Unity Small Finance Bank Personal Loan


Unity Small Finance Bank offers personal loans up to ₹5 lakh to help individuals meet various personal needs such as medical emergencies, travel expenses, or home renovations. The bank offers an easy application process, quick disbursement, and minimal documentation requirements. The loan comes with competitive interest rates, making it a viable option for those seeking immediate financial assistance without complex procedures.


Unity Small Finance Bank offers personal loans up to ₹5 lakhs with interest rates starting from 16% p.a., along with flexible repayment terms. Customers benefit from secure deposits, easy loan approvals, and comprehensive financial products like FDs and RDs.

Highlights of Unity Small Finance Bank Personal Loan

Here are the highlights of Unity Small Finance Bank Personal Loan:

Features Details
Loan Amount Up to ₹5 lakh
Interest Rate Starts from 16% p.a. (based on credit profile)
Repayment Tenure Flexible Repayment Tenure
Approval Time Fast, with minimal documentation
Collateral Not Required
*Note that the loan interest rates vary based on the creditworthiness of the borrower and as per the terms set by the lender. It is advisable to check bank’s official website for current interest rates for your loan type and application.

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Unity Small Finance Bank Personal Loan Interest Rates & Charges

The bank offers competitive interest rates and other charges based on your credit score and profile. Below is an overview:

Charge Details
Interest Rate 16% to 30%
Processing Fee Applicable as per bank norms
Late Payment Penalty Applicable as per bank norms
Prepayment/Foreclosure Fee Applicable as per bank norms
Interest rates are subject to the applicant’s profile, credit history, and income.

Eligibility Criteria of Unity Small Finance Bank Personal Loan

To qualify for a personal loan from Unity Small Finance Bank, applicants need to meet the following criteria:

  • Age: Must be between 21 and 58 years old.
  • Employment Type: Salaried individuals, professionals, and self-employed individuals.
  • Income: The applicant must meet the minimum income requirement set by the bank.
  • Credit Score: A good credit history and score are essential to secure a loan.
  • Other Criteria: The bank may impose additional requirements based on the loan amount and tenure.

Documents Required For Unity Small Finance Bank Personal Loan

For applying for an instant personal loan at Unity Small Finance Bank, the essential documents required include:

  • Proof of identity and income: PAN Card
  • Address and identity verification: Aadhaar Card
  • Financial history and income stability: 6 Months Bank Statement

These documents allow the bank to assess your financial status and eligibility. Always ensure that you provide accurate and up-to-date documentation to speed up the approval process.

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Unity Small Finance Bank Personal Loan EMI Calculator

Effortlessly calculate your EMI using an online EMI calculator. Just input the loan amount, interest rate, and loan tenure to instantly view your monthly payment. It's a quick and simple way to manage your loan finances efficiently.

%
Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Types of Loans Offered by Unity Small Finance Bank

Unity Small Finance Bank offers various types of loans to cater to diverse business needs:

  1. MSME Loan: Provides both secured and unsecured loans to Micro, Small, and Medium Enterprises for purposes such as working capital, asset purchases, or debt consolidation. The aim is to support growth across diverse sectors.
  2. Micro Loan: These loans are offered for women entrepreneurs under the Joint Liability Group (JLG) model, this loan empowers women to build and grow their businesses across various structures.
  3. Supply Chain Finance: Designed to provide working capital solutions to MSMEs and large corporates, enabling seamless business operations through options like Invoice Discounting and Receivables Finance.

Steps to Apply for Unity Small Finance Bank Personal Loan Online

Applying for a personal loan from Unity Small Finance Bank is a simple online process. Here are the steps:

  1. Visit the Bank’s Website: Go to the personal loan section.
  2. Fill the Application Form: Provide your personal, financial, and employment details.
  3. Submit Documents: Upload the required documents for verification.
  4. Review and Submit: Check the details and submit the application.
  5. Approval and Disbursal: Upon verification, your loan will be approved, and the amount will be disbursed to your account.

Unity Small Finance Bank Contact Details

To contact Unity Small Finance Bank for queries or assistance, customers can use the following details:

  • Helpline Number: 18002091122
  • Email: care@unitybank.co.in
  • Grievance Redressal Officer: Mr. Mahendra Bindra
  • Address: Unity Small Finance Bank Limited, Unit No. 2, First Floor, Central Plaza, 166 CST Road, Kalina, Mumbai - 400098
  • Escalation Email: level3escalation@unitybank.co.in
  • Mobile Contact: 9152366104 (available 9:30 AM to 6:00 PM, Monday to Friday)

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Invest Your Savings with Unity Small Finance Bank

Besides providing loans, Unity Small Finance Bank also offers other services including FD & RD schemes to grow your savings. Unity Small Finance Bank offers Fixed Deposit (FD) and Recurring Deposit (RD) schemes, allowing customers to grow their savings with attractive interest rates. The FD scheme ensures guaranteed returns over a fixed period, while the RD scheme is ideal for those who wish to save regularly with flexible options. Both options are designed to meet short-term and long-term financial goals.

For more details, visit the official Unity Small Finance Bank website at Unity Bank's Official Website.


Frequently Asked Questions

Interest rates start from 16% depending on the loan type and credit profile.

For Unity Small Finance Bank accounts, the minimum balance requirement depends on the type of account.

Unity Bank offers personal loans up to ₹5 lakh, with higher limits for business loans.

Basic requirements include valid ID proof, income documentation, and meeting credit eligibility.

Yes, deposits are insured up to ₹5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC).

Daily limits depend on the account type and transaction methods.

The bank offers competitive interest rates, easy loan approvals, digital banking, and deposit schemes like FD and RD.

Limits vary based on account types but typically include withdrawal and transaction restrictions tailored to customer profiles.

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