• City Union Bank (CUB) Personal Loan Interest Rates

    Personal loans offered by City Union Bank (CUB) can be used for both agricultural and non-agricultural purposes. The City Union Bank personal loan can be obtained by pledging your jewels. You can get a loan amount of Rs.5,000 to Rs.5 lakh for a tenure of 1 year at an interest rate of 9.75% to 12.50% p.a.

    Particulars Salaried
    Interest Rate
    • Jewel loans (agri) - 9.75% p.a.
    • Jewel loans (non-agri) - 12% to 12.50% p.a.
    Processing Fee 0.50% of the loan amount
    Loan Tenure 1 year
    Loan Amount Rs.5,000 to Rs.5 lakh
    Salary/Income As per the lender’s terms and conditions
    Employment Status As per the lender’s terms and conditions
    Credit Score As per the lender’s terms and conditions
    Lowest EMI per Lakh Rs.8,885 at 12% p.a. for a tenure of 12 months
    Pre-closure Charges 2% of the pre-closure amount
    Part Payment As per the lender’s terms and conditions
    Overdue EMI Interest As per the lender’s terms and conditions

    *Please note that the rate of interest is subject to change at the discretion of the bank.

    Factors affecting Personal Loan Interest Rate

    4 main factors that affect the interest rate of your personal loan are:

    • Loan amount: The interest rate charged by the bank on your personal loan depends on the loan amount. Here is the interest rate for various personal loan amounts against jewels (non-agri):
    • For a loan amount up to Rs.1 lakh, the interest rate charged is 12% p.a.
    • For a loan amount of Rs.1 lakh to Rs.15 lakh, the interest rate charged is 12.25% p.a.
    • For a loan amount of up to Rs.15 lakh, the interest rate charged is 12.50% p.a.

    Use the personal loan EMI calculator to find out the monthly cost of your loan and based on the results, you can choose an affordable loan amount and loan tenure.

    • Loan tenure: CUB personal loan is available for a repayment period of 1 year. Usually, lenders offer lower interest rates for a longer loan tenure and higher interest rates for a shorter loan tenure. The overall interest paid over a long tenure will be higher than the interest paid in a short tenure.
    • Existing customers: CUB offers insta loans to customers. If you have an existing relationship with the bank, then you can negotiate with the bank officer for a better interest rate.
    • Repayment capability: Banks usually have various eligibility criteria for approving personal loans. Since CUB personal loan against jewels is a secured loan, the income criterion may not be stressed upon. However, it is advisable to ensure you meet the minimum requirements expected by the bank to ensure your loan application is approved.

    The other factors that affect personal loan interest rates include credit score and the nature of your job (self-employed or salaried).


    To help you understand how personal loan repayment works, here are two examples with different loan amounts.

    1. Mr. Indranil has a monthly income of Rs.25,000 takes a loan amount of Rs.1 lakh at an interest rate of 12% p.a. for a loan tenure of 1 year. Here is his loan repayment schedule.

    For Salary of Rs.25,000 Per Month

    Loan Amount Rs.1 lakh
    Processing Fee 0.50%
    Interest rate 12% p.a.
    Loan tenure 1 year
    Month Principal Paid(A) (in Rs.) Interest Paid(B) (in Rs.) EMI (A+B) (in Rs.) Outstanding Loan Balance (in Rs.)
    1 7,885 1,000 8,885 92,115
    2 7,964 921 8,885 84,151
    3 8,043 842 8,885 76,108
    4 8,124 761 8,885 67,984
    5 8,205 680 8,885 59,779
    6 8,287 598 8,885 51,492
    7 8,370 515 8,885 43,122
    8 8,454 431 8,885 34,668
    9 8,538 347 8,885 26,130
    10 8,624 261 8,885 17,507
    11 8,710 175 8,885 8,797
    12 8,797 88 8,885 0

    Principal loan amount - Rs.1,00,000

    Monthly personal loan EMI - Rs.8,885

    Total interest due - Rs.6,619

    Processing fee - Rs.500

    Total amount payable - Rs.1,07,119

    2. Mr. Lakshman has a monthly income of Rs.50,000 and takes a loan of Rs.3 lakh at an interest rate of 12% p.a. for a loan tenure of 1 year. The amortisation table for his loan repayment schedule is displayed below.

    For Salary of Rs.50,000 Per Month

    Loan Amount Rs.3 lakh
    Processing Fee 0.50%
    Interest rate 12% p.a.
    Loan tenure 1 year
    Month Principal Paid(A) (in Rs.) Interest Paid(B) (in Rs.) EMI (A+B) (in Rs.) Outstanding Loan Balance (in Rs.)
    1 23,655 3,000 26,655 2,76,345
    2 23,891 2,763 26,654 2,52,454
    3 24,130 2,525 26,655 2,28,324
    4 24,371 2,283 26,654 2,03,953
    5 24,615 2,040 26,655 1,79,338
    6 24,861 1,793 26,654 1,54,476
    7 25,110 1,545 26,655 1,29,366
    8 25,361 1,294 26,655 1,04,005
    9 25,615 1,040 26,654 78,391
    10 25,871 784 26,655 52,520
    11 26,129 525 26,654 26,391
    12 26,391 264 26,655 0

    Principal loan amount - Rs.3,00,000

    Monthly personal loan EMI - Rs.26,655

    Total interest due - Rs.19,856

    Processing fee - Rs.1,500

    Total amount payable - Rs.3,21,356


    1. What are the documents required to apply for a personal loan at City Union Bank?
    2. Along with a duly-filled application form, you will have to submit identity and address proofs when applying for a CUB personal loan.

      • ID proof – Aadhaar card, passport, PAN card, voter's ID, driving license, or ration card
      • Address proof - Aadhaar card, passport, voter's ID, driving license, telephone bill, bank account statement, electricity bill, or ration card
    3. If I don't have the above-mentioned ID proof or address proof, what other documents can I provide to apply for a CUB personal loan?
      • For identity proof, you can submit an ID card or confirmation obtained from your employer or other banks, a letter from a recoginised public authority or public servant like a Tahsildar or someone holding a higher rank, job card issued by NREGA signed by a state government officer, or a letter issued by the Unique Identification Authority of India.
      • For address proof, in addition to the documents mentioned above, you can also submit consumer passbook issued by a Gas Agency or a rent agreement.
    4. Do I need to provide guarantee when applying for a personal loan at CUB?
    5. No, as this personal loan is obtained by pledging your jewellery, the jewels act as guarantee or security.

    6. How to get in touch with City Union Bank for any queries or complaints?
    7. For any queries about your personal loan, you can contact the customer care centre of the bank by dialing 044-7122 5000. You can also visit the bank’s official website and clarify your queries by chatting with Lakshmi, the bank’s virtual assistant. Alternatively, you can also mail your grievance or complaint to customercare@cityunionbank.com or complaints_grievances@cityunionbank.in.

    8. Is there a way to check the status of my complaint with the bank?
    9. Yes, you can visit the bank's website (https://cubindia.net/ccmswebportal/complaintstatus.aspx), enter the complaint reference number, your mobile number, and captcha, and then click on 'Search' to get your complaint status.


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