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Disclaimer: Unity Small Finance Bank is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Unity Small Finance Bank for personal loans. No offers/services from Unity Small Finance Bank are being provided by Paisabazaar for personal loans. For further information about Unity Small Finance Bank for personal loans, users are required to reach out directly to Unity Small Finance Bank.
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Unity Small Finance Bank Personal Loan Highlights |
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| Interest rate | Min. APR- 16.00% p.a. Max. APR- 30.00% p.a. |
| Loan amount | Up to Rs 5 lakhs |
| Repayment Tenure | 6 months to 3 years |
| Processing Fee | Up to 3% of the loan amount |
Note: Updated as of 3 February 2025
Unity Small Finance Bank Personal Loan Interest Rate
Personal Loan
Unity Small Finance Bank has not disclosed the personal loan interest rates. However, the small finance bank has specified the Annual Percentage Rate (APR) starting @ 16% p.a. The APR of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the documentation fees, processing fees and other fees charged during the loan origination.
| Type | Interest Rate (p.a.) |
| Minimum APR | 16.00% |
| Maximum APR | 30.00% |
Here is the list of personal loan 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 |
Fees and Charges of Unity Bank Personal Loan
Foreclosure Charges
| Months on Board (MOB) | Charges plus GST |
| After 12 months post the lock-in period | 3% of the principal outstanding |
| Within the first 12 months post the lock-in period | 5% of the principal outstanding |
Partial Preclosure Charges
| Particulars | Charges plus GST |
| Partial Preclosure Charges | 5% of the principal being repaid + GST Or as rolled out by the Bank and intimated to the customer |
Other Fees & Charges
| Particulars | Charges |
| Processing Fees | Up to 3% of the loan amount |
| Cheque Bounce Charges | Rs 500 |
| Stamp Duty Charges | Payable as per actuals by the customer |
| Cheque Swap Charges | Rs 1,500 |
| Penal Charges | 36% p.a. on the overdue amount for the default period |
| Insurance (Credit Shield) | If opted by the borrower voluntarily, As per the guidelines of the Insurer |
| Amortization schedule statement/ Statement of Accounts/Duplicate No-Dues/Foreclosure statement charges/NOC charges | One request per year is free Rs 100 for every additional request + GST |
| Loan cancellation/fees | Nil; the cancellation is allowed only within the cooling off period (Only applicable interest and upfront fees to be retained) |
| Recovery/collection charges | Rs 300 per visit + GST |
| E-Mandate Failure Charges | Rs 500 + GST |
Features of Unity Bank Personal Loan
- Purpose: Prospective personal loan borrowers can avail Unity Bank Personal Loan for any purpose such as marriage, office renovation, or medical emergencies, other than speculative purposes.
- Loan amount: Rs 1 lakh to Rs 5 lakhs
- Tenure: 6 months to 3 years
Eligibility Criteria for Unity Bank Personal Loan
Unity Small Finance Bank considers the credit score, age and monthly income of its applicants while evaluating their personal loan eligibility
- Age: 23-55 years
- Minimum Monthly Income: Rs 20,000 per month (Rs 2.40 lakhs annually)
- CIBIL Score: 675 or higher
Unity Small Finance Bank Personal Loan Documents Required
Stated below are the personal loan documents required for availing a personal loan from Unity Small Finance Bank.
- Aadhaar Card
- PAN Card
- Bank Statement Details of last 6 months