Union Bank of India Personal Loan

Home Union Bank of India Union Bank of India Personal Loan
loading Apply for Personal Loan Starting From 10.50%*
loading

Get Union Bank of India Personal Loan at lowest Rates!

  • Loan Amount: Upto Rs. 10 lakh
  • Processing Fees: Upto 0.50%

Apply for Personal Loan Starting From 10.50%*

Digits Only
Error: Please enter valid amount.
Note: The amount of loan you desire to borrow
Digits Only
Error: Please enter valid amount.
Note: Income is required to check the suitable personal loan for you
Error: Please enter valid amount.
Note: Your company's annual sales/turnoveryou.
Error: Please select mode of salary received
Error: Please select your residence type
Digits Only
Error: Please enter valid amount.
Error: Please select profession years
+91
Error: Please enter a valid number.
Note: We may verify this number later using OTP
Error: Please select current city
Error: Please enter a valid name.
Error: Please enter a valid email address.
Error: Please enter a valid PAN number.
Error: Please enter a valid date of birth.
Error: Please enter a valid Pin Code.

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :19/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :19/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 19/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :19/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 19/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :19/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :19/01/2020

More

By submitting this form, I agree to Term of Use

*Offers are from Paisabazaar's partner Banks & NBFCs.

OTP Verification

Verify your mobile

Please enter the OTP we sent via SMS

Didn’t receive your OTP? Send it again
Your OTP resend limit exceeded. Please try again later.
Updated: 15-11-2019 11:21:06 AM

Union bank of India Personal Loan helps an individual to deal with any emergency financial situation like paying medical bills, renovating your home, etc. and fulfill your dreams like getting married, going on a vacation, opting for higher studies, etc. The personal loan amount goes up to Rs. 10 lakh and can be availed online from the comfort of your home or office.

Table of Contents
Union Bank of India Personal Loan - Features and Benefits
Union Bank of India Personal Loan - Interest Rate and Fees
Union Bank Personal Loan Scheme for Salaried Individuals (Other Than Government Employees)
Union Bank Personal Loan Scheme for Non-Salaried Individuals
Union Bank Personal Loan Scheme for Government Employees
Union Bank of India Personal Loan - Documents Required
Union Bank of India Personal Loan - EMI Calculator
Compare Union Bank of India Personal Loan VS Other Lenders
How to Apply for Union Bank of India Personal Loan at Paisabazaar?
Union Bank of India - Customer Care

Union Bank of India Personal Loan - Features and Benefits

  • Loan amount: Starting from Rs. 5 lakh, the loan amount offered by Union bank of India on a personal loan goes up to Rs. 10 lakh
  • Flexible tenure:The tenure to repay Union Bank of India Personal Loan goes up to 60 months and offers flexibility
  • Fast processing:Union Bank of India ensures to process your personal loan application quickly (if you meet the eligibility criteria) so that you can avail instant funds
  • Minimum documentation:You can avail Union Bank of India Personal Loan just by submitting minimum documentation that also includes the KYC documents

Union Bank of India Personal Loan - Interest Rate and Fees

Interest RateStarts from 1Y-MCLR + 2.00%
Processing Fee0.50% of the loan amount, subject to minimum of ` 500, plus applicable GST

Union Bank Personal Loan Scheme for Salaried Individuals (Other Than Government Employees)

This loan scheme is designed to meet various personal needs of a salaried professional.

Union Bank Personal Loan Scheme for Salaried Individuals – Interest Rate and Fees

Interest RateTie-Up (A1)Non Tie- Up(A2)
1Y-MCLR + 4.00% (floating)1Y-MCLR + 5.00% (floating)
Processing fees0.50% of the loan amount, subject to minimum of Rs. 500, plus applicable GST

Union Bank Personal Loan Scheme for Salaried Individuals – Eligibility Criteria

  • You should be at least 18 years old
Tie- Up (A1)Non Tie- Up (A2)
1. You should be a permanent/ confirmed employee of reputed private institutes/organization in India

2. These organizations/institutes should be operating within the jurisdiction of respective ZLCC

3. You might or might not maintain a salary account with us

1. You should be a permanent/ confirmed employee of reputed private institutes/organization in India

2. You should be customer of the bank for at least 6 months prior to considering the loan proposal

3. You should necessarily maintain salary account with us

Union Bank Personal Loan Scheme for Non-Salaried Individuals

This scheme is offered to meet personal needs of self-employed individuals.

