What Union Bank of India asks for on personal, home, vehicle, education loans - age, income, credit score, amounts, rates and documents - read from its own pages and labelled by how sure we are. Last verified 2 November 2026.
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How Union Bank of India tends to lend (our read): Scheme-by-scheme PSU lender. The mainstream salaried personal loan is small-ticket (Rs 5-15 lakh) and easier with a Union salary account; the home loan has no published upper cap and the widest age window in the panel (18 to 75). Lends in: Metro, Tier 2, Tier 3 / other locations.
18 to 60 years (age when the loan ends); self-employed up to 75
Minimum income
₹15,000 net per month; ₹20,000 in metro cities; self-employed: ₹1,80,000 a year
Minimum credit score
700 (CIBIL or equivalent)
Employment
Salaried or self-employed
Work experience (salaried)
6 months with the current employer
Loan amount
₹50,000 to ₹15,00,000
Tenure
1 year to 5 years
Documents Union Bank of India lists
PAN / Aadhaar / passport / voter ID (identity)
Address proof
Office or business address proof
Salaried: last 2 years ITR or Form 16 plus latest 3 months' salary slips
Self-employed: last 3 years ITR with P&L, balance sheet and computation of income
Last 12 months' bank statements
Research notes
Union Personal (salaried, non-government): minimum gross salary Rs 15,000/month (Rs 20,000 in Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad and Pune), age 18 to one year before retirement, up to 60 months, Rs 5 lakh for a first-time borrower rising to Rs 15 lakh with a 2-year repayment record (Rs 15 lakh outright under the tie-up scheme). Non-salaried scheme: Rs 5 lakh new / Rs 15 lakh existing, repayment up to age 75. The professional scheme (CA, CS, doctors, engineers, Rs 12 lakh+ income) goes to Rs 20 lakh; the 700 CIBIL floor is published on that scheme. Self-employed income floor (Rs 1.8 lakh p.a.) is not published - a nominal figure so the engine has something to size against. Interest rate is not on the product page; the engine's PSU rate card is used.
By ClearToLend's estimate (not a rule Union Bank of India publishes). See the source card.
Age
18 to 75 years (age when the loan ends)
Minimum income
₹10,000 net per month; self-employed: ₹1,20,000 a year
Credit score
750+ preferredOur working estimate - the lender does not publish a floor
Employment
Salaried or self-employed
Business vintage (self-employed)
2 years in business
Funding (LTV)
Within RBI limits: up to 75-90% of the property value, depending on the loan size
Loan amount
₹1,00,000 to ₹50,00,00,000
Tenure
5 years to 30 years
Interest rate
7.4% to 9.6% p.a.
Documents Union Bank of India lists
Completed application form and credit information; KYC of applicant and co-applicant / guarantor
Identity proof (PAN, voter ID, passport or Aadhaar) and address proof (driving licence, passport or Aadhaar); 2 photographs
Salaried: last 2 years' ITR / Form 16, latest 3 salary slips, proof of other income
Non-salaried: last 3 years' ITR and proof of other income
Last 6 months' bank statements
Property: agreement to sell / allotment letter, title and ownership documents, approved building plan, builder / society NOC, cost estimate where applicable
Research notes
Union Home: the product page gives entry age 18 and exit age up to 75 for Indian citizens and NRIs, no ceiling on the amount and LTV 90/80/75% (RBI bands); the documents FAQ page instead says age 21-65 (conflict recorded, product page used), tenure 5 to 30 years and no prepayment charges. The retail ROI PDF dated 8 Oct 2026 prices floating loans from 7.40% (CIBIL 825+) to 9.60% (600-649), with fixed rates of 11.40-12.65%. No income floor is published - the nominal Rs 10,000 floor only stops the engine sizing against zero. A 0.50% processing fee capped at Rs 15,000 was recorded on the Sep 2026 pass, but a campaign FAQ now says nil. Tagged inferred because the income floor (and, where noted, the minimum age) is our value, not the bank's.
