There is total transparency with regard to the rate of interest and the fees charged by us. Union Bank of India offers personal loans at the cheapest rates of interest, with no security or collateral Union Bank of India offer loans for the longest tenors (60 months), with the flexibility provided to reduce the tenor by prepaying the loan without any penalty. The Bank provides finance for any personal need or requirement; the total amount being determined on the basis of repaying capacity. With an Union Bank of India personal loan, you can choose between fixed rates of interest and floating interest rates.