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image   Union Cash Digital- Personal Loan to Pensioners

What is Union Cash Digital - Personal Loan to Pensioners?

A customized end to end Digital Personal Loan for existing pensioner account holders of Union Bank of India. The loan will be sanctioned and disbursed digitally without any manual intervention and physical documentation. The customer can avail the offer within few clicks and the amount will be automatically credited to pension account.


  • Maximum loan up to Rs.5.00 Lakhs
  • Flexibility to choose the tenure & loan amount as per the convenience.
  • Zero Processing Fee
  • Lowest interest rate of up to EBLR+2.10%.
  • End-to-End digital process involving no physical application form submission or Branch visit
  • No need to submit or upload any KYC/Income document
  • No security or guarantee required
  • Instant Disbursal to pension account.
  • Loan can be availed anytime and from anywhere using laptop/mobile/tab.
  • No Pre-payment Penalty

Amount and Tenor:

Customer has the flexibility to choose the loan amount and tenure. Maximum loan offer amount will differ for each customer as per his/her eligibility.

Minimum Loan Amount: Rs. 25,000.00

Maximum Loan Amount: Rs. 5,00,000.00

Tenor – 12 months to 60 months

Sample calculation:

Loan Amount

Rs. 1,00,000.00

Interest Rate

10.80 % (EBLR+ 2.10%)

Loan Tenure

60 Months


Rs. 2165/-

Processing Fee


*Present EBLR as on 11-10-2022: 8.70%

N.B.- Values shown above are for representation purpose only. Actual value may differ.

How to apply

  1. Visit official website of Union Bank of India and click on “Apply Online” under the Hamburger menu or click here to Apply Online
  2. Check the eligibility by entering your pension account number.
  3. Choose the amount & tenor of your convenience.
  4. Accept Terms & conditions and enter the OTP.
  5. Amount will get disbursed in pension account.


Repayment can be done in Equated monthly Installment (EMI). Mandate gets created during completion of Union Cash Digital loan application, which will debit the EMI on pre-defined date based on date of pension credit from Pension account.

Helpline Number: 1800 22 2244