Who can apply for a Union Bank personal loan?
If you’re wondering who can apply for a Union Bank personal loan? The answer starts with meeting these documentation requirements.
✔️ Duly completed application form and credit information
KYC documents of applicant and co-applicant/guarantor (if any):
✔️ Identity proof (PAN card/Voter ID card/Passport/Aadhaar etc.)
✔️ Address proof (Driving license/Passport/Aadhaar etc.)
✔️ Office/Business address proof
✔️ Last two passport size photographs
✔️ For salaried employees – Income proof i.e. ITR/Form 16 of last 2 years, Salary proof of last 3 months
✔️ Bank statement of last 12 months
Charges applicable to Union Bank Personal Loan
Union Bank offers competitive interest rates on loans based on the loan amount. For loans up to ₹3 million, the interest rate is set at 11.40%. For loans ranging from ₹3 million to ₹5 million, the interest rate is slightly above 12.40%. Additionally, for loans between ₹5 million and ₹20 million, an interest rate of 12.65% applies.
In each case, who can apply for a Union Bank personal loan? Anyone who meets the eligibility and documentation requirements outlined here.
Application process for Union Bank Personal Loan
Visit Union Bank’s website and fill out the “UNION PERSONAL – SALARIED” form and submit your documents. If approved, wait for the bank to contact you for disbursal of the amount.