United Bank of India offers two personal loans – one for salaried employees and one for pensioners. The eligibility criteria for these loans are as follows:
Effective 1 April 2020, United Bank of India has merged with Punjab National Bank and PNB will become the second largest lender of the country. For now there are no changes in Account Number and IFSC Code. For more information checkout Punjab National Bank Eligibility Calculator.
United Personal Loan Scheme For Salaried Persons
|Interest Rate||13.95% p.a. (working women); 14.20% p.a. (other salaried employees)|
|Loan Amount||Up to Rs.2 lakh or 10 months’ gross salary|
|Loan Tenure||36 months|
|Processing Fees||1% of the loan amount|
United Personal Loan Scheme For Pensioners
|Interest Rate||13.40% p.a.|
|Loan Amount||Up to Rs.10 lakh|
|Loan Tenure||Up to 48 months|
|Processing Fees||1.18% of the loan amount|
No, the reason for which you wish to borrow a loan should not play any role in you receiving approval for a personal loan.
Opting for a longer repayment tenure may help you borrow more since the monthly repayments will be lower, thus reducing your EMI to net monthly income ratio.
No, there is no margin that is applicable. Thus, borrowers will be able to avail complete funding.
At the time of borrowing a personal loan from United Bank of India, the borrower’s age should be such that the loan amount is repaid in its entirety before the concerned individual attains 75 years of age.
The lender does not levy any pre-payment charges.
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