|City Union Bank Personal Loan Details Updated on|
|Loan Amount||Rs. 25,000 to Rs. 1 lakh|
|Loan Tenure||36 months to 60 months|
City Union Bank Personal loan is a scheme to purchase new consumer durables. This facility is for salaried and self-employed individuals. The bank offers maximum funding of up to 90% of the item's cost. So, you can fulfil your dreams of renovating your house, office, or any space with necessary furniture, electronics, and gadgets. The desirable applicants are the ones with a CIBIL of 700+. Hypothecation of items you buy with the loan is mandatory as collateral with the bank.
In this post, we will discuss City Union Bank Personal Loan features, eligibility criteria, interest rates, documents required, and frequently asked questions.
Here are the features of personal loan City Union Bank:
Here are the eligibility criteria for a personal loan from City Union Bank:
The ROI under External Benchmark-based Lending Rate (EBLR) on the consumer loan is EBLR + 4.75%. Thus, the City Union Bank Personal Loan Interest Rate is 12.75%.
Here are the required documents for the loan application:
Below provided are important questions about personal loan City Union Bank
The City Union Bank personal loan rate of interest is influenced by the applicant’s credit history, repayment track record, net annual income, age, credit score, employment stability, debt to income ratio, other financial liabilities, etc.
The processing fee is 1% of the loan amount + applicable taxes. The minimum amount however is Rs. 500 + applicable taxes.
The personal jewel loan scheme involves quick and simple documentation. It also offers low margin (10%), speedy processing, flexible repayment terms, and basic KYC documents. There is no processing fee. The City Union Bank Gold Loan interest rate is 9.50%.
Once the Bank receives a completed application form of the personal loan along with the necessary documents, it analyzes your eligibility for the loan. In case you qualify, then you shall receive approval for a certain loan amount as per your repayment capacity and requirement. You can get in touch with the customer care department for inquiries and track your loan application.
If you are taking the loan, you must provide a Standing Instruction/PDS/ECS arrangement. You have to submit the last two years' ITR/Form 16.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of City Union Bank.
Personal loan by City Union Bank was perfect, but the turnaround time is something they can work upon.
Ajeet G. Pathak
I had applied my personal loan in Mumbai at City Union Bank. I was in dire need of funds and fortunately got the loan amount soon.
Taking personal loan in Gujrat by City Union Bank through online portal of loanbaba was after all not a bad idea. This way I could communicate with the Axis without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.
The City Union Bank has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.
Ajeet G. Pathak