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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.
Purpose
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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