By ClearToLend's estimate (not a rule Union Bank of India publishes). See the source card.
Age
18 to 75 years (age when the loan ends)
Minimum credit score
700 (CIBIL or equivalent)
Vehicles financed
New car, used car, two wheeler
Tenure
1 year to 7 years
Research notes
Union Bank's Vehicle Loan page covers new four-wheelers (no ceiling), used four-wheelers up to 3 years old (Rs 20 lakh max) and new two-wheelers (Rs 10 lakh max), and says CIBIL 700 is currently required for further processing. Age 18-75 and tenures of 84 months new / 60 months used / 36 months two-wheeler (60 under tie-up) were read on the rendered page in Sep 2026; margin differs for salary-account holders but is not published. No income floor or rate is published, so the block is inferred; the 12-month minimum tenure is our estimate. Union Parivahan (new transport vehicles for businesses, up to Rs 5 crore) is a separate scheme with no published criteria.
Abroad Category A/B scheme: processing Rs 10,000 + GST up to Rs 40 lakh, Rs 20,000 + GST above.
Documents Union Bank of India lists
Completed application form and credit information
KYC of applicant and co-applicant/guarantor (PAN, Voter ID, Passport, Aadhaar)
Residence proof and latest passport-size photograph
ITR or income proof of borrower/co-borrower/guarantor, if any
Last 12 months' bank statement of borrower/co-borrower/guarantor
Research notes
PM-Vidyalaxmi (Indian nationals admitted on merit to listed QHEIs): no amount ceiling, nil collateral and guarantee, 75% credit guarantee up to Rs 7.5 lakh, interest subvention 100% below Rs 4.5 lakh family income and 3% for Rs 4.5 lakh to Rs 8 lakh. Abroad Category A/B (full-time PG at designated premium universities): Rs 7.5 lakh to Rs 150 lakh, parent or spouse co-applicant/guarantor with CIBIL 650+ (or -1), repayment up to 15 years after course + 1 year, NRIs excluded; the 650 score is scheme-specific so it is not set as a general gate. No general collateral-free limit, student age or education rate is published, so none is modelled; the 12-month minimum term and Rs 50,000 minimum amount are our estimates.
ClearToLend is not affiliated with or endorsed by Union Bank of India. Criteria are taken from public sources as of 2 November 2026 and can change; confirm the current terms with Union Bank of India before you apply. A match is not a loan offer or approval.
Union Bank of India Loan FAQs
The minimum net monthly income is ₹15,000, according to Union Bank of India's own website, as checked on 2 November 2026. Lenders can ask for more depending on your city, employer and existing EMIs.
A credit score of 700 or above, according to Union Bank of India's own website. A higher score usually gets a better rate; the lender makes the final call after pulling your report.
You need to be at least 18 and no older than 60 when the loan ends, according to Union Bank of India's own website.
The minimum net monthly income is ₹10,000, by ClearToLend's estimate (not a rule Union Bank of India publishes), as checked on 2 November 2026. Lenders can ask for more depending on your city, employer and existing EMIs.
You need to be at least 18 and no older than 75 when the loan ends, by ClearToLend's estimate (not a rule Union Bank of India publishes).
Rates run from 7.4% to 9.6% a year, by ClearToLend's estimate (not a rule Union Bank of India publishes). Your own rate depends on your credit score, income and employer.
A credit score of 700 or above, by ClearToLend's estimate (not a rule Union Bank of India publishes). A higher score usually gets a better rate; the lender makes the final call after pulling your report.
You need to be at least 18 and no older than 75 when the loan ends, by ClearToLend's estimate (not a rule Union Bank of India publishes).
No. ClearToLend compares your details with Union Bank of India's published criteria without pulling your credit report, so nothing is recorded on your CIBIL file. ClearToLend is not affiliated with Union Bank of India and does not send your details to it.
