Instant Personal Loan 2021//Union bank of India personal #Loan//Aadhar card Loan in India
Union Bank of India offers various financial products to its customers including personal loan. You can apply for a personal loan from the lender. You can also avail the customer care service offered by the bank to get your queries related to personal loan resolved.
With 24X7 services, the customer support team at Union Bank of India aims to answer queries and resolve issues of its customers as efficiently and promptly as possible.
Whether you want information related to a product, are placing a service request, or wish to lodge a complaint, the courteous and knowledgeable customer support representatives of the bank can help you navigate the process with ease. This page mentions the various channels through which customers can contact Union Bank of India.
If a customer wishes to speak to an executive instead of the IVR then he or she has the option to do so at any point of the call. Below mentioned are the services offered by the Union Bank of India Customer Care:
- Banking services
- Debit card services
- Internet banking services
- Mobile and SMS banking services
- Tabulous Banking lead generation
- Surveys and feedbacks on various banking products and services
- Promotional campaigns
PURPOSE
To meet personal expenses such as marriage, purchase of consumer durables, travel, holiday, etc.
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PERSONAL LOAN SALARIED ELIGIBILITY
The loan under the scheme is divided into two categories. Eligibility norms for both the category are as under:
Scheme A (tie-up)
Permanent/confirmed employees of reputed Pvt. institutes/organizations in India**
The applicant may or may not maintain a salary account with us.
Minimum monthly gross salary of Rs.15000 p.m. (Rs.20,000/- for Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad & Pune).
Scheme B (Non-tie-up)
Permanent/confirmed employees of reputed private institutes/ organizations in India**
The applicant should be a customer of the bank for at least 6 months prior to applying for a loan.
Applicants should necessarily maintain a salary account with us.
Minimum monthly gross salary of Rs.15000 p.m. (Rs.20,000/- for Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad & Pune).
QUANTUM
Minimum Amount – No limit
Maximum quantum Scheme A (tie-up): Rs.15.00 Lakh.
Maximum quantum Scheme B (tie-up): New/first-time borrower – Rs.5.00 lakh
An existing borrower with a satisfactory repayment record of 2 years – Rs.15.00 lakh
NATURE OF FACILITY
Term Loan
AGE
- Minimum – 18 years.
- Maximum – One year prior to retirement age.
- MARGIN – Nil
PERSONAL LOAN SALARIED RATE OF INTEREST
REPAYMENT TENURE
The maximum repayment period will be Five years (60 months) subject to the condition that repayment should be co-terminus with retirement.
MORATORIUM
No moratorium period is allowed. The repayment shall commence from succeeding month of first disbursement of loan.
SECURITY
No security, subject to the condition that Spouse of the applicant must join as co-applicant.
GUARANTEE
In case borrower is single/widow/divorcee, then personal guarantee of one of the co-employee with sufficient means.
PERSONAL LOAN SALARIED EMI CALCULATOR
Union Bank of India Personal Loans
Depending of the type of need of the applicant, Union Bank of India offers an array of personal loans in order to help customers meet their personal credit needs.
Union Personal for Salaried Individuals
Union Personal for Existing Housing Loan Borrowers
Union Personal Under Tie-ups with State/Central Government & Reputed Organisations
Union Personal for Employees of Government Organisations, Public Sector Undertakings (PSU), or State/Central Government Undertakings
Union Personal for Non-salaried Persons
KVS/NVS & Ministries Personal Scheme
Union Personal- For Non-salaried
Purpose: To meet all the personal financial needs of the non-salaried individuals
Loan Amount: Existing borrower- Up to Rs 15 lakh First time borrower- Up to 5 lakh
Tenure: Up to 5 years (co-terminus with retirement)
Union Personal- Special Retail Lending Scheme for Government Employees
Purpose: To meet the personal expenses of government employees and to takeover the personal loans availed from other financial institutions or banks.
Loan Amount: Up to Rs 15 lakh
Tenure: Up to 5 years (co-terminus with retirement)
Union Professional Personal Loan Scheme
Purpose: To meet the personal financial needs of professionals like CA, CS, doctors, cost accountants and engineers having annual income of Rs 12 lakh and above.
Loan Amount: Up to Rs 20 lakh
Tenure: Up to 5 years (up to retirement age of salaried individuals and 65 years of age for non-salaried individuals)
Union Cash (For Pensioners)
Purpose: Personal expenses of pensioners/family pensioners including medical, travel or any emergency
Loan Amount: Pensioner- Rs 10 lakh (up to 70 years) Rs 5 lakh (Above 70 years) Family Pensioner- Rs 3 lakh (any age group)
Tenure (age at the time of application): Up to 70 years- up to 5 years Above 70 years- up to 3 years
Eligibility for Union Bank of India Personal Loan
Documents Required for Union Bank of India Personal Loan
The following documents are needed to apply for a personal loan with Union Bank:
- Complete application form and credit information
- KYC documents (applicant and co-applicant both)
- ID Proof (Passport/PAN/Aadhaar/Voter ID)
- Address Proof (Passport/Aadhaar/Driving License)
- Two latest passport size photographs
- Business/Office address proof
- Bank statement for past 12 months
For salaried individuals – last 3 months salary slips, last 2 years ITR/Form 16
Please click here for EMI Calculator
Apply from the official website “Click Here – 1“
Apply from the official website “Click Here – 2“
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