Home  »  Banking  »  Loans  »  Personal Loan  »  Union Bank Personal Loan

Union Bank Personal Loan

Loan Name Interest Rate Processing Fee Loan Amount Tenure
Union Bank of India Personal Loan 12.70%, Fixed 0.5% of loan amount (minimum of Rs 500 + GST rates) 10,00,000 maximum 60 months
Details
Documents Required

  • Proof of Identity: PAN Card, Passport, Employee Identity Card, Any other valid proof (any one of the following)
  • Proof of Address: Aadhaar Card, Utility Bills like electricity bill, water bill, telephone bill, any other valid proof (any one of the following)
  • Bank statement for the last 12 months
  • Duly filled in application form along with 3 passport sized photographs (recent one)
  • Proforma/ Invoice
  • Any other documents which may be required and differs from case to case


For Salaried Individuals

  • Proof of Income: Last one-year Income Tax Return, recent salary slips for the last 6 months, Form 16, letter from employer

For Business Class

  • Proof of Income: Profit and Loss account, Balance Sheet, last three years Income Tax Return
  • Proof of out-goes: LIC Policies, Loan repayment statement, valid proof of any other out-go
Benefits

  • No security is required to avail the personal loan
  • Minimum processing charges will be levied
  • The tenure of the loan is spread over a long period of time
Eligibility

  • Minimum age of the applicant should be 18 years
  • The applicant should have a reasonable residual service for repayment of loan one year before the retirement

For Tie-up (A1)

  • Permanent or Confirmed employees of a reputed private organization/institution in India.
  • The organization/institutes should be operating within the jurisdiction of respective ZLCC
  • The applicant may or may not maintain a salary account with Union Bank

For Tie-up (A2)

  • Permanent or Confirmed employees of reputed private organization/institutes in India
  • The applicant should be a customer of the bank for a minimum period of 6 months prior to considering the loan proposal.
  • The applicant should compulsorily maintain a salary account with Union Bank at any of its branches.
Other Details

  • Processing Fees is 0.5% of loan amount (minimum of Rs 500 + GST rates)
  • The maximum repayment is spread over 60 months.
  • Apart from a guarantee, no security is required.

Find IFSC


More Headlines

Get Latest News alerts from Goodreturns

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more