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  • United Personal Loan for Pensioners Reviews

    • United Bank Personal Loan
      "Its Average"
      0.5 2.0/5 "Expected more"
      United Bank of India interest was high for the loan product, I had taken amount of Rs. 3 lakhs for a tenure of five years. After seven months of EMI, I had done the foreclosure without any charges and I got my NOC from the bank. But still they should give some more offers.
      Was this review helpful? 0
      , midnapore
      Reviewed on Apr 28, 2017
    • United Bank Personal Loan
      "Better!!!!"
      0.5 3.5/5 "Pretty good"
      From United Bank Of India I availed my personal loan. I had a good experience. They offered me a good interest rates. Since I have a salary account with them, I has a discount in processing fee. No extra documents were collected. The behavior and their service was good.
      Was this review helpful? 4
      , burdwan
      Reviewed on Aug 03, 2015
    • United Bank Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      I have taken a Cash Credit Loan From United Bank Of India... It is a nationalized bank. I am very happy to say that the customer service is really good. I have a Savings Account too in United Bank Of India since 1983. The rate of interest and processing fee are as fixed by RBI and nominal. I am very much satisfied.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jul 09, 2015
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    United Personal Loan for Pensioners is Rated as "Pretty good" by 3 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    United Personal Loan for Pensioners

    Overview about United Personal Loan Scheme for Pensioners

    Your life after retirement is usually not completely free of responsibilities. There will be times when you are need of money, such as to pay medical bills or to pay for your child’s wedding. United Bank of India understands and respects this which is why they offer a loan scheme designed specifically for pensioners.

    Perfect Personal Loan Deals for you

    Features & Benefits of United Personal Loan Scheme for Pensioners

    Maximum loan amount: The highest amount that can be availed as loan with this scheme is Rs 2 Lac, subject to 12 months' gross pension.

    Margin: nil

    Repayment:

    • If the pensioner is less than 70 years old, the loan can be repaid in a maximum of 48 EMIs.
    • If the pensioner is more than 70 years old, the loan can be repaid in a maximum of 36 EMIs.
    • The repayment schedule of borrowers will be planned out in a way that the EMI and other deductions together will not be exceed 40% of the gross monthly pension.

    United Personal Loan Scheme for Pensioners Interest rates

    For Pensioners MCLR-Y+4.65% i.e. 14.10%

    United Personal Loan Scheme for Pensioners Eligibility

    Only those pensioners who fall in the following category are eligible for this loan:

    Pensioners of Central and State Governments' Undertakings, Central and State Governments, Defence Services, Educational Institutions (Universities, Institutes, Schools and Colleges) and reputed Companies. Those who draw pension from any Branch of United Bank of India are also eligible for this loan.

    When the borrower avails the loan, his/ her age must be such that he/ she will be able to repay the entire amount before the age of 75 years is attained.

    Other Fees and Charges

    Processing Charge 1.00% of the loan amount sanctioned

    United Personal Loan Scheme for Pensioners FAQs

    1. What is the interest rate that will be charged on the United Personal Loan Scheme for Pensioners?

      The interest rate will be charged on the MCLR system: MCLR-Y+4.65% i.e. 14.10%

    2. What is the maximum period for repayment?
      1. If the pensioner is less than 70 years old, the loan can be repaid in a maximum of 48 EMIs.
      2. If the pensioner is more than 70 years old, the loan can be repaid in a maximum of 36 EMIs.
      3. The repayment schedule of borrowers will be planned out in a way that the EMI and other deductions together will not be exceed 40% of the gross monthly pension.
    3. What is the maximum age that a borrower can be to avail a loan with this scheme?

      When the borrower avails the loan, his/ her age must be such that he/ she will be able to repay the entire amount before the age of 75 years is attained.  

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