Union Bank of India Personal Loan
Apply for Union Bank of India personal loan up to Rs. 20 Lakhs online at attractive interest rate starting from as low as 9.30% p.a. for the longest tenure up to 84 months. There is no minimum limit on the loan amount and the processing fee is low up to 0.50% of the loan amount plus GST.
Apply for Union Bank of India Personal Loans @10.85% Interest Rates
Union Bank Personal Loan Details
| Minimum loan amount | No minimum limit |
| Maximum loan amount | Up to Rs. 50 Lakhs |
| Rate of interest | 9.30% p.a |
| Tenure | Up to 84 months |
| Lowest EMI per lakh | Rs. 1,704 |
| Processing fee | Up to 0.50% + GST |
| Age | Minimum 21 years |
Features & Benefits of Union Bank Personal Loan
The main features and benefits of Union Bank Personal Loan are highlighted below:
- Minimum loan amount: There is no limit on the minimum loan amount.
- Maximum loan amount: The maximum loan amount that can be borrowed is up to Rs. 50.
- Tenure: The maximum repayment tenure is up to 60 months and can go up to 84 months in some cases.
- Interest rate: The Union Bank personal loan interest rate can vary depending on the scheme and ranges from 9.30% p.a. The current Personal Loan Interest Rates are lower than union bank loan interest rate 2020.
- Processing fee: The processing fee is very low and can be up to 0.50% of the sanctioned loan amount, subject to a minimum of Rs. 500 + applicable GST.
- Collateral: No collateral or security is required for unsecured personal loans.
- Guarantee: In case the borrower is single, widow or divorcee, the personal guarantee of one of the co-employees with sufficient means is required.
- EMI Calculator: The bank offers free-to-use Online Personal Loan EMI Calculator to calculate the loan EMI.
- Type of facility: The loan is available as Term Loan as well as Overdraft facility.
- Personal loan types: The bank offers the following types of personal loan schemes:
- Union Personal - Salaried
- Union Personal - Non-Salaried
- Union Personal Loan Scheme for Covid Treatment (UPLCT)
- Special Retail Lending Scheme for Government Employees
- Union Ashiyana Overdraft Scheme
- Union Ashiyana Personal Loan Scheme
- Union Professional Personal Loan Scheme
Aditya Birla Personal Loan Benefits
The benefits of availing Aditya Birla Personal Loan are:
- Flexible repayment options – ECS and NACH.
- Applicants can club the income of co-applicants to enhance eligibility.
- Customised personal loan solutions
- Hassle-free processing
- Transparent charges & processes
- Quick approvals and minimum processing & disbursement time.
- Easy online application process
- Doorstep services
- Simplified documentation through service RMs
- Simple EMIs or structured repayment options are available.
- Hassle-free personal loan balance transfer option
Aditya Birla Personal Loan Eligibility Criteria
The following are the personal loan eligibility criteria of Aditya Birla:
- The age of the applicant should be between 23 to 60 years.
- The applicant should be a salaried individual and draw the salary through a bank account.
- The individuals should be employed in reputed companies.
- Work experience of a minimum of 2 years is required to ensure income stability.
- The applicant should not have defaulted on any loan repayments in the past and should have a good CIBIL score, preferably above 700.
Documents Required for Aditya Birla Personal Loan
The following documents are required for Aditya Birla Personal Loan:
- Address Proof: Aadhar Card, Voter's ID, Driving Licence, Utility bills, etc.
- Photo ID Proof: PAN Card, Aadhar Card, Passport, Voter's ID card, Driving Licence, etc.
- Income Proof: latest salary slips, ITR, etc.
- Bank Statement for the last 6 months of the account where the salary is being credited.
Aditya Birla Personal Loan Charges
Following are the personal loan processing fees and charges associated with the Aditya Birla Personal Loan:
| Name of the Charge | Amount |
|---|---|
| Processing fee | 2% of the loan amount |
| Part prepayment charges |
|
| Foreclosure charges |
|
| Charges for cheque return | Rs. 500 + GST per instance |
| Penal charges for default | 3% of the pending loan amount per month |
| Loan cancellation charges | 4% of disbursed loan amount + applicable taxes |
| Fees for CIBIL Report retrieval | Rs. 100 + GST per instance |
| Loan reschedule charges | Rs. 5,000 + GST per instance |
| Exchanging PDCs/ ECS charges | Rs. 750 + GST per instance |
| Preclosure quote | Rs. 1,000 + GST per instance |
| Stamp duty/ insurance premium/ any other charges | As per actual, if applicable |
How to Calculate Aditya Birla's Personal Loan EMI?
You can use our online personal loan EMI calculator to calculate your Aditya Birla Personal Loan EMI instantly. The tool is given under the Financial Tools tab on our website. All you have to do is enter some information like loan amount, interest rate, and tenure of repayment. Then hit the Enter button for an instant result.
Aditya Birla Personal Loan Customer Care
You can contact the following number for any queries regarding Aditya Birla's Loan:
1800-270-7000 or You can write to abc.secretarial@adityabirla.com
FAQs
If you want to get Union Bank loan apply through any of the following ways:
- Applying online on the bank’s website or on our portal
- Calling at the Union Bank of India personal loan customer care number, i.e. 1800 22 22 44 and 1800 208 2244.
- Visiting your nearby Union Bank of India branch.
Once you have submitted the personal loan application along with the required documents, the bank will inform you about its decision within a few working days, subject to completion and accuracy of the submitted documents.
You can make repayment of Union Bank personal loan via any of the following ways:
- Post-dated cheques
- Netbanking
- Automatic debit through standing instructions
- Credit/debit card
Yes. You can calculate your EMI before Personal Loan sanction using our online free-to-use Personal Loan EMI Calculator. You will have to enter the loan amount, tenure and Union Bank personal loan interest rate 2021 to complete the calculation.
Yes, the bank allows part-prepayment of personal loans.
No. You just need to pay your EMIs (consisting the principal and interest amount) for Union Bank online loan on time.
Yes, the bank offers a pre-approved personal loan facility to its select customers. The union bank of india personal loan interest rate can be different for a pre-approved offer.