Union Bank of India provides an online personal loan eligibility calculator on their website that can help you determine your loan eligibility and the expected EMI based on your income, expenses, and other factors. Here are the steps to use the Union Bank of India personal loan eligibility calculator:
- Go to the Union Bank of India website and navigate to the personal loan section.
- Click on the “Eligibility Calculator” option to open the calculator.
- Enter your age, net monthly income, existing EMIs, and other monthly expenses.
- Select the loan tenure and the interest rate that you would like to use for the calculation.
- Enter your credit score, if you know it. If you don’t know your credit score, you can select the “I don’t know” option.
- Click on the “Calculate” button to see your estimated loan eligibility and EMI.
The calculator will give you an estimate of the maximum loan amount that you are eligible for and the expected EMI based on the details provided by you. It’s important to note that the actual loan amount and EMI may vary based on the bank’s policies, your credit history, and other factors.
Before applying for a personal loan from Union Bank of India, it’s recommended to contact the bank to learn more about the specific requirements and eligibility criteria for their personal loan products.