The bank offers loans to salaried people to meet their personal expenses in cases like daughter’s marriage, major surgical operation, repairing of old house, passage money for son’s education abroad or any other social pecuniary liability.
Highlights
Salaried
Self Employed
Loan Scheme
United Personal Loan Scheme-Salaried Persons
Loan Type
Term Loan
Loan Amount
The maximum amount of loan shall be Rs 3 lac or 10 months' net salary, whichever is less.
Tenure
Min. - 12 months.
Max. - 36 months.
Interest Rate
Min. - 16.25 %
Fees & charges
Fees & charges
Salaried
Self Employed
Documentation Charges
500 Rs
Security
Security
Employer’s undertaking for deduction of EMI and remittance to financing branch OR disbursement of salary and to obtain NOC from the financing branch before shifting of salary disbursement account of its employees, along with attachment of terminal benefits.No penalty is charged for early repayment of loan.