{"id":14489,"date":"2024-08-12T13:22:21","date_gmt":"2024-08-12T07:52:21","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=14489"},"modified":"2024-08-14T10:53:23","modified_gmt":"2024-08-14T05:23:23","slug":"union-bank-of-india-personal-loans","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/","title":{"rendered":"Union Bank of India Personal Loan: Types, Interest, Eligibility, Documents, How to Apply"},"content":{"rendered":"\n<p>Union Bank of India personal loans are offered by one of the largest government banks in India. Both, salaried and self-employed individuals can avail of these loans under two schemes- Scheme A and Scheme B. The loan can be used for any purpose like travel, education, wedding, purchase of consumer durable goods, home construction, etc. The applicant must be a permanent or confirmed employee of a reputed private institute or organization in India. To know more about the UBI personal loan scheme, continue reading.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-overview-of-union-bank-of-india-personal-loan\" data-level=\"2\">Overview of Union Bank of India Personal Loan<\/a><\/li><li><a href=\"#h-key-features-of-ubi-personal-loans\" data-level=\"2\">Key Features of UBI Personal Loans<\/a><\/li><li><a href=\"#h-union-bank-personal-loan-schemes-amp-types\" data-level=\"2\">Union Bank Personal Loan Schemes &amp; Types<\/a><ul><li><a href=\"#h-scheme-a-tie-up-scheme\" data-level=\"3\">Scheme A (Tie-Up Scheme)<\/a><\/li><li><a href=\"#h-scheme-b-non-tie-up-scheme\" data-level=\"3\">Scheme B (Non-Tie Up Scheme)<\/a><\/li><li><a href=\"#h-types-of-ubi-personal-loans\" data-level=\"3\">Types of UBI Personal Loans<\/a><\/li><\/ul><\/li><li><a href=\"#h-union-bank-of-india-personal-loan-interest-rates\" data-level=\"2\">Union Bank of India Personal Loan Interest Rates<\/a><\/li><li><a href=\"#h-eligibility-criteria\" data-level=\"2\">Eligibility Criteria<\/a><\/li><li><a href=\"#h-documents-required\" data-level=\"2\">Documents Required<\/a><\/li><li><a href=\"#h-union-bank-personal-loans-for-students\" data-level=\"2\">Union Bank Personal Loans for Students<\/a><\/li><li><a href=\"#h-apply-for-union-bank-of-india-personal-loan-online\" data-level=\"2\">Apply for Union Bank of India Personal Loan Online<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-overview-of-union-bank-of-india-personal-loan\"><span id=\"overview-of-union-bank-of-india-personal-loan\">Overview of Union Bank of India Personal Loan<\/span><\/h2>\n\n\n\n<p>Union Bank of India offers personal loans up to INR 15 lakhs at interest rates starting from 13.35% p.a. The amount also depends on the scheme (tie-up or non-tie-up scheme) and your relationship with the bank. The maximum repayment tenure is 5 years and the repayment starts from the month following the first disbursement.<\/p>\n\n\n\n<p>However, a new or a first-time borrower is offered up to INR 5 lakhs of Union Bank of India personal loans. Once the existing borrower shows a satisfactory repayment record for 2 years, they can be offered up to INR 15 lakhs.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Maximum Loan Amount<\/strong><\/td><td>Up to INR 15 lakhs<\/td><\/tr><tr><td><strong>Interest Rates<\/strong><\/td><td>13.35% p.a to 15.45% p.a<\/td><\/tr><tr><td><strong>Repayment Tenure<\/strong><\/td><td>Up to 5 years<\/td><\/tr><tr><td><strong>Margin Money<\/strong><\/td><td>NIL<\/td><\/tr><tr><td><strong>Schemes<\/strong><\/td><td>Scheme A- Tie-up Scheme<br>Scheme B- Non-tie-up Scheme<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check out the details of <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/union-bank-balance-transfer-for-education-loan\/\"><strong>Union Bank balance transfer for education loan<\/strong><\/a><strong> here.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-key-features-of-ubi-personal-loans\"><span id=\"key-features-of-ubi-personal-loans\">Key Features of UBI Personal Loans<\/span><\/h2>\n\n\n\n<p>Union Bank of India offers personal loans to meet various financial needs, including travel, weddings, medical expenses, and more. The interest rate for Union Bank personal loans is competitive. However, the exact rate depends on several factors, including your credit score, income, and loan amount. Let&#8217;s break down the key features and eligibility criteria-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Union Bank personal loans are unsecured, meaning you don&#8217;t need to pledge any collateral.<\/li>\n\n\n\n<li>If you&#8217;re single, widowed, or divorced, a co-employee guarantor might be required.<\/li>\n\n\n\n<li>Unlike <a href=\"https:\/\/fly.finance\/blog\/education-loan\/union-bank-abroad-education-loan\/\"><strong>Union Bank education loans<\/strong><\/a> to study abroad, no moratorium period is allowed when taking personal loans from Union Bank of India.<\/li>\n\n\n\n<li>You don\u2019t have to offer any security subject to the condition that the Spouse of the applicant must join as a co-applicant.<\/li>\n\n\n\n<li>The bank offers other features like a <a href=\"https:\/\/fly.finance\/blog\/education-loan\/union-bank-of-india-zero-balance-account\/\"><strong>Union Bank zero balance account<\/strong><\/a> and essential banking services such as funds transfer, online banking, ATM debit card facilities, and others.