Union Bank of India Personal Loan

⋆ Interest Rate 9.99% ⋆

      I have read the Privacy Policy & Agree to Terms & Conditions

      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
      Same Day Disbursal
      Doorstep Service
      Unbiased Experts Advice

      Union Bank of India Personal Loan

      Union Bank of India Personal Loan Key Features Aug 16 2022

      Eligibility Criteria Details
      Age 18 – 60 (at loan maturity)
      CIBIL Score Minimum 700
      Union Bank of India Personal Loan Interest Rate 8.90% per annum
      Lowest EMI per lakh Rs 2071
      Tenure Up to 60 months
      Union Bank of India Personal Loan Processing Fee 0.50% of Loan Amount
      Prepayment Charges NIL
      Minimum Loan Amount No Limit
      Maximum Loan Amount ₹15 Lakh

      Union Bank of India Personal Loan Interest Rate and Charges

      Union Bank of India Personal Loan Interest Rate

      8.90% per annum

      Union Bank of India Personal Loan Processing Charges 0.50% of Loan Amount
      Prepayment Charges NIL
      Stamp Duty As per state laws
      Penal Interest As per bank terms

      Union Bank of India Personal Loan Status

      You can check the status of your UBI Personal Loan by the following methods –

      • Offline: You can contact them on 1800 22 2244 to check your personal loan status. You can also directly visit their nearest branch and meet the officer in charge.
      • Online: Log In to the UBI Online Portal, Click on loans from the top ribbon and click on Enquire to check the status of your loan.

      Union Bank of India (UBI) Personal Loan Eligibility Criteria

      Eligibility criteria for a personal loan:

      CIBIL Score Criteria 700 and Above
      Age Criteria 18-60 years
      Min Income Criteria Rs 15000/month
      Occupation Criteria Salaried/Self-employed

      Union Bank of India Fees and Other Charges

      Category Details
      UBI Personal Loan Interest Rate 10.50% per annum
      UBI Personal Loan Processing Fee 0.50% of the loan amount
      Min ₹ 1000 and Max ₹ 25000
      Prepayment  No prepayment is allowed until 12 EMIs are paid
      Pre-closure No foreclosure is allowed until 12 EMIs are paid
      Prepayment Charges 13-24 months: 4% of loan principal outstanding
      25-36 months: 3% of loan principal outstanding
      >36 months: 2% of loan principal outstanding
      Stamp Duty As per state laws
      Cheque Bounce Charges ₹ 550/cheque +  GST
      Floating Rate of Interest Not Applicable
      Overdue EMI Interest 2% p.m.(on overdue amount)
      Amortization Schedule Charges ₹ 200 + GST

      Union Bank of India Personal Loan Documents Required

      Proof of Identity Copy of:
      > Passport
      > Driving License
      > Aadhar Card
      > Voter ID Card
      Proof of Address Rent Agreement (Min. 1 year of stay)
      Utility Bills
      Passport (Proof of permanent residence)
      Ration card
      Proof of Income > ITR: Last two Assessment years
      > Salary Slip: Last 6 months
      > Bank Statement: Last 3 months

      Union Bank of India Personal Loan EMI Calculator

      EMI Calculator

      Union Bank of India Personal Loan Compared to Other Banks

      Bank Interest Rate Tenure Loan Amount & Proc Fee
      Union Bank of India  10.50% 12 to 60 months Up to Rs. 5 lakh / 1% to 2% of Loan Amount
      HDFC Bank 10.50% to 21.50% 12 to 60 months Up to Rs. 40 lakh / Up to 2.50% of the loan amount
      Bajaj Finserv Starting from 12.99% 12 to 60 months Up to Rs. 25 lakh / Up to 3.99% of the loan amount
      Axis Bank 7.35% to 24% 12 to 60 months Rs. 50,000 to Rs. 15 lakh / Up to 2% of the loan amount
      Citibank Starting from 10.50% 12 to 60 months Up to Rs. 30 lakh / Up to 3% of the loan amount
      ICICI Bank 10.50% to 19.25% 12 to 60 months Up to Rs. 20 lakh / Up to 2.25% of the loan amount
       

      Other Loan Products from Union Bank of India (UBI)

      Union Bank of India Gold Loan Union Bank of India Car Loan Union Bank of India Home Loan Union Bank of India Business Loan
      Union Bank of India TWL Union Bank of India LAP Union Bank of India Credit Card Union Bank of India Education Loan

      Why should you apply for a Union Bank of India Personal Loan with Dialabank?

