United Bank of India Bengaluru
Last Updated : Aug. 30, 2018, 5:22 p.m.
About United Bank of India
United Bank of India is one of the major public sector banks in the country which has a created a name for itself in the banking world. The bank got nationalized on July 19, 1969. It came into existence in the year 1950 when four different banks, Bengal Central Bank Ltd., Comilla Banking Corporation Ltd., Comilla Union Bank Ltd. and Hooghly Bank Ltd. were merged together. During the period of 1969 when it was nationalized, the bank had 174 branches, ₹ 112 crores of advance and ₹ 147 crores of deposits. But today the bank stands tall, where it is not only CBS enabled but also has 1999 offices and branches along with a total business of above ₹ 2 lakh crore. The bank has its main head office in Kolkata, in West Bengal. Currently, the bank has a three-tier organizational set up which consists of head office, regional offices and branches.
United Bank of India has always believed in delivering the best output when it comes to banking service. It has played a very big part in spreading banking service in the different states of India, especially the eastern and north-eastern belt. Four Rural regional banks in the states of Tripura, West Bengal, Assam and Manipur have been sponsored by United Bank of India. The bank has received many awards for its outstanding performance. In the year 2006, Ministry of small scale industries awarded it the National award. The award was for the second best performance when it came to financing small scale units.
When it comes to meeting the needs of one of the fastest growing cities of the world, Bengaluru, United Bank of India has always led from the front. It had opened more than 10 branches in the Silicon city.
Address of United Bank of India branches in Bengaluru
| Branch | Address | IFSC | MICR | Contact details |
|---|---|---|---|---|
| Bangalore Cantonment | 40/2, Brigade Road, Bangalore - 560001, Karnataka | UTBI0BGC815 | 560027003 | (080) 25582179 |
| Bangalore | 40 Kempegowda Road, Bangalore - 560009, Karnataka | UTBI0BGL806 | 560027002 | (080) 22354339 |
| Bannerghatta | Bannerghatta Main Road, Gottigere, Bangalore - 560076, Karnataka | UTBI0BTG850 | 560027007 | 1800-345-0345 |
| Electronic City | U B I Building, Plot No - 100, Electronic City (Opp. Infosys Tech), Bangalore - 561229, Karnataka | UTBI0ELC644 | 560027005 | (080) 28520014, 23113515 |
| Hebbal | No.2788/1, ‘E’ Block, , Sahakarnagar, , Bellary Main Road (International Airport Road), Hebbal, Dist - Bangalore, Karnataka, Pin - 560092 | UTBI0HBL855 | 560027008 | 1800-345-0345 |
| Indira Nagar | 680, 9Th A Main, Indira Nagar, 1St Stage, Bangalore - 560038, Karnataka | UTBI0IMR839 | 5800270025 | 25213198 |
| Shivaji Nagar | 59/62, Dharmaraja Koil Street, Shivajinagar, Bangalore - 560001, Karnataka | UTBI0SHV823 | 560027004 | (080) 25369824, 23507902 |
| IIPM Campus | Jnana Bharati Campus, P.O - Malathalli, Bangalore - 560056 Karnataka | UTBI0IPC856 | Non-MICR | (080)2271-0596 |
| Mahalakshmipuram | No.7, West Of Chord Road, Mahalakshmipuram, Ii Stage, Bangalore-560086, Karnataka | UTBI0MHL871 | Non-MICR | 080-23498790 |
| Yeshwanthpur | 1St Floor, 1067, Gokul, 1St Stage, II Phase, Mathikere, Yeshwanthpur, Dist. Bangalore, Pin 560054, Karnataka | UTBI0YAS874 | Non-MICR | 8095823362 |
Products offered by United Bank of India
United Bank of India offers its customers many products like home loan, car loan, business loan, personal loan and loan against their property so that they can fulfill their dreams. Anybody can who can match the eligibility criteria and complete the documentation work can obtain a loan from the bank. Check the below tables for more information-
Basic details of United Bank of India loans in Bengaluru
| Product | Eligibility | Loan amount | Interest rate | Processing fee | Tenure |
|---|---|---|---|---|---|
| Home loan | Applicants should be above the age of 21 and should have a regular source of income. 70 is the age when the loan needs to be fully repaid. Salaried employee need to be in permanent and regular service. Professional and self-employed individuals should be employed in their current trade or profession for a minimum of two years. Self-employed and businesses need to have at Income Tax returns of at least two years. | Metro- Up to ₹ 3 crores Urban- Up to ₹ 75 Lakhs Semi-urban- up to ₹ 45 Lakhs Rural- up to ₹ 25 Lakhs | 8.60% - 9.95% | NIL | 30 years |
| Personal loan | You need to be a salaried individual with a regular income and permanent service. You need to employed with the current company for at least two years | Up to ₹ 2 lakhs or 10 months gross salary | 11.40% - 16.95% | 1% of the loan amount availed | 36 months i.e. 3 years |
| Car loan | For salaried individual: The applicant should take home a minimum of Rs 25,000 after meeting all monthly commitments. This also includes the proposed EMI. For salaried individuals having pensionary income, the repayment age can be extended till 70 years. For self-employed professional and businessman: The maximum age can be 65 years although the loan needs to be fully repaid by the time the applicant completes 70 years. | Up to ₹ 30 Lakhs | 6.50% Onwards | 0.50% of the loan amount sanctioned. It can be a minimum of Rs. 500 and a maximum of Rs. 10,000 | Up to 84 months i.e. 7 years for a new car Up to 60 months i.e. 5 years for an old car |
| Fixed deposits | People who can open a fixed deposit with the bank- An individual Hindu United Family Associations/Clubs Joint Stock companies Firms Sole Proprietary concerns Guardians for minor children | 2.90% - 5.75% | NIL | 15 days to 120 months i.e. 10 years | |
