United Tour & Travel Credit Scheme
Want to enjoy your holidays in an adventurous foreign location? And still
you want the expenses not to pinch your pockets? United Bank of India comes in with a
tailor-made Loan Scheme to finance your travel expenses–and it is Enjoy Your Holiday
Now! Pay Your Expenses Later!!The Loan is for the Salaried Persons and Professional &
Self Employed Individuals to meet their expenses on Foreign Trips and also for Inland Tour
and Travels.
Eligibility |
Indian Resident
Individuals in the age bracket of 21 to 55 years having annual taxable income of Rs. 2.50
lacs & above (income of spouse shall also be considered). |
Coverage |
The
Scheme shall be operative through the following Branches of four Metros:
Kolkata:- Gariahat, Overseas
(Calcutta), Park Street, Salt Lake, New Manicktala.
Mumbai:- Mumbai, Hotel Oberoi Tower,
Overseas (Bombay).
New Delhi:- Chittaranjan Park,
Connaught Circus, Delhi Oberoi Hotel, Overseas (Delhi).
Chennai:- Madras, Mount Road and T.
Nagar.
|
Quantum of
Loan |
Max. Rs. 2 lacs
(equivalent foreign exchange subject to ceiling prescribed by the RBI) subject to the
following limit:
In case of Salaried Persons: Six times
of net take home salary.
In case of Professional & Self
Employed Persons:- 20% of annual income as per IT return.
|
Margin |
Nil |
| Rate of
interest |
14.00% p.a. i.e. BPLR + 0.75% (Floating) w.e.f 09.04.07 |
Security |
In case of
Salaried Persons:- Nil, where either salary is disbursed through the branch or the
employer ensures remittance of EMI by deducting from applicant’s salary and also
ensures liquidation of outstanding loan amount out of terminal benefits of the applicants
in case of cessation of service due to any reason.
In case of Professional & Self
Employed Persons and Salaried Persons where above undertakings are not available:
Upto the loan amount of Rs. 1 lac: Nil
For loan above Rs. 1 lac: Liquid Security
(Margin- 25%) or mortgage of Property (Margin- 40%) at least to the tune of 50% of the loan
amount.
|
Repayment
Period |
Max. 36 months |
Processing
Fee |
1.00% |
Other
Condition |
Grant of VISA by
the appropriate authority is a pre-requisite for sanctioning of loan under the Scheme. |
 |
|