      • Dialabank will help you choose the best financial products for your needs.
      • We make it convenient and simple for you to decide what loan you should avail of.
      • We provide you with the lowest interest rates available in the market.
      • Dialabank is your trustworthy financial advisor and friend.
      • Call us at 9878981166 to avail of the UBI Personal Loan.

      How to Calculate EMIs for Union Bank of India Personal Loan

      You can easily calculate your EMIs on your UBI personal loan using;

      1. Amount of the Loan
      2. Rate of Interest
      3. Tenure

      Union Bank of India Personal Loan Processing Time

      Union Bank of India takes about a week to process your personal loan application. Banks have to carefully verify all your documents and details as personal loans are unsecured.

      Union Bank of India Personal Loan Preclosure charges

      Union Bank of India allows you to foreclose your personal loan at no extra charges. You can pay back your loan amount when you have the required funds.

      Documents Required for Preclosure of Personal Loan 

      Generally, the following documents are required to foreclose your Union Bank of India personal loan:

      • A valid photo identity proof
      • Loan Account Statement
      • Cheque/ demand draft/ cash to make the payment

      UBI Personal Loan Foreclosure Benefits 

      Given below are a few key benefits of foreclosing your UBI personal loan:

      Foreclosure / Full Prepayment

      • Helps you save on the overall interest payout.
      • Frees you from the burden of regular loan repayments.

      Partial Prepayment

      • It enables you to save on the interest component.
      • You also have the advantage of either paying a reduced EMI amount or having a shorter loan tenure.

      Union Bank of India Prepayment Facility

      UBI also offers a prepayment facility to help the customers pay off the entire outstanding or a part of it. If you have a surplus amount of money in hand and meeting the below criteria then you can pay a part of your principal outstanding amount to reduce the same. This will also help in saving interest accrued on the principal amount. Know more about this facility below.

      • Prepayment will be allowed subject to the successful payment of the first 12 EMIs
      • Prepayment will be allowed a maximum of twice during the entire tenure of the loan
      • Prepayment is allowed only once a year
      • At any point in time, the prepayment will not exceed 25% of Principal Outstanding

      Charges to be paid on Prepayment

      • 13-24 Months – 4% of the outstanding loan balance
      • 25-36 Months – 3% of the outstanding loan balance
      • More than 36 Months – 2% of the outstanding loan balance

      Pre Calculated EMI for Union Bank of India Personal Loan

      Loan principal @ interest Tenure
      1 year 2 years 3 years 4 years 5 years
      1 lakh @ 9.25% Rs. 8,766 Rs. 4,589 Rs. 3,201 Rs. 2,501 Rs. 2,098
      5 lakh @ 10.95% Rs. 44,179 Rs. 23,292 Rs. 16,358 Rs. 12,911 Rs. 10,859
      10 lakh @ 11.5% Rs. 88,545 Rs. 47,771 Rs. 32,905 Rs. 26,016 Rs. 21,917
      15 lakh @ 15% Rs. 1.35 lakh Rs. 72,730 Rs. 51,998 Rs. 41,746 Rs.35,685

      Union Bank of India Personal Loan for Salaried Employees

      UBI offers Personal Loan for Salaried Employees at attractive rates of interest. The amount that you get a loan depends on the Company that you work for, The take-home salary of the employee, and the city of residence of the employee. Union Bank offers these loans for a tenure of 12-60 months and provides instant approval along with funds to pre-approved customers.

