Union Bank Personal Loan
Union Bank Personal Loan: Union Bank is a very big bank in the country in which people deposit their money and keep it safe. Union Bank provides many facilities to its customers, from depositing money to investing money and facilities like home loan and personal loan are provided, in which you can easily take a loan by paying a certain percentage of interest rate.
Union Bank Personal Loan of up to Rs 15 lakh can be easily taken from Union Bank of India, while professional women can easily be given a loan of up to Rs 50 lakh, while if we talk about the interest rate in this, then loans are provided at an interest rate of 11.35% to 11.40% and in this, a maximum of five years are given to the salaried or self-employed to repay the loan.
In Union Bank Personal Loan professional women are given up to 7 years to repay the loan. If you also want to take a loan from Union Bank, then in this article we will tell you how much interest rate you will have to pay on taking a personal loan from Union Bank and how you can take this loan.
Eligibility for Union Bank Personal Loan
Certain eligibility criteria have been set by the bank to avail loan from Union Bank. Only those applicants who fulfil these eligibility criteria are given personal loan. Let us know about it.
- Under this, salaried employees, self-employed and professional women can avail loan.
- To avail personal loan, the monthly income of the applicant should be between Rs 15,000 to Rs 25,000 only then they will be given loan under this scheme.
- An age limit has been set for the applicant to avail loan in which applicants of minimum 18 years can avail loan facility while the maximum time limit is 65 years.
- In this, salaried and self-employed people are given loan up to Rs 15 lakhs whereas professional women are given loan up to Rs 50 lakhs.
Union Bank Personal Loan interest rate
In this, the CIBIL score is also very important for personal loan and your interest rate also depends on your CIBIL score, if your CIBIL score is less than 700, then you will have to pay an interest rate of 13.45%, whereas if your CIBIL score is more than 700, then you may have to pay an interest rate of up to 15.35%.
while professional women have to pay an interest rate of up to 11.40%, in this, a loan of Rs 50 lakh is made available to them, in which apart from the interest rate, customers also have to pay a processing fee of up to one percent, the processing fee may be different in different cases.
How to apply for Union Bank Personal Loan
For personal loan from Union Bank, you can go to your nearest Union Bank branch and apply for personal loan by taking its application form where personal loan is made available to you on the basis of your civil score.
On the other hand, if you want to apply for personal loan online, then first you go to its official website and click on the option of personal loan, after which its application form will open in front of you in which you fill all your personal information and all professional information and submit it,
After this your application form will be checked by the bank and you will get a call from the bank, now you will be informed about the further process by call, after which if you are found eligible for this loan, then you will be given a personal loan by Union Bank and this amount will be debited to your account.
