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Covid-19 has created a huge economical and financial implications all over the world including India. In order to counter the problems by Covid-19, various banks in India introduced Covid 19 personal loan schemes which would allow their customers to take care of their immediate financial needs and liquidity mismatch as the outbreak of coronavirus has affected business and made it difficult for people to take care of their financial needs.
Union Bank of India offers Union Covid-19 Personal Loan Scheme to its customers and allows them to take care of their immediate financial requirements.
Interest Rate | 7.20% p.a. |
Processing Fee | Nil |
You can avail this loan at affordable interest rate provided you meet the eligibility criteria. The documentation process is also minimal and easy. Given below are the details of the personal loan scheme:
Interest Rate | 7.20% p.a. |
Processing Fee | Nil |
You can apply for this loan scheme if you are facing any cash crunch. It is, however, recommended you compare the loan scheme with other similar loan schemes to check its suitability. If you are convinced the scheme meets your requirement, you can go ahead and apply for this loan scheme.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
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