Union Bank of India offers personal loans at interest rates starting from 10.40% p.a. for both salaried employees and self-employed individuals. A lower interest rate of 10.60% is offered for government employee under a special scheme. You can borrow a loan amount of up to Rs.10 lakh (Rs.10 lakh for government employees) and repay it within a tenure of 5 years. The bank also charges a processing fee of up to 0.50% of the borrowed loan amount, subject to a minimum charge of Rs.500. Union Bank of India offers multiple loan solutions for the benefit of its extensive customer base. You can avail a loan from the lender to pay for wedding expenses, meet emergency healthcare expenses, and to for pay for travel expenses, among other things.