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  • City Union Bank Personal Loan

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  • City Union Bank offers personal loans at very attractive interest rates. You can avail a minimum loan amount of Rs.5,000.

    • Rate of Interest – 16.25% p.a.
    • Loan Amount – From Rs.5,000 to Rs.5 lakh
    • Loan Repayment Tenure – Up to 12 months
    • Processing Fee – 0.80% of the loan amount
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    Details of City Union Bank Loan

    City Union Bank offers personal loans against jewellery. That is, an applicant will be required to pledge some jewellery in order to get a personal loan from City Union Bank. 

    Loan Scheme  Interest Rate(Non-Agri-)  Loan Amount  Benefits 
    City Union Bank Personal Loan or CUB Personal  Minimum: 12.00% p.a.  Maximum: 12.50% p.a.  Minimum: Up to and including Rs.1 lakh  Maximum: More than Rs.15 lakh  Competitive interest rates, fees, and charges. 

     Why choose City Union Bank Personal Loans? 

    • Easy online eligibility check process. 
    • Lucrative interest rates. 
    • Flexible repayment options within the stipulated tenure. 
    • Nominal processing charges. 
    • Online application process. 
    • Online application tracking. 
    • Hassle-free application process. 

    Fees and charges

    • Processing charges: 1.10% of the loan amount subject to a minimum of Rs.250 
    • Unit inspection charges: Nil to Rs.10,000 p.a. 

    Eligibility criteria for City Union Bank Personal Loan 

    • Age: As per the eligibility criteria set by most lenders, the age of the applicant should be between 21 years and 60 years. However, it might differ from lender to lender. 
    • Income: The applicant should have a regular and steady source of income. 
    • Jewellery: The applicant will be required to pledge some jewellery in order to avail the loan. 

    Documents required 

    1)Proof of identity - The following documents can be provided as proof of identity: 

    • Passport 
    • Aadhaar card 
    • PAN card 
    • Driving license 
    • Election Commission Card or Voters’ ID 
    • Ration Card 
    • ID card issued by the employer or other banks 
    • Job card issued by NREGA 
    • A letter of referral issued by the Unique Identification Authority of India 
    • ID card issued by a recognised educational institution 
    • A letter of referral issued by a public authority or servant who is recognised 

    2)Proof of address- The following documents can be provided as a proof of identity: 

    • Passport 
    • Aadhaar card 
    • PAN card 
    • Driving license 
    • Election Commission Card or Voters’ ID 
    • Ration Card 
    • Job card issued by NREGA 
    • Latest electricity bill 
    • Consumer passbook issued by a gas agency 
    • Bank account statement 
    • Telephone bill (not more than 2 months old) 
    • Rent agreement with full address of the applicant (duly registered with the authority) 
    • A letter of referral issued by the Unique Identification Authority of India and so on 

    3) Documents to be executed - The following documents are required to be executed: 

    • Demand Promissory Note 
    • Quotation from the vendor 
    • Loan cum Hypothecation Agreement 

    FAQs on City Union Bank Personal Loan

    What is the repayment tenure for City Union Bank Personal Loan? 

    The repayment tenure for City Union Bank Personal Loan or CUB Personal Loan is 1 year. However, they offer various flexible repayment options within the tenure. 

    How to check the status of my City Union Bank Personal Loan? 

    A: In case the applicant has applied for the personal loan through the official website of City Union Bank, he or she can log in to the website to check the status of the loan. If the applicant has applied for the loan through BankBazaar, he or she can just log in to the BankBazaar profile and check the status of the loan. In addition to that, the applicant will also receive regular updates from BankBazaar through SMS and email about the status of the loan. 

    Do I need to provide collateral for City Union Bank Personal Loan? 

    A: Yes, you will be required to provide collateral for City Union Bank Personal Loan. The applicant will be required to pledge some jewellery against the personal loan. 

    How can I repay my City Union Bank Personal Loan? 

    A: You can repay your City Union Bank Personal Loan through monthly EMIs. You can use the ECS facility or use post-dated cheques for the same. 

    Is there a margin for City Union Bank Personal Loans? 

    A: Yes, the margin for City Union Bank Personal Loan is set at 25%, i.e. the applicant will be required to pay 25% of the loan amount from his own funds and the bank will take care of the remaining 75%. 

        

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    City Union Bank Personal Loan Reviews

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