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Union Bank Personal Loan 2026: Check interest rates by credit score, loan limits, eligibility, documents, fees, EMI and online application steps.
Union Bank of India offers personal loans to eligible salaried and self-employed / non-salaried customers for personal expenses such as medical needs, education costs, weddings, travel and household purchases. The bank provides different loan products for different borrower categories, so the maximum amount, repayment period, interest rate and eligibility conditions depend on the selected scheme and the applicant's repayment capacity.
Important: Union Bank does not guarantee a personal loan simply on the basis of an Aadhaar card. Applicants must complete the bank's credit and income assessment and submit the documents requested for their loan category.
| Particular | Details |
|---|---|
| Bank | Union Bank of India |
| Loan type | Unsecured personal loan, subject to scheme terms |
| Loan purpose | Eligible personal expenses and emergencies |
| Maximum amount | Depends on the product; the bank's general personal-loan page advertises up to ₹50 lakh, subject to eligibility |
| Repayment period | Up to 84 months for products covered by the general page; individual schemes may have shorter limits |
| Interest rate | Risk- and scheme-based; see the current rate table below |
| Application methods | Online or through a Union Bank branch, depending on the product |
| Official website | unionbankoreplaceia.bank.in |
Union Bank's retail lending interest-rate document updated on 8 October 2026 lists different effective rates according to the borrower's credit score and loan category. The rates below are for the schemes identified in that document and should not be treated as a single rate available to every applicant.
| Credit score (CIC) | Effective rate per annum |
|---|---|
| 800 and above | 9.30% |
| 750 to 799 | 9.60% |
| 700 to 749 | 10.10% |
| 680 to 699 | 10.60% |
| 650 to 679 | 11.05% |
| Below 650 | 12.60% |
| Credit score (CIC) | Effective rate per annum |
|---|---|
| 800 and above | 9.35% |
| 750 to 799 | 9.65% |
| 700 to 749 | 10.35% |
| 680 to 699 | 10.65% |
| 650 to 679 | 11.50% |
| Below 650 | 12.90% |
These are published rates for the specified Union Personal schemes, not a personal quotation. The bank may apply different rates to professional, women-specific, government-employee or other schemes. Confirm the rate applicable to your application with the bank before accepting the loan.
The amount available depends on the specific Union Bank personal-loan product:
Do not assume that the maximum amount advertised on the general page applies to every applicant. The sanctioned amount is decided after assessment of income, existing obligations, credit history and scheme rules.
Eligibility differs by loan product. The bank may consider the following factors:
The exact document list depends on the applicant's employment type and loan scheme. Commonly requested documents may include:
The non-salaried personal loan scheme does not require salary slips, but the bank considers the applicant's age, regular income sources and bank account details. Additional verification may still be required.
Processing fees and other charges can vary according to the loan scheme and current bank schedule. Ask the branch or check the official rates-and-charges section for the exact processing fee, applicable taxes, documentation charges and prepayment conditions for your product.
Union Bank's general personal-loan FAQ states that credit-life insurance is mandatory under the scheme described on that page and that the premium may be included in the loan amount. However, the bank's older personal-loan FAQ describes insurance as optional for the product covered there. Because conditions differ across products and pages, ask the bank to confirm in writing whether insurance is compulsory for your specific scheme, its premium and whether you can choose an alternative.
The bank's general personal-loan page also states that delayed or defaulted payments may attract penal interest of 2% per annum over the applicable rate on the overdue amount for the period of default. Check the sanction terms for the exact applicable charges.
Your EMI depends on the sanctioned loan amount, interest rate and repayment period. Use the bank's official loan calculator or ask the branch for an amortisation schedule before accepting the offer. Compare the total interest payable, not just the monthly EMI.
| Service | Official link |
|---|---|
| Personal loan products | View personal loan schemes |
| General personal loan details | Read loan details |
| Personal loan interest rates | Check interest-rate information |
| Non-salaried personal loan | View non-salaried scheme |
| Online personal loan application | Apply online |
| Rates and charges | View rates and charges |
| Customer care | 1800 2333 |
1. What is the maximum personal loan amount from Union Bank?
The bank's general personal-loan page advertises up to ₹50 lakh, depending on eligibility and repayment capacity. Individual products have separate limits.
2. What is the Union Bank personal loan interest rate in 2026?
The bank's rate document updated on 8 October 2026 lists rates based on scheme and credit score. For the standard salaried Union Personal scheme, the listed range is 9.30% to 12.60%; for the non-salaried scheme, it is 9.35% to 12.90%.
3. Can self-employed people apply?
Yes. Union Bank has a non-salaried personal-loan scheme for eligible individuals with regular sources of income.
4. Can I get a loan using only my Aadhaar card?
No. Aadhaar may be accepted as identity or KYC proof, but it does not guarantee loan approval. The bank also assesses income, credit history and repayment capacity.
5. Is collateral required?
The bank describes personal loans as collateral-free. Scheme-specific co-applicant or guarantee conditions may still apply.
6. How can I apply?
You can start through the official Union Bank website or visit a branch. Availability of online application depends on the selected loan product.
7. What is the customer care number?
Union Bank lists 1800 2333 as its toll-free customer-care number.
This article is for informational purposes and is not an official bank notification or loan approval. Interest rates, loan limits, fees, insurance conditions and eligibility may change and differ by product. Confirm the latest terms directly with Union Bank of India before applying or making a financial decision.