Union Bank of India Personal Loan


Union Bank of India personal loan is specially designed for low-income individuals with a salary as low as Rs. 15,000. With affordable interest rates, flexible repayment options, and an easy application process, Union Bank of India provides personal loans to salaried and self-employed people. Customers can apply for a personal loan from Union Bank online. Once approved, the bank offers speedy loan disbursement to help customers fulfil their financial needs.

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Union Bank of India Personal Loan

  • Interest Rate


  • Loan Amount


  • EMI Per Lakh


  • Processing Fees

    Up to 1% (Maximum Rs 7,500)
  • Pre-Payment Charges

    There is no prepayment penalty if the loan is adjusted by the borrower from his/her own verifiable legitimate sources.
    ... more

Features and Benefits of Union Bank Personal Loan 

Union Bank offers personal loans that come with various features and benefits to meet the financial needs of its customers. Some of the key features and benefits of personal loans are:

  • Union Bank offers up to Rs. 15 lakhs, making it easier for customers to finance their personal expenses.
  • The repayment tenure for Union Bank personal loans ranges from 12 months to 60 months, which gives borrowers the flexibility to choose a repayment schedule that suits their financial situation.
  • Union Bank offers personal loans at competitive interest rates, making it available an affordable option for customers.
  • These loans are unsecured, and you don't need to provide any collateral or security to get approval.
  • Union Bank processes personal loan applications quickly, and if approved, the loan amount is disbursed within a few days.
  • Union Bank offers a hassle-free application process for personal loans, which can be done online or offline.
  • Customers can make prepayments or foreclose their personal loans without charges or penalties.
  • Customers can use Union Bank Personal Loans for debt consolidation, which helps them to manage their debt effectively.
  • Union Bank Personal Loans do not have any hidden charges, which ensures transparency in the loan process.

Union Bank Personal Loan Overview

Whether you're looking to consolidate debt, finance a major purchase, or simply cover unexpected expenses, Union Bank's Personal Loans can provide you with the financial support you need. When you apply for Union Bank Personal Loan, at maximum, you can expect an amount of INR 15 lakhs with repayment terms of up to 60 months.

Union Bank's Personal Loans are also designed with your convenience in mind. The online application process is quick and easy, and you'll receive a decision in just minutes. Plus, our customer service team is always available to answer any questions and provide support throughout the loan process.

Union Bank Personal Loan Fees and Charges

When you apply for Union Bank Personal Loan, familiarity with the associated fees and charges becomes equally important. These charges help to determine the overall loan cost.

  • Processing Fees: 1% of the sanctioned loan amount
  • Overdue Charges: 2% per annum
  • Prepayment Penalty: NIL

Documents Required for Union Bank Personal Loan

You must submit the documents required for the Union Bank personal loan to get easy approval. These documents help the bank to determine your credibility for the applied loan product:

  • Filled loan application form along with the credit details
  • Latest passport-size photos (two)
  • Income proof, i.e. bank statement for the past six to twelve months
  • In the case of a salaried employee, the bank asks for salary slips (three months) and the last two years' ITR
  • Form 16

How Does the EMI Calculation Work for Union Bank Personal Loans?

EMI stands for Equated Monthly Instalment, the money a borrower must pay monthly to repay their Union Bank Personal Loan. The EMI consists of the principal amount and the interest charged on it.

The EMI calculation for Union Bank Personal Loans is done using a mathematical formula that takes into account the loan amount, the interest rate, and the loan tenure. The formula used to calculate EMI is as follows:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]


  • P = Loan amount
  • R = Interest rate per month (converted from annual rate)
  • N = Loan tenure in months

Additionally, you can utilise Union Bank Personal Loan Calculator to easily calculate EMI based on your loan amount, interest rate, and term.

Don't miss to Check: Union Bank Personal Loan Calculator

Union Bank Personal Loan Customer Care Number

You can easily contact the bank executive to resolve any query associated with the personal loan or any other loan product. Here's how to connect with the customer care executive:

Call on 1800 22 22 44 or 1800 208 2244 (toll-free number)

Or call on 080-61817110 (charges applicable)



From refinancing to reducing your interest, we have the answers right here.

What are the benefits Union Bank provides on a personal loan?

When you apply for a Union Bank personal loan, you unlock an array of benefits, such as attractive interest rates, quick approval, a hassle-free loan process, minimal documentation, flexible end use, etc. 

What are the documents required in Union Bank for a personal loan?

To get easy approval on the personal loan interest rate, you must submit associated documents, including identity proof, residence proof, income proof, etc. 

Does Union Bank check for CIBIL score for a personal loan?

Yes, similar to other lenders, Union Bank also checks the applicant's CIBIL score. It helps the bank to determine the applicant's credibility. 

What is the maximum and minimum personal Loan amount I can get from Union Bank?

There is no minimum limit on the personal loan amount. However, the maximum amount caps at INR 15 lakhs. 

What KYC documents do I need to submit to apply for a personal loan from Union Bank?

You must submit a PAN Card and Aadhaar Card to apply for a personal loan from Union Bank. 

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