      Union Bank of India Personal Loan for Self Employed Individuals

      UBI’s  Personal Loan for Self Employees is a loan product offered to self-employed individuals and in need of funds. The bank provides them with attractive rates of interest on their personal loan and tenure of 12-60 months. However, as compared to Salaried Employees, you have to present more documents here as you need to provide the bank with sufficient documents related to your business to prove its continuity as well as your steady income.

      Union Bank of India Personal Loan for TCS Employees

      • Exclusive personal loans with a reasonable interest rate of 11.25% p.a.
      • EMI for personal loans starts at Rs.2178 per lakh when terms and conditions are met.
      • The hassle-free documentation process for TCS employees.
      • Pre-approved personal loans for eligible TCS employees.
      • Personal Loan Interest rate starting at 11.99% p.a for superbike loans.
      • Great offers on home loans with an interest rate of 9.45% p.a and discount interest rate for women at Rs.9.40% p.a.

      Union Bank of India Moratorium Process

      The processes to stop your loan EMIs at UBI are as follows-

      • Visit the Union Bank of India’s website or use their mobile app.
      • Click on the link where the option of moratorium period is popping up.
      • On the application page, mention your registered mobile number, name, and email ID.
      • After that enter your DOB and select the loan type.
      • Enter your loan number and also mention your EMI amount
      • After that make a decision and choose a suitable service to avail.
      • Click on the EMI deferment option that says I agree to pay the accrued interest on the remaining balance
      • Click on the ‘Submit’ button.
      • The bank will check the details thoroughly and process your moratorium request
      • You’ll be given a reference upon the successful completion of the process on your registered mobile number and email ID

      However, if you don’t wish to defer EMI, you should click on the second option after the deferment option. This makes sure that EMI payments are scheduled with no extra interest charged on them.

      Union Bank representatives can also get in touch with you via WhatsApp or call regarding the moratorium process.

      Union Bank of India Personal Loan Special Pricing 

      If a customer is looking for INR 15 lakh of the loan amount or more than that below rates would be applicable.

      Loan Amount IRR Processing Fee (+GST)
      Loan amount >=15 lakh* 10.50% INR 3999

      *Terms & conditions apply

      This offer is not applicable for Top-up/ Enhancement/ Existing loan amount closure.

      If a customer is looking for a Balance transfer and a fresh loan of above INR 10 lakh above, the below offer is available.

      NTH Loan Amount IRR Processing Fee (+GST)
      >=50000 Loan amount >=10 lakh* 10.50% INR 3999

      *Terms & conditions apply

      • Not applicable on Existing loan closure
      • Not applicable for Credit card BT

      How to Manage a Personal Loan

      Here are the 4 tips that will help you manage your loans:

      1. Pay On-Time – The first step is to avoid late fees and penalties. The best way to do that is by paying your monthly payments on time every month. This also hits the credit score. These are needless and all too common consequences that will work against your financial condition. If you have just taken a personal loan or are about to, the best way to manage your loan is by making a monthly payment on your loan as soon as you receive the loan. By being a payment ahead of your installment plan you will have a buffer against a missed payment.

      2. Pay More Than Your Minimum –  Paying beforehand is a good option for managing your plans but paying a little extra every month keeps you ahead of your loan term and provides you with some other financial bonuses. Moreover, paying extra on your loan reduces the length of the repayment plan.

      This will help you clear the debt and allows you to regain your financial independence sooner. It will also reduce the rate of interest you owe and thus, saving you money in the long run. Paying off your debts faster also leads to an improvement in your credit score. A lower credit score will benefit you in several ways, like dropping down payments and rate of interest.

      3. Consolidate Your Loans – For debtors managing multiple personal loans, consolidation could be the best way to simplify your debt repayment. Debt Consolidation is when you take a large loan to repay all the other loans you have taken. So, instead of paying multiple lenders every month with different rates of interests and needs, one can make a single payment to one provider.

