Top Banks 2024
United Bank of India Bhubaneswar
Last Updated : Aug. 30, 2018, 5:23 p.m.
About United Bank of India
United Bank of India is a well-known name in the Indian banking world because of its immense contribution to the sector. The bank has been working day in and day out to meet the financial needs of the people living in India. The public sector bank which is headquartered in Kolkata, was nationalized on July 19, 1969. It was set up in the year 1950, when Hooghly Bank Ltd., Bengal Central Bank Ltd., Comilla Union Bank Ltd. and Comilla Banking Corporation Ltd were amalgamated to form United Bank of India. The bank aims to come out as a customer-centric, techno-savvy, strong and financially sound lending institution in our country. The banks wishes to have a pan India presence whereby it can reach to every end of the country possible. At present, the bank has more than 2000 branches and offices in different states of India. The bank is known for being a responsible banker as it contributed actively in spreading out the services of banking to the eastern and north-eastern belt.
United Bank of India has been applauded by both the banking industry and the government of India from time to time. The bank was facilitated with the National Award from the Micro Small and Medium Enterprises ministry. It got the award in the year 2009 for its exceptional performance in the north-eastern area of the country, under the Prime Minister Employment Guarantee Programme. Bhubaneswar is one of the planned cities of India and is a major centre of education and trade in the eastern region. United Bank of India has taken up the responsibility to act as an advocate for the people of the city by providing timely loans. The bank has more than 15 branches in the city located at important places.
Address of United Bank of India Bhubaneswar branches
| Branch | Address | IFSC | MICR | Contact details |
|---|---|---|---|---|
| Bhubaneswar | Market Building, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751009 | UTBI0BBS414 | 751027002 | |
| Chandaka Industrial Estate | Shed No - 53, Type - S - 2, Mancheswar, Bhubaneswar, Industrial Estate Zone - 6, Khurda - 751010, Orissa | UTBI0CIEJ48 | 751027003 | (0674) 2580370 |
| Nayapalli | Plot No - 3, Nayapalli, Infront Of Dav School, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751012 | UTBI0HDBJ02 | 751027005 | (03254) 255254 |
| Heads Of Department Buildings, | Heads Of Department Buildings, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751001 | UTBI0HEAK32 | 751027008 | 228001 |
| Hotel Kalinga (Ashoka) | Goutam Nagar, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751014 | UTBI0HKAK34 | 751027009 | 235020 |
| Malisahi | 25A, Kharvel Nagar, Unit - Iii, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751001 | UTBI0MSHK20 | 751027004 | 2534705 |
| Orissa Legislative Assembly | Orissa Legislative Assembly Campus, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751001 | UTBI0OSBK31 | 751027007 | 2395336 |
| Sahid Nagar | B - 58, Sahid Nagar, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751002 | UTBI0SDN468 | 751027006 | 2545182 |
| Chandrasekharpur | Ga Plot No. 82, P.O. & P.S. Chandrasekharpur, Patia Main Road, Bhubaneswar, Dist. Khurda, Orissa, Pin - 751021 | UTBI0CDPK64 | Non-MICR | 2740554 |
| Bhubaneswar Regional Office | A - 88, Kalpana Area, Bhubaneswar 751 014, Orissa | UTBI0XUA500 | Non-MICR | 0674-2314532/2314462 |
| Kiit University | Kiit University Campus, Near Kiit Post Office, Dist.Khurda, Bhubaneswar, Pin -751024, Orissa | UTBI0KITQ08 | Non-MICR | 9937027043 |
| Aiginia | Plot No - 6, Chidananda Vihar, (Near Kolathia Square), Po- Aiginia, Bhubaneswar, District Khurda Orissa | UTBI0AIGQ09 | Non-MICR | 9777284417 |
| Phulnakhara | Plot No.751, At/Po. Phulnakhara, Dist. Cuttack, Pin-754001, Orissa | UTBI0PHKQ10 | Non-MICR | 9777611764 |
Products offered by United Bank of India
United Bank of India is the bank that has always cared for the emotions of the customers. It has created products that can not only meet their expectations but even exceed them. The products available with the bank include a personal loan, gold loan, home loan, business loan, loan against property, car loan and education loan, check the important information relating to the products through the help of tables.
Basic details of United Bank of India loans in Bhubaneswar
| 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 Bhubaneswar 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 |