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Apply online for a Unity SFB pre-approved personal loan of up to ₹5 Lakhs.
Unity Small Finance Bank (SFB) offers pre-approved personal loans designed to meet your financial requirements. Eligibility depends on your credit score, financial stability, and other criteria. The bank provides competitive interest rates for affordable borrowing.
Pre-approved offers allow you to get an instant loan with no or minimal documents. Additionally, Unity SFB provides a cooling-off period after disbursement, allowing you to reconsider your decision if needed.
Unity Small Finance Bank provides pre-approved loans that ensure convenience, speed, and minimal paperwork. Eligible customers can instantly apply for these loans when they need quick funds for short-term needs.
The loan offers:
Instant availability of funds
Loan amount based on credit score and other criteria
No collateral requirement
Minimal documentation
Flexible repayment tenure
You can borrow up to ₹5 Lakhs, subject to your eligibility. The sanctioned amount depends on your income, credit score, and overall financial profile.
The interest rate typically ranges from 16% to 30% per annum (APR), inclusive of all applicable fees. The exact rate offered will vary based on your individual profile and repayment capacity.
You can select a repayment timeline between 6 months and 3 years. This flexibility allows you to choose an EMI plan that aligns with your financial comfort.
The loan is unsecured, meaning you are not required to pledge any asset as security. This makes it easier to access funds without risking your property or valuables.
Knowing the interest rate and charges helps you assess the total cost of borrowing. The following table presents key details about the interest rate and other important charges of the personal loan offered by Unity SFB:
| Particulars | Details |
|---|---|
Interest Rate |
16% p.a. to 30% p.a. |
Processing Charge |
Up to 3% of the loan amount + GST |
Amortisation Schedule Statement |
One free per year, ₹100 for every additional request |
E-Mandate Failure Charges |
₹500 + GST |
Recovery / Collection Charges |
₹300 per visit + GST |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
Unity Small Finance Bank applies certain other fees to personal loans. Staying aware of them is important as these fees can increase your total cost. Some of the important charges the bank imposes are:
| Particulars | Details |
|---|---|
Cheque Bounce Charges |
₹500 + applicable tax |
Foreclosure Charges |
|
Stamp Duty Charges |
Actuals by the customers |
Penal Charges |
36% per annum on the overdue amount for the default period |
Loan cancellation |
Nil |
Disclaimer: The details mentioned above are subject to change at the lender’s discretion.
To qualify for a personal loan from Unity Small Finance Bank, you need to meet the following criteria:
Age: You must be aged between 23 and 55 years
Monthly Income: You have have a minimum income of ₹20,000
The basic documents you need to submit are:
| Document Type | Accepted Documents |
|---|---|
Identity Proof |
Voter ID, Aadhaar Card, PAN Card, Passport, or any other valid government-issued ID |
Address Proof |
Aadhaar Card, Driving Licence, Voter ID, Passport, Utility Bills, Rent Agreement, etc. |
Income Proof |
Latest salary slips (last 3 months), Income Tax Return (ITR), or latest Form 16 |
Other Requirements |
Duly filled loan application form with complete and accurate details |
Since the loan is pre-approved, the bank may already have these documents on hand. If needed, it may ask you to submit other documents for further authentication.
Here are the benefits:
You only need basic KYC documents and income proof and benefit from a 100% online application process. This helps you get the funds you need anytime, anywhere.
You can choose the ideal repayment term to ensure your EMIs suit your budget.
You can see the charges applicable to personal loans stated clearly. There is no need to stress about hidden fees.
You can check the terms and features of a wide range of trusted lenders and select the one that best suits your finances.
Lenders evaluate several factors when offering pre-approved personal loans, including your banking history, repayment behaviour, employment status, job security, and professional background. Key considerations that can improve your likelihood of approval include:
Your cibil score is a primary consideration. A score between 720–750 is generally considered optimal. While Unity SFB offers loans to applicants with a minimum score of 675, maintaining a score above 700 significantly improves your eligibility for pre-approved offers.
Maintaining an average monthly balance that meets the bank’s requirements is essential. Lenders also assess your spending patterns, family obligations, and existing loan or EMI commitments.
Consistently paying your credit card bills on time over the past year demonstrates responsible financial behaviour and positively influences loan eligibility.
A stable income and secure employment are crucial. Lenders typically review recent salary slips, and Unity SFB considers your job profile and employment stability when issuing pre-approved offers.
It is a loan offer extended to select customers with strong creditworthiness, providing access to funds of up to ₹5 Lakhs, depending on their financial profile.
You are eligible if you are between 23 and 55 years of age and have a minimum monthly income of ₹20,000. Additionally, your credit score should be 675 or higher. The bank may also consider additional factors before providing you with a pre-approved loan offer.
The loan is available to resident individuals as well as Hindu Undivided Families (HUFs) who meet the eligibility criteria.
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