Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Union Smile Loan is Rated as "Blown Away!" by 12 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    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

    Union Smile Loan Reviews

    • Union Bank of India Personal Loan
      0.5 5.0/5 "Blown Away!"
      I finally took the personal loan from Union bank of India. I went ahead with the bank because I got a better offer on the interest rate and the charges are normal. The process to get the loan is also great and the documentation is normal and the disbursement was as expected.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 27, 2017
    • Union Bank of India Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The response is really good with Union Bank of India. They have disbursed my personal loan within 10 days of time . They have offered me Rs.9,50,000 as a personal loan, the required loan amount has been given. The rate of interest is nominal. I got the loan for 10.65% interest rate which came under Pradhana manthiri budhi yojana. I am happy about the loan amount.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 10, 2017
    • Union Bank of India Personal Loan
      "Easy and quick loan experience "
      0.5 5.0/5 "Blown Away!"
      The rates and the calculation of interest is the speciality of this personal loan. The documentation is minimal and most details are with them since I am a staff account holder for about 5.5 years. The loan processing including the disbursal took place in a week. I have availed a personal loan from Union Bank of India which is calculated at 8% interest rate on simple interest basis.
      Was this review helpful? 3
      , kolkata
      Reviewed on May 23, 2016
    • Union Bank of India Personal Loan
      "great bank for loan facilites "
      0.5 5.0/5 "Blown Away!"
      I feel its an awesome service provided by Union bank related to the personal loan application.I like each and every step about the loan process.One of my friend who work their have assisted me very well.Union Bank service is good.They understand the customer very well and the behavior is awesome.
      Was this review helpful? 1
      , ranchi
      Reviewed on May 03, 2016
    • Union Bank of India Personal Loan
      "Need more flexible options..."
      0.5 4.0/5 "Great!"
      Last year I have taken my personal loan from Union bank of India. Their process was very fast I got my loan amount within 1 or 2 days. They offered good interest. Best thing they allow us to make a part payment. Processing charges are higher my suggestion is, it should be reduce.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 03, 2016
    • Union Bank of India Personal Loan
      "Need to speed up their service..."
      0.5 3.0/5 "Satisfactory"
      Interest part was similar in Union bank of India. I have taken the Personal loan from them. Documentary part was too lengthy. HDFC Bank was better compare to Union bank of India. Even the processing charges also higher side. Over all its fine.
      Was this review helpful? 7
      , varanasi
      Reviewed on Nov 07, 2015
    • Union Bank of India Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      The rate of interest for the car loan with the Union Bank of India is around 10.1%. There was some of the hundred Rupees as the processing charges. Loan amount disbursed within a week of time and it got happens before 3 to 4 days of time. There was no foreclosure charges like I can settle the loan after the first EMI.
      Was this review helpful? 3
      , pune
      Reviewed on Nov 02, 2015
    • Union Bank of India Personal Loan
      "Perfect bank for a corporate account holders "
      0.5 5.0/5 "Blown Away!"
      Since I a corporate account holder with UNION BANK OF INDIA took my personal loan from them. Recently I have taken this loan because they have offered me12.90% rate of interest with zero processing fees. My home branch is located in my native place.
      Was this review helpful? 1
      , jodhpur
      Reviewed on Oct 24, 2015
    • Union Bank of India Personal Loan
      "Union bank personal loan review"
      0.5 5.0/5 "Blown Away!"
      Based on my salary account UNION Bank of India , they have provided a personal loan to me.The interest rate offered by them was very less and also they managed to offer loan at a reduced interest rate. They did not ask for documentation fee and there was no verification for the same and they took around 2 days of time to provide the loan.
      Was this review helpful? 5
      , ernakulam
      Reviewed on Aug 22, 2015
    • Union Bank of India Personal Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      The loan experience was really good because I have my salary account with Union Bank of India.The customer service provided was really good and the loan amount disbursed within 7-10days and I didn't face any issue with the bank.I will surely recommend this bank for the loan process.
      Was this review helpful? 6
      , kolkata
      Reviewed on Jun 19, 2015
    • Union Bank of India Personal Loan
      "Really happy"
      0.5 4.0/5 "Great!"
      I am happy that Union Bank of India was ready to offer me the loan when I was in need of that. I hold a savings account with them, apart from that I also hold a fixed deposit with them worth rs 2 lakh based on that I guess, they have offered me a loan of one lakh immediately. Response is very good and they took around a week time to provide this loan.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Apr 30, 2015
    • Union Bank of India Personal Loan
      0.5 5.0/5 "Blown Away!"
      It was very easy for me to avail a personal loan from Union bank of India last month as I am an employee of the bank. They offered me a very good rate of interest around 10.25%. I was supposed to be taking the loan from another but I changed my mind and decided to avail the loan from UBI at the last moment. The documentation was very minimal and they disbursed my loan of rs5 lakhs in just 2 days of time. It was an excellent experience to me.
      Was this review helpful? 17
      , indore
      Reviewed on Nov 04, 2014
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