Manage Money

Bank Name

Credit Card Takeover Loan from Union Bank of India in Vellore

Vellore is a city as well as the administrative headquarters of the Vellore District of Tamil Nadu. It is a part of Tondaimandalam or Tondai Nadu. Located beside River Palar, Vellore has been ruled by various rulers such as the Pallavas, the Cholas, the Vijayanagar Empire, the Rashtrakutas, the Carnatic kingdom and the British. Legend says that the region housed many Velan (or Babul) trees, which gave the name "Vellore" to the city. The city of Vellore is the stronghold of the Arcot Mudaliars population. The other largest communities in the city are the Balija Naidus and the Muslims. The city has four zones that are further sub-divided into 60 wards for civic administration. Vellore is being developed into a smart city as per PM Narendra Modis Smart Cities Mission. Vellore is the home to two of Indias top educational institutions - Vellore Institute of Technology (VIT) and Christian Medical College & Hospital. The city is a major center for medical tourism in the country as people from all over the country travel to Vellore to seek various treatments. Moreover, Vellore is the top exporter of leather products in the country. The countrys biggest explosives manufacturing company is located in Vellore. It is called the Tamil Nadu Explosives Limited (TEL). The Vellore Fort, Srilakshmi Golden Temple and Sri Jalakandeswarar Temple are few of the places worth visiting in Vellore.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

Low interest rate Credit Card Take Over Loan in Vellore, 17 November 2019 from Union Bank of India

The Union Bank of India was incorporated on 11th November 1919 with its headquarters in Mumbai. In the year 1921, The Head Office of the Bank in Mumbai was inaugurated by Mahatma Gandhi. The Bank has a presence of over 4200+ branches across India. The core values of bank management are reflected in the fact that the bank has shown an exponential profit growth in last 96 years of its working. The Union Bank has been playing a very proactive role in the economic growth of India. It extends credit to meet the requirements of different sectors of the economy such as Industries, exports, trading, agriculture, infrastructure. Along with that, there are individual sectors in which the bank has given credit to influence economic growth and to earn from a well-diversified portfolio of assets. The resources of the bank are mobilized through Term Deposits, Current, Savings, and through refinance and borrowings from abroad. The Union Bank consists of large customer base of over 5.7 crores. On the technology front, the Bank has been an early adopter of technology due to which 100% of its branches are computerized. Shri Rajkiran Rai G. is the current Managing Director and CEO of the bank.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs