Union bank Personal Loan 2022|Best banks for Personal loan|Personal loan Online Apply

 Union bank Personal Loan 2022|Best banks for Personal loan|Personal loan Online Apply

If you are looking for a personal loan then you are at the right place my friend. In this post I will tell you all about the personal loan that is provided by one of the most trusted banks of India that is the Union bank of india. The loan provided by this bank has many features and benefits that I will tell you in this post . If you have a bank account in Union bank then you can easily take loan from it but if you don’t have any account then don’t take any stress because there are still many ways to get personal loan from Union bank Of india so do read the article till the end. So lets talk about all the things to know before applying for the personal loan in the Union bank of India.

Types of Union bank Personal Loans:

• Personal loan for salaried.
• Personal loan for non-salaried persons.
• Union personal loan for govt employees.
• Union Professional personal loan.
• Union personal loan for pensioners.

Union personal loan Documents needed:

Lets get to know about the documents that one must require to apply for the loan for Union bank of india personal loan. If you don’t have these documents then you cant simply apply for the personal loan in union bank of india.

1. One must have His/her ID proofs.
2. The ID proofs like Aadhar card and Pan card is must.
3. The address proofs like Passport, driving license, PAN card can be used.
4. Bank statement of last 12 months are required.
5. Salaried slip of the latest months are must.
6. All bank details must be there.
7. One must fill the credit info.
8. The applicant must have 2,3 passport size photos.
9. One must have KYC documents that is must.

Union personal loan Eligibility Criteria:

There are some eligibility criteria that one must follow. These eligibility criteria must be known to the applicant so that one can easily apply for the loan . These eligibility criteria are:

• The applicant  must be Indian citizen.
• The Minimum age that one can apply for the personal loan is 18 years but it also depends on the type of personal loan you chose.
• The max age to apply for this union bank personal loan is 75 years that also depends on the type of loan you chose.
• The professional persons like Doctor, architect, engineers etc. can apply for the personal loan in this Union bank.
• A min wage of Rs. 15k to 20k per month is required to apply for the Union bank personal loan.

Union bank Personal Loan amount:

To apply for the personal loan in the union bank of India one must know the min and the max amount of loan that this loan scheme can provide to the applicant. The min of the personal loan that this Union bank can provide easily is Rs. 50,000 and the max of the loan that Union bank provides to the user is rs. 15 lakh. If you are seeking for the loan amount varying from 50k to 15 lakh then you can go for it.

Union bank Personal Loan Interest rate:

Now coming to the main point that everyone wants to know that is the Interest rate that Union bank Of India provides . The Interest rate is basically the rate at which we pay the extra amount of money on the principal loan amount. The interest rate of Union bank is quite flexible. The interest rate of Union bank personal loan varies from 9.8% to 13.9%. So if you are good to seek this interest rate then Union bank of India can be proven helpful to you in case of Personal loan.

Union bank Personal Loan tenure rate:

Lets talk about the tenure  rate that Union bank of India provides to the applicants whoa re willing to take the Personal loan. The tenure rate is basically for how much time the applicant is borrowing the loan. The tenure rate of union bank is quite flexible in terms of Personal loan. The max tenure rate of Union bank personal loan is up to 5 years.

If you seek to take a personal loan for about 5 years then Union bank of India can help you.

Union bank Personal Loan Processing fee:

Lets talk about the processing fee of this union bank personal loan . The processing fee is also known as the Upfront fee . The fee that is paid before sanctioning loan is processing fee. The processing fee of the union bank personal loan is 1%. This upfront fee can go up to max of rs. 7,500.

Union bank Personal Loan Features and benefits:

Lets talk about some of the main features and the benefits of the personal loan that Union bank of India can provides to its applicant . The main features and the benefits of Union bank of India are:

• The processing fee is very low.
• The loan can be applied simply from home.
• The process to apply for the loan can be done online.
• The interest rate is quite flexible.
• The interest rate dec if you have good cibil score.
• The tenure rate is quite flexible.
• A student of 18 years can also apply for the personal loan .
• These were the main features and the benefits of Union bank personal loan.

Union bank Personal Loan Apply Process:

Lets come to the main point of the article that is how to apply for the personal loan in Union bank of India. The process to applying for the loan can be done offline as well as online. But now a days people mostly prefer online process so I will tell you how to do it. The stepa to apply for the Union bank personal loan are as follows:

• Go to the official website of Union bank of India.
• Now from the main menu chose the loan option and chose personal loan.
• Chose the type of personal loan which suits you.
• Now apply for the loan by filling all the personal details.
• Fill all the bank details and upload the KYC documents.
• Now check the eligibility.
• If you are eligible then the bank official will try to contact you.
• Within no time the loan will be approved and directed to your bank account.
• So that’s how you can apply for the loan in union bank of India.