Avyud Finance offers Personal Loans Through Union Bank of India that individuals can use to meet various personal financial needs -both planned ones and in case of an emergency. Common uses of an Union Bank of India personal loan include purchase of consumer durables, medical emergency, paying for a home renovation, etc. This unsecured loan from the bank is disbursed quickly and can be availed with minimal documentation making it a popular borrowing option.
₹
500000
36
months
10
%
Monthly EMI
₹
₹ 32,124.56
Total Interest
₹
10,622.78
Principal Amount
₹
500000
Payable Amount
₹
160,622.78
| Pay No. |
Begining Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | 150000.00 | 32124.56 | 28637.06 | 3487.50 | 121362.94 |
| 2 | 121362.94 | 32124.56 | 29302.87 | 2821.69 | 92060.07 |
| 3 | 92060.07 | 32124.56 | 29984.16 | 2140.40 | 62075.91 |
| 4 | 62075.91 | 32124.56 | 30681.30 | 1443.26 | 31394.61 |
| 5 | 31394.61 | 32124.56 | 31394.64 | 729.92 | -0.03 |
To meet personal expenses such as marriage, purchase of consumer durables, travel, holiday, etc.
The maximum repayment period will be Five years (60 months) subject to the condition that repayment should be co-terminus with retirement.
No moratorium period is allowed. The repayment shall commence from succeeding month of first disbursement of loan.
No security, subject to the condition that Spouse of the applicant must join as co-applicant.
AGE
It takes only 3 working days to get the Personal Loan sanctioned from Union Bank of India after submission of requisite documents and papers.
The interest rate Change at quarterly interval on 1st day of calendar quarter subsequent to the change in RBI’s repo rate.
Instant In-principal approval can be obtained.
You could collect an application form from our nearest branch or simply download it from our website and submit it along with documents and the Processing fees Cheque at any Union Bank of India Branch. Alternatively you have the option to make an online application on our website.
This is optional and purely at the discretion of the Borrower. However it is always advisable to get a liability/life insurance cover so that family members don’t suffer in case of any unfortunate event. For the benefit of the borrowers, a one time Liability Insurance premium can be added to the cost of the property so that the burden can be reduced. Further, the Bank also has tied-up with various Insurance Providers so that suitable products can be available to its customers with reasonable premiums.
Note: This content is taken from Union Bank of India website
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