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Union Bank of India Personal Loan 2026

Interest rate, eligibility, documents & fees

Interest Rate
8.9%–13.5%
Loan Amount
Up to ₹15 lakh
Tenure
12–60 mo

Union Bank of India Personal Loan — Key Details

Last reviewed August 2026

Interest rate
8.9% – 13.5% p.a.
Loan amount
₹25,000 – ₹15 lakh
Tenure
12 – 60 months
Processing fee
0.5%
Minimum CIBIL score
650+
Minimum monthly income
₹12,000
Age
21 – 60 years
Employment type
Salaried, Government Employees, Pensioners

Union Bank of India Personal Loan EMI

Monthly EMI at the starting rate of 8.9% p.a. Your rate may be higher.

Loan amount12 months24 months36 months60 months
₹1,00,000₹8,741₹4,564₹3,175₹2,071
₹3,00,000₹26,222₹13,692₹9,526₹6,213
₹5,00,000₹43,703₹22,819₹15,877₹10,355
₹10,00,000₹87,405₹45,639₹31,753₹20,710

Union Bank of India Personal Loan Eligibility

  • Age 21–60 years
  • Monthly income ≥ ₹12,000
  • CIBIL ≥ 650
  • Union Bank salary account preferred

Documents Required for Union Bank of India Personal Loan

Salaried

  • PAN Card
  • Aadhaar Card
  • Salary slips
  • Bank statements
  • Form 16

Self-Employed

  • PAN Card
  • Aadhaar Card
  • ITR (2 years)
  • Bank statements

Union Bank of India lends mainly to salaried applicants; self-employed applications may be considered case by case.

Pros & Cons

Advantages

  • Among India's lowest rates (from 8.9%)
  • Lowest processing fee at 0.5%
  • Good for govt employees
  • Low income threshold

Watch out for

  • Max loan limited to ₹15L
  • Fully branch-based process
  • Slow digital adoption

How to Apply for a Union Bank of India Personal Loan

Union Bank of India's own application process

  1. 1Walk into your nearest Union Bank branch
  2. 2Collect and fill personal loan form
  3. 3Submit all documents at branch
  4. 4Bank processes in 7–10 working days
  5. 5Loan sanctioned and disbursed to Union Bank account

Not sure Union Bank of India is right for you? Compare offers from RateCut's lending partners first.

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Union Bank of India Personal Loan — FAQs

What is the Union Bank of India personal loan interest rate?

Union Bank of India personal loan interest rates range from 8.9% to 13.5% p.a. (last reviewed August 2026). The rate you get depends on your credit score, income, employer and loan amount.

What is the minimum salary for a Union Bank of India personal loan?

Union Bank of India requires a minimum monthly income of about ₹12,000. It lends to: Salaried, Government Employees, Pensioners.

What is the processing fee for a Union Bank of India personal loan?

Union Bank of India charges a processing fee of 0.5%, plus 18% GST. It is usually deducted from the loan amount at disbursal.

What CIBIL score is needed for a Union Bank of India personal loan?

Union Bank of India generally looks for a CIBIL score of 650 or more. A score of 750+ improves your chances of getting a lower rate.

How long does Union Bank of India take to disburse a personal loan?

As per Union Bank of India's stated process: Loan sanctioned and disbursed to Union Bank account. Existing customers with pre-approved offers are usually faster.

Is Union Bank of India regulated by the RBI?

Yes. Union Bank of India is a public sector bank regulated by the Reserve Bank of India.

Compare Union Bank of India with other lenders

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Figures last reviewed August 2026 and shown for information only. Interest rates, fees and eligibility are set by each lender and depend on your credit profile — confirm the final terms in the lender's Key Fact Statement before you sign. RateCut is a loan marketplace, not a lender.