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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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City Union Bank offers personal loans at attractive interest rates, flexible repayment tenures, and minimum processing charges. City Union Bank personal loan interest rates will vary with the loan amount, loan tenure, and some other factors as well.
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City Union Bank has been in service for over 100 years providing banking services to the people of India. Among other services, they provide secured personal loans to individuals against the pledge of their jewels. This loan is a flexible way to manage your financial needs. It can be utilized for anything from medical expenses to festivals, wedding, travel etc. It will be disbursed speedily to your registered bank account after approval.
The City Union Bank personal loan against jewels interest rate usually ranges between 11% - 16.50%. The personal loan is subject to MCLR and periodic review. Some of the factors that affect your loan interest include -
Credit Score
If a person applying for a personal loan of City Union Bank is an account holder with good credit score who has made timely repayments in previous loans, he/she will be able to get a personal loan easily at a lower rate of interest.
Income
An individual who can produce proof of substantial regular income that proves his/her ability to repay the loan in time is eligible for faster disbursement and lower rate of interest.
Reputed Employer
If an applicant applying for a personal loan with City Union Bank is employed by a reputed organization such as State or Central government or high rated private companies, he/she can qualify for a lower rate of interest.
Relationship with the lender
The customer who has an account with City Union Bank is likely to get better terms on a personal loan. The account should be well maintained and have a good credit balance. If these criteria are met, the applicant may be eligible for a higher amount or lower rate of interest or both.
The benefit of City Union Bank personal loan is that the interest is the same throughout the duration of the loan. The loan is processed quickly with little documentation. It can be paid back in easy installments. It can also be paid back through auto debits to your account, ECS or PDC.
City Union Bank offers a personal loan to professionals and salaried individuals for multiple purposes. The amount of loan ranges from Rs 5000 to Rs 5,00,000 and can be repaid in 365 days with monthly EMIs. To avail of this loan, the applicant must have a savings account with City Union Bank and meet all the KYC requirements.
Customers opt for a personal loan with City Union Bank because you can get the maximum amount with attractive interest rates. Quick approval of the loan with commercial and residential property accepted as collateral. There are no restrictions on end use of the loan amount.
EMI is the sum of interest and principal which is payable every month. The bank has a tool for EMI calculation on its website. Using this tool, you can compute the amount of EMI you would pay for various amounts of loan and various tenures.
To be eligible for a personal loan against jewels, an individual should be above 21 years and below 58 years of age. The monthly salary of an individual is an important factor in determining the eligibility for the loan. The applicant must have a minimum of 3 years of employment with a firm to be eligible for a City Union Bank personal loan. Repayment history of previous loans should be good. The credit score and credit history are vital factors necessary to avail of a personal loan with City Union Bank.
Permanent employees of State Government, Central Government, colleges, schools and other reputed institutions, organizations and companies can apply for a personal loan from City Union Bank. The net monthly income of an applicant should not be below Rs 5000/-. The amount of personal loan from City Union Bank may vary depending on the income and savings of the applicant. City Union Bank offers a personal loan of the higher amount with the low-interest rate to applicants working for renowned companies and earning a good monthly salary.
To apply for City Union Bank personal loan against jewels an individual requires the following documents:
Besides these documents, the customer has to provide proof of address and execute the following documents.
1. What influences the interest rate of City Union Bank personal loan?
Factors like age, income, credit standing and history of loan repayment can affect the rate of interest on a City Union Bank personal loan.
2. What are the minimum and maximum ages of a personal loan applicant?
The minimum age of an applicant should be 21 years. personal loans cannot be granted to individuals above age 58.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application