Inaugurated by none other than the father of the Nation, Mahatma Gandhi, in the year 1921, Union Bank of India is counted amongst the largest government-owned banks in India today. With an asset base of $ 13.45 billion, it has also been listed on the Forbes 2000. The bank employs over 35,000 people and all of its branches have been networked with 6909 ATMs (recorded figure in September 2015). Union Bank of India offers personal loans to both salaried (government as well as non-government employees) and self-employed individuals. Its personal loan products are divided into three types – Union personal scheme for salaried individuals other than government employees, personal loan under special retail lending scheme for government employees and Union personal loan for non-salaried individuals. The idea of offering these personal loans is to help people meet their immediate need of a lump sum amount. Following are more details on the eligibility criteria, features and charges associated with the Union Bank of India personal loans.