Union Bank personal loan Intrest Rates | Eligibility | Documents

Now Check Union Bank of India personal loan offers, Documents List, Eligibility, Interest Rates and Fees charges. Calculate EMI for loan at deal4loans. Union Bank offers availed for any purpose, be it a wedding expenditure, meet financial requirements, a holiday or purchasing consumer durables, personal loan is very handy & caters to all your needs.

There are many among us who might be facing difficulty in purchasing goods by paying a lumpsum amount. But we would be comfortable paying small installments on a monthly basis. The Union Personal loan plays an important role here. It helps you avail loans to meet personal expenses such as purchase of consumer durable, etc.









Compare Personal Loan Rates – Eligibility – Process of Top 10 Banks.

Professional Details
Loan Amount:

Occupation:

Annual Income:

City:

To avail “Union Personal” you need to meet the following criteria:

  • Should be from the salaried class, having regular source of income and having salary account with our bank.
  • The applicant has reasonable residual service to ensure that the entire loan is repaid one year prior to retirement.

Processing Fees and Interest Rates on Personal Loan of Union Bank of India as Follows:

Rate of Interest

15.00%

Processing Charges

  • Processing charges are 0.50% of the loan amount, subject to a minimum of Rs. 500, plus service tax.

You Can Calculate Personal Loan EMI with this Calculator by Just Enter your Loan Amount, Interest Rates and Loan Period/Tenure:


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Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Total Interest Amount
Yearly Interest Amount

QUANTUM OF LOAN

  • Up to Rs. 5 Lakh
    MARGIN, I.E. YOUR SHARE – Nil

MORATORIUM PERIOD – Nil

What are the stages involved in taking a loan?
There are three main stages –

  1. Application – Whereby you submit a completely filled in application with all necessary documents.
  2. Sanction – Whereby you get an approval for a specific loan amount based on the value of your property and repayment capabilities.
  3. Disbursement – Whereby the loan amount is disbursed.

How much time will it take for my loan to be approved?
It takes 3 days for your loan to be sanctioned, after you have submitted all the required documents.

How is the interest charged/calculated?
Interest will be applied in the account on the basis of reducing balance method at monthly rests.

What is the maximum loan amount for Union Personal?
The maximum amount of loan is Rs. 5 Lakhs. However it would be depends on the repayment capacity.

What are the loan tenure options?
The repayment period is maximum of 5 years.

Other Available Products of Union Bank of India are –

Source: Union Bank of India Website

 

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Disclaimer: This information is sourced from Bank's Website to help customers to gain information on Banks product.
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