Union Bank business loan repayment online

  • Union Bank of India is a prominent public sector bank offering various financial services to individuals, businesses, and institutions across India. Established in 1919, the bank has a rich history and a strong presence in urban and rural areas. Union Bank provides services such as savings and current accounts, loans, credit cards, and investment products, aiming to meet the diverse needs of its customers. With a focus on innovation and customer-centric solutions, Union Bank is committed to delivering accessible and reliable banking services to millions of customers.

    Bajaj Pay, the BBPS platform from Bajaj Finserv, makes loan repayments easy and efficient. With this platform, you can view, pay, and download your loan repayment receipt with just a few clicks. Bajaj Pay also supports payments for various other financial obligations, allowing you to streamline multiple payments in one place.

    How to make your Union Bank business loan repayment through the Bajaj Finserv website

    To make your loan repayment on the Bajaj Finserv website, follow these points:

    1. Visit the Bajaj Finserv website.

    2. Navigate to ‘LOAN REPAYMENT’ under the ‘PAYMENTS’ section and click on the ‘PAY NOW’ option.

    3. Choose your biller from the dropdown or use the search bar.

    4. On the next page, fill in the requested details and click on ‘PROCEED’.

    5. Verify all the details on the page and click on ‘PROCEED TO PAY’.

    6. Choose from the available payment options and click on ‘PAY’.

    Once the transaction is completed, you will receive a notification shortly with payment confirmation.

    Payment via internet banking and debit card

    Repaying your Union Bank business loan through internet banking or debit cards is a fast and secure method. Here is how to do it:

    1. Customers can use debit cards directly to pay loan EMIs on platforms like Bajaj Finserv

    2. Navigate to ‘LOAN REPAYMENT’ under the ‘PAYMENTS’ section and click on the ‘PAY NOW’ option.

    3. Choose your biller from the dropdown or use the search bar.

    4. On the next page, fill in the requested details and click on ‘PROCEED’.

    5. Verify all the details on the page and click on ‘PROCEED TO PAY’.

    6. Choose from the available payment options – net banking or debit card and click on ‘PAY’.

    Once the transaction is completed, you will receive a notification shortly with payment confirmation.

    The system will immediately process your payment and generate a receipt for your records. Always check your email or SMS for payment confirmation.

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.

Explore and apply for co-branded credit cards online.

Invest in fixed deposits and mutual funds on the app.

Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.

Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.

Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.

Shop from over 100+ brand partners that offer a diverse range of products and services.

Use specialised tools like EMI calculators, SIP Calculators

Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

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Frequently asked questions

How can I check my Union Bank business loan balance?
You can check your Union Bank business loan balance through the official website or mobile app. Log in to your account using your credentials. Navigate to the loan section, where your current balance is displayed. Alternatively, contact customer support for assistance.

What if my Union Bank Loan payment fails?
If your Union Bank loan payment fails, the amount will be reversed, excluding any applicable taxes. You should verify your bank statement to confirm the deduction. If the issue persists, contact customer support for assistance and guidance on resolving the payment failure.

How do I set up an auto-debit for my Union Bank business loan?
Log in to your account on their website or app to set up an auto-debit for your Union Bank business loan. Navigate to the auto-debit section and provide the necessary bank details. Confirm your authorisation; your payments will be automatically deducted on the due date.

Can I change my payment schedule?
Yes, you can request a change to your payment schedule by contacting Union Bank's customer support. They may require documentation and a valid reason for the change. Approval is subject to their policies and terms.

What are the consequences of missing a payment?
Missing a payment can result in late fees and negatively impact your credit score. It may also lead to higher interest rates on future loans. To avoid these consequences, ensure timely payments or communicate with Union Bank if you anticipate delays.

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