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UNION PERSONAL - SALARIED   UNION PERSONAL - SALARIED

FEATURES

PURPOSE
  • To meet personal expenses such as marriage, purchase of consumer durables, travel, holiday, etc.
ELIGIBILITY
  • Loan under the scheme is divided into two categories. Eligibility norms for both the category are as under:

Scheme A (tie-up) Scheme B (Non tie-up)
  • Permanent/confirmed employees of reputed Pvt. institutes/organizations in India**
  • Applicant may or may not maintain salary account with us.
  • Minimum monthly gross salary of Rs.15000 p.m. (Rs.20,000/- for Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad & Pune).
  • Permanent/confirmed employees of reputed private institutes/ organizations in India**
  • The applicant should be customer of the bank for at least 6 months prior to applying for loan.
  • Applicant should necessarily maintain 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
    • 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
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.
**Conditions apply.
**Contact our nearest branch for further details**

FORMS & DOCUMENTS

ONLINE LOAN APPLICATION


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