Get a personal loan of 10 lakh with the worst credit score! Union Bank Personal Loan Apply.
Union Bank Personal Loan Apply
In today’s time, due to rising inflation, we often need extra money. Whether it’s an unexpected medical emergency, wedding expenses, or educational purposes, the lack of funds remains a significant challenge. In such cases, a personal loan from Union Bank is an excellent option that provides you with quick and easy financial assistance.
Loan Features
Union Bank offers personal loans ranging from ₹50,000 to ₹15 lakh. The most attractive feature of this loan is that it gets approved in just 5 minutes. The minimum interest rate offered by the bank is 11%, which is quite competitive in the market. The loan tenure can range from 12 months to 5 years, allowing you to choose according to your convenience.
Eligibility Criteria
To qualify for a Union Bank personal loan, applicants must meet certain basic conditions. The applicant’s age should be between 21 and 60 years, and they must be a permanent resident of India. A minimum monthly income of ₹25,000 is required. Additionally, a good credit score is also important—your CIBIL score should be around 750 or higher.
Required Documents
When applying for the loan, you will need to submit some essential documents. These include:
- Identity Proof (Aadhaar Card, PAN Card, Passport, or Driving License)
- Address Proof (Aadhaar Card, Electricity Bill, or Passport)
- Income Proof (Salary Slip, Bank Statement, and Form 16)
- One recent passport-sized photograph
Online Application Process
Union Bank also provides the option to apply online for the convenience of its customers. To do this, you can visit the bank’s official website and follow the steps below:
- Click on the ‘Loans’ option on the homepage of the website.
- Select ‘Personal Loan’ and fill in your basic information.
- Upload the required documents.
- Check your eligibility and fill out the detailed application form.
- Upload your CIBIL score and credit report.
- Verify all the information and submit the form.
After submitting the application, the bank staff will review your application. If everything is found to be correct, the loan amount will be credited to your account within 24 hours. In some cases, if additional information is required, the process may take up to 7 days.
The personal loan offered by Union Bank is a quick and convenient financial solution that can meet your immediate monetary needs. With low interest rates, flexible repayment terms, and a straightforward application process, it makes for an attractive choice.
However, it is crucial to carefully analyze your financial situation and thoroughly understand the loan terms before making any financial decisions.
If you meet all the eligibility criteria and are committed to using the loan responsibly, a personal loan from Union Bank could be a suitable option for you.
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