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-union-bank-personal-loan-schemes-amp-types\"><span id=\"union-bank-personal-loan-schemes-types\">Union Bank Personal Loan Schemes &amp; Types<\/span><\/h2>\n\n\n\n<p>Union Bank offers personal loans under two dedicated loan schemes. Each category has its eligibility criteria and minimum monthly salary requirements. The major difference lies in whether the applicant has a bank account with Union Bank or not.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-scheme-a-tie-up-scheme\"><span id=\"scheme-a-tie-up-scheme\">Scheme A (Tie-Up Scheme)<\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Open to all salaried employees of reputed private organisations in India.<\/li>\n\n\n\n<li>Minimum monthly salary requirement: INR 15,000 (INR 20,000 for metro cities like Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad, and Pune) ).<\/li>\n\n\n\n<li>A salary account with Union Bank is not mandatory.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-scheme-b-non-tie-up-scheme\"><span id=\"scheme-b-non-tie-up-scheme\">Scheme B (Non-Tie Up Scheme)<\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Open to salaried employees of reputed private organisations.<\/li>\n\n\n\n<li>Having a salary account with Union Bank for at least 6 months is mandatory.<\/li>\n\n\n\n<li>Minimum monthly salary requirement: INR 15,000 (INR 20,000 for metro cities).<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-types-of-ubi-personal-loans\"><span id=\"types-of-ubi-personal-loans\">Types of UBI Personal Loans<\/span><\/h3>\n\n\n\n<p>You can avail of different types of Union Bank of India personal loans based on your eligibility, income, and purpose. These types are-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Union Women Professional Personal Loan Scheme<\/li>\n\n\n\n<li>Union Personal Scheme for Salaried Individuals Other than Government Employees<\/li>\n\n\n\n<li>Union Personal Loan &#8211; Non Salaried<\/li>\n\n\n\n<li>Personal Loan Under Special Retail Lending Scheme for Government Employees<\/li>\n\n\n\n<li>Union Professional Personal Loan Scheme<\/li>\n\n\n\n<li>Union Ashiyana Personal Loan Scheme<\/li>\n\n\n\n<li>Union Ashiyana Overdraft Scheme<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Know how to open <\/strong><a href=\"https:\/\/fly.finance\/blog\/student-account\/union-bank-online-account-opening\/\"><strong>Union Bank Account online<\/strong><\/a><strong> for international students.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-union-bank-of-india-personal-loan-interest-rates\"><span id=\"union-bank-of-india-personal-loan-interest-rates\">Union Bank of India Personal Loan Interest Rates<\/span><\/h2>\n\n\n\n<p>Personal loans from Union Bank of India are offered at attractive interest rates, including <a href=\"https:\/\/fly.finance\/blog\/education-loan\/union-bank-education-loan-interest-rate\/\"><strong>UBI education loan interest rates<\/strong><\/a>. They range from 13.55% p.a. to 15.45% p.a. The interest rates are based on EBLR (External Benchmark Lending Rate) and premiums as stated by the bank. Union Bank personal loan interest rates also vary based on the applicant&#8217;s CIBIL score for personal loans.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>UBI Personal Scheme<\/strong><\/td><td><strong>CIBIL Score<\/strong><\/td><td><strong>Interest Rate<\/strong><\/td><td><strong>Effective ROI<\/strong><\/td><\/tr><tr><td rowspan=\"2\">Union Personal &#8211; Under Tie-up (Scheme A)<\/td><td>700 &amp; Above<\/td><td>EBLR + 4.10%<\/td><td>13.35% p.a<\/td><\/tr><tr><td>Below 700<\/td><td>EBLR + 4.20%<\/td><td>13.45% p.a<\/td><\/tr><tr><td rowspan=\"2\">Union Personal \u2013 Under Non-Tie-up&nbsp;(Scheme B)<\/td><td>700 &amp; Above<\/td><td>EBLR + 5.10%<\/td><td>14.35% p.a<\/td><\/tr><tr><td>Below 700<\/td><td>EBLR + 5.20%<\/td><td>15.45% p.a<\/td><\/tr><tr><td rowspan=\"2\">Union Personal- For Non-Salaried Individuals<\/td><td>700 &amp; Above<\/td><td>EBLR + 6.10%<\/td><td>16.35% p.a<\/td><\/tr><tr><td>Below 700<\/td><td>EBLR + 6.20%<\/td><td>16.45% p.a<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-eligibility-criteria\"><span id=\"eligibility-criteria\">Eligibility Criteria<\/span><\/h2>\n\n\n\n<p>Checking the eligibility criteria is important before applying for Union Bank of India personal loans. The criteria laid out by the bank are simple. You must fulfil the age and income eligibility to apply for the loans. Besides, a good <a href=\"https:\/\/fly.finance\/blog\/personal-loan\/cibil-score-for-personal-loans\/\"><strong>CIBIL score for personal loans<\/strong><\/a> can let you avail of loans at favourable terms and conditions.<\/p>\n\n\n\n<p>To be eligible for a Union Bank personal loan, you must-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Be a permanent or confirmed employee of a reputed private institute or organization in India.<\/li>\n\n\n\n<li>Have a minimum monthly gross salary of INR 15,000 (INR 20,000 for metro cities).<\/li>\n\n\n\n<li>Be a minimum of 18 years old and the maximum age should be one year before retirement age.