EBLR stands for external benchmark lending rate. Union Bank of India has adopted the Repo rate as the external benchmark to link its floating rate home loans with effect from 01.10.2019.

We will determine loan eligibility largely by your pension and repayment capacity. Other important factors include your age and Credit Information Bureau (CIBIL/Experian etc.) track record.

Instant approval can be obtained if pre-approved.

Instant disbursement after approval of the loan.

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.

The maximum repayment tenure is 5 years for pensioners and 3 years for family pensioners.

Pensioners can get up to Rs. 10 lakhs and family pensioners can get up to Rs. 3 lakhs, subject to eligibility criteria.

No collateral or security is required for Union Cash Loan.

A personal guarantee of a spouse or the nominee for a family pension under the pension scheme is required. In the case of bachelor/spinster/widower/widow pensioners or family pensions.