Union Bank of India Personal Loan of 6 lakh

Union Bank personal loan of 6 lakh is a flexible credit option. As it is a collateral-free credit option, you can secure the necessary funds without the need to pledge any collateral to the bank. The bank further ensures eligible applicants can expect the funds to be disbursed within 3 business days, making it ideal for those who require urgent financial assistance. Since the loan application process has become completely digital, you can also apply for and obtain cash online, eliminating the need to visit bank branches physically. Moreover, the bank offers competitive interest rates, lower processing fees, personalised repayment plans, and easy-to-meet eligibility criteria. For more detailed information, keep scrolling down. We present a complete overview of the instant 6 lakh loan from Union Bank. 

Personal Loan Options for 6 Lakh in Union Bank

Let’s take a look at the major option people usually apply for a Union Bank personal loan of 6 lakh: 

• Medical Expenses: The loan can cover unexpected medical expenses, including hospital bills, surgeries, and the purchase of high-cost medications.
• Home Renovation: The loan can finance a makeover, repair, or extension of your existing home.
• Debt Consolidation: The loan can merge multiple high-interest debts into a single loan with a lower interest rate.
• Weddings: The loan can cover marriage-related expenses, including the venue, catering, attire, and other significant costs.
• Vacations: The loan can fund travel, accommodation, and activities for a dream holiday, providing the means to pay over time.
• Education: The loan can help you invest in your future through further professional courses or higher studies. 

Features of Bank 6 Lakh Personal Loan

Following are the applicable features of a 6 lakh personal loan with instant approval: 

• The annual interest rate begins at as low as 9.25%.
• The loan durations can reach up to 60 months.
• The application process is convenient, fast, and entirely online.
• The loan terms and repayment plans can be tailored to fit the borrower’s needs.
• The funds are available without the need for any collateral or security. 

Can I Get a 6 Lakh Personal Loan Instantly From Union Bank?

Urban Money enables you to obtain an instant 6 lakh loan from Union Bank. Being a leading fintech platform in India, Urban Money provides a wide selection of loan and credit offerings from more than 50 lenders, including Union Bank. You can also compare different credit solutions, evaluate your eligibility, calculate your anticipated monthly payments, and select the most suitable option for your requirements. Following this, a personal loan specialist from our team will guide you through the application steps until the loan sum is deposited into your account, typically within 24 business hours.

What Is the EMI for a 6 Lakh Loan?

The expected 6 lakh personal loan EMI, varying loan tenure from 1 year to 5 years, are as follows: 

Eligibility Criteria 6 Lakh Loan in Union Bank

6 lakh personal loan eligibility with Union Bank is as follows: 

• Age Limit: You must be between 18 and 60 years old. 
• Income Requirement: You must have a monthly income of at least ₹15k to ₹20k, based on your residence. 
• Credit Score: You must have a good credit score and a positive repayment history. 
• Nationality: The applicant must be an Indian citizen.

Documents Required 6 Lakh Union Bank Loan

6 Lakh personal loan documents with Union Bank are as follows: 

• KYC Documents: PAN card, Driving license, Passport, Aadhaar card, Utility bills, etc.   
• Employment Documents: Employment, office address, or business proof. 
• Income Documents: Last 3-month salary slip, 2-year form 16/income tax returns, and 12-month bank statement.

How to Apply for 6 Lakh Personal Loan From Urban Money

To apply for a Union Bank personal loan of 6 lakh, you need to follow the steps given below:

• Go to the official Urban Money website.
• Click on “Loan” and choose the “Personal Loan” option.
• You’ll be taken to a page titled “Personal Loan,” which displays a selection of top banks in India.
• Find the “Union Bank” logo and click the “Enquire Now” button.
• A short digital form will appear on your screen; fill in your name, mobile number, and city.
• A 6-digit OTP will be sent to your mobile phone. Enter this OTP and hit the “Submit” button.
• A loan specialist from our team will contact you within a day to guide you through the process until the funds are credited into your account.