Union Bank of India
Overview
Home loan is given for the purpose of purchase of independent house/flat, construction of independent house/flat, repair/improvement/extension of house/flat.
Loan Feature
| Loan Amount | Upto Rs. 3 crore (up to 80% of the total cost of property) |
| Interest Rate | 10.75% to 13.50% |
| Tenure | Maximum 25 years |
| Pre Payment Charges | Information not available |
| Service Charges | 0.50% of the total loan amount, maximum Rs.15000/- |
Eligibility Criteria : Home Loan
| Salaried | Self | |
|---|---|---|
| Age | Minimum 21 years | Minimum 21 years |
| Income | Information not available | Information not available |
| Job Experience | Information not available | Information not available |
| Residence Proof | Valid Residence proof | Valid Residence proof |
Docs Required : Home Loan
| Salaried | Self | |
|---|---|---|
| ID Proof | PAN card/Voters ID/Passport/Driving License/Any other valid proof | PAN card/Voters ID/Passport/Driving License/Any other valid proof |
| Address Proof | Recent telephone bill/Electricity bill/Passport/Voters ID/Driving License/Any other valid address proof | Recent telephone bill/Electricity bill/Passport/Voters ID/Driving License/Any other valid address proof |
| DOB Proof | Information not available | Information Not Available |
| Financial Docs | • Statements (latest 3 months bank statement / 6 months bank passbook) • Last one year ITR |
• Last 3 years ITR |
Other Charges : Home Loan
0.50% of loan amount subject to a maximum of Rs.15000/- plus service tax as applicable
PREPAYMENT PENALTY
Floating rate loans:
Floating rate loans:
There is no prepayment penalty if loanis prepaid from own verifiable sources or taken over by other banks/FIs.
Fixed rate loans
There is no prepayment penalty if loanis prepaid from own verifiable sources.
A take-over penalty of 2% is chargedon the average outstanding balance of the preceding 12 months if the loanis taken over by any other bank / FI or adjusted by the borrower in lumpsumfrom any third party/source (except genuine sFloating rate loans:
Fixed rate loans:
SECURITY:
Products offered by Union Bank of India
 |
 |
 |
 |
 |
 |
ccentium