·
Union Bank offers lower interest rates and flexible repayment tenure. The following table represents the interest rate and other charges of Union Bank Personal Loan:
Factors Affecting Interest Rate of the Union Bank
- Income: If you have a great salary then, bank will provide you a personal loan with lower interest rate.
- Employment: Being an employee of a reputed organization/ an MNC may get your loan with low-interest rates.
- Credit Score: If you have a good credit score ranging from 700 to 900 then, the bank will provide you with a loan at a low-interest rate.
- Relationship with the Bank: If you are an existing customer of the Union Bank then, the bank will offer you a personal loan with a low interest rate.
Benefits of availing Personal Loan from the Union bank
- Loan Amount: Union Bank offers loans up to 15 lakhs to Salaried Individuals and self-employed professionals.
- Interest Rate: Then the interest rate is affordable and there are no hidden charges.
- Repayment: The repayment of loan is flexible.
- Processing: Hassle-free process and fast loan approvals.
Conclusion: In the end, always check that you are eligible for Union Bank Personal Loan and have all essential documents beforehand. If you are availing for a personal loan in the Union Bank then you can visit the official website to check the Personal Loan Interest Rates. Compare the EMIs and Interest rates to get an affordable loan as per your requirements. If you have any queries or require more information you can visit the official website Afinoz.com.