      Debt Consolidation is helpful if you can save an interest rate on a new loan that is lower than the average interest rate of the earlier loans. The only disadvantage that lies here is that one will likely end up having to reimburse the debt quicker than before. Before consolidating your debt, make sure that you can make the payments on a new loan. This may also help to reimburse large portions of your loans on credit rather than with a single loan, consolidating it into more controllable pieces.

      4. Credit Score – Last but not least, always keep a close watch on your credit score while reimbursing a personal loan. The credit score plays a major role in finances and has an important relationship with the loans taken out. How you manage your loans is reflected in your credit score. On the other hand, falling behind on your payments will subordinate the credit score. Thus, a higher credit score is important.

      Different Offers for Union Bank of India Personal Loan

      UBI Doctor Loan

      Doctors and medical professionals can apply for a personal loan from Union Bank and enjoy a range of offers and deals curated to their personal and professional needs.

      UBI Marriage Loan

      Marriages are one of the costliest events in Indian households. Union Bank of India has personal loan offers with a low interest rate and high loan quantum to meet your wedding expenses.

      UBI Personal Loan for Government Employees

      Government employees can apply for a Union Bank of India personal loan to meet their financial expenses. The bank has personal loan offers to meet your different monetary needs.

      Union Bank of India Personal Loan Offers for Government Employees

      Offers By Government Number of Companies Processing Fee(% of the Loan Amount IRR
      Miniratna, Navratna, and Maharasthra 55 1.50% 13.49%
      11.49%
      10.99%
      Pensioner All 1.50% 14.75%
      Employees from the Railway Department All 1.50% 16.50%
      15.00%
      14.25%
      CISF, CRPF, ITBP, SSB and BSF All 1.50% 14.75%

      State and Central Government Officers:

      Section Salary Processing charge IRR
      Government Officer Division A (GA) and Division B (GB) NTH>24k 2% 16.75%
      NTH>35k 2% 15%
      NTH>50k 1.75% 14.75%

      Union Bank of India Personal Loan for Pensioners

      Public sector employees who have retired and receive a pension can apply for a personal loan to meet their post-retirement financial needs. We at Dialabank help you choose the right financial product for your needs.

      Union Bank of India Personal Loan Balance Transfer

      Personal Loan Balance Transfer is the process of transferring an existing personal loan from one bank to another to get lower interest rates. You can apply for a Union Bank of India personal loan balance transfer with Dialabank to lower your financial burden.

      Union Bank of India Personal Loan Top Up

      You can apply for Union Bank of India’s personal loan top-up facility to avail of additional funds on your existing personal loan without the need to apply for a fresh loan. Dialabank helps you choose the best deals on personal loan offers.

      Union Bank of India Personal Loan Overdraft Facility

      An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can in like manner reimburse the got out totally at whatever point the condition is ideal. From this time forward, it is possibly the most favoured credit choices that benefitted to meet changing individual supporting necessities unbounded.

      Apply for an overdraft office as a Bank for a startling new unforeseen development. The adaptable improvement office has all the goliath highlights of a slight overdraft credit.

      Union Bank of India Home Renovation Loan

      Union Bank of India offers home improvement loans for people who wish to have their homes renovated. This personal loan would fund essential repairs or help the borrower bring new fittings, fixtures, and furniture into their home. Some of the key features of the UBI Home Renovation Loan are:

      • The interest rate of Union Bank of India’s Home Renovation Loan starts at as low as 11.25%
      • To renovate their house, individuals can qualify for a loan amount of up to Rs. 20 Lakh.
      • The home renovation loan from Union Bank of India includes minimum paperwork that renders the entire loan process hassle-free
      • Usually, the loan amount is credited to the account within 72 hours after the bank approves your application.

      Union Bank of India Holiday Loan

      Union Bank of India Holiday Loan will assist you to prepare your dream vacation with minimal hassle. This personal loan from UBI will facilitate a range of vacation expenses, including booking a flight ticket, lodging in a hotel, guided tours, etc. The principal features of UBI’s Holiday Loan are:

      • The interest rates on holiday loans start at 11.25% p.a.
      • An amount of up to Rs 20 Lakh can be used conveniently so that a financial crisis will not ruin your dream holiday.
      • Simplified and Minimal paperwork helps fund your holiday easily and conveniently.
      • Quick processing and disbursement of credit, which is credited to your account directly.

       Union Bank of India Fresher Funding

      Most unsecured personal loans are targeted at individuals with a regular income, but Union Bank’s Fresher Funding is different. This loan choice from Union Bank is designed to support newcomers, i.e. recent graduates who are seeking their first job. Some main features of the personal loan from UBI Fresher Funding include the following:

      • Sum of up to Rs 1.5 lakh loans
      • The candidate is expected to be at least 21 years of age.
      • The interest rate for Fresher Funding depends on the profile of the loan borrower, the credit history/score of the applicant, age, and location.

      Union Bank of India NRI Personal Loan

      Union Bank of India provides NRIs solely with a personal loan, recognizing the hopes and desires of NRIs. The primary loan candidate must be an Indian citizen and the co-applicant NRI must be a close relative. The following characteristics include NRIs Personal Loan

      • Union Bank of India offers NRIs up to Rs. 10 lakh in private loans with flexible end-use
      • The interest rates for NRI Personal Loans start at 15.49% p.a.
      • For a term of up to 36 months, the loan is.

      Union Bank of India Personal Loan Preclosure Online

      Union Bank of India enables a Personal loan borrower to make a pre-closure or a pre-payment of a loan. However, you will be able to prepay your UBI Personal Loan only after 12 months after you have procured your loan and after paying 12 EMIs plus the foreclosure charges that may be applicable. If you meet this requirement, you can repay your personal loan before the original due date and close your loan early.

      Union Bank of India Personal Loan Process Steps

      Step 1: Determine your requirement
      Figure out why you need a Personal Loan and how much you need. For example, you may need a loan to fund your wedding or to renovate your home. And you may need just Rs. 1 lac or Rs. 10 lac.

      Step 2: Check loan eligibility
      Once you know how much you need, you should check whether you are eligible. You can visit the UBI website to check for your Personal Loan Eligibility Criteria online, to find out how much you can borrow as a Personal Loan. UBI offers loans up to Rs. 15 lacs.

      Step 3: Calculate monthly instalments 
      Use an online EMI tool to calculate your approximate loan repayments every month. You can modify the interest rate and tenure to match your monthly income, like on the Union Bank of India Personal Loan EMI Calculator. UBI  offers pocket-friendly EMIs on all its Personal Loans starting at Rs. 2071 per lac * (T&C).

      Step 4: Approach the bank 
      You can apply for a Personal Loan with Union Bank of India in various ways: Via Net Banking, online on the Union Bank of India website, at an ATM, or by visiting a branch.

      Step 5: Submit documents 
      Next, find out what documents are required for a Personal Loan. You will usually need income proof (bank statements, salary slips or IT returns), address proof, and ID proof. Hand over copies of your Personal Loan documents at the bank.

      Wait for funds to be remitted to your account. Union Bank of India disburses funds for pre-approved loans to customers in 10 seconds*, and for non-UBI customers in 4 hours.

      That’s how to get a Personal Loan in 5 easy steps!

      Union Bank of India Personal Loan Prepayment Charges 

      If you are a salaried applicant, you can pre-pay your UBI Personal Loan only after paying 12 equated monthly instalments completely.

      The pre-payment charges for salaried applicants are as follows:

      • 4% of the outstanding principal amount for 13 to 24 months.
      • 5% of the outstanding principal amount for 25 to 36 months.
      • 2% of the outstanding principal amount for more than 36 months.

      How to apply for the Union Bank of India Personal Loan

      Union Bank of India Personal Loan

      You can apply for a Union Bank of India Personal Loan in 3 easy steps :

      1. Go to the Dialabank website.
      2. Go to the personal loan section.
      3. In the personal loan section, you can apply either as a self-employed individual or a salaried individual.
      4. Once, you fill in all the important details about yourself, submit the form.
      5. After form submission, you will have to wait for our representative to call you.
      6. Eventually, our representative will guide you through the process of the loan.
      7. You get a loan at an affordable interest rate without moving here and there.

      Personal Loan Verification Process

      • Upon submission of the completed online application by Dialabank, the representative of Union Bank of India will send you a verification call to schedule the collection of relevant loan documents.
      • After you have provided all the documentation needed, such as KYC, proof of income, etc the lender verifies them.
      • After validation, with confirmation of the final loan amount, interest rate, and tenure of your personal loan, you will receive another call from the bank.
      • Once the bank receives confirmation from you that the terms of the loan are appropriate, the balance of the loan is disbursed.

      Check Your UCO Bank Personal Loan Application Status

      There is currently no online portal for checking the status of your UCO Bank personal loan application. Hence, you can use the following ways to perform the task:

      • Union Bank of India’s e-Banking service
      • Contacting UBI Bank Customer Care on the helpline number 1800 22 2244.
      • An in-person visit to a nearby UBI branch.

      How to Login to Union Bank of India Portal

      • Visit the e-Banking portal of Union Bank of India.
      • Fill in the details needed, and then press ‘Login’
      • You can review your current loan information once you are signed in, apply for a new loan, check your personal loan eligibility for a new loan, etc.

      How to check the Union Bank of India Personal Loan Statement?

      By following the steps given below, clients can download the bank’s personal loan statement:

      • Go to Union bank of India’s official website.
      • From the drop-down list, pick ‘Service Requests’.
      • Select ‘Personal Loan Related on the corresponding page that opens, under the ‘Loans’ menu.
      • Then, click on ‘Request for Loan Account Statement’.
      • Use your user ID and password to log in, or use your registered mobile number and OTP to use the personal loan statement of the bank.

      Union Bank of India Personal Loan Restructuring (COVID-19)

      To alleviate the impact of the COVID-19 pandemic to a certain degree, a 6-month moratorium on different term loans was announced. Upon completion of the 6-month moratorium, UBI announced the RBI-mandated one-time benefit from UBI Bank’s personal loan restructuring. This mechanism is intended to provide continuing relief to those borrowers who, due to the continuing financial distress of the pandemic, are still unable to begin repayment of their daily EMI.

      The loan settlement mechanism implemented by the Union Bank of India includes an additional moratorium of up to 2 years or an extension to the existing repayment period to decrease monthly EMI payments. It should be recalled, of course, that the restructuring of your personal loan to Union Bank of India will result in additional interest rates above those applicable to the original loan. Thus this relief tool can be used only as a last resort.

      UBI Customer Care

      • You can dial the helpline number 1800 22 2244 anytime.
      • Callback Request: You can likewise demand a get back to by visiting the bank’s site
      • You can reach Union Bank of India online on their website.

      Benefits of Applying for Personal Loan at Dialabank

      Based on interest rates, lenders, loan tenure, and others, Dialabank provides easy access and uses the platform to compare personal loan offers. Some main advantages of applying for a personal loan on Dialabank.com are the following:

      • Easy Accessibility: It is easy to apply for Dialabank personal loans from the comfort of your home or office.
      • Quick Processing: Fast processing and swift reporting help to use personal loans with minimal hassle.
      • 24 X 7 Support: The dedicated customer service team provides end-to-end support for smooth online application processing
      • Know EMI in a flash: With the individual credit EMI Calculator on DialaBank you can check the EMIs you would be paying on a personal advance even before you apply for one. It will assist you with acquiring the reasonable sum that you can without much of a stretch reimburse and have a helpful reimbursement plan. 
      • Hassle-free process: No need to visit the bank branch to request a personal loan that saves time and effort

      How to Get the Best Offer on Union Bank of India Personal Loan

      You can get the best close-to-home financing costs from UBI subject to an evaluation of your credit sum, pay, other commitment organizations you work with, and advance residency. The accompanying elements decide the individual credit pace of interest you can hope to get from the UBI:

      • Credit Amount – This is the sum acquired by a borrower from the bank. By and large, banks offer lower financing costs for higher sums. Union Bank offers credits between ₹ 50,000 and ₹ 15 Lacs.
      • Compensation – Income characterizes your ability to reimburse the credit. More significant compensation section people are offered credits at lower financing costs. The loan cost of the bank fluctuates with your net month-to-month pay.
      • Manager Category – Union Bank of India has an inner rundown of organizations falling into classifications that are positioned from high to low organization classes dependent on the organization’s size, notoriety, and existing relationship with the bank. Representatives who have a place with organizations in higher organization classes get appealing limits and low financing cost advances.
      • Relationship with the Bank – Union Bank of India offers extraordinary rates, offers, and charges to the current record holders of the bank. The individuals who have dealt with their records and made all the instalments on time in the past will get the advantage of a low-UBI advance loan cost.
      • Credit Tenure – Personal advances are of more limited residency that goes from a year to 60 months as they are taken to meet their quick prerequisites.
      • Reimbursement Capacity – Before giving an advance to the borrower, the Union Bank of India checks the reimbursement limit of the borrower. Bank confirms the reimbursement limit of the client through CIBIL as it has the reimbursement history of past credits taken. CIBIL additionally catches data of charge card charges installment.

      How does Union Bank of India Personal Loan work?

      Here is the process:

      Maximum Annual Percentage Rate (APR) 11% to 22.5%
      A representative example of the total cost of the loan, including all applicable fees Here is an illustration of the total cost of the loan:
      Total amount borrowed: ₹ 1,00,000
      Time period: 12 Months to 60 Months
      Union Bank of India Personal Loan Interest Rate: 10.50% to 22.00%
      Processing Fee payable to Upto ₹ 2,500
      Fee payable to MyLoanCare: NIL
      Total Monthly Cost – From ₹ 2,149 for 60 Months ₹ 1,00,000 loan at 10.50% (lowest rate, longest time period) to ₹ 9,359 for 12 Months ₹ 1,00,000 loan at 22.00% (highest rate, shortest time period). This is inclusive of principal repayment.
      Annual Percentage Rate (APR) of charge including all applicable fees: 11% to 22.5%
      Total cost payable over loan tenure: ₹ 8,278 for 12 Months loan to ₹ 31,463 for 60 Months loan

      Important Aspects

      Some of the significant factors that need to be addressed when applying for personal loans at Union Bank of India are as follows:

      • Before applying for a loan, make sure that you review your credit score. For a successful personal loan application, normally 750 and above is considered an ideal credit score
      • Read the terms and conditions and the charges associated with your personal loan.
      • Compare personal loans with different lenders through various options such as loan principal, interest rate, loan tenure, and others.
      • Before applying for personal credit, always review your monthly EMI and select the tenure wisely. If your EMI is too high, your chance of default increases, while too small an EMI increases your overall interest payout.

      FAQs About UBI Personal Loan

      ✅ What is a Union Bank of India Personal Loan?

      Union Bank of India is financial help that can be used to finance your personal needs without having to provide security in exchange for the loan. Personal Loans are multipurpose loans and can be used for a variety of needs.

      ✅ How does Union Bank of India Personal Loan work?

      Union Bank of India Personal Loan works like any other loaning product except that you are not required to submit any security to avail of Personal Loans. All you need are your KYC and income proofs. Once approved and disbursed the loan amount can be used for several personal purposes.

      ✅ What is the Personal Loan rate of interest in the Union Bank of India?

      The personal loan rate of interest in the Union Bank of India is 8.90% – 13.00% per annum. Visit Dialabank’s digital platform to compare rates of interest and offers from different banks across India for all your credit needs.

      ✅ How can I get a Union Bank of India Personal Loan?

      To get a Personal Loan, you will have to visit the nearest branch with basic documents(Aadhar Card, PAN Card) and income proof(salary slip, bank statement) and fill an application form. You can also contact Dialabank to avail yourself of the best financial advice and get personally curated deals and offers for all your financial needs.

      ✅ How to apply for a Personal Loan in Union Bank of India?

      Apply for a Personal Loan by visiting the nearest Union Bank of India branch with all the required documents. You can also apply online with Dialabank and avail of personalized assistance for all your financial needs.

      ✅ Why apply for Union Bank of India Personal Loan?

      Union Bank of India’s Personal Loans are unsecured, come with competitive rates of interest, have long tenure for easy repayment, and can be used for a variety of personal needs and requirements. Apply for a Personal Loan today and say goodbye to all your financial worries.

      ✅ How much EMI on Union Bank of India Personal Loan?

      You can use Dialabank’s EMI calculator to calculate your Union Bank of India’s EMI and also apply for all your Personal Loan needs with personalized assistance.

      ✅ How much CIBIL score required for the Union Bank of India Personal Loan?

      Your CIBIL score is a major factor that affects your Personal Loan eligibility. Union Bank of India needs you to have a CIBIL score over 700 to consider your loan application for approval.

      ✅ Minimum credit score needed for Union Bank of India Personal Loan?

      A credit score is a three-digit figure based on your past credit files that helps determine the risk involved with lending you the money. Union Bank of India requires to have a credit score of at least 700 for Personal Loans.

      ✅ How to calculate Union Bank of India Personal Loan EMI?

      Use your loan amount, loan tenure, and rate of interest to calculate your Personal Loan EMI using the formula, EMI = P*R*[((1+R)^n)/((1+R)^n)-1].

      ✅ What can I use Union Bank of India Personal Loan for?

      Fund your wedding, a family event, or a vacation, pay for your personal expenses, medical and utility bills, renovate your home, or buy a consumer good. A Union Bank Personal Loan can be used for all your personal needs.

      ✅ Can I prepay Union Bank of India Personal Loan?

      Yes, you may prepay your Union Bank Personal Loan by visiting your loan branch. You may also contact the bank’s customer care number for any loan-related queries.

      ✅ How to prepay Union Bank of India Personal Loan?

      When you have the required money and feel the need to close your loan at once, just visit the nearest Union Bank of India branch with your loan documents and apply for a foreclosure. You may be asked to pay a small foreclosure fee in addition to your outstanding loan amount.

      ✅ How to repay Union Bank of India Personal Loan?

      Repay your Personal Loan in easy burden-free EMIs that are automatically deducted from your bank account each month. You can contact your loan officer to learn about any other mode of repayment that may be available for you.

      ✅ What documents are needed for the Union Bank of India Personal Loan?

      Aadhar Card, Voter ID, PAN Card for KYC and Salary Slips, Bank Statement, and ITR File as Income proof are the only documents that you will need for the Union Bank of India Personal Loan. Any other documents, as asked by the bank, shall also be duly submitted.

      ✅ How to check Union Bank of India Personal Loan status?

      Visit your Union Bank of India’s loan branch to know the status of your loan application, and you may also contact their customer care number for any updates or loan-related queries.

      What is the Union Bank of India personal loan customer care number?

      Contact 1800 22 2244 for any queries.

      What are the Union Bank of India Personal Loan pre-closure charges?

      Union Bank of India allows you to foreclose your personal loan at no extra charges. You can pay back your loan amount when you have the required funds.

      ✅ What is the Union Bank of India’s personal loan closure procedure?

      1. Visit the bank with the complete set of documents (as mentioned above).
      2. You may be required to fill a form or write a letter requesting pre-closure of the Personal Loan account.
      3. Pay the pre-closure amount.
      4. Sign the required documents, if any.
      5. Take acknowledgement of the balance amount you have paid.

      ✅ What is the Union Bank of India Personal Loan Overdraft Facility?

      An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can in like manner reimburse the got out totally at whatever point the condition is ideal. From this time forward, it is possibly the most favoured credit choices that benefitted to meet changing individual supporting necessities unbounded.

      ✅ What is the Union Bank of India Personal Loan maximum loan tenure?

      The maximum loan tenure for a Union Bank of India personal loan is up to 60 months.

       

      Table of Contents