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FOLLOWING ARE THE LOANS SCHEMES OF UNION BANK

1. 2. . ". #. '. (. +. ,.

Union Cash. Union Health Union Ho!e Union Miles Union E$%&ation Union S!ile Union Mo)t*a*e Union Sha)es Union Co!-o)t

1..Union To/ U/ 11.E$%&ation Loan Fo) Co!!e)&ial 0ilot T)ainin* 0)o*)a!!e

UNION CASH
ELIGIBILIT1 Retired employees of Government / Semi Government undertakings, Banks and other reputed private organizations etc. who draw fi ed income / pension through our Bank. 0UR0OSE !o meet financial re"uirements. T10E OF LOAN2

#emand $oan repaya%le in installments with a ma imum repayment tenure of &' months !erm $oan with repayment tenure of a%ove &' months and ma imum upto () months.

3UANTUM *pto Rs.1,++,+++/, or 1- times the monthly pension, whichever is less. MARGIN -./ in case of #eposit Receipts / 0S1 / Bonds issued %y Government of 2ndia / 3inancial 2nstitutions. .+/ in case of Shares 4 #e%entures. RE0A1MENT 15 &' 672s in case of #emand $oan repaya%le in 2nstallments

8%ove &' to () 672s in the case of !erm $oan RATE OF INTEREST 45.e.-. .+.12.2..+6 8 fi ed interest rate of 1&.9./ 4Fi7e$6

0ROCESSING CHARGES 4E8CLU9ING SER:ICE TA86 0: ;rocessing charges. SECURIT1 ;ledge of #eposit Receipts / Shares / #e%entures of corporates of good standing, 0S1s Bonds issued %y Government of 2ndia / 3inancial 2nstitutions etc. <here sufficient security is not availa%le, personal guarantee of spouse or a person who is the nominee under pension scheme is to %e o%tained. 2n genuine cases, the Bank may consider this facility on a clean %asis. OTHER CON9ITIONS #eclaration is re"uired from the spouse who is eligi%le for family pension.

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UNION HEALTH
ELIGIBILIT1 8ny "ualified medical practitioner / #entist in the age group of -. to '+ years with minimum three years e perience and in the age group of -. to '+ years. 3irms / 1ompanies engaged in medical profession in which #octors / #entist are ;artners or #irectors or the ;roprietor. 3UANTUM 8n amount e"uivalent to 9./ of the e"uipment cost and other 8ssets to %e financed. Ma)*in 7inimum -./ of cost of e"uipments and other assets to %e financed. RE0A1MENT 7a imum 9 years including initial moratorium period of &/' months , By 6"uated 7onthly 2nstallments. Rate o- inte)est 45.e.-. .+.12.2..+6 B0LR;12.#.<6 8 3i ed 2nterest rate of 1(.++/ for 2ndividuals and 1..++/ for others. 2nterest rate will not undergo any change till full repayment of the loan . SECURIT1 =ypothecation of e"uipment / items purchased out of Bank finance. 1ollateral security .+/ of loan amount. 67 of premises in case the loan is for ac"uiring premises.

OTHER CON9ITIONS !hird ;arty gurantee is not mandatory 0o ;repayment penality if the loan is ad>usted %y the %orrower from his own verifia%le legitimate sources or genuine sale. =owever, -/ charged on an average o/s. %alance of last 1- months if loan is closed on take over %y other Banks / 3inancial 2nstitutions. Rate of 2nterest prevailing on the date of sanction shall %e applica%le. UNION HOME Eli*i=ilit>

2ndian 1itizen , -1 years and a%ove. 6ither single account or >oint account with other family mem%ers viz., father, mother, wife, son or daughter with regular source of income. 2ndividuals who may %e employed/self,employed in %usiness having regular income. 8 minimum of (+/ marks as per investment grade scoring chart.

