UNION PERSONAL - SALARIED Loan

Interest rates on Union Bank of India personal loans start at an annual rate of 8.90% but may be higher depending on the type of applicant and the type of personal loan selected. Certain personal loan interest rates are available to applicants depending on the individual applicant's profile.

REPAYMENT TENURE 
 The maximum repayment period will be five years (60 months) subject to the condition that repayment should be co-terminus with retirement. 

 MORATORIUM 
 No moratorium period is allowed. The repayment shall commence from the succeeding month of the first disbursement of the loan. 

 SECURITY 
 No security, subject to the condition that the Spouse of the applicant must join as co-applicant. 

 GUARANTEE 
 In case borrower is single/widow/divorcee, then personal guarantee of one of the coemployee with sufficient means.