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Union Bank of India Personal Loan

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Union Bank of India Personal Loan Highlights

Interest rate 8.90% - 12.65% p.a.
Loan Amount Up to Rs. 15 lakh

For Women- Up to Rs. 50 lakh
Loan Tenure Up to 5 years (repayment should be co-terminus with retirement)

For Women- Up to 7 years
Processing Fees Up to 1% (Maximum Rs. 7,500)

Union Bank Personal Loan Interest Rates 

Union Bank Personal Loan Interest Rates 

For Salaried Individuals Other than Government Employees

Schemes CIBIL score Interest Rates (p.a.)
Union Personal – Under Tie-up and
Union Personal – Under Non Tie-up		 800 & above 9.05%
750-799
(including -1 and 1 to 5)		 9.35%
700-749 9.85%
680-699 10.35%
650-679 10.80%
below 650 12.35%

Personal Loan for Non-Salaried

Schemes CIBIL score Interest Rates (p.a.)
Union Personal – Non Salaried Individuals 800 & above 9.10%
750-799
(including -1 and 1 to 5)		 9.40%
700-749 10.10%
680-699 10.40%
650-679 11.25%
below 650 12.65%

Union Professional Personal Loan Scheme

Schemes CIBIL score Interest Rates (p.a.)
Union Professional Personal-Salaried under Tie-up
and Union Professional Personal-Salaried under Non Tie-up		 800 & above 9.00%
750-799
(including -1 and 1 to 5)		 9.30%
700-749 10.00%
680-699 10.30%
650-679 11.15%
below 650 12.55%
Schemes CIBIL score Interest Rates (p.a.)
Union Professional Personal Non-Salaried 800 & above 9.10%
750-799
(including -1 and 1 to 5)		 9.40%
700-749 10.10%
680-699 10.40%
650-679 11.25%
below 650 12.65%

Union Women Professional Personal Loan Scheme 

Schemes CIBIL score Interest Rates (p.a.)
                        Salaried 800 & above 8.90%
750-799
(including -1 and 1 to 5)		 9.20%
700-749 9.90%
680-699 10.20%
650-679 11.05%
below 650 12.45%

Union Bank Special Personal Scheme for Government Employees and SRLGE

Where the salary account is with Union Bank of India and employer undertaking is available

CIBIL Score Interest Rates (p.a.)
800 & above 8.90%
750-799
(including -1 and 1 to 5)		 9.20%
700-749 9.70%
680-699 10.20%
650-679 10.65%
below 650 12.20%

Where the salary account is with Union Bank of India and employer undertaking is unavailable

CIBIL Score Interest Rates (p.a.)
800 & above 8.95%
750-799
(including -1 and 1 to 5)		 9.25%
700-749 9.75%
680-699 10.25%
650-679 10.70%
below 650 12.25%

Where the salary account is not with Union Bank of India

CIBIL Score Interest Rates (p.a.)
800 & above 9.00%
750-799
(including -1 and 1 to 5)		 9.30%
700-749 9.80%
680-699 10.30%
650-679 10.75%
below 650 12.30%

Types of Union Bank of India Personal Loans

Union Personal- For Salaried (other than Government employees)

Purpose: Union Bank of India offers Personal Loans to salaried employees in the private sector for their various personal needs like weddings, holidays, travel, purchase of durables, etc.

Loan Amount:

For employees of companies having a tie-up with the bank: Up to Rs. 15 lakh

For employees of companies not having any tie-up with the bank-

  • New first-time borrower- Rs. 5 lakh
  • Existing borrower with a satisfactory repayment record of 2 years- Rs. 15 lakh

Tenure: Up to 5 years.

Union Personal- For Non-salaried

Purpose: Non-salaried individuals having a regular income source can avail a personal loan from Union Bank of India to meet their personal expenses, such as marriage, travel, holiday and purchase of consumer durables.

