Quick verdict: Union Bank of India (merged with Corporation Bank and Andhra Bank) offers competitive PSU bank rates. Their Union Personal Loan scheme is straightforward with transparent pricing. Good option for exis
Starts From
11.35%
best profile
Fair Benchmark
12.0%
market rate
Red Flag Above
18%+
overpriced zone
Union Bank of India Personal Loan, Key Details
Fair RateInterest Rate Range11.35% – 15.85%
Processing Fee0.5% + GST
Maximum Loan Amount₹15 Lakhs
Maximum Tenure5 Years
Market Fair Benchmark12.0% p.a.
Union Bank of India (merged with Corporation Bank and Andhra Bank) offers competitive PSU bank rates. Their Union Personal Loan scheme is straightforward with transparent pricing. Good option for existing Union Bank salary account holders and government employees, particularly in western and southern India.
💡 Tips for Union Bank of India customers
- Union Bank salary account holders get the most competitive rates. Visit your branch with your last 3 salary slips.
- Union Bank is particularly competitive for amounts between ₹2 and ₹8 lakhs. That's really their sweet spot.
- After the merger with Corporation Bank and Andhra Bank, the branch network is extensive. Good accessibility across India.
- For loan amounts above ₹15 lakhs, SBI or Bank of Baroda are better PSU options.
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