0%)/ose

;urchase of independent house/flat. 1onstruction of independent house/flat. Repair/2mprovement/6 tension. Repayment of loan availed from another agency/Bank/0B31. 3or purchase/ construction of -nd property ?independent house/flat@ ;lot sold %y a Government,recognized agency viz., =*#8, =:*S636# and such others.

UNION HOME
HOME LOAN FOR 0URCHASE OF 2n$ 0RO0ERT1 4HOUSE?FLAT?BETTER ACCOMMO9ATION6 1o,8pplicant

;rospective %orrower can include spouse or any other co,owner as a co, applicant. !o enhance the loan amount, co,applicantAs income can %e taken into account while calculating repayment capacity.

Eli*i=ilit>

$oan can %e availed for the second property even while the e isting house/flat is under mortgage to Banks/3inancial 2nstitutions ?su%>ect to conditions@.

3%ant%!

#epends on the repayment capacity as well as the cost of the property. )+/ of the cost ?cost will include cost of house, stamp duty, registration fees, transfer fees, if any, and all such charges.@ su%>ect to ma imum of Rs..+,++,+++ or ( times the gross annual income, whichever is less.

Re/a>!ent

7a imum repayment period is -+ years ?including moratorium@ :R permissi%le up to the retirement age of the %orrower :R '. years ?in case of professionals/%usinessmen@ whichever is earlier.

!he e isting house to %e disposed off in 1- months time ?optional@ and sale proceeds to %e deposited in the loan account. !he 672 would %e fi ed on %alance amount outstanding in the account.

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Ma)*in

2f money from the sale proceeds of the e isting house is deposited in the account, the same would %e treated as margin.

Se&%)it>

Similar to =ome $oan.

0)o&essin* Cha)*es 4 0)o&essin* &ha)*es e7&l%$in* a//li&a=le se)@i&e ta7 6 ..#.< o- loan a!o%nt s%=Ae&t to a !a7i!%! o- Rs.1#...?B an$ /a>a=le B

+.-./ of the loan amount at the time of application plus service ta applica%le

as

+.-./ of loan amount on acceptance of sanction plus applica%le as applica%le

Othe) Att)a&ti@e Feat%)es


0o prepayment penalty 3ree 2nsurance facility against 3ire, allied perils including 6arth"uake, ;ersonal 8ccident ?#eath@ 3le i%le repayment schedule 6asy and convenient 672s $oan sanctioned within 9- hours of receipt of application in full as per re"uirement. :ption to pay interest on a daily reducing %alance %asis.

UNION MILES

*nion 7iles Scheme is offered to individuals /firms for vehicle finance for their personal use. ELIGIBILIT1

2ndividuals of the age 1) years and a%ove ;ermanent employee of 1entral/State/#efence/;olice 3orce/;u%lic or Boint Sector *ndertaking/reputed firms/ esta%lished 6ducational 2nst. ;rofessional/Businessmen having regular income. Borrower has at least minimum services to li"uidate the loan 1 year prior to retirement. 3irms / 1ompanies. 8 7inimum of (+/ marks as per investment grade scoring chart.

0UR0OSE

3or ;urchase of new two/four wheelers, for personal or professional use Second hand vehicles upto & years old also eligi%le.

3UANTUM ( <heeler, ( times the net income /net annual salary su%>ect to a ma imum loan of Rs -. lacs for new vehicle and Rs 1+ lacs for old vehicle - <heeler, ( times the net income /net annual salary su%>ect to a ma imum loan of Rs 1 lacs for new vehicle MARGIN

-+/ of cost of vehicle. .+/ of old vehicle. *nder tie,up , 1+/.