Loan Amount:

  • Existing borrower- Up to Rs. 15 lakh
  • First-time borrower- Up to Rs. 5 lakh

Tenure: Up to 5 years (co-terminus with retirement)

Union Personal- Special Retail Lending Scheme for Government Employees

Purpose: Union Bank of India offers Special Retail Lending Scheme for Government Employees to finance their personal expenses, such as marriage, travel, holiday, purchase of consumer durables, etc. Under this scheme, existing personal loan borrowers of other banks and NBFCs can transfer their existing personal loans to Union Bank of India at lower interest rates.

Loan Amount: Up to Rs. 15 lakh

Tenure: Up to 5 years (co-terminus with retirement)

Union Professional Personal Loan Scheme

Purpose: Professionals including Chartered Accountants, Doctors, Engineers, Company Secretary and Cost Accountants can avail Union Professional Personal Loan Scheme to meet their personal needs.

Loan Amount: Up to Rs. 20 lakh

Tenure: Up to 5 years (up to retirement age of salaried individuals and 65 years of age for non-salaried individuals)

Union Women Professional Personal Loan Scheme (UWPPL)

Purpose: Union Bank of India offers personal loans to women professionals working in the field of healthcare, fashion designing, art and culture, accountancy, aviation, legal services, research and education, event management, beauty and cosmetics, accountancy, audit, etc. to finance their personal expenses such as travel, marriage, holiday, purchase of consumer durables, etc.

Loan Amount: Up to Rs. 50 lakh

Tenure: Up to 7 years

Union Ashiyana Personal Loan Scheme

Purpose: Union Bank of India offers Ashiyana Personal Loans to finance personal requirements, such as marriage, travel, holiday, purchase of consumer durables, loan repayment with other banks, etc., for new and existing home loan borrowers. New Home Loan Borrowers can also avail Ashiyana Home Loan Scheme to meet the incidental expenditure or other miscellaneous expenditure associated with the purchase of property.

Loan Amount: Up to Rs. 15 lakh

Tenure: Up to 7 years

Eligibility for Union Bank of India Personal Loan

For Union Personal- Salaried (other than Government employees)

Loans under this scheme are divided into two categories. The eligibility criteria for both the categories are mentioned here:

Tie-up:

  • Permanent employees of reputed private organization/institutes in India
  • May or may not be holding a salary account with Union Bank of India
  • Minimum monthly gross salary of Rs. 15,000 (Rs. 20,000 for those in Delhi, Mumbai, Bangalore, Kolkata, Pune, Chennai, Ahmedabad)

Non Tie-up:

  • Permanent employees of reputed private institutes/organization in India
  • Should be a bank customer for at least 6 months before applying for the loan
  • Should maintain a salary account with Union Bank of India
  • Should be earning at least a gross monthly salary of Rs. 15,000 (Rs. 20,000 for those personal loan applicants residing in Ahmedabad, Pune, Bangalore, Delhi, Kolkata, Mumbai, Chennai)

For Union Personal Loan – Non-salaried

  • Non-salaried applicants with a regular source of income are eligible for Union Personal Loans
  • Minimum age at the time of loan application- 25 years
  • Maximum age at the time of loan maturity- Up to 75 years of age
  • The individual should be a bank customer for at least 2 years before applying for the loan
  • The applicant should maintain a current /savings account with the Union Bank of India with an average quarterly balance of Rs. 25,000 for the last 4 quarters. There should also be no reporting of cheque returns or any other adverse features

For Union Personal – Special Retail Lending Scheme for Government Employees

  • Permanent employees of government organisations (central government/ state government), defence, armed personnel, PSUs, central/state government undertakings, ministries or departments under them, All India Services’ officers, non-teaching and teaching staff at government colleges and schools
  • Minimum age at the time of loan application- 18 years
  • The applicant may or may not have an account with Union Bank of India
  • The primary applicant should be a government employee

For Union Professional Personal Loan

  • Salaried and non-salaried individuals working under the following professions: Doctors, Engineers, Chartered Accountant, Company Secretary and Cost Accountants.
  • Minimum age at the time of loan application – 18 years for salaried individuals and 25 years for non-salaried individuals.
  • Maximum age at the time of loan maturity- Retirement age for salaried individuals and 65 years for non-salaried individuals.
  • The applicant should have an annual salary or earnings of Rs. 12 lakh and above.

For Union Women Professional Personal Loan Scheme (UWPPL)

  • Minimum age of salaried applicant at the time of loan application should be 21 years
  • Minimum age of non-salaried applicants at the time of loan application should be 23 years
  • Maximum age at the time of loan maturity should be 65 years for non-salaried applicants, whereas retirement age for salaried applicants
  • Salaried and non-salaried women income tax assesses having annual salary or income of Rs. 5 lakh and above are eligible for this scheme
  • Women professionals in the field of healthcare, accountancy, audit, art and culture, fashion designing, wealth management/financial services, coaching, counselling, film making, photography, mass media, publicity, communications, beauty and cosmetics, legal services, aviation, education and research are also eligible for Union Bank Personal Loans
  • Credit score: Applicants having a minimum credit score of 650 and above have higher chances of availing Union Bank Personal Loans

For Union Ashiyana Personal Loan Scheme

  • New and existing home loan borrowers can avail Union Ashiyana Personal Loan Scheme
  • Minimum age at the time of loan application- 18 years
  • Maximum age at the time of loan repayment- Retirement age for salaried individuals and 65 years of age for non-salaried individuals
  • New Home Loan borrowers can avail the Union Ashiyana Personal Loan Scheme along with the home loan. However, the loan is disbursed only after the completion or possession of the property.
  • Existing Home Loan borrowers should have a satisfactory repayment track record and the home loan account should not have been classified under SMA category for the last 6 months.

For Union Ashiyana Overdraft Scheme

  • Existing and new home loan borrowers can avail Union Ashiyana Overdraft Scheme.
  • Home Loans transferred from other banks and NBFCs can also avail Union Ashiyana Overdraft Scheme
  • Minimum age at the time of loan application- 18 years
  • Maximum age at the time of loan repayment- Retirement age for salaried and 65 years of age for non-salaried

Know more about the personal loan eligibility criteria set by top personal loan lenders

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Documents Required for Union Bank of India Personal Loan

  • Complete application form and credit information
  • Two latest passport size photographs
  • KYC documents (applicant and co-applicant both): ID Proof (Passport/PAN/Aadhaar/Voter ID), Address Proof (Passport/Aadhaar/Driving License)
  • Business/Office address proof
  • Bank statement for past 12 months
  • For salaried individuals – last 3 months salary slips, last 2 years ITR/Form 16

Union Bank of India Customer Care

  • All-India toll-free number: 1800 8333 / 1800 2333 / 1800 8331 /1800 8332
  • Dedicated Helpline for reporting fraud/disputed transactions: 18008332
  • Dedicated Number for NRI: 02244546567

Know more about Union Bank Personal Loan Customer Care Numbers and Grievance Redressal in detail.

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FAQs

What is the time required for disbursal of Union Bank Personal Loan?

Union Bank of India claims to disburse the personal loan within 3 working days after the submission of required documents. The bank also offers pre-approved instant personal loans to existing customers.

How does Union Bank of India decide the loan eligibility of personal loan applicants?

The loan eligibility of Union Bank personal loan applicants depends upon their repayment capacity and income. Other factors include their age, credit score, continuity of occupation, etc.

What is the minimum credit score at which the applicants can avail Union Bank Personal Loan?

Union Bank of India has not specified any cut-off credit score for personal loan applicants. However, the bank offers lower interest rates to personal loan applicants with credit score of 700 and above.

Can I choose between a fixed or floating rate for the personal loan?

Union Bank of India offers only floating interest rates on personal loans.

Can the government employees who do not have a salary account with Union Bank of India avail a personal loan from the bank?

Yes, the government employees not having a salary account with Union Bank of India can avail personal loan from the bank under the Special Retail Lending Scheme for Government Employees. However, such applicants are only eligible for the term loan facility. Click here to know personal loan schemes offered by other banks/NBFCs to government employees and other categories.

Does Union Bank of India offer preferential interest rates for personal loans to government employees?

Yes, Union Bank of India offers preferential interest rates to the personal loan applicants employed with the government. Among the government employees, applicants having the employer undertaking are offered the lowest interest rates.

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What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026
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Sushmita Mishra
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Sumit Kumar

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

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