UNITED BANK OF INDIA offers personal loan at the lowest amount of rate. It has a different interest rate for women. The eligibility criteria is so simple and the loan approves so fast. Applicant can easily avail this loan at lowest interest and less processing fee. An applicant can borrow maximum 2 lakh.
Eligibility of UBI Personal Loan
- Minimum age of 21 years and maximum age of 55 years.
- Applicant should be salaried.
- Employed for at least 2 years.
- Minimum income 25,000 per month
- Applicant should be INDIAN..
- Minimum CIBIL score 650
- Pan Card
- Aadhaar Card
- Voter’s ID
- Passport Size Photo
- Salaried : Last 3 years of PAYSLIPS, 6 months salary account bank statement.
- Most recent salary certificate with Form16.
- Installments applicant is currently paying , all the numbers of credit cards and credit limit applicant has.
UBI Personal Bank on EMI – Interest Rates, Other Charges
|
Rate of Interest |
Men-14.20% women-13.95% |
|
Loan Amount |
2 lakhs |
|
Processing Fee |
1% |
|
Minimum Income |
20,000 |
|
Loan Tenure |
36 months |
|
Foreclosure Charge |
NIL |
|
1 year MCLR rate |
9.45% |
|
Disbursal Time |
4-7 days |
UNITED BANK OF INDIA Personal Loan Interest Rates
|
Particulars |
Salaried |
|
Interest rate |
For working women: 1 year MCLR + 5.15% = 14.55% p.a. (0.25% concession) |
|
Loan Amount |
Maximum of Rs.2 lakh or 10 months’ gross salary, whichever lower. |
|
Loan Tenure |
Maximum: 36 months. |
|
Lowest EMI |
Not applicable. |
|
Processing Fee |
1% of the loan amount sanctioned. |
|
Age |
Not more than 60 years by the time the loan is fully repaid. |
|
Prepayment/Foreclosure Charges |
No charge. |
Factors affecting United Bank Of India Personal loan rates
- Loan Tenure- The loan tenure always matters when the time is short interest rate will be higher and when the tenure is longer the interest rate become low.
- Relationship with BANK OF INDIA- People with whom who are doing a great business the interest rate will be negotiable for them.
- Age- If the applicant is more than 25 years old interest rate will be lower.
- Gender- The interest rate will be lower if the applicant is woman.