RE0A1MENT

( <heelers , 8 7a imum of '+ months in 6"uated 7onthly 2nstallments?672s@. - <heelers , 8 7a imum of &' months in 6"uated 7onthly 2nstallments ?672s@. *nder !ie,up

RATE OF INTEREST 45.e.-. .+.12.2..+6 0e)io$ " 5heele)s U/to 1ea)s A=o@e 1ea)s Rate o- Inte)est 45.e.- .+.12.2..+6 2 Wheele)s U/to 1ea)s A=o@e 1ea)s Ol$ Ca)s4C 1ea)s6 Rate O- Inte)est 1-.-./ p.a 1-.9./ p.a 1-.9./ p.a 1&.-./ p.a 1&.-./ p.a

0ROCESSING CHARGES 4E8CLU9ING SER:ICE TA86

!wo <heelers Rs. -.+ 3our <heelers Rs. .++ $oan upto Rs. - $acs. 3our <heelers Rs. 1+++ $oan over Rs. - $acs.

SECURIT1

=ypothecation of vehicle financed %y the Bank. BankAs lien to %e got noted with the !ransport 8uthorities.

UNION E9UCATION
OBDECTI:E E 0UR0OSE !he scheme aims at providing financial assistance on reasona%le termsD

!o the poor and needy students that they may undertake %asic education !o meritorious students that they may pursue higher or professional or technical education

ELIGIBILIT1 The st%$ent a//l>in* o- %nion e$%&ation loan o%*ht to2


Be an 2ndian 0ational =as secured admission to professional or technical courses through an appropriate 6ntrance !est or selection process =as secured admission to a foreign *niversity =as passed an appropriate "ualifying e amination St%$ies in In$ia

a.

School education up to EGraduation/;ost,Graduation ;rofessional course 7anagement course Special 6ducation $oan Scheme for Students pursuing courses from approved institutions like Bain 22!s/227s/ 2nstitute /02! :f F$R2/B2!S/G2!/22Sc/S.;.

7anagement/Sym%iosis 2nstitute :f 7anagement and !.S. 1hanakya, 0avi 7um%ai, 0autical Science and 76R2, 1alcutta, 7arine 6ngineering, 76R2, 7um%ai, 7aritime Science.

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St%$ies A=)oa$ 2 GraduationD 3or >o%,oriented professional or technical courses ;ost,GraduationD 718, 7B8, 7S and such other courses 1ourses conducted %y 1278, $ondon, 1;8, *S8., and such other institution

offered %y reputed universities


0UR0OSE !o the poor and needy students to undertake %asic education to meritorious students to pursue higher or professional or technical education

CON9ITIONS

!he ;arent/Guardian of the student who is availing loan from our %ank shall %e made co,o%ligator/>oint %orrower irrespective of the age of such students. !he $oan 8ccounts of students applying through college/institutions will %e sanctioned/dis%ursed at the %ranch nearest to permanent residence/place of domicile of the %orrower student.

$oan will %e dis%ursed directly to the college/institute. Student to produce mark list of previous term/semester %efore availing ne t installment. Student /;arent to provide latest mailing address %efore availing ne t installment.

2n case of parents with transfera%le >o%, new address to %e provided %efore availing installments

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UNION SMILE
ELIGIBILIT1 ;ensioners 4 salaried class who are drawing their pension/ salary through *nion Bank of 2ndia. 0UR0OSE !o meet unforeseen medical e penses, timely payment of dues to State 6lectricity Board, !elephone, School fees and water charge and other such needs. 3UANTUM 7a imum C+/ of one monthHs pension/salary credited in the account MARGIN 1+/ RE0A1MENT 6ntire amount of overdraft and interest should %e recovered while crediting ne t pension/salary. :therwise, it can %e recovered in installments within a period of & months, if so re"uired %y %orrower. RATE OF INTEREST 45.e.-. .+.12.2..+6 4B0LR;12.#.<6 -/ of the amount of overdraft in the account every month. 2nterest to %e recovered as and when the pension /salary is credited. OTHER CON9ITIONS !he facility can %e allowed on an ongoing %asis %y li"uidating earlier dues. ;ensioners of *nion Bank of 2ndia are also eligi%le.

