Union Bank of India Customer Review, Rating

Average Customer Rating
3.3/5  by 1 users
Interest Rate
  3/5
Fees & Charges
  4/5
Pre - Sales Service
  3/5
Post - Sales Service
  3/5
Customer Reviews
Reviewed on 23rd Aug 15
3.3 / 5 stars
Overall Good Service
Union Bank of India Personal Loan Availed in 16-Jun
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News - Apr 2017
11th Apr 17 Cyber attack on Union Bank of India similar to Bangladesh
A cyber attack on Union Bank by hackers through an e-mail attachment containing malware stole the bank’s access codes for SWIFT (Society for Worldwide Interbank Financial Telecommunications) and transferred around $170 million to a Union Bank account at Citigroup Inc. New York.
04th Mar 17 Union Bank to strengthen its retail and MSME loan portfolio
Union Bank of India is planning to focus on strengthening its business across various loan segments including retail and MSME loans to meet its targets. The bank has reported a decent growth in its share of domestic loans that increased to 54.8 percent during third quarter of FY17 as compared to 51 percent for the corresponding period in FY16.
04th Feb 17 Union Bank of India reduces MCLR by up to 15 basis points across various tenures
Union Bank of India has reduced its overnight and one month marginal cost of lending rates of to 8 and 8.20 percent as compared to 8.15 and 8.35 percent respectively. The revised three months and six months MCLR has been revised to 8.25 and 8.35 percent respectively. The bank has also reduced its three year MCLR by 5 basis points to 8.60 percent. The new rates are effective from 1st February, 2017.
02nd Jan 17 Union Bank of India reduces MCLR by up to 90 basis points
Union Bank of India has reduced its overnight and three months marginal cost of lending rates to 8.15 and 8.40 percent as compared to 9.05 and 9.15 percent earlier. The revised MCLR for six months and one year now stands at 8.50 and 8.65 percent respectively. Similarly, three year MCLR has reduced to 8.75 percent as compared to 9.40 percent earlier. The rates are effective from 1st January, 2017.
18th Nov 16 Union Bank new business loan scheme for startups
Union Bank of India has launched a new business loan scheme to support and promote start ups at its 98th foundation day. The bank will provide term loan and working capital finance up to Rs. 5 crores at low interest rate with no processing fees.
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