| United Mortgage loan (Loan against property) | Anybody, whether a self-employed professional or a pensioner or a salaried individual can apply for a loan. The applicant should fall in the age bracket of 21 to 65 years. The applicant should have a property which he/she can mortgage. He/she must earn sufficient enough to repay the loan. Proprietors, partnership firms and companies can apply too. | Metro- ₹ 5 crores Urban- ₹ 3 crores Semi-urban- ₹ 1 crore Rural- ₹ 50 Lakhs | 10.70% | 1% of the sanctioned amount plus service taxes if applicable | 7 years |
| United Trade credit (Business loan) | Existing trader/service provider/business person can apply for a loan. You need to earn profit for at least two years. People engaged in business/service/trade with any other activity like manufacturing, construction, exports, agriculture, etc can also apply | Maximum- ₹ 50 Lakhs | 13.35% | 60 months i.e. 5 years | |
| Education loan | The applicant should be an Indian national who wants to pursue admission to any professional or technical course in India or abroad through merit or entrance test | For studying in India- ₹ 10 Lakhs For studying in abroad- ₹ 20 Lakhs | Up to ₹ 7.5 Lakhs- 11% Above ₹ 7.5 Lakhs- 10.95% | 15 years | |
| Gold Loan | Individuals, Proprietorship / Partnership firms, Joint Borrowers with KYC compliance can apply The applicant should have one SB/CD account with the Bank. Professional who are engaged in gold trading can’t apply for a gold loan. The applicant should have attained a minimum age of 21 years. The maximum age goes up to 70 years i.e. 70 is the age when the loan matures The applicant must earn a steady flow of income | Minimum amount- ₹ 25,000 Maximum amount- ₹ 10 Lakhs | Term Loan- 9.85% Overdraft- 9.85% | NIL | Term Loan- 12 months Overdraft- 12 months |
Documents required
The documents needed for availing a loan from United Bank of India Bengaluru have been mentioned below-
| Product | Documents |
|---|---|
| Home loan | Photographs of passport size of the applicant Completely filled application form Proof Of Identity- Aadhar card/Passport/PAN Card/Voter ID Card/Driving License Proof of Residence-Aadhar Card/Passport/Voter ID Card/Lease agreement/Telephone bill/Ration card/Electricity bill Proof of Age- Birth Certificate/ SSLC or AISSE Certificate/Passport/Driving License Proof of Income- Salaried individuals: Salary slip of three months /Latest salary certificate, IT returns of the past two years or Form 16 Bank statement of the past six months. Self-employed- Bank account statements of the past 12 months proof of existence of business and its profile Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account Property documents- Agreement for Sale & construction, Letter of Allotment, Tripartite Agreement which has to be given before disbursal of loan, Certificate of possession, Detailed cost of construction and Land tax receipt. |
| Personal loan | Completely filled and duly signed application form Proof Of Identity- Aadhar card/Passport/PAN Card/Voter ID Card/Driving License Proof of Residence-Aadhar Card/Passport/Voter ID Card/Lease agreement/Telephone bill/Ration card/Electricity bill A copy of PAN card is mandatory Applicant’s latest photo of passport size ( two copies) Income Documents- Salary slip of three months /Latest salary certificate, IT returns of the past two years or Form 16 and bank statement of the past six months |
| Car loan | Completely filled application form Proof Of Identity- Aadhar card/Passport/PAN Card/Voter ID Card/Driving License Proof of Residence-Aadhar Card/Passport/Voter ID Card/Lease agreement/Telephone bill/Ration card/Electricity bill Proof of Age- Birth Certificate/ SSLC or AISSE Certificate/Passport/Driving License Proof of Income- Salaried individuals: Salary slip of three months /Latest salary certificate, IT returns of the past two years or Form 16 Bank statement of the past six months. Self-employed- Bank account statements of the past 12 months proof of existence of business and its profile Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account |
| Fixed deposit | A coloured photograph Passport/ Driving License Last six months bank account details Documents required from the trust, association/ clubs Photographs of the member operating the account. A Copy of the Trust Deed/ Bye- laws of the association. A Copy of registration certificate. A Copy of the resolution of trustee authorizing the member to operate and open the accounts |
| Loan against property | Completely filled application form Proof Of Identity- Aadhar card/Passport/PAN Card/Voter ID Card/Driving License Proof of Residence-Aadhar Card/Passport/Voter ID Card/Lease agreement/Telephone bill/Ration card/Electricity bill Proof of Age- Birth Certificate/ SSLC or AISSE Certificate/Passport/Driving License Proof of Income- Salaried individuals: Salary slip of three months /Latest salary certificate, IT returns of the past two years or Form 16 Bank statement of the past six months. Self-employed- Bank account statements of the past 12 months proof of existence of business and its profile Income Tax returns of the previous two years along with Balance Sheet/ Profit & Loss account Property documents- Agreement for Sale & construction, Letter of Allotment, Tripartite Agreement which has to be given before disbursal of loan, Certificate of possession, Detailed cost of construction and Land tax receipt. |
| Business loan | Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill Bank statement of the last six months Proof of continuation -ITR /Establishment / Trade license/Sales Tax certificate Income Tax returns of the previous two years along with audited Balance Sheet and Profit & Loss account if applicable |
| Education loan | Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill Admission letter/Offer letter Fee structure proof Basic Qualification and mark-list |
| Gold loan | Proof Of Identity- Aadhar card/PAN Card/Passport/Driving License/Voter ID Card Recent photograph of passport size Proof of Residence- Voter ID Card/Aadhar Card/Passport/Lease agreement/Ration card/Telephone bill/Electricity bill/Trade license/Sales tax certificate |
