Processing fees | 1.25% of the entire loan amount. |
Base Rate | 11.00% w.e.f. 01-10-2013 |
EMI per lakh (based on lowest interest rate) | Rs. 2,458 |
Loan tenure | 36 Months (Maximum) |
Interest rates | 16.50 (Base rate plus 5.50% ) |
Loan amount | Maximum amount: 10 months net salary and subject to maximum of RS.50000 |
City Union Bank provides personal loans as per the tenures that too at a reasonable rate of interest. This is possible because while deciding the rate of interest for a personal loan the bank keeps in mind all the aspects like repayment capability, income and eligibility. The interest rate charged by the City Union bank is 16.50% on the personal loans. But it can be changed anytime without notification.