Union Bank Personal Loan 2025

Eligibility Criteria for Union Bank Personal Loan

(Under Tie-up) scheme:

1. Must be a confirmed or permanent employee of a reputed private organisation or institute in India
2. The institute or organisation for which the applicant works must operate within the jurisdiction of the respective ZLCC
3. Must be at least 18 years of age
4. Must have residual service to ensure that he/she can repay the entire personal loan amount within the repayment tenure
5. Staff members of the Union Bank of India and government employees are not eligible for this scheme

Union Personal (Under Non Tie-up) scheme:

1. Must be a confirmed or permanent employee of a reputed private organisation or institute in India
2. Must be a customer of the Union Bank of India for a minimum of six months before applying for the loan
3. Must have a salary account with the Union Bank of India
4. Must be at least 18 years of age
5. Must have residual service to ensure that he/she can repay the entire loan amount within the repayment tenure
6. Staff members of the Union Bank of India and government employees are not eligible for this scheme

For non-salaried individuals:

1. Must be at least 25 years of age and not more than 60 years old at the end of the repayment tenure
2. Must have a regular source of income
3. Must be a customer of the Union Bank of India for a minimum of 24 months before applying for a loan
4. Must have a current or savings account with the Union Bank of India with an Average Quarterly Balance of Rs.25,000 and above for the immediately preceding four quarters

For government employees:

1. Must be a permanent/confirmed employee working at State or Central Government organisations, Public Sector Units, State or Central Government undertakings, Departments/Ministries under the Ministries, armed personnel, teaching or non-teaching staff at government institutions, officers in All India Services, and Defence personnel
2. Must be at least 18 years of age
3. Must be the main applicant to avail the loan
4. Must open a salary account with the Union Bank of India

Documents Required to Apply for Union Bank Personal Loan

The documents required vary for different kinds of applicants. For salaried applicant:

1. ID Proof: Passport or PAN card or employee ID card or any other valid proof
2. Address Proof: Telephone bill or electricity bill or Aadhaar card or any other valid proof
3. Income Proof: Salary slips of the past six months, letter from your employer or Form 16 of the past three years, and Income Tax Returns of the past three years
4. Two passport-sized photographs
5. PAN Card
6. Any other document as required by the bank

For non-salaried applicants:

1. ID Proof: Passport or PAN card or employee ID card or any other valid proof
2. Address Proof: Telephone bill or electricity bill or Aadhaar card or any other valid proof
3. Income Proof: Income Tax Returns of the past three years
4. Two passport-sized photographs
5. PAN Card
6. Any other document as required by the bank

Here are the documents required for government employees:

1. ID Proof: Passport or PAN card or employee ID card or any other valid proof
2. Address Proof: Telephone bill or electricity bill or Aadhaar card or any other valid proof
3. Income Proof: Salary slips of the past six months, letter from your employer or Form 16 of the past three years, and Income Tax Returns of the past three years
4. Two passport-sized photographs
5. PAN Card
6. Any other document as required by the bank

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