Union Bank of India Personal Loan of 2 lakh

A ₹2 Lakh personal loan from Union Bank can be your financial safety net for various needs. Whether you need to cover medical bills, tackle a home improvement project, or consolidate debt, this loan offers a solution. This guide simplifies the application process for both salaried and self-employed individuals. We'll detail the eligibility requirements, minimal documentation needed, and competitive interest rates. Empower yourself with the information you need to make informed financial decisions. Let Union Bank help you confidently achieve your financial goals.

Personal Loan Options For 2 Lakh In Union Bank

In need of a ₹2 Lakh personal loan? Union Bank has options to fit your situation!

• Salaried Individuals: Union Personal Loan offers competitive rates and flexible repayment terms tailored for your income stability.
• Self-Employed Professionals & Business Owners: The Union Personal Loan for Non-Salaried Individuals provides adaptable repayment plans considering your income flow.
• Women Professionals: Explore Union Women Professional Personal Loans, which might offer even more favourable interest rates or terms specifically designed for you.

Features Of Union Bank 2 Lakh Personal Loan

The features of a ₹2 Lakh personal loan from Union Bank include:

• Quick processing, with the potential for in-principal approval instantly online.
• An unsecured loan, not requiring collateral.
• Requires basic documentation like ID proof, address proof, income proof, etc.
• Competitive interest rates.
• Flexible repayment options, up to 5 years.
• Option to apply online for convenience.
• It can be used for various personal needs, from home renovation to travel expenses.

Can I Get a 2 Lakh Personal Loan Instantly From Union Bank?

Union Bank makes getting a personal loan quick and convenient. If you qualify and have your documents ready, you can get instant in-principle approval online. Once everything is verified and finalised, your loan funds can be in your hands within three business days. This streamlined process eliminates lengthy wait times often associated with traditional loan applications.

What Is The EMI For 2 Lakh Loan?

Following are the EMI that you may face while taking Union Bank of India personal loan of 2 Lakh at 11.35% interest p.a.

Eligibility Criteria 2 Lakh Loan In Union Bank

For a ₹2 Lakh loan from Union Bank, the eligibility criteria include:

• Indian resident
• Age: 18 to 60 years for salaried, 23 to 65 years for self-employed
• Stable income; for salaried, employed for a minimum period (often 1-2 years), and for self-employed, a steady business record
• Minimum income: around ₹15,000 for non-metro cities and ₹20,000 for metro cities.
• Good credit score (above 650 is recommended)

Documents Required 2 Lakh Union Bank Loan

For a ₹2 Lakh personal loan from Union Bank, you need:

• Identity proof (Aadhaar/PAN card)
• Address proof (Utility bill/Passport)
• Salary slips (last 3 months for salaried)
• Bank statement (last 6 months)
• ITR/Form 16 (last 2 years for self-employed)
• Proof of profession/employment

How To Apply For 2 Lakh Personal Loan From Uban Money

Get your 2 Lakh Union bank personal loan quickly with Urban Money’s easy application process:

• Click the link we provided to visit our website’s personal loan section.
• Look for the “Indusind Bank Personal Loan” option and click “Apply Now.”
• Enter your basic details like name, phone number, and city. Then, confirm your phone number with a one-time code (OTP).
• Once you submit the form, you’re all set! An Urban Money representative will contact you to collect any required documents.