United Bank Personal Loan

United Bank star star star star star 3.75 / 5.04 users

United Bank of India, boasting of a glorious history of almost 100 years, is one of the earliest nationalized banks in India. Four banks had merged to form the present-day United Bank of India. Today, the bank has almost 2000 branches throughout the country, conducting a business of over Rs 2 lakh crore, catering to a large portion of the country’s population. Development is one of the major areas of focus for this bank that has been actively participating in development projects, thus aiming to improve the standard of living in India.

Personal Loans are offered by United Bank of India for various reasons, as they try to bridge gaps between lives and capabilities of people from different strata of the society. The bank has been aiming to present itself as a pathfinder in the Indian banking scenario by implementing advanced technologies and maintaining customer-centric policies in all its activities.

United Bank of India offers Personal Loans that come with a wide array of features discussed below:

Competitive Rates of Interest:Personal loans are offered by United Bank at highly competitive rates as the bank keeps a helpful attitude towards the borrowers.

Multi-purpose Loans:Personal loans provided by United Bank can be utilized for various purposes such as medical expenses, wedding, educational expenses, purchase of home or vehicle, home repairs, office renovation, vacations, or social necessities. No restriction applies on the use of personal loans.

Long Repayment Period:United Bank allows a long repayment period that extends up to 36 months. The period becomes 48 months for pension-holders. The aim is to ensure that every borrower gets enough time to repay the loan.

Loan for Pensioners:Personal Loans are offered to pensioners so that they get a chance to meet their obligations even after they retire.

Zero-Margin:Zero Margin personal loans are offered by United Bank to pensioners.

Heavy Loan Amount:Salaried borrowers can take personal loans worth their salary for 10 months or Rs 3 lakh, whichever is lower. Pensioners can take personal loans up to a limit of Rs 2 lakh.

Low Processing and Documentation Fee:Extremely low processing and documentation fees are charged by United Bank of India.

Simplicity:The process for obtaining personal loans from United Bank is hassle-free, quick, and simple, if the applicant meets the eligibility criteria.

18% GST rate is applicable on banking products and services from July 1, 2017.

United Bank Personal Loan Review


Personal Loan
star star star star star 12.0/5
Personal loan by United Bank was perfect, but the turnaround time is something they can work upon.
Mumbai November 14, 2018
Personal Loan
star star star star star 15.0/5
I had applied my personal loan in Mumbai at United Bank. I was in dire need of funds and fortunately got the loan amount soon.
Mumbai November 14, 2018
Personal Loan
star star star star star 15.0/5
Taking personal loan in Gujrat by United Bank through online portal of loanbaba was after all not a bad idea. This way I could communicate with the Kotak Mahindra without having to come over to their branch. All by documentation was sorted and I got the loan in decent time.
Mumbai November 12, 2018
Personal Loan
star star star star star 13.0/5
The United Bank has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.
Mumbai November 11, 2018

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