United Nari Samman Yojana
As a women, one has multiple roles such as home maker, income-earner and upbringing of
children, there is a variety of fianacial needs which are unique to them. As an
acknowledgement to their fiancial needs, United Bank of India brings a special loan scheme
to cater all personal finance needs of women who is either a salaried person or a
self-employed/ professional.
| Purposes |
Buying of gold ornaments, diamonds,
precious stones etc. Purchase of consumer durables/ household goods. Meeting of
expenses for wedding, domestic trip and other personal expenses. |
| Eligibility |
Age 18 years and above and
maintains a Savings/ Current Deposit/ Term Deposit A/c with the Bank and fulfills the
following criteria:– Any working woman (service holder/ professional &
self-employed person) with a minimum take home salary of Rs. 5,000/- per OR a house wife
jointly with her husband/working son or daughter within the eligible limit of income. |
| Quantum of Loan |
Minimum Rs. 0.10 lac and Maximum
Rs. 0.50 lac.(may be extended upto Rs. 1.00 Lac in deserving cases), subject to the
condition that the total deductions shall not exceed 60% of borrower-customer’s gross
salary. |
| Margin |
5% of the cost of article to be
purchased. |
| Security |
Primary: Hypothecation of
the article(s) to be purchased with the Loan. Collateral
i) For salaried - In case of an individual whose salary is disbursed through the
branch no additional security is required.
ii) Professional & Self-employed- the loan should be additionally secured by 30
to 50% of the loan amount by way of assignment of LIC Policy (SV)/ Bank’s own T.D./
N.S.C./ K.V.P., RBI Relief Bond etc. or personal guarantee of at least one person
acceptable to the bank. |
Rate of Interest
09.04.2007 |
Floating interest :
14.00% p.a. i.e. BPLR + 0.75% at present. Concession of 0.25% for a group of borrowers
(minimum 10) from single organisation shall be allowed provided the employer undertakes to
deduct EMI from salary and remit the same to the financing branch or the accounts are
maintained under United Salary Payment Scheme. |
| Repayment of Loan |
Maximum period of 36 months by
equated monthly installments; the loan shall be liquidated within the age of 60 years. |
| Processing fee |
0.5% of the loan amount |
| Add-on benefits |
A free UBI - SBI co-branded Credit
Card will be issued to the borrower-customer. |
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