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UNION MORTGAGE SCHEME


IScheme for financing against 7ortgage of immova%le propertyJ ELIGIBILIT1 8ny 2ndividual in the age group of 1),'+ years of age owning residential/ commercial property ?land/plot/ %uilding@ and who are 2ncome,!a assesses having net monthly income of Rs.1+,+++/, pm in the case of salaried persons and an annual income of Rs.1.-+ lacs p.a. in the case of non salaried perosns. 6arning family mem%ers income can also %e clu%%ed to arrive the eligi%ility criteria. 2ndividuals who are not 2ncome !a assessees also eligi%le for this scheme, su%>ect to production of proof of income accepta%le to the Bank. 8 minimum (+ points as per investment grade scoring chart. 0UR0OSE !o meet any personal e penditure of varied needs like marriage of children, higher education, medical e pnses or any unforeseen e pnses and also as li"uidity finance. 3UANTUM OF LOAN 7etro/*r%an Semi *r%an 7inimum Rs. 1 lac. Rs.1 lac 7a imum Rs. .+ $ac. Rs.-. lacs

Su%>ect to &' times of gross monthly income of salaried persons?0et of all deductions including !#S etc.@ whichever is less OR - time the 0et annual 2ncome in case of others ?2ncome as per the latest 2! return less ta es paya%le@ whichever is lesser.

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NATURE FACILIT1 3acility can %e given in the form of !erm $oan or Secured :verdraft. =owever, S:# 3acility will not %e considered for salaried persons MARGIN .+/ of the fair market value of the property mortgaged as per the latest valuation report not older than si months from an approved valuer of the Bank. 3resh valuation at the cost of the %orrower?s@ once in three years re"uired during currency of advance. RE0A1MENT $oan amount together with interest is to %e repaid in ma imum '+ e"ual monthly installments. ;ost,dated che"ues fot the '+ 672s will %e collected up, front.Su%>ect to closure of the loan with full ad>ustment prior to the retirement in case of salaried class.

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UNION SHARES
ELIGIBILIT1 2ndividuals holding shares/de%entures/%onds either in their name or >ointly. 0UR0OSE ;urposes like 6ducation, =ousing, 1onsumer Goods and such other needs. 3UANTUM OF A9:ANCE !he ma imum amount that can %e granted is up to Rs.-+.++ $acs for security held :0$K in #678! 3orm. 0ERIO9 & years for $oan repaya%le in installments. S:# facility to %e renewed every year.

RATE OF INTEREST 45.e.-. .+.12.2..+6 4B0LR ; 12.#.<6 Rate of 2nterest B;$RE(..+/ i.e. 19.++/ SECURIT1 ;ledge of shares of those companies approved %y the Bank ?;lease refer to nearest %ranch of Bank for the list of approved companies@

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UNION COMFORT
ELIGIBILIT1

8ge 1) yrs completed. ;ermanent employee of 1entral Government / State Government/ #efence / ;olice 3orce / 8utonomous %odies / ;u%lic / Boint Sector undertaking / 1orporations / $imited 1ompanies / 3irms / 6sta%lished 6ducational 2nstitutions.

2ndividuals having regular income. !a payers, 0on,2,! permissi%le if annual pay Rs.1 lac or more and net take home annual pay Rs.+.(+ lac , after deducting 672 of present loan.

Salary accounts with financing %ranch. 7in. (+/ marks as per investment grade scoring chart.

0UR0OSE !o meet personal e penses or purchase of consumer dura%les. 3UANTUM


' months net salary not e ceeding Rs. 1 lac for salaried class. 3or others, .+/ of annual income as per last - 2! returns ?not e ceeding Rs.1 lac.@

RE0A1MENT 2n &' 6uated 7onthly 2nstalments?672s@. Repayment starts from the nest month of dis%ursement of loans.

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RATE OF INTEREST 45.e.-. .+.12.2..+6


1..++/. 1oncession in the rate of interest can %e considered %y Regional =ead in case of group %orrowers.

1+/ under =1$ !ie,up scheme for purchase of ;1s.

