United Bank of India Marriage Loan is offered to those salaried individuals and pensioners who need to fund a wedding. At United Bank of India, you can avail a loan amount of upto Rs. 10 lakh to finance various wedding related expenses like decoration, venue, catering, invitation cards, jewellery, etc. Also, the tenure to repay this marriage loan goes upto 48 months and offers complete flexibility.
United Bank of India Marriage Loan Interest Rates
| For Salaried Person | MCLR-Y+5.40% i.e 14.20% |
| For Working Women (0.25% concession) | MCLR-Y+5.15% i.e 13.95% |
| Pensioners | MCLR-Y+4.65% i.e 13.10% |
Eligibility Criteria for United Bank of India Marriage Loan
- You should either be a salaried individual or a pensioner
- If you are a salaried individual, you should have a permanent service and regular income for at least 2 years
- You should be a pensioner of Central and State Governments, Central and State Governments’ Undertakings, Defence Services, reputed Companies, Educational Institutions (Universities, Institutes, Schools and Colleges)
- If you are a pensioner, you should be drawing pension from any Branch of United Bank of India
- If you a pensioner, your age at the time of availing loan should be such that the entire loan is repaid before your attaining seventy five years of age
Documents Required
- Identity proof: Passport, Pan Card, Voter Identity Card, Driving License, Aadhaar Card
- Address proof: Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties), Aadhaar Card
- Income proof: Bank Account Statement, Salary Slips (for salaried individuals)
- Pension proof and documents (for pensioners)
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
FAQs
Q. What is the processing fee of United Bank of India Marriage Loan?
Ans. The processing fee starts from 1% of the loan amount sanctioned.
Q. I am a pensioner and wish to take a loan for my grandson’s wedding. What would be my tenure to repay the loan?
Ans. The repayment schedule is fixed in such a way that the EMI plus other deductions will not be more than 40% of the gross monthly pension
| If the pensioner is below 70 years | Maximum of 48 EMIs |
| If the pensioner is above 70 years | Maximum of 36 EMIs |
Q. How do I contact the customer care team of United Bank of India?
Ans. You can call on 1800-345-0345 (toll- free number).