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विशेषताएं

PURPOSE
There are many among us who might be facing difficulty in purchasing goods by paying a lump sum amount. But we would be comfortable paying small instalments on a monthly basis. The Union Personal loan plays an important role here. It helps you to avail loan to meet personal expenses such as purchase of consumer durable etc.
ELIGIBILITY
Tie-Up Non Tie- Up
  • Permanent/ confirmed employees of reputed private institutes/organization in India.
  • These organizations/institutes should be operating within the jurisdiction of respective ZLCC.
  • Applicant may or may not maintain salary account with us.
  • Permanent/ confirmed employees of reputed private institutes/organization in India.
  • The applicant should be customer of the bank for at least 6 months prior to considering the loan proposal.
  • Applicant should necessarily maintain salary account with us.

 


Note:

  • Minimum age of the applicant should be 18 years.
  • The applicant has reasonable residual service to ensure that the entire loan is repaid one year prior to retirement.
  • Government employee and Staff members of our bank are not eligible under the schemes.
QUANTUM
Tie-Up Non Tie
  • Maximum of Rs. 10 lakh
  • Maximum of Rs. 5 Lakh(New/First time borrowers)
  • Maximum Rs. 10 Lakh(Existing borrowers with a satisfactory repayment record of 2 years).
MARGIN
  • Nil.
RATE OF INTEREST

Please click here to know our latest interest rate.

PROCESSING CHARGES
  • 0.50% of the loan amount, subject to a minimum of ` 500, plus GST.
REPAYMENT TENURE
  • The maximum repayment period will be earlier of the following two –
    • 5 years (60 months)
    • One year prior to retirement
SECURITY
  • No security other than the guarantees.
GUARANTEE
  • Guarantee of co-employee; one employee should not be guarantor for more than two co-employees.
  • Guarantee of spouse. However, if the applicant is unmarried/ widow/ widower, then guarantee of one additional co-employee to be obtained. In case the applicant is unable to get guarantee of additional co-employee, then guarantee of 3rd party having equivalent means and having CIBIL score of 700 & above (equivalent score with other credit bureau) to be obtained.

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