Union Women Professional Personal Loan Scheme

Age

• Minimum entry age for salaried applicant should be 21.
• Minimum entry age for non-salaried applicant should be 23.
• Maximum exit age permissible for the scheme will be retirement age for salaried and 65 years for non-salaried.

CIBIL Score

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

Required Documents

• Proof of Identity - Passport,PAN card,Voter's Identity card and Driving license
• Proof of Address - Telephone bill,Ration card,Electricity bill and Any letter recognized by the public authority ,Rent agreement
• Bank Account Statement for the last 6 months
• Two latest salary slips/current dated salary certificate with the latest Form 16 Proof of End-use

Nature of Employment

• Healthcare,Accountancy, Audit,Wealth Management/Financial Services,Engineering, Architect, Interior Designing,Fashion designing,Art & culture,Coaching, Counselling,Photography, Film making,Beauty & cosmetics,Mass media, Communications, Publicity,Event Management,Legal Services,Education & Research and Aviation

Loan Processing Charges

• Nil

Features

• The maximum repayment period will be 7 years (84 months) subject to the condition that repayment should be co-terminus with retirement.
• Margin Nil
• Credit life insurance like “New Sampurna Loan Suraksha” up to the extent of sanctioned loan amount should be taken.
• Personal Guarantee of Spouse.
• In case borrower is single/widow/divorced, then personal guarantee of one of the co-employee / persons having means equivalent to the loan amount and minimum CIC score of 700 & above to be obtained.
• No moratorium period is allowed. The repayment should commence from succeeding month of first disbursement of loan.