हिंदी में पढ़े
United Bank of India personal loan is the solution to all the instances in life when you need money. You can avail this loan to deal with a medical emergency or fulfill your dream of getting married, going on a vacation, buying a gadget or renovating your home. The United Bank of India Personal Loan is easy to apply and can be applied online from the comfort of your home.
Features and Benefits
Below are the key features of the United Bank of India personal loan:
- Availability: United Bank of India personal loan is available to any Government employee, private corporate employee or pensioner.
- Loan amount: The eligible loan amount depends on the type of organization you are working for. The bank has categorized the organizations into three major groups A, B and C. The employees of group A can avail the loan up to 15 lakh, subject to other eligibility criteria. The similar limit for group B and group C is Rs. 10 lakh and Rs. 5 lakh respectively.
- Easy to apply: The entire process of loan application is online. You can select the appropriate personal loan for you out of three choices available: Government Employee, Private sector employee or Pensioner.
- Attractive interest rate: The interest rate is one of the lowest in the personal loan category. The rates are also transparent, based on documents received by the bank.
Interest Rates of United Bank of India Personal Loan
The interest rates for a United Bank of India personal loan depend upon “Check-off” documents it receives from you and your employer. Below table shows Check-off wise interest rate for your ready reference.
| With Full Check Off | MCLR-Y+3.00% = 11.80% per annum |
| With Partial Check Off | MCLR-Y+3.50% = 12.30% per annum |
| Without Check Off | MCLR-Y+4.00% = 12.80% per annum |
Kindly note, based on the change in MCLR, there may be an increase or decrease in the interest rate chargeable to your personal loan.
Comparison Table of Personal Loan Interest Rates offered by Various 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 |
EMI Calculation
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Personal Loan at Attractive Interest Rates Apply Now
Additional Charges of United Bank of India Personal Loan
Below table provides the snapshot for fees and charges of United Bank of India fees and charges.
| Type of Charges or Fees | Amount or Percentage of Charges |
| Processing Fees | 1.18% of the loan amount.
There may be waiver or concession in the processing fee on specific festival or time period. No processing fees are applied for availing OD under a personal loan. |
| Cheque Bounce Charges | As per charge schedule for a current / savings account of the bank |
| Prepayment Charges | As per Prevailing policy of United Bank of India.
No prepayment charges for Pensioners’ personal loan. |
Eligibility Criteria:
The United Bank of India provides a personal loan based on your employer category and monthly income. Below are the basic criteria for United Bank of India personal loan eligibility.
| Applicant | The applicant must be a government or private sector employee or pensioner.
The applicant’s organization must be qualified as per Group A, B or C as per norms of United Bank of India. |
| Monthly Income Criteria | After payment of existing and new loan EMI, the net saving should be minimum 40% of monthly salary. |
| Eligible Loan Amount | Rs. 15 Lacs for the employees of Group A organization.
Rs. 10 Lacs for the employees of Group B organization. Rs. 5 Lacs for the employees of Group C organization. Above limit is further capped to 10 months’ gross monthly income of the applicant. |
| Minimum Age | 21 Years |
| Maximum Age | 65 Years |
| Employers’ undertaking | The undertaking in the prescribed format by the bank( For EMI and outstanding deduction from salary or benefits) |
Documents Required:
United Bank of India offers you a personal loan based on the document you submit. However, you don’t have to submit the documents physically. All you need is to upload the documents on the official portal of the bank.
| Mandatory Document | PAN Card |
| Current Residential Proof | Passport, AADHAR Card, Ration Card, Voter ID, Driving License, (Only one document) |
| Income Proof | Bank statement of the last six months (The bank account must be salaried account or Pension Account).
Last three months’ payslips Copy of pension order in case of Pensioners’ personal loan. |
| Employment Proof | I-card issued by the Government or private sector employer.
Continued service letter from the employer, in specific cases. |
| Guarantor’s Documents | Any document showing current address and identity of the guarantor.
Any document showing a relationship with the applicant. |
Frequently Asked Questions
Ques. What is the employment criterion to avail the United Bank of India personal loan?
Ans: The employment criterion is as follows:
- You must be the employee of any of the organizations of Group A, B or C as prescribed by the bank.
- You must have completed one year or more in your current organization before you can apply for a loan.
- Your loan’s repayment period must be covered before your retirement.
Ques. What is the security requirement for United Bank of India personal loan?
Ans: United Bank of India requires the spouse to be co-applicant or co-borrower in the personal loan application. There is no requirement of security of any assets in the personal loan.
Ques. What are the contact details of the United Bank of India to apply for a personal loan?
Ans: You can call on 1800-345-0345 or 0224-042-9100 for any query regarding the United Bank of India personal loan.