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All-India Toll Free number1800 22 22 441800 208 2244 All-India Toll Free number for PMJDY Scheme1800 22 22 43
Dedicated Number for NRI+918025302510  
 
 
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Retail Loans
Personal Loan for Existing Housing Loan Borrowers
Features
PURPOSE
 
For house related miscellaneous expenses such as housing warming, furniture, interiors, payment of insurance premium etc.
 
ELIGIBILITY

To avail "Union Personal for Housing Loan Borrowers" you need to meet the following criteria:
  • Salaried or non-salaried borrowers, who have availed housing loan from our Bank, which is in standard category.
QUANTUM OF LOAN
 
  • 5% of Housing loan amount, subject to a maximum Rs. 5 lakh
MARGIN, I.E. YOUR SHARE
 
  • Nil
MORATORIUM PERIOD
 
  • Nil
REPAYMENT
Maximum repayment tenure is to be the earlier of the following :
  • 5 years
  • Residual tenure of Housing Loan
RATE OF INTEREST AND PROCESSING CHARGES
  • Please click here to know our latest rate of interest
  • No Processing Charges.
PREPAYMENT PENALTY
  • There is NO prepayment penalty if the loan is adjusted by the borrower from his own verifiable legitimate sources
  • A takeover charges of 2% on the average outstanding for balance of the preceding 12 months, if the loan is closed on taken over by any other Bank /FI.
GUARANTEE
  • Guarantee of the spouse required.
  • In case borrower is unmarried/widow/widower, 3rd party guarantee of sufficient means required.
SECURITY
  • An undertaking from the borrower that he/she will adjust the personal loan account prior to adjusting the home loan account.
*Conditions apply. For further details, please visit our nearest branch.
 
I would like to convey my appreciation to you for the timely assistance provided to many of our students that helped them obtain an educational loan for studying at the ISB for PGP 2009-10.
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