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-documents-required\"><span id=\"documents-required\">Documents Required<\/span><\/h2>\n\n\n\n<p>When filling out the Union Bank personal loan application form, you must upload certain documents. These are related to identity and income proofs. The bank will verify them and on successful verification, they will disburse the loan amount to your account. Here\u2019s the list of documents you will need to apply for UBI personal loans<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Passport, PAN card, Aadhaar card, or Voter ID card<\/li>\n\n\n\n<li>Salary slips for the last three months<\/li>\n\n\n\n<li>Form 16<\/li>\n\n\n\n<li>Income Tax Returns for the past two years.&nbsp;&nbsp;&nbsp;<\/li>\n\n\n\n<li>Last six months&#8217; bank statements where salary is credited&nbsp;&nbsp;<\/li>\n\n\n\n<li>Two passport-sized photographs<\/li>\n\n\n\n<li>Completed and signed application form<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-union-bank-personal-loans-for-students\"><span id=\"union-bank-personal-loans-for-students\">Union Bank Personal Loans for Students<\/span><\/h2>\n\n\n\n<p>Union Bank of India offers personal loans for students as well. Aspiring applicants can avail of these loans for higher education. However, since students do not have a stable income source, they must apply with a co-applicant (usually parents or guardians).<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>These loans cover tuition fees, living expenses, and other educational costs.<\/li>\n\n\n\n<li>You can work part-time to cover the loan repayments.<\/li>\n\n\n\n<li><a href=\"https:\/\/fly.finance\/blog\/education-loan\/union-bank-education-loan-disbursement-process\/\"><strong>Union Bank education loan disbursement process<\/strong><\/a> is smooth and hassle-free.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check out the details on <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/union-bank-education-loan-processing-time\/\"><strong>Union Bank education loan processing time<\/strong><\/a><strong>.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-apply-for-union-bank-of-india-personal-loan-online\"><span id=\"apply-for-union-bank-of-india-personal-loan-online\">Apply for Union Bank of India Personal Loan Online<\/span><\/h2>\n\n\n\n<p>You can apply for a loan either online through our website or by visiting your nearest branch. Simply download the application form from our website or collect it from the branch and submit it along with the required documents. Follow the steps given below to apply for Union Bank of India personal loan online-<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Visit the official website of the Union Bank of India.<\/li>\n\n\n\n<li>Navigate to \u2018Digital Banking\u2019.<\/li>\n\n\n\n<li>Click on \u2018Self Service Banking\u2019.<\/li>\n\n\n\n<li>Select \u2018Online Loan Application\u2019.<\/li>\n\n\n\n<li>Click on \u2018Digital Personal Loan\u2019.<\/li>\n\n\n\n<li>Now, apply for the loan by filling out the required details.<\/li>\n<\/ul>\n\n\n\n<p>This was all about Union Bank of India personal loans. To know more about <a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>, <a href=\"https:\/\/fly.finance\/forex\"><strong>forex<\/strong><\/a> and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1723448628024\"><strong class=\"schema-faq-question\"><strong>What is a Union Bank of India personal loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">Union Bank of India personal loans are term loans offered by the bank. It can be used for multiple purposes. You can avail up to INR 15 lakhs at interest rates starting from 13.35% p.a and repay within 5 years.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723448633840\"><strong class=\"schema-faq-question\"><strong>How can I apply for a Union Bank of India personal loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">You can apply for a Union Bank of India personal loan online via their official website. You can also collect the loan application form from the nearest bank branch or simply download it from our website and submit it along with documents.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723448645107\"><strong class=\"schema-faq-question\"><strong>Who is eligible for the Union Bank of India personal loan?<\/strong><\/strong> <p class=\"schema-faq-answer\">A permanent or confirmed employee of a reputed organization in India is eligible to apply for UBI personal loans. They must have a minimum monthly gross salary of INR 15,000 (INR 20,000 for metro cities) and be at least 18 years old.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723448654624\"><strong class=\"schema-faq-question\"><strong>What is the interest rate on Union Bank of India personal loans?<\/strong><\/strong> <p class=\"schema-faq-answer\">Personal loans from Union Bank of India are offered at attractive interest rates, ranging from 13.55% p.a. to 15.45% p.a. The interest rates are based on EBLR (External Benchmark Lending Rate), premiums and the CIBIL score of the borrower.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1723448663147\"><strong class=\"schema-faq-question\"><strong>Does Union Bank of India offer personal loans for students?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes. Students who wish to pursue higher education in India or abroad can avail of Union Bank of India personal loans for education. You can also utilise the loan amount for online courses.