Union Bank of India Home Loan

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All About Union Bank of India Home Loan

Apply Union Bank Of India Bank Home Loan

Union Bank of India Home LoanA Home Is Every One’s Dream. UBI makes It True. Easy Repayable Installments. Value Added Services. Minimum Paper Work.

 

Union Bank Of  India Home Loan

Eligibility: Union Bank Of India Home Loan

  • Indian Citizen – 21 Years And Above.
  • Either Single Account Or Joint Account With Other Family Members Viz.(Father, Mother, Spouse Or Son ) With Regular Source Of Income.
  • Individuals Who May Be Employed/Self-Employed In Business Having Regular Income.
  • A Minimum Of 40% Marks As Per Investment Grade Scoring Chart (Internal Method Of The Bank).

Purpose: Union Bank Of India Home Loan

  • Purchase/Construction Of Independent House/Flat.
  • Repair/Improvement/Extension.
  • Repayment Of Loan Availed From Another Agency/Bank/NBFC.
  • For Purchase/ Construction Of 2nd Property (Independent House/Flat)
  • Plot Sold By A Government-Recognized Agency Viz., Huda, Housefed And Such Others.

Quantum: Union Bank Of India Home Loan

  • Max Rs. 300 Lacs For Mumbai, Delhi, Kolkata, Chennai, Bangalore, Ahmedabad, Hyderabad, Gurgaon, Noida And New Delhi. 
  • For Other Cities Rs. 100 Lacs
  • Max. Rs. 10 Lacs For Repair.

Margin: Union Bank Of India Home Loan

  • For Loan Up To Rs. 200 Lacs, 20% Of The Cost Of The Property.
  • For Loan Above Rs. 200 Lacs, 35% Of The Cost Of The Property.

Repayment: Union Bank Of India Home Loan

  • Moratorium Up To 18 Months Wherever Loan Is Taken For Under Construction Flat Or Building.
  • By Equated Monthly Installment (Emi.)
  • The Maximum Repayment Period Should Not Exceed 25 Years (Including Moratorium) For Construction / Purchase Of House/ Flat And 10 Years For Repair.
  • Option Of Flip/Step-Up/Balloon Methods Of Repayments For The Convenience Of The Borrowers.

Union Bank Of India Home Loan Interest Rates

 

Loan Up To Rs. 30 Lacs

Tenor

Up To 5 Years

>5 Years To 10 Years

>10 Years To 15 Years

>15 Years To 25 Years

Fixed

12.50%

N.A.

N.A.

N.A.

Floating

Base Rate + 0.50%   

I.E. . 11.25%

Base Rate + 0.75% I .E. 11.50%

Base Rate + 0.75%

I.E.   11.50%

Base Rate + 1.00%

I.E.   11.75%

 

Loan Above Rs 30 Lacs Upto 50 Lacs :

 Tenor

Up To 5 Years

>5 Years To 10 Years

>10 Years To 15 Years

>15 Years To 25 Years

Fixed

13.50%

N.A.

N.A.

N.A.

Floating

Base Rate + 1.25%

I.E. . 12.00%

Base Rate + 1.50%

I.E. 12.25%

Base Rate +  1.50%

I.E.   12.25%

Base Rate +  1.75%  I.E. 12.50%

 

Loan Above Rs 50 Lacs And Up To 200 Lacs

Tenor

Up To 5 Years

>5 Years To 10 Years

>10 Years To 15 Years

>15 Years To 25 Years

Fixed

13.75%

N.A.

N.A.

N.A.

Floating

Base Rate + 1.25%

I.E. . . 12.00%

Base Rate +  1.50%

I .E. 12.25%

Base Rate +1.50%

I.E.   12.25%

Base Rate +1.75% I.E.

12.50%

 Loan Above Rs 200 To Rs 300 Lacs

Tenor

Up To 5 Years

> 5 Years To 10 Years

>10 Years To 15 Years

>15 Years To 25 Years

Fixed

N.A.

N.A.

N.A.

N.A.

Floating

Base Rate + 1.75% I.E. 12.50%

Base Rate +1.75% I.E. 12.50%

Base Rate + 2.00% I.E. 12.75%

Base Rate + 2.00% I.E. 12.75%

 

Processing Charges: Union Bank Of India Home Loan

0.50% Of Loan Amount Subject To A Maximum Of Rs.15000/- Plus Service Tax As Applicable

  • 50% Of The Processing Charges Plus Service Tax As Applicable At The Time Of Application
  • 50% Of The Processing Charges Plus Service Tax As Applicable On Acceptance Of Sanction 

Prepayment Penalty: Union Bank Of India Home Loan

No Prepayment Penalty If The Loan Is Adjusted By The Borrower From His Own Verifiable Legitimate Sources Of Income Or Genuine Sale. However 2% Charged On An Average O/S. Balance Of Last 12 Months If Loan Is Closed On Take Over By Other Banks/Financial Institutions.

 

Value Added Service: Union