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Image   UNION CASH

Features

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 here to know our latest interest rates
  • 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.

Forms & Documents

FAQs


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