<\/p> <\/div> <\/div>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Related Blogs<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-for-mba-in-usa\/\"><strong>Education Loan for MBA in the USA<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-pilot-training\/\"><strong>Education Loan for Pilot Training<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/loan-against-mutual-funds\/\"><strong>Education Loan against Mutual Funds<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-extension-letter\/\"><strong>Education Loan Extension Letter to Bank<\/strong><\/a><\/td><\/tr><tr><td><a 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Dies?<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 c0.315,0.315,0.51,0.615,0.673,1.035c0.123,0.317,0.27,0.794,0.31,1.671c0.043,0.949,0.052,1.234,0.052,3.637 s-0.009,2.688-0.052,3.637c-0.04,0.877-0.187,1.354-0.31,1.671c-0.163,0.42-0.358,0.72-0.673,1.035 c-0.315,0.315-0.615,0.51-1.035,0.673c-0.317,0.123-0.794,0.27-1.671,0.31c-0.949,0.043-1.233,0.052-3.637,0.052 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Both, salaried and self-employed individuals can avail of these loans under two schemes- Scheme A and Scheme B. The loan can be used for any purpose like travel, education, wedding, purchase of consumer durable goods, home construction, etc. &#8230; <a title=\"Union Bank of India Personal Loan: Types, Interest, Eligibility, Documents, How to Apply\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/\" aria-label=\"Read more about Union Bank of India Personal Loan: Types, Interest, Eligibility, Documents, How to Apply\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":14493,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[410],"tags":[],"class_list":["post-14489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Union Bank of India Personal Loan: Types, Interest, Eligibility, Documents, How to Apply<\/title>\n<meta name=\"description\" content=\"Check this blog to know all about Union Bank of India Personal Loans. 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I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/#faq-question-1723448628024","position":1,"url":"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/#faq-question-1723448628024","name":"What is a Union Bank of India personal loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Union Bank of India personal loans are term loans offered by the bank. It can be used for multiple purposes. You can avail up to INR 15 lakhs at interest rates starting from 13.35% p.a and repay within 5 years.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/#faq-question-1723448633840","position":2,"url":"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/#faq-question-1723448633840","name":"How can I apply for a Union Bank of India personal loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You can apply for a Union Bank of India personal loan online via their official website. You can also collect the loan application form from the nearest bank branch or simply download it from our website and submit it along with documents.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/#faq-question-1723448645107","position":3,"url":"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/#faq-question-1723448645107","name":"Who is eligible for the Union Bank of India personal loan?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"A permanent or confirmed employee of a reputed organization in India is eligible to apply for UBI personal loans. They must have a minimum monthly gross salary of INR 15,000 (INR 20,000 for metro cities) and be at least 18 years old.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/#faq-question-1723448654624","position":4,"url":"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/#faq-question-1723448654624","name":"What is the interest rate on Union Bank of India personal loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Personal loans from Union Bank of India are offered at attractive interest rates, ranging from 13.55% p.a. to 15.45% p.a. The interest rates are based on EBLR (External Benchmark Lending Rate), premiums and the CIBIL score of the borrower.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/#faq-question-1723448663147","position":5,"url":"https:\/\/fly.finance\/blog\/personal-loan\/union-bank-of-india-personal-loans\/#faq-question-1723448663147","name":"Does Union Bank of India offer personal loans for students?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes. Students who wish to pursue higher education in India or abroad can avail of Union Bank of India personal loans for education. You can also utilise the loan amount for online courses.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=14489"}],"version-history":[{"count":2,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14489\/revisions"}],"predecessor-version":[{"id":14533,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/14489\/revisions\/14533"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/14493"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=14489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=14489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=14489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}