Interest Rate and Fees

Interest Rate1Y-MCLR + 6.00% (floating)
Processing Fees0.50% of the loan amount, subject to minimum of ` 500, plus applicable GST

Eligibility Criteria

  • You must have a regular source of income
  • You should be at least 25 years old
  • Your age at the end of repayment has to be maximum 60 years
  • You should be a customer of Union Bank for at least 24 months prior to considering the personal loan application
  • You must maintain a savings or current account with us with AQB of Rs. 25,000 and above

Union Bank Personal Loan Scheme for Government Employees

This loan is offered to meet personal needs of government employees.

Union Bank Personal Loan Scheme for Government Employees – Interest Rate and Fees

Interest RateWherever employer undertaking available1Y-MCLR + 2.00%
Wherever employer undertaking not available1Y-MCLR + 3.50%
Processing FeeNIL

Union Bank Personal Loan Scheme for Government Employees – Eligibility Criteria

  • You should be at least 18 years old
  • You should be a permanent employee of Government organizations (Central / State), PSUs, Central / State Government undertakings, Defence, armed personnel, Ministries / Departments under the Ministries, officers in All India Services, Teaching & non-teaching staff at Government Schools & Colleges
  • You should be the main applicant to avail this loan
  • You must have a salary account with Union Bank. If not, you will have to get one with the bank

Union Bank of India Personal Loan - Documents Required

  • Proof of identity (any one): PAN Card, passport, ID Card
  • Proof of address (any one): Telephone bill, electricity bill, Aadhaar Card
  • Proof of income(any one): Last three year ITR, last three year form-16/letter from employment and last 6 months salary slip
  • Proof of out-goes: LIC policies (if any), loan repayment statement (if any), any other valid proof of any out- go
  • PAN Card
  • 2 photographs

Union Bank of India Personal Loan - EMI Calculator

It is a good decision to check the EMI of Union Bank of India personal loan at Paisabazaar.com and plan your future expense accordingly. Not only this, the personal loan EMI calculator also helps you to borrow a loan amount as per your repayment ability. All you need to do is to fill the following details:

  • Loan amount
  • Tenure
  • Interest Rate

Compare Union Bank of India Personal Loan VS Other Lenders

ParticularsUnion Bank of IndiaHDFC BankCiti BankICICI BankBajaj Finserv
Interest RateStarting from 14.40%11.25% to 21.50%Starting from 10.99%11.50% to 19.25%Starting from 12.99%
TenureUpto 60 months12 to 60 months12 to 60 months12 to 60 months12 to 60 months
Loan amountUpto Rs. 10 lakhUpto Rs. 40 lakhUpto Rs. 30 lakhUpto Rs. 20 lakhUpto Rs. 25 lakh
Processing FeeUpto 0.50% of the loan amountUpto 2.50% of the loan amountUpto 3% of the loan amountUpto 2.25% of loan amount plus GSTUp to 3.99% of the loan amount
Apply NowApply NowApply NowApply NowApply Now

Union Bank of India - Customer Care

FAQs
How to repay my Union Bank of India personal loan?
If I already have an existing loan from Union Bank, will I be eligible for a personal loan?
Can I apply for Union Bank of India personal loan offline?
How to repay my Union Bank of India personal loan?

You can repay the personal loan either by Standing Instruction facility or through internet banking.

If I already have an existing loan from Union Bank, will I be eligible for a personal loan?

Yes, if your repayment record is clear and you have the ability to repay two loans at a time, you would be considered for another loan by the bank.

Can I apply for Union Bank of India personal loan offline?

Yes, you can either contact the customer care or visit the nearest branch to apply for the personal loan offline.

Did you find this article helpful? Rate it.

Menu