2017-09-11 :United Bank of India waives processing fee on retail loans
As a part of its special festive offer, United Bank of India has announced to offer a complete waiver off on processing fees across its retail loans including home loans, car loans and two wheeler loans. The waiver in processing fee which will be available only to the retail borrowers from September 1 to December 31, 2017. Meanwhile, the bank is also offering a 50 per cent waiver on processing fee for mortgage loan, personal and gold loans.
2017-06-16 :United Bank of India reduces 6 month MCLR to 8.55%
United Bank of India (UBI) has slashed its Marginal Cost of Funds Based Lending Rate (MCLR) for 6 month maturity with immediate effect. The MCLR rate for 6 month maturity has been reduced to 8.55 per cent from existing 8.60 per cent. However, the bank has kept its MCLR unchanged for overnight, one month, three month and one year maturity.
2017-05-19 :United Bank of India to raise funds up to Rs. 1,000 crore
United Bank of India is looking to raise funds up to Rs. 1,000 crore through various options. In its regulatory filing, the bank has reported that its board of directors has approved rising of equity capital via Qualified Institutions Placement, Public Issue and Right Issue. However, the bank has not disclosed the purpose of raising the capital.
2017-03-17 :UBI to Get Rs. 418 Crore Capital from Government
United Bank of India had received Rs. 608 crore from the central government through preferential allotment of equity shares in September, 2016. The central government will infuse another Rs. 418 crore capital in the bank as a part of turnaround-linked capital infusion plan. The government has also declared fund infusion of Rs. 22,915, out of Rs. 25,000 crore allocated for 13 public sector banks for the current fiscal 2016-17.
2017-01-06 :United Bank of India cuts lending rate by up to 90 basis points
United Bank of India has reduced its overnight and six months marginal cost of lending rates to 8.30 and 8.65 percent respectively. The revised one year MCLR is now 8.80 percent as compared to 9.40 percent earlier. The rates are effective from 6th January, 2017.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.