Bank Loan News :- Inflation is increasing with time. Such times can come anytime in a man's life. When he may need money. Sometimes this happens. Seeing the economic condition of the needy person, people even refuse to give money on loan. Because of which mutual relations also get spoiled. In such a situation, the best way to keep everything right is to take a loan from the bank. Today we will tell you about such a bank which is giving loan at very cheap rate.

This bank waived the processing fee

Many banks are like this. From whom they do take loans. But apart from the loan from the bank, other fees are also recovered in many ways. Due to which the burden of loan on the borrower increases considerably. For information, let us tell you that whenever a person applies for a loan. So people have to pay processing fees. All banks also have their own processing fees. Meanwhile, Union Bank of India (UBI) has announced to waive processing fees.

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Credit score must be 700 or above

Union Bank of India has announced that it will not charge processing fees from customers wishing to take home loans and vehicle loans. The benefit of this facility provided by the bank will be given to only a few customers. If you want to take a free processing loan from Union Bank of India to buy a house or a car. So your credit score should be 700 or above.

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limited time benefit

Customers will get the benefit of this facility provided by the bank only when they transfer the loan taken from any bank or NBFC to Union Bank of India. The benefit of this scheme can be taken from 16 August 2023 to 15 November 2023. This facility is being given to the customers only for a limited time. After this this facility can be turned off. Therefore, you can take advantage of the free processing loan facility as soon as possible.

Posted Date: August 28, 2023

Publish Date: August 28, 2023

Posted By Rahul Bhardwaj

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