Here I am providing complete information related to Personal Loan of Union Bank of India:

Eligibility to Apply for Personal Loan:
Should be from the salaried class, having regular source of income and having salary account with our bank.

The applicant has reasonable residual service to ensure that the entire loan is repaid one year prior to retirement

Quantum of Loan:
New/first time borrowers
Rs 5.00 lakh

Existing borrowers with a satisfactory repayment record of 2 years
Rs 10.00 lakh

Margin, i.e. Your share:
Nil

Moratorium Period:
Nil

Repayment:
Maximum repayment tenure is to be the earlier of the following:
5 years
One year prior to retirement

Processing Charges:
Processing charges are 0.50% of the loan amount, subject to a minimum of Rs. 500 plus service tax

Security:
No security other than the guarantees and undertaking from employee.

Guarantee:
2 Guarantees are required.*

Rate of Interest:
Union Personal – For Salaried individuals 14.40% (fixed)
Union Personal – under Tie-up 13.40% (fixed)
Union Personal – For Housing Loan Borrowers (1Y-MCLR + 2.15)% = 10.55%
Union Personal – For employees of Government
organisations/PSUs & Central/State Government 13.50% (fixed)
undertakings under Non Tie-up
Union Personal – For Non - Salaried individuals 14.40% (fixed)