all the documents and all the proceedings are completed.
• You can apply for this loan by visiting your nearest Union Bank of India branch or visiting the bank’s official website.
• You have to pay 0.5% of the loan amount (minimum Rs.500) as processing charge.
• Minimum age to apply is 18 years.
• For other information regarding this loan, you can contact Union Bank Personal Loan Customer Care Number.

Union Bank Personal Loan Eligibility

You can apply for Union Bank Personal Loan only if you fulfill all the conditions of this personal loan. Union Bank offers a variety of personal loan schemes. There is not much difference in eligibility in each loan scheme. Above we have provided information about all loan scheme and have provided information about their eligibility. You can apply for the loan for which you are applying after seeing the eligibility of that loan.

union bank personal loan documents

Before applying for the loan, you should get all your documents together so that whenever the bank asks for documents from you, you can show them all the documents immediately. To apply for Union Bank Personal Loan, you must have the following documents:

• Duly filled application form and credit information.
• KYC documents (if any) of the applicant and co-applicant/guarantor:
  • Identity Proof (PAN Card / Voter ID / Passport / Aadhaar etc.)
  • Address Proof (Driving License/Passport/Aadhaar etc.)
  • Proof of Office/Business Address
  • Latest passport size two photographs
• For Salaried – Income proof i.e. ITR/Form 16 for last 2 years, latest 3 months salary slip.
• Bank statement of last 12 months.

Union Bank Personal Loan Apply

If you fulfill all the conditions of Union Bank of India personal loan, then you can apply for it both online and offline. You can understand the process of applying from here:

Union Bank of India personal loan apply online

• To apply online, you have to first visit the official website of Union Bank, unionbankofindia.co.in .

• On the home page of the website, the option of Products > Loans > Retail will appear, click on it.
• On the next page, you will see all the personal loan schemes in the personal loan section.
• Click on the loan scheme you want to apply for.
• All the information related to personal loan will come in front of you. You have to read this information properly.
• On this page you will see the option of Apply Now, click on it.
• A form will open in front of you.
• You have to enter all the information asked in the form correctly and submit it.
• After that the representative of the bank will contact you and the loan process will be issued further.

How to apply offline?

• To apply offline, you have to first go to your nearest Union Bank branch.
• You will have to contact the bank representative by going to the bank branch.
• The bank employee will provide you all the information related to personal loan.
• After that your documents will be verified.
• Then you will be given Union Bank of India Personal Loan Application Form PDF.
• You have to fill the form correctly and attach your documents and submit it there.
• In this way you can apply offline.

Union Bank Personal Loan EMI Calculator

Before taking a loan from any bank, you should calculate the EMI (Equated Monthly Installment) of that loan. If you apply for that loan without calculating the EMI of the loan, then you may face difficulties at the time of repayment of the loan. You can calculate the loan EMI with the help of Personal Loan EMI Calculator by visiting the official website of Union Bank. Loan EMI depends on three main factors – loan amount, interest rate and loan tenure.

Union Bank of India Personal Loan Customer Care Number

If you have any other type of information regarding Union Bank of India Personal Loan, then you can get information by calling on the Union Bank of India customer care number given below:

• All India Toll Free number:1800222244/1802082244
• Charged Numbers:08061817110
• Dedicated number for NRI:+918061817110

My Last World:

In this article, we have got complete information about Union Bank of India Personal Loan . If you want to get more information, then you can get information by calling Union Bank Personal Loan Customer Care Number. Any person can take a loan of up to Rs 15 lakh from Union Bank at attractive interest rates to meet his personal expenses. Hope you friends have found this article informative. If you liked this article then please share it with your friends.

FAQs on Union Bank of India Personal Loan