City Union Bank Personal Loan Interest Rates

Here are the benefits of a personal loan from City Union Bank-

• You can use the fund to purchase new consumer durables such as furniture, washing machines, televisions, wet grinders, computers, laptops, refrigerators, electronic devices, and so on.
• The maximum amount for a loan is Rs. 1 lakh and the bank retains a 10% margin (of the total value of products acquired).
• The duration will range from 36 to 60 months.
• You must ensure consumer durables. You must also obtain personal life insurance with a limit equal to the value of the products purchased.
• The loan amount ranges from Rs. 25,000 to Rs. 1 lakh/for non-salaried individuals, 50% of gross yearly income as reported in the most recent ITR/for salaried individuals, and the net take-home pay for the previous ten months.

Here is the City Union Bank personal loan interest table-

• If you are employed, you must be at least 21 years old. At the time of loan application, the maximum age limit is 60 years.
• Your monthly salary as a salaried worker must be at least Rs. 15,000
• If you are self-employed, professional, or the business owner, you must be at least 25 years old.
• Such applicants must reveal an annual income of at least Rs. 2,50,000.
• When submitting a loan application, applicants must follow KYC guidelines.

• ID Proof

1. PAN card
2. Driving license
3. Passport
4. Aadhaar card
5. Voters' ID
6. Ration Card
7. Employer or another bank-issued identification card
8. NREGA issues a job card.
9. The Unique ID Authority of India issued a referral letter.
10. An identification card issued by a recognized educational institution
11. A letter of referral is issued by a recognized official authority or servant.

• Address Proof

1. PAN card
2. Driving license
3. Passport
4. Voters' ID
5. Aadhaar card
6. Ration Card
7. NREGA issues a job card.
8. The most recent electricity bill.
9. A gas company issued consumer passbook.
10. Statement of bank accounts
11. The telephone bill (not more than two months old).
12. Rent agreement, including the applicant's full address (duly registered with the authority).
13. A letter of reference from the Unique Identification Authority of India, for example.
14. Demand Promissory Note
15. Other documents requested by the bank
16. Latest passport-size photographs

Processing fees are 1.10% of the loan amount, with a minimum of Rs.250.

Unit inspection fees: nil to Rs.10,000 per year