Union Bank of India Personal Loan of Rs. 3 Lakh

Do you need immediate financial assistance? Union Bank's ₹3 Lakh personal loan program offers a convenient and accessible solution. This comprehensive guide empowers you to navigate the application process with ease. We'll detail the process of online application and the quick disbursal process. This information lets you make informed financial decisions and confidently address your immediate needs.

Personal Loan Options For 3 Lakh In Union Bank

Union Bank has options to fit your situation. 

• Salaried individuals can explore the Union Personal Loan, which is known for its competitive rates and flexible repayment terms.  
• Self-employed professionals and business owners have the Union Personal for Non-Salaried Individuals, which is designed for their income patterns. 
• Union Bank offers targeted programs like the Union Women Professional Personal Loans, potentially featuring even more favourable terms. 

Features Of Union Bank 3 Lakh Personal Loan

The features of a ₹3 Lakh personal loan from Union Bank include:

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

Can I Get a 3 Lakh Personal Loan Instantly From Union Bank?

Union Bank makes getting a personal loan a breeze. If you qualify and have your documents ready, you can get instant in-principle approval online. Once everything is verified and finalised, you’ll receive your funds within 3 business days.

What Is The EMI For 3 Lakh Loan?

Following are the EMI that you may face while taking Union Bank of India personal loan of 3 Lakh at 11.35% interest p.a.

Eligibility Criteria 3 Lakh Loan In Union Bank

For a ₹3 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 3 Lakh Union Bank Loan

For a ₹3 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 3 Lakh Personal Loan From Uban Money?

Get your 3 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.