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Union Bank of India offers best personal loans of up to Rs. 15 lakh that individuals can use to meet various personal financial needs -both planned ones and in case of an emergency. Common uses of an Union Bank of India personal loan include purchase of consumer durables, meeting emergency medical expenses, paying for a home renovation, etc.
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Union Bank offers personal loans at attractive interest rates starting from just 8.90% p.a. and flexible repayment tenures ranging from 12 months to 60 months. The maximum amount you can borrow is Rs.15 lakh.
Eligibility criteria • Must be a confirmed or permanent employee of a reputed private organisation or institute in India • The institute or organisation for which the applicant works must operate within the jurisdiction of the respective ZLCC • Must be at least 18 years of age • Must have residual service to ensure that he/she can repay the entire loan amount within the repayment tenure • Staff members of the Union Bank of India and government employees are not eligible for this scheme