United Bank of India New Delhi
Last Updated : Feb. 24, 2017, 7:52 p.m.
About United Bank of India
United Bank of India is one of the responsible public sector banks in the country which has created a name for itself. It has worked hard to meet the financial requirements of the people of India. It belongs to the category of 14 banks that were nationalized on July 19, 1969. It was incorporated when four different banks of the past, Bengal Central Bank Ltd., Comilla Banking Corporation Ltd., Hooghly Bank Ltd and Comilla Union Bank Ltd. were merged together with one another in the year 1950. The bank when nationalized had advances of about ₹ 112 crores 174 something branches and about ₹ 147 crores of deposits. Presently, the bank has over 2000 branches and offices in different states India. The main head office of United Bank of India is set up in the city of Kolkata which is the former capital of India. It boasts of a business of ₹ 2 lakh crore.
United bank of India has a three-tier organizational set up which consists of a head office, regional offices, and branches. There are three full-fledged overseas branches of the bank located in Kolkata, Mumbai and New Delhi. The bank is working out a plan to expand its international activities further to a newer level. The bank got the golden jubilee award in the year 2007, for being the best bank in the north-east region for its exceptional excellence in the industry of khadi. The award was facilitated to the bank by MSME Ministry. The bank is credited for playing an instrumental role in spreading banking facilities to different regions of the country, in particular, the north-eastern and eastern belt. New Delhi is the capital of India and a very important city which has an importance of its own. United bank of India has established more than 30 branches in the city so that people of the city have a ready solution when it comes to the matter relating to finance.
Address of United Bank of India New Delhi branches
| Branch | Address | IFSC | MICR | Contact details |
|---|---|---|---|---|
| Asaf Ali Road | 12/4, Asaf Ali Road, New Delhi - 110002, New Delhi | UTBI0ASA704 | 110027002 | 1800-345-0345 |
| Bipin Pal Marg | A - 81, C.R. Park, New Delhi - 110019, New Delhi | UTBI0BPM777 | 490027002 | 1800-345-0345 |
| Ashok Vihar | 2, Commercial Shopping Centre No.Ii, Ashok Vihar, Phase - Ii, Delhi, Dist - New Delhi, Delhi, Pin - 110152 | UTBI0AOV786 | 110027042 | 1800-345-0345 |
| Chandni Chowk | 137, Chandni Chowk, Delhi - 110006, New Delhi | UTBI0CCH701 | 110027003 | 1800-345-0345 |
| Connaught Circus | J C Das Building, 90/8, Connaught Circus, Near Madras Hotel, Dist - Delhi, New Delhi, Pin - 110001 | UTBI0CON702 | 110027022 | 1800-345-0345 |
| Chittaranjan Park | H - 1598, D D A Shopping Complex, Market No - 4, C R Park, New Delhi - 110019, New Delhi | UTBI0CPK713 | 110027004 | 1800-345-0345 |
| Daryaganj | Times Of India Building, 10, Daryaganj, New Delhi - 110006 | UTBI0DRE782 | 110027041 | 1800-345-0345 |
| Dwarka | Bhagawati Plaza, Plot No - 12, D D A Commercial Complex, Sector - V (MLU Pocket), Dwarka, Dist - Delhi, New Delhi, Pin - 110075 | UTBI0DWK743 | 110027032 | 1800-345-0345 |
| Greater Kailash | N - 3 (Market), Greater Kailash, Part - I, New Delhi - 110048, New Delhi | UTBI0GKH707 | 110027007 | 1800-345-0345 |
| Gandhinagar | X/2267, Main Road, Kailash Nagar, Gandhinagar, New Delhi - 110031, New Delhi | UTBI0GNG729 | 110027006 | 1800-345-0345 |
| Janakpuri | C - 2/393, Main Pankha Road, Janakpuri, New Delhi - 110058, New Delhi | UTBI0JPI773 | 700027201 | 1800-345-0345 |
Products offered by United Bank of India
Want to buy a home which you have always dreamt of? Want to sponsor your son’s education? Interested in starting your own business and need finance for that? Want to purchase a brand new car? The wish may be different but the solution remains the same- United bank of India. The bank provides customers with a gold loan, home loan, car loan, education loan personal loan, loan against property and business loan. Grab more information by properly examining the two tables below-
Basic details of United Bank of India loans in New Delhi
| 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 New Delhi 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 |