Union Bank of India Personal Loan of 4 lakh

Union Bank personal loan of 4 lakh is a versatile credit option. It can finance funds for medical emergencies, debt consolidation, weddings, home renovation, big purchases, and whatever else you desire, catering to diverse needs. It is further recognised as collateral-free lona. I.e., you aren’t required to pledge any of your assets as collateral to secure the fund. The bank also ensures eligible applicants can receive cash within 3 days, making it a more borrower-friendly personal loan. Moreover, you can expect lower interest rates, personalised repayment plans, easy-to-meet eligibility criteria, and online application. Let’s scroll down to learn more. 

Personal Loan Options for 4 Lakh in Union Bank

Here are the pertinent options people usually apply for a 4 lakh personal loan instant fund disbursement: 

• Debt Consolidation
• Home Improvement
• Medical Emergency 
• Marriage Function 
• Travel/Holiday Expenses 

Features of Union Bank 4 Lakh Personal Loan

Following are the applicable features of an instant 4 lakh loan from Union Bank:

• Loan Amount: Based on your financial profile, you can get a personal loan of up to ₹4 lakh or more.
• Loan Tenure: You can choose a tenure that suits your needs, ranging from 1 to 5 years.
• Interest Rates: You can secure a competitive interest rate, starting at just 9.25% per annum.
• Fund Disbursement: You can expect an instant fund disbursement, typically within 3 days. 

Can I Get a 4 Lakh Personal Loan Instantly From Union Bank?

You can swiftly secure a Union Bank personal loan of 4 lahks via Urban Money’s official website. This convenient online platform lets you compare different loan options, check your eligibility, and choose the most affordable loan. After you apply, a personal loan specialist from our team will reach out within a day to discuss your selected lender. They’ll address any questions and walk you through the loan process until the money is deposited into your bank account.

What Is the EMI for a 4 Lakh Loan?

Following are the 4 lakh personal loan EMI, with loan tenures ranging from 1 year to 5 years: 

Eligibility Criteria 4 Lakh Loan in Union Bank

4 lakh personal loan eligibility in Union Bank is as follows: 

• Age: The applicant should be at least 18 years old and a maximum of 60.
• Income: The applicant should have a minimum salary of ₹15,000 per month. 
• Credit Score: The applicant should have a positive repayment history and credit score. 
• Nationality: The applicant should be an Indian citizen.

Documents Required 4 Lakh Union Bank Loan

4 lakh personal loan documents in Union Bank are as follows:

• Proof of Identity: PAN card, Driving license, Passport, or Aadhaar card.  
• Proof of Address: Utility Bills, Ration Card, or Voter’s ID.
• Proof of Employment: Office/business address proof 
• Proof of Income: 3-month salary slip, 2-year form 16/income tax returns, and 12-month bank statement.
• Additional Documents: Duly filled application form, 2 passport-sized photos, and credit information. 

How to Apply for 4 Lakh Personal Loan From Urban Money

Here is the application process for a Union Bank personal loan of 4 lakh:

• Go to the Urban Money website.
• Tap on the “Loan” option located at the horizontal menu bar. 
• Opt for the “Personal Loan” category. 
• You’ll be landed on a new page titled “Personal Loan.”
• Scroll down to see the “Union Bank” and click the “Apply Now” button.
• A short online form will pop up on your screen.
• Fill in your name, mobile number, and city.
• You’ll receive a 6-digit OTP on your phone.
• Enter the OTP and hit the “Submit” button.
• A loan specialist from our team will contact you shortly.