Union Bank Personal Loan Interest Rate 2025

Union Bank of India, one of India's top public sector banks, provides a comprehensive array of personal loans tailored to suit your everyday requirements. With low interest rates, Union Bank simplifies borrowing, making it easier for common individuals to fulfil their financial needs.  

Key Highlights

• Interest Rate: 10.35% – 14.45% p.a.
• Processing Fees: Up to 1% of loan amount (max ₹7,500)
• Loan Tenure: Up to 5 years (co-terminus with retirement)
• Loan Tenure for Women: Up to 7 years
• Loan Amount: Up to ₹15 lakh
• Loan Amount for Women: Up to ₹50 lakh

What is Union Bank Personal Loan Interest Rate?

The Union Bank personal loan interest rate ranges from 10.35% - 14.45% p.a., depending on the scheme and applicant profile. Women professionals can also avail special schemes with higher loan amounts and competitive rates.

Union Bank Personal Loan Interest Rate 2025

You can follow these tables to know the interest rates of different personal loans in Union Bank:

Union Personal Scheme

Union Ashiyana Personal Loan Scheme

Union Women Professional Personal Loan Scheme 

Union Professional Personal Loan Scheme

Features Of Union Bank Personal Loans

Below is a list of all the features of personal loans being offered by Union Bank of India: 

• Flexible Loan Amount: Applicants can borrow loans ranging from ₹50,000 to ₹15 lakhs.
• Attractive Interest Rates: Competitive rates start at 11.10% annually to make repayment affordable.
• Flexible Repayment Tenure: You can select repayment periods of up to 60 months to suit your budget.
• Minimal Documentation: Hassle-free documentation process for quick approvals.
• No Collateral Required: Avail of unsecured personal loans without pledging any assets.
• Quick Processing: Fast disbursal of funds for urgent financial requirements.
• Balance Transfer Facility: Option to transfer your existing personal loan from another bank to Union Bank for better terms.
• Transparent Charges: Clear, upfront information about processing fees and other applicable charges.

Factors Affecting Union Bank Personal Loans

Several factors can impact your interest rate when applying for a personal loan with Union Bank of India. Understanding these can help you secure a better deal:

• Credit Score: The higher the credit score, the better the interest rate since it indicates the applicant's creditworthiness. 
• Income Stability: Low debt-to-income applicants tend to get lower interest rates since they are less risky for lenders.
• Loan Amount: The amount you want to borrow can affect the rate since more significant loan amounts can incur higher interest fees.
• Repayment Tenure: Your loan tenure influences your interest rate. Generally, longer tenures have slightly higher rates than shorter ones.
• Collateral: If you provide collateral for a secured personal loan, you may enjoy lower interest rates because the bank has increased security.
• Economic Factors: Market factors outside your control, such as inflation and general economic conditions, can cause personal loan interest rates to fluctuate.

Fees And Charges Of Union Personal Loan Scheme

The processing fee for Union Bank of India’s loan is 0.50% of the sanctioned loan amount, subject to a minimum charge of Rs. 500 + GST. However, employees of Government Organisations, Public Sector Undertakings (PSUs), and central or State Government departments are exempt from paying processing fees under this scheme.

Eligibility Criteria For Union Bank Personal Loan 

To avail of the personal loan from Union Bank of India, you should fall under these eligibility criteria:

Age Criteria

• Salaried Individuals: At least 18 years old.
• Self-Employed Individuals: A minimum age of 25 years old.
• Union Women Professional Personal Loan Scheme (UWPPL): Minimum age: 21 years for salaried applicants and 23 years for non-salaried applicants.
• Union Bank Ashiyana Personal Loan Scheme: Minimum age of 18 years and maximum age of 65 at the time of loan repayment
• Union Overdraft Scheme: Minimum age of 18 years and maximum age of 65 at the time of loan maturity. 

Credit Score 

Your CIBIL score should be 730 or higher, which means you should have a stable credit history to qualify for this personal loan. 

Documents Required To Apply For Union Bank Personal Loan

Before you apply for the loan, you need to collect the following documents:

• A fully completed and signed personal loan application form and necessary credit-related details.
• Two recent passport photographs of the applicant.
• KYC Documents for both the applicant and co-applicant, which include:
• Proof of Identity: PAN Card, Aadhaar Card, Passport, or Voter ID.
• Proof of Address: Acceptable documents include Aadhaar Card, Passport, Driving License, or Voter ID.
• Valid proof of business or office address (applicable to self-employed applicants).
• Bank account statements covering the last 12 months to verify financial transactions and income flow.
• For salaried professionals:
• Salary slips from the previous three months.
• Income documentation, including Income Tax Returns (ITR) or Form 16 for the last two financial years.

Union Bank Personal Loan EMI Calculator

The Union Bank Personal Loan EMI calculator is a convenient, user-friendly tool for estimating the total interest payable and monthly EMIs for personal loans. Users can enter crucial details of their potential home loan to understand their finances better and plan their future accordingly. 

Union Bank Of India Customer Care

The Union Bank Toll-Free Numbers for customers across India are as follows:

• Toll-Free Numbers: 1800 22 22 44 / 1800 208 2244 (You can dial these numbers from anywhere in India free of cost).
• Charged Helpline Number: 080-61817110 (Standard call charges are applicable if you contact using this number).
• Exclusive Contact for NRI Customers: +91-8061817110 (This number is especially for Non-Resident Indian (NRI) customers for guidance)

Final Word

The Union Bank personal loan interest rate 2025 varies by applicant type, income, and loan scheme. With flexible tenure and attractive offers, the Union Bank of India personal loan interest rate makes it a suitable choice for salaried, self-employed, women professionals, and pensioners.

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