United Bank of India Bhubaneswar

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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

BranchAddressIFSCMICRContact details
BhubaneswarMarket Building, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751009UTBI0BBS414751027002
Chandaka Industrial EstateShed No - 53, Type - S - 2, Mancheswar, Bhubaneswar, Industrial Estate Zone - 6, Khurda - 751010, OrissaUTBI0CIEJ48751027003(0674) 2580370
NayapalliPlot No - 3, Nayapalli, Infront Of Dav School, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751012UTBI0HDBJ02751027005(03254) 255254
Heads Of Department Buildings,Heads Of Department Buildings, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751001UTBI0HEAK32751027008228001
Hotel Kalinga (Ashoka)Goutam Nagar, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751014UTBI0HKAK34751027009235020
Malisahi25A, Kharvel Nagar, Unit - Iii, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751001UTBI0MSHK207510270042534705
Orissa Legislative Assembly Orissa Legislative Assembly Campus, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751001UTBI0OSBK317510270072395336
Sahid NagarB - 58, Sahid Nagar, Bhubaneswar, Dist - Khurda, Orissa, Pin - 751002UTBI0SDN4687510270062545182
ChandrasekharpurGa Plot No. 82, P.O. & P.S. Chandrasekharpur, Patia Main Road, Bhubaneswar, Dist. Khurda, Orissa, Pin - 751021UTBI0CDPK64Non-MICR2740554
Bhubaneswar Regional OfficeA - 88, Kalpana Area, Bhubaneswar 751 014, OrissaUTBI0XUA500Non-MICR0674-2314532/2314462
Kiit University Kiit University Campus, Near Kiit Post Office, Dist.Khurda, Bhubaneswar, Pin -751024, OrissaUTBI0KITQ08Non-MICR9937027043
AiginiaPlot No - 6, Chidananda Vihar, (Near Kolathia Square), Po- Aiginia, Bhubaneswar, District Khurda
Orissa
UTBI0AIGQ09Non-MICR9777284417
PhulnakharaPlot No.751, At/Po. Phulnakhara, Dist. Cuttack, Pin-754001, OrissaUTBI0PHKQ10Non-MICR9777611764

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

 

ProductEligibilityLoan amountInterest rateProcessing feeTenure
Home loanApplicants 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%NIL30 years
Personal loanYou 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 salary13.45%1% of the loan amount availed36 months i.e. 3 years
Car loanFor 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 Lakhs8.85% - 9.65%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 depositsPeople 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
4.00% - 6.50%NIL15 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 applicable7 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 Lakhs13.35%60 months i.e. 5 years
Education loanThe 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 LoanIndividuals, 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%
NILTerm 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-

ProductDocuments
Home loanPhotographs 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 loanCompletely 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 loanCompletely 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 depositA 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 propertyCompletely 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 loanProof 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

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