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Highlights of City Union Bank Personal Loan |
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| Interest rates |
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| Loan amount |
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| Repayment tenure |
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| Processing Fees |
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Note: Interest rates as on 20th June 2024
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Table of Contents
City Union Bank Personal Loan Interest Rates
City Union Bank Personal Loan interest rates for loan applicants availing consumer loans and gold loan are as follows.
| Particulars | Rates |
| City Union Bank Instant Consumer Loan |
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| City Union Bank Instant Gold Loan | 9.70% p.a. |
Note that those wishing to avail personal loan from City Union Bank can also check and compare the unsecured personal loan interest rates offered by top lenders. Being unsecured in nature, the applicants do not need to provide any security nor do the lenders create any hypothecation on the products purchased through the personal loan proceeds. The tenures of unsecured personal loans usually go up to 5 years, with some lenders offering longer tenures of 7 years. Many lenders also offer pre approved instant personal loans to their select customers with good credit profiles. Such loans are usually disbursed within a few hours of making an application, with some lenders claiming to disburse instant personal loans within few seconds or minutes of loan approval.
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Comparison Table for Personal Loans Interest Rates offered by Top Banks/NBFCs
| Banks/NBFCs | Interest Rates(p.a.) | |
| Axis Bank | 11.25% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.99% onwards | Apply Now |
| HDFC Bank | 10.85% onwards | Apply Now |
| ICICI Bank | 10.85% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 11.99% onwards | Apply Now |
| Federal Bank | 12.00% onwards | Apply Now |
| DMI Finance | Up to 28% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 16.00% - 29.95% | Apply Now |
| MoneyTap | 13.00% onwards | Apply Now |
| Piramal Finance | 12.70% onwards | Apply Now |
| Aditya Birla | 10.99% onwards | Apply Now |
| Moneyview | 14%-36% | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
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Fees and Charges for Availing City Union Bank Personal Loan
| Particulars | Charges |
| Processing fees |
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| Other Charges (Instant gold loan) |
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Types of City Union Bank Personal Loans
City Union Bank Instant Consumer Loans
- Purpose: City Union Bank Consumer Loan enables loan applicants to finance their purchase of consumer durables including refrigerators, washing machines, television sets, etc.
- Loan Amount: Rs 25,000 to Rs 1 lakh (subject to the maximum of 10 times net take home pay for salaried employees and 50% of gross annual income declared in last ITR for non-salaried employees)
- Loan Tenure: 3 to 5 years
- LTV ratio: Up to 90% of the total cost of goods purchased
- Security: Hypothecation of consumer durables to be purchased out of bank finance
- Insurance: Compulsory insurance for the consumer durables purchased along with personal life insurance equivalent to the loan amount
City Union Bank Instant Gold Loans
- Purpose: City Union Bank Gold Loan enables loan applicants to procure funds for meeting their financial needs (except for agricultural purposes)
- Loan Tenure: Up to 1 year
- Loan Amount: Up to 75% of market value of collateral
- LTV ratio: Up to 75% of the market value of gold or 75% of value of gold ornaments as evaluated by the bank approved appraiser whichever is lower (in terms of gross weight) based on the scale of finance fixed by the bank
- Security: Pledging gold ornaments between 22 and 24 carats
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Eligibility Criteria for availing City Union Bank Personal Loan
City Union Bank Instant Consumer Loan
- Only individuals are eligible to avail loans under this scheme
- Minimum Age: 21 (for salaried) and 25 (for self-employed)
- Maximum Age: 60 years
- CIBIL Score: 700 and above
- Income criteria: Minimum monthly salary of Rs 15,000 (for salaried) and declared income of Rs 2.5 lakh (for self-employed)
City Union Bank Instant Gold Loan
The gold ornaments pledged for availing instant gold loan should be between 22 and 24 carats.
Individuals planning to avail personal loans from City Union Bank can check the unsecured personal loan eligibility criteria offered by other lenders.
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City Union Bank Personal Loan Documentation Required
City Union Bank Personal Loan applicants availing instant consumer loans and instant gold loans need to submit the below mentioned documents:
ID proof
- Aadhaar card
- Passport
- PAN card
- Voter’s identity card
- Driving license
- Ration Card
- Identity card/confirmation from employer or other bank (subject to the branch’s satisfaction)
- ID card issued by recognized educational institutions
- Letter from a recognized public authority or public servant (not below the rank of the Tahsildar) verifying the identity and residence of the customer to the satisfaction of Bank
- Job card issued by NREGA duly signed by an officer of the State Government
- Letter issued by UIDAI (Unique Identification Authority of India) with details of name, address & Aadhaar number.
Address proof
- Aadhaar card
- Passport
- Voter’s Identity card
- Driving license
- Telephone bill (not older than 2 months with installation at least before 6 months)
- Bank account statement
- Letter from a recognized public servant or public authority (not below the rank of Tahsildar) verifying the customer’s identity and residence to bank’s satisfaction
- Electricity bill (latest)
- Ration card
- Letter from employer (subject to bank’s satisfaction) ID issued by Postal Authorities
- Job card issued by NREGA and duly signed by a state government officer
- Letter issued by UIDAI (Unique Identification Authority of India) with details of name, address & Aadhaar number.
- Consumer Pass Book issued by Gas Agency
- A rent agreement indicating the address of the customer duly registered with State Government or similar registration authority
Loan applicants planning to avail personal loans from City Union Bank can also look at the documentation required for unsecured personal loans offered by other lenders.
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