Union Smile Loan

What is Union Smile?

Union bank is one of the biggest government-owned banks in India with the government owning about 60.13% of its capital shares. The bank has assets over USD 13.5 billion and is listed under Forbes 2000. It has representative offices in Abu Dhabi, United Arab Emirates, Beijing, and People’s Republic of China, London, Shanghai, Sydney, Dubai, Hong Kong and Antwerp, Belgium. The bank offers a wide range of financial products and services such as loans, accounts, cards, investment plans and much more.

Union smile is a personal loan specially designed for Indian residents to suit their short term personal financial needs like emergency expenses. The loan ensures that all your emergency financial needs such as bill payments, unforeseen medical expenses, school fees, etc are met in time. The loan comes with a low eligibility criteria and offers high loan amount.

Purpose of Union Smile

The purpose of the loan is to help individuals meet their short term financial needs such as emergency financial expenses. The emergency financial expenses can be anything from an unforeseen medical expense to paying your bills on time. It helps the customer meet short term financial goals.

Eligibility criteria for Union Smile Loan

Given below is the eligibility criteria for Union Smile Loan

• Must be an Indian citizen
• Must be above the age of 21 years
• The loan is available to salaried individuals who have a salary account with Union Bank
• It is also available for pensioners who draw pension from Union Bank

Features of Union Smile Loan

Listed below are the features of Union Smile

• Personal loan plan designed to offer finance for short term financial needs
• Available to any Indian citizen above the age of 21 years
• Available for pensioners
• Offers high loan amounts
• Entire overdraft amount plus interest to be recovered from next month's salary / pension.
• Offers a fixed rate of interest of 17.40%
• Margin- Maximum of 90% of one month's salary / pension
• Hassle free application process
• Minimum documentation
• There is no security or guarantee required for this personal loan
• No need for insurance
• No processing fee is charged on the loan
• Flexible repayment period
• Can be applied for online
• Dedicated team of customer service

Documents required to apply for Union Smile

Listed below are the documents required to apply for Union Smile

• Application form
• Proof of Identity
• Address proof
• PAN card
• Bank statement of the last 12 months
• 3 photographs
• Proof of out goes for loan repayment and any other out-go