Union Bank personal loan interest rate and EMI calculator

Union Bank of India's personal loan is priced at 9.30% to 12.90% by credit score, with a processing fee capped at ₹10,000, no foreclosure charge and compulsory credit life insurance.

9.3% to 12.9% a year
Up to ₹50 lakh
Up to 7 years

We don't arrange Union Bank loans. These figures are from Union Bank's own pages, for comparison; apply on Union Bank's own website or branch.

Rates and charges

Interest rate: 9.3% to 12.9% a year
Other published rates: The rate is linked to the bank's repo-linked lending rate (8.25% from 8 Oct 2026) and depends on your credit score. Rates from 8 Oct 2026: salaried 9.30% to 12.60%, self-employed 9.35% to 12.90%. Government employees have a separate scheme at 9.15% to 12.55%, lowest when the salary account is with Union Bank and the employer gives an undertaking. Professionals get 9.25% to 12.90%, women professionals from 9.15%, existing Union Bank home loan borrowers from 9.20%, and pensioners 10.35% (Union Cash).
Processing fee: 1% of the loan + GST, minimum ₹1,000 and maximum ₹10,000 (from 20 Oct 2026). No processing fee on the government employee, professional and home-loan-borrower schemes. Credit life insurance is compulsory, and its premium can be added to the loan.
Loan amount: Up to ₹50 lakh
Tenure: Up to 7 years
Closing early: No foreclosure charge. The bank's rules exempt floating-rate loans to individuals for non-business use and fixed-rate loans up to ₹50 lakh.
Part-prepayment: No part-prepayment charge, under the same rules as foreclosure.
Who can apply: Salaried and Self-employed
Minimum income: Not published
Age: Not published

Union Bank personal loan EMI calculator

Prefilled with Union Bank's lowest published rate and its highest published processing fee (1%). Change any number to match your offer.

Your loan

Monthly EMI: ₹15,970
Total interest: ₹74,912
Processing fee + 18% GST: ₹5,900
Total cost of the loan: ₹80,812
Effective annual cost: 10.11%
Money in hand: ₹4,94,100
You pay back in 3 yr: ₹5,80,812

Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.

Same loan, different tenures

EMI and total cost of a ₹5,00,000 loan at 9.3% for 12 to 60 months
Tenure	EMI	Total interest	Total cost (incl. fee + GST)	Effective annual cost
12 months	₹43,795	₹25,544	₹31,444	11.55%
24 months	₹22,911	₹49,870	₹55,770	10.49%
36 months (yours)	₹15,970	₹74,912	₹80,812	10.11%
48 months	₹12,514	₹1,00,666	₹1,06,566	9.93%
60 months	₹10,452	₹1,27,128	₹1,33,028	9.81%

A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.

Lenders you can apply to through us

The lowest published starting rates among the lenders we compare. We may earn a commission from these.

IDFC FIRST BankFrom 9.99% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
Poonawalla FincorpFrom 9.99% a year · ₹1 lakh to ₹50 lakhApply nowVia our referral partner. We may earn a commission.
InCred10% to 36% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
KreditBee12% to 27.5% a year · ₹3,000 to ₹10 lakhApply nowVia our referral partner. We may earn a commission.

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Questions people ask

What is the Union Bank personal loan interest rate?

Union Bank publishes 9.3% to 12.9% a year. The rate is linked to the bank's repo-linked lending rate (8.25% from 8 Oct 2026) and depends on your credit score. Rates from 8 Oct 2026: salaried 9.30% to 12.60%, self-employed 9.35% to 12.90%. Government employees have a separate scheme at 9.15% to 12.55%, lowest when the salary account is with Union Bank and the employer gives an undertaking. Professionals get 9.25% to 12.90%, women professionals from 9.15%, existing Union Bank home loan borrowers from 9.20%, and pensioners 10.35% (Union Cash). The rate you're offered depends on your credit score, income and employer.

What is the EMI on a ₹5 lakh Union Bank personal loan?

At Union Bank's lowest published rate of 9.3%, about ₹15,970 a month over 36 months; at 12.9%, about ₹16,823. Use the calculator above for your own amount and tenure.

What is Union Bank's personal loan processing fee?

1% of the loan + GST, minimum ₹1,000 and maximum ₹10,000 (from 20 Oct 2026). No processing fee on the government employee, professional and home-loan-borrower schemes. Credit life insurance is compulsory, and its premium can be added to the loan. GST at 18% is added to the fee.

Can I close a Union Bank personal loan early?

Closing early: No foreclosure charge. The bank's rules exempt floating-rate loans to individuals for non-business use and fixed-rate loans up to ₹50 lakh. Part-prepayment: No part-prepayment charge, under the same rules as foreclosure.

Can I apply for a Union Bank personal loan through CreditParakh?

No. We don't arrange Union Bank loans; apply on Union Bank's own website, app or branch. If you'd like offers from several lenders at once, our partner's matching page suggests lenders based on your profile.

Last verified 21 Oct 2026 on each issuer's official page. Rates and fees change; check the lender's terms before you apply.

Source (Union Bank's own page, not linked because we don't arrange its loans): https://www.unionbankofindia.bank.in/pdf/retail_roi.pdf. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.