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image   UNION PERSONAL

FEATURES

PURPOSE
There are many among us who might be facing difficulty in purchasing goods by paying a lumpsum amount. But we would be comfortable paying small installments on a monthly basis. The Union Personal loan plays an important role here. It helps you avail loans to meet personal expenses such as purchase of consumer durable, etc.
ELIGIBILITY
To avail "Union Personal - for salaried individuals" you need to meet the following criteria:
  • Should be from the salaried class, having regular source of income and having salary account with our bank.
  • The applicant has reasonable residual service to ensure that the entire loan is repaid one year prior to retirement
QUANTUM OF LOAN
New/first time borrowers
Rs 5.00 lakh
Existing borrowers with a satisfactory repayment record of 2 years
Rs 10.00 lakh
MARGIN, I.E. YOUR SHARE
  • Nil
MORATORIUM PERIOD
  • Nil
REPAYMENT
  • Maximum repayment tenure is to be the earlier of the following:          
    1. 5 years 
    2. One year prior to retirement 
RATE OF INTEREST AND PROCESSING CHARGES
  • Please click here to know our latest rate of interest
  • Processing charges are 0.50% of the loan amount, subject to a minimum of Rs. 500 plus service tax
SECURITY
  • No security other than the guarantees and undertaking from employee.
GUARANTEE
  • 2 Guarantees are required.*
*Conditions apply. For further details, please visit our nearest branch.

FORMS & DOCUMENTS

FAQS


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