United Bank of India Hyderabad
Last Updated : Aug. 30, 2018, 5:25 p.m.
About United Bank of India
United Bank of India has truly united the soul of the country by bringing a smile on every face possible. It was established when four traditional banks were unified with one another in the year 1950. Hence it got the name United bank of India. It was nationalised on July 19, 1969. During that time it had about ₹ 112 crores of advances, 174 branches in the country and ₹ 147 crores of deposits. The main head office of the bank is in Kolkata, which is the former capital of our nation. Currently, the bank has spread its 1999 branches and offices to different cities and towns. The bank is doing quite well on the business front with ₹ 2 lakh crore as its total business. It has a three tier setup which includes main head office, offices and branches.
United Bank of India is working on ways to come out as dynamic and financially sound bank India which can always satisfy the needs of the customer. It has recently started being innovative to tackle the phase of demonetisation. It launched mobile ATM counters for rural areas which don’t have any kind of access to banks or ATMs. When it comes to meeting the needs of Hyderabad, United bank of India has always be the first one to offer its service. It has established more than 10 branches in the city.
Address of United Bank of India Hyderabad branches
| Branch | Address | IFSC | MICR | Contact details |
|---|---|---|---|---|
| AS Rao Nagar | Royal Embassy, 1St Floor (Eastern Part), Plot No.50, , Anupuram, Dr. A.S. Rao Nagar, , Secunderabad, Dist - Hyderabad, Andhra Pradesh, Pin - 500062 | UTBI0ARN852 | 500027009 | 040 2714 3689 |
| Bholakpur | 1-6-1055/A, Sri Aurobindo Bhavan, Musheerabad Cross Road, Bholakpur, Bholakpur, Hyderabad, Telangana 500020 | UTBI0BKP819 | 500027003 | (040) 27617432 |
| Bank Street | H.No 4-3-331,, Bank St, Inder Bagh, Koti, Hyderabad, Telangana 500095 | UTBI0HYD807 | 500027002 | 040 2475 5486 |
| Karkhana | 37/C, Rajiv Gandhi Rahadari, Vaavi Nagar, Old Vasavi Colony, Karkhana, Secunderabad, Telangana 500015 | UTBI0KRA836 | 500027007 | 2640348 |
| Malakpet | 16 - 2 - 705/9/G, 1St Floor, Malakpet, Hyderabad - 500036, Telangana | UTBI0MLP818 | 575027002 | 24558428 |
| Mahatma Gandhi Road, Ramgopalpet, Secunderabad, | Door No: 2-1-162, 1st Floor, Shankala Complex, Near General Bazar, Mahatma Gandhi Road, Ramgopalpet, Secunderabad, Telangana 500003 | UTBI0SEC813 | 600027001 | 27845992 |
| Yousufguda | Satya Sadan, F5, 101, Madhura Nagar, Yousufguda, Dist - Hyderabad, Telangana | UTBI0YOU838 | 500027006 | 23740484 |
| Mehdipatnam | No 4 - 6 - 22/1/B100 Vasudeva Reddy Nagar, Trinity Home, Attapur. Hyderabad - 500048 | UTBI0MPM853 | Non-MICR | 1800-345-0345 |
| LB Nagar | Near Kamineni, Plot No: 33& 34, Kesavareddy Complex,, Siris Rd, Rtc Colony, Lb Nagar, Hyderabad, Telangana 500074 | UTBI0HLB872 | Non-MICR | 24033553 |
| Anantapur | mig-74, 80 Feet Road, Housing Board Colony, Anantapur, Andhra Pradesh 515001 | UTBI0ANU883 | Non-MICR | 1800-345-0345 |
Products offered by United Bank of India
Whatever may be the requirement, United Bank of India is always ready with a solution. The bank offers financial assistance to loan applicants through the form of home loan, car loan, personal loan, business loan, education loan, gold loan and loan against property. People who wish to open a fixed deposit account with the bank can avail attractive returns for the same. For more information properly look at the two tables-
Basic details of United Bank of India loans in Hyderabad
| 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 Hyderabad 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 |
