Home You are here : path  Products path Personal path Gurupranaam-Special Loan Scheme

image  GURUPRANAM-Special Loan Scheme

Gurupranam

 

 

The broad features of the drive are outlined as under:

Outlay

“GURUPRANAM”

Launch Date

1st September 2022

End Date

31st October 2022

Scheme Coverage

Union Home, Union Miles ,Union Personal

Target Measure

Disbursements into new sanctions in the period from 01st September to 31st October 2022.

 

Key Features of the outlay:

1.Special Concession in applicable rate of interest as detailed hereunder:

  • Union Home & Union Awas:

Loan Amount

CIBIL Score

LTV

 

Salaried/Professional

Non-Salaried

Concession Involved

 

Male

Female

Male

Female

 

Upto 30 Lakh

800 and above

<=80

 

EBLR – 0.30% = 7.90%

Nil

>80&<=90

From 750 to 799

<=80

EBLR – 0.20% = 8.00%

Nil

>80&<=90

From 700 to 749

and

-1 & 1 to 5

<=80

Existing

EBLR+0.05%

EBLR

EBLR+0.10%

EBLR+0.05%

0.05 to 0.10%

Proposed

EBLR

EBLR

EBLR

EBLR

>80&<=90

Existing

EBLR+0.10%

EBLR+0.05%

EBLR+0.15%

EBLR+0.10%

0.05 to 0.10%

Proposed

EBLR

EBLR

EBLR+0.05%

EBLR

Above 30 Lakh

800 and above

<=80

 

EBLR – 0.30% = 7.90%

Nil

>80&<=90

From 750 to 799

<=80

 

EBLR – 0.20% = 8.00%

Nil

>80&<=90

From 700 to 749

and

 -1 & 1 to 5

<=80

Existing

EBLR+0.15%

EBLR+0.10%

EBLR+0.20%

EBLR+0.15%

0.10%

Proposed

EBLR+0.05%

EBLR

EBLR+0.10%

EBLR+0.05%

>80&<=90

Existing

EBLR+0.20%

EBLR+0.15%

EBLR + 0.25%

EBLR+0.20%

0.10%

Proposed

EBLR+0.10%

EBLR+0.05%

EBLR +0.15%

EBLR+0.10%

 

 

  • Union Personal & Union Miles:

 

 

Scheme

CIC Score

Applicable Rate

Proposed Rate

Concession involved

Union Personal

(Govt employee)

(With undertaking)

CIC 750 & above

EBLR+2.10%

EBLR+1.60%

0.50%

From 700 to 749

and -1 & 1 to 5

EBLR+2.20%

EBLR+1.70%

0.50%

Union Personal

(Govt employee)

(Without undertaking)

CIC 750 & above

EBLR+3.60%

EBLR+3.10%

0.50%

From 700 to 749

and -1 & 1 to 5

EBLR+3.70%

EBLR+3.20%

0.50%

Union Personal

(Other than govt employees)

700 & above

and -1 & 1 to 5

EBLR+5.10%

EBLR+4.10%

1.00%

Union Miles

New 4-wheeler

800 and above

EBLR+0.10%

EBLR

0.10%

750-799

EBLR+0.40%

EBLR+0.15%

0.25%

700-749

and -1 & 1 to 5

EBLR+0.50%

EBLR+0.30%

0.20%

*EBLR as on date is 8.20%.

*Rate of interest for applicants having CIBIL score less than 700 will remain unchanged.

  • Undertaking from the employer and salary account with our bank is not mandatory.
  • Campaign period will be from 01.09.2022 to 31.10.2022 (inclusive of both dates).