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Retail Loans
Union Cash
FeaturesForms & DocumentsFAQs
PURPOSE
 
Union Cash is one of the special schemes designed for our customers. You can avail this loan to meet your medium term financial requirements.
 
ELIGIBILITY
To avail the loan the person has to be a retired employee who draws pension through our bank or Family pensioner who draws family pension through our bank.
 
.
 
QUANTUM OF LOAN
 
Pensioner's age upto 70 years  Pensioner's age above 70 years  Family Pensioner
 Rs. 3.00 Lakh Rs. 2.00 Lakh Rs. 1.00 Lakh
 
MARGIN, I.E. YOUR SHARE
  • nil
 
NATURE OF FACILITY
 
  • Term loan.

 

 
REPAYMENT
  • Borrower's age upto 70 years  Borrower's age above 70 years
     5 years 3 years
 
RATE OF INTEREST AND PROCESSING CHARGES
  • Please click here to know our latest rate of interest
  • One time upfront fee of 0.10% of the loan amount, subject to minimum of Rs. 100.
 
PREPAYMENT PENALTY
  • There is NO prepayment penalty if the loan is adjusted by the borrower from his own verifiable legitimate sources
  • A penalty of 2% on the average balance of the preceding 12 months, if the loan is taken over by any other Bank /FI.
 
SECURITY
  • No Secuirty required
 
GUARANTEE
  • Personal guarantee of spouse or the person nominated under pension scheme is required.
 
INSURANCE
  • No insurance is required.
 
**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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