Union Personal- Salaried Individual other than Government Employee

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Union Personal- Salaried Individual other than Government Employee

Get personal loans for salaried individuals with no margin, no security, and flexible repayment options. Quick processing and competitive interest rates.

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Details for Union Personal- Salaried Individual other than Government Employee

Union Personal loan for salaried individuals (excluding government employees) offers flexible repayment terms, up to 60 months. With no margin and no security required, the loan ensures easy access. Repayment starts the month after loan disbursement. A co-applicant (spouse or co-employee) is required for security. This loan is ideal for individuals looking for fast financing with competitive interest rates ranging from 11.25% to 14.95%.

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Loan Amount

Minimum Amount – No limit Maximum quantum Scheme A (tie-up) - Rs.15.00 Lakh. Maximum quantum Scheme B (tie-up)- New/first time borrower - Rs.5.00 lakh and Existing borrower with a satisfactory repayment record of 2 years - Rs.15.00 lakh

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Interest Rate

11.25% to 14.95%

Age

  • Minimum – 18 years.
  • Maximum – One year prior to retirement age.

CIBIL Score

  • A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Nature of Employment

  • Permanent/confirmed employees of reputed Pvt. institutes/organizations in India

Minimum Monthly Income

  • Minimum monthly gross salary of Rs.15000 p.m. (Rs.20,000/- for Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad & Pune).

Features

  • Margin Nil
  • The maximum repayment period will be Five years (60 months) subject to the condition that repayment should be co-terminus with retirement.
  • No moratorium period is allowed. The repayment shall commence from succeeding month of first disbursement of loan.
  • No security, subject to the condition that Spouse of the applicant must join as co-applicant.
  • In case borrower is single/widow/divorcee, then personal guarantee of one of the co-employee with sufficient means.

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Union Personal- Salaried Individual other than Government Employee EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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