Union Bank Small Personal Loan

Do you have financial concerns? Worry not! Union Bank’s small loans online are here to boost your financial needs. Whether you are considering taking care of unexpected expenses or achieving personal goals, Union Bank small loans will tackle your financial troubles and provide hassle-free assistance. Moreover, these loans are flexible, simple, easy to access and straightforward. Easily accomplish your financial goals with the convenience of online applications. The following sections provide a comprehensive overview of Union Bank’s online small loans.

Features of Union Bank Small Personal Loans

Union Bank small loan comes with unique features, some of which are listed below:

• Get up to INR 5 lakhs for first-time borrowers and up to INR 15 lakhs for existing borrowers with satisfactory repayment records of 2 years.
• There is a flexible repayment tenure option.
• There is no need for security.
• Use the loan to cover certain expenses such as marriage, purchase of consumer durables, travel, or holidays.
• Dedicated numbers for assistance and grievance redressal.

Union Bank Small Personal Loans Interest Rates

Understanding the interest rates when considering a Union Bank small personal loan is important. Union Bank offers personalised rates based on the borrower’s profile. Check out the breakdown of the rates below:

Eligibility of Union Small Personal Loans 

While checking for Union Bank small personal loan eligibility, keep in mind these key points:

Documents Required for Union Small Personal Loans

If you plan to apply for a Union Bank small personal loan, make sure you have the following documents on hand to ensure a smooth process:

• KYC Documents: ID Proof (Passport/PAN/Aadhaar/Voter ID)
• Address Proof: Voter ID/Driving license/Passport
• Income Proof: Bank statement for the past 12 months.

For salaried individuals, the last 3 months’ salary slips and the last 2 years’ ITR/Form 16.

• Employment Proof: Business or Office Address Proof
• Photograph: Two latest passport-sized photographs
• Loan Application Form: Complete and duly filled application form and credit information.

Why Union Bank Small Personal Loans?

There are many reasons to consider getting a Union Bank small loan:

• Simple and accommodative eligibility
• Instant loans with minimal documentation
• Fast loan credit
• Low interest rates
• Zero hidden Charges
• Longer loan tenure up to 84 months
• No minimum loan amount
• Hassle-free and no security required

How to Apply For Small Personal Loans Online?

Urban Money offers a hassle-free and tailored loan application process for quick approval. The following are step-by-step instructions for applying for Union Bank small loans on Urban Money:

Step 1: Check Eligibility

• Visit urbanmoney.com
• Click on the Personal Loans section
• Go through the eligibility criteria

Step 2: Keep Required Documents Ready: Prepare the necessary documents, including proof of identity (ID card, passport), income proof (pay slips/bank statements), address proof (voter ID/driving license/passport), and employment verification (employment letter/tax returns).

Step 3: Fill Online Application Form 

• Click on the provided application link or button
• Complete the application form accurately with your personal information, financial details, and loan requirements
• Submit the required documents

Step 4: Review & Submit

• Review the terms and conditions of the loan
• Review your application, click submit and wait for approval