Union Bank Loan Payment: Online Loan Repayment Made Easy
One of the top banks in the nation, Union Bank of India provides its clients with a vast array of financial goods and services. A personal loan product called a Union Bank Quick Loan is intended to give quick and simple access to money for unexpected costs, home improvements, education, medical expenses, and other personal requirements. Both salaried and self-employed individuals are eligible for the loan.
Online access to the Union Bank loan payment is available via the bank's website or mobile application. The loan application procedure is easy to understand and requires little in the way of supporting documentation. A hassle-free and practical choice for people in need, the loan proceeds are delivered straight to the borrower's Union Bank account after approval.
Features and benefits of loan repayment on Bajaj Finserv BBPS platform
Some of the benefits of making Union Bank loan repayment on the Bajaj Finserv BBPS platform include:
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Quick and hassle-free
With Bajaj Finserv's BBPS platform, you can repay your Union Bank loan quickly and effortlessly.
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Safe and secure
Bajaj Finserv provides a safe and secure payment platform on BBPS. Your payment details are secure with the platform’s robust security measures.
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Multiple payment options
Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, and UPI. This allows you to choose the payment method that suits you best.
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Instant confirmation
After making the payment, the platform immediately confirms the payment through an email and SMS.
Fees and charges
The following charges are applicable on mobile recharges and bill payments:
Payment |
Charges (Rs.) |
Payment for bills and recharges |
Convenience fee up to 2% per transaction (inclusive of applicable taxes)* |
Payment of rent using credit card as a payment mode |
2% per transaction (inclusive of applicable taxes)* |
Platform fee |
Up to Rs. 5/- for each prepaid mobile recharge |
*Convenience fee is applicable on specific payment instrument and subject to revision from time to time
Note - For failed transactions, the total amount including charges except taxes are reversed.
Frequently asked questions
To pay your Union Bank loan online using Bajaj Finserv BBPS platform, follow these steps:
- Download the Bajaj Finserv app from Google Play Store or App Store
- Log in with your credentials
- Go to ‘BILLS AND RECHARGES’
- Select ‘LOAN REPAYMENT' under the ‘FINANCIAL SERVICES AND TAXES’ section
- Select ‘UNION BANK’ as the issuing bank and enter your Loan agreement number
- Enter the loan amount and select the preferred payment mode
- Make the payment to repay your loan
If the borrower fails to make the EMI payment on the due date, Union Bank charges a late payment fee on your account. If the EMI remains unpaid for an extended period, the bank may take legal action against the borrower. In case of default, the bank may also seize the pledged collateral.
The quick loan code can be generated by the borrower by visiting the Union Bank website or mobile app and submitting the loan application form. The borrower will receive the loan code via SMS and email once the loan is approved.
Borrowers can check their Union Bank loan amount by logging into their Union Bank account through the bank's website or mobile app. They can also call the bank's customer care center or visit the nearest Union Bank branch and inquire about their loan amount.