0ROCESSING CHARGES 4E8CLU9ING SER:ICE TA86


Rs. 1++ upto Rs. 1+,+++/, Rs. -.+ upto Rs. .+,+++/, Rs. .++ a%ove Rs. .+,+++/,

SECURIT1 :ne Guarantor having means e"uivalent to the loan amount, =ypothecation :f 8sset wherever applica%le. OTHER CON9ITIONS

;roof of 2ncome ?Salary 1ertificate@. ;roof of Residence ?latest !el. Bill/6lectricity Bill/6mployerAs 1ertificate@ 2rrevoca%le undertaking letter from the employer for recovery of installment from salary every month and to remit to %ank directly.

2rrevoca%le undertaking %y the %orrower authorising the Bank to recover the loan installments from his/her salary 8/c./SB 8/c. with the Branch.

;revailing Rate of 2nterest will %e applica%le as on date of sanction.

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UNION TO0BU0
ELIGIBILIT1 6 isting home loan %orrowers ?Standard 8ssets with regular 672 repayment@ who 8re salaried/professional 4 self employed, agriculturists or %usiness men having regular source of 2ncome. =ave repaid minimum -( 672s in =ome loan account and <here net take home pay/monthly income is not %e less than &./ of gross monthly income/earnings after considering all deductions including the 672 of the proposed !:;,up $oan.

0UR0OSE !o meet any type of e penditure in respect of the =ouse viz. repairs/renovation/ remodeling / furnishing etc.

NATURE OF FACILIT1 !erm $oan ?3loating@

3UANTUM

!he ma imum amount of loan can %e e tended upto .+/ of 672s repaid su%>ect to minimum of Rs..+,+++/, to 7a imum of Rs..,++,+++/,

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UNION E9UCATION SCHEME FOR COMMERCIAL 0ILOT TRAINING 0RAGRAMME

*nion 6ducation Scheme for 1ommercial ;ilot !raining ;rogramme / 1ourse 0ature of course/training programme 1ommercial ;ilot !raining / 1ourse 6ligi%ility Should %e 2ndian 0ational. Should have secured admission to the relevant course through admission test. Should have secured admission to the foreign institutions for studies a%road. 2nstitution 1. 3or 1ourse / !raining programme in 2ndiaD Government or recognized ;rivate 2nstitute approved %y #irector general :f 1ivil aviation, Government :f 2ndia. -. 3or course/training programme a%roadD !he course/ training programme should have %een offered %y recognized institutions a%road approved %y competent authority in that country eg. in *.S.8 the 3ederal 8viation 8dministration, Govt. :f *.S.8. !he licenses issued %y such institution should %e converti%le into corresponding 2ndian $icences in case the applicant desires to take up employment in 2ndia after completion of course/ training a%road, as per directives of #irector General :f 1ivil aviation, Government of 2ndia. 3%ant%! O- Loan 0il margin up to Rs.( lacs. 7in.. / margin for loans a%ove Rs. (.lacs in 2ndia. 7in.1./ 7argin for loans a%ove Rs. ( lacs for studies a%road. Scholarships/ assistance to %e included in 7argin. 7argin to %e %rought in year to year whenever dis%ursement made on pro rata %asis. #uration of the 1ourse 1-,-( months !ype :f

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Rate O- Inte)est 7ale 3or loans up to Rs.(.$acs 11.9./ 3or loans a%ove Rs. (lacs 1-..+/ and %elow 9.. $acs 3or loan a%ove Rs.9.. 1-.++/ $acs ?1/ concession if interest is serviced during moratorium period@ Se&%)it> 0o security up to Rs. ( lacs. $oan a%ove Rs. ( lacs and upto Rs. 9..+ lacs, personal guarantee to the satisfaction of the %ank. 3or loans a%ove Rs. 9..+ lacs, suita%le collateral security/third party guarantee accepta%le to the %ank. $ife insurance policy for a sum not less than the loan to %e taken on the life of the student/ applicant and assigned in favor of the BanL. 3emale 11.-./ 1-.++/ 11..+/

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