City Union Bank Personal Loan

City Union Bank Personal Loan Details

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City Union Bank Personal loan is one of the most flexible ways to manage and fulfil your financial requirements. This unsecured loan can be utilized to pay for any expenses, be it medical treatment, travel, purchases, festivals, wedding etc. The personal loan from the bank is hassle-free and the fastest to get disbursed to your registered bank account. A salaried individual can apply for this loan either online or offline.

Our website, Loanbaba.com will provide you all details about personal loan City Union Bank.

Why Choose City Union Bank Personal Loan?

• The advantage of this loan is its same interest throughout the duration.
• Simple documentation is needed and the personal loan in City Union Bank then gets processed faster.
• The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.

• You can check out City Union Bank personal loan eligibility and City Union Bank Personal Loan EMI calculator at Loanbaba.com.

Features of Personal Loans at City Union Bank

The following key points will help you understand the features and benefits of the personal loans:

Types of City Union Bank Personal Loans

City Union Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

1. City Union Bank Customer Loan
• The bank offers consumer loan up to 10 times the net monthly salary. However, the same is subject to a maximum of Rs 50,000. The salary of the spouse can be added getting him or her beholden to the loan.
• The bank keeps a margin of 10%
• The articles purchased using the loan amount is held as the security of the loan.
• The spouse or any one person is necessary to be a third-party guarantor.
• The repayment period is allowed up to 36 months.
• The insurance of the article can be done at the cost of the borrower.
• 1% of the total amount is applicable as the processing fee. However, the minimum amount applicable is Rs 600.
• The loan disbursement can be done directly to the seller or the supplier.
2. City Union Bank Dharani Loan
• Under this loan scheme, one can avail a maximum of Rs 20 lakhs or 40% of the realisable price of your immovable possessions, whichever is less.
• A margin of 60% is considered.
• A processing fee of 1%, up to Rs 600 is applicable on the total loan value.
• The immovable property shall become the security of the borrower. The property should be clearly titled as security on loan.
• The loan can be repaid with a maximum of 60 EMIs.
• Borrower holds the insurance at his own cost.
• The loan can be disbursed once assured that the amount is put in a proper end usage.

Certain conditions that apply to the security are:

• The property requires approval from the bank’s approved valuation team to determine the actual value.
• The Non-encumbrance certificate for the portable assets should be given as security.
• The advocate of the bank shall approve the marketable title of the property used as security.
• Assets of the third parties cannot be used for security purposes.
• For the repayment of the loan, submit the cheques with the post-dates.
3. City Union Bank Personal Loan

In this scheme, you can avail a loan of Rs 5000 to Rs 50,000. The reimbursement of the same can be made within 300 days at monthly EMIs. This loan does not demand submission of security.

The conditions applicable to avail the loan are:

1. All the KYC rules should be followed.
2. The borrower should hold a savings bank account.

Why Apply for City Union Bank Personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by City Union Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the financial institution's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

City Union Bank Personal Loan Interest Rates

Personal Loan City Union Bank interest rate is between 11% and 16.50% (Base rate plus 5.50%), but varies as per individual profile. Keep a check on this page to note the updated City Union Bank personal loan interest rate for the current year.

City Union Bank Personal Loan Eligibility Calculator

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost City Union Bank personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for City Union Bank personal loan are discussed below:

• The applicant for personal loan City Union Bank needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
• He/she meet the requirement for credit score and should not be under too many debts.

City Union Bank Personal Loan FAQs

Below provided are important questions about personal loan City Union Bank.

• addFAQs
  1. What are the eligibility criteria for the loan?

  The personal loan eligibility criteria at the bank are mentioned below:

  • Minimum net monthly salary should be Rs. 25,000
  • Minimum and maximum age should be 21 years, and 60 years (at time of loan completion), respectively.
  • The applicant must have at least 2 years of work experience. If it is a self-employed person, then the business continuity must be of at least 2 years.
  2. What influences the interest rate of a personal loan at the 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.

  3. How is the personal loan application to City Union Bank, evaluated?

  Once the Bank receives a completed application form of 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 enquiries and track your loan application.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of City Union Bank.