Union Bank is one of the best public-sector banks in India. You can apply for multiple financial services like Union Bank education loan, Union Bank personal loan etc. The bank offers personal loans at low interest rates and flexible repayment periods. Students and individuals can apply for Union Bank personal loans online through the official website of the bank or by visiting the nearest branch. Let’s check all the major features and application processes of Union Bank personal loans.
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How to Apply for a Union Bank Personal Loan?
Applying for Union Bank personal loan is an easy process especially if you are applying through online mode. However, the bank provides options for both online and offline applications. You can either apply on the official website or by visiting the nearest branch of Union Bank. Check the steps below to apply online for a Union Bank personal loan.
Also Read: Unable to get a personal loan due to bad credit report? Check here all about Personal Loan with Low CIBIL Score and know how to get it
Union Bank Personal Loan Apply Online
The online portal of Union Bank has a user-friendly interface so that individuals can apply for the loan easily. Check below the steps to apply for the Union Bank personal loan:
- Visit the official website of Union Bank
- Go to the personal loan section and check the features of the loan
- Click on ‘Apply Now’ and fill in the personal details
- You need to enter details like name, address, phone number, email ID etc
- Upload the required documents
- Click on ‘submit’ and wait for the verification process
- You can also track the status of your loan through the same window
Union Bank Personal Loan Offline Application
If you are unable to apply for Union Bank personal loan online due to any reasons, you can visit the nearest branch of Union Bank. Check the steps below for the Union Bank offline application:
- Visit the nearest branch of Union Bank
- Go to the loan department and take an application form
- Fill out the loan application form properly and get copies of the necessary documents
- Submit the loan application form to the nodal officer along with the documents
Also Read: Did you know you can claim tax deduction in a personal loan? Check here all about personal loan and tax benefit
Documents Required for Union Bank Personal Loan
Since a personal loan is an unsecured loan, income documents are primarily required. Other major documents are KYC, address proof etc. Check the major documents required for a Union Bank personal loan below:
- Duly filled and signed loan application form.
- Recent passport-sized photographs.
- PAN Card, Aadhaar Card, Passport, Voter ID, or Driving License.
- Aadhaar Card, Passport, Utility Bills
- Latest salary slips (for the last 3 months), Form 16, and bank statements (for the last 6 months).
- Income Tax Returns (ITRs) for the last 2-3 years, along with the balance sheet and profit & loss account (for self-employed individuals)
- Employment certificate or letter from the employer (for salaried individuals).
This was all the details regarding the online and offline application process for Union Bank personal loans. Check some FAQs based on the same below:
FAQs
You can apply for a Union Bank personal loan either online or offline. To apply online, visit the official website of Union Bank to apply for the loan. For offline applications, visit the nearest Union Bank branch, fill out the application form, and submit it along with the necessary documents.
To apply for a Union Bank personal loan, you need to submit a duly filled application form, recent passport-sized photographs, identity proof (like PAN Card, Aadhaar Card, Passport, Voter ID, or Driving License), etc.
Yes, if you apply for a Union Bank personal loan online, you can track the status of your application through the same online portal where you submitted your loan application.
If you are unable to apply online, you can visit the nearest Union Bank branch. There, you can obtain an application form, fill it out, and submit it along with the required documents to the nodal officer.
Yes, salaried individuals need to provide their latest salary slips for the last 3 months, an employment certificate or letter from their employer, and their bank statements for the last 6 months when applying for a Union Bank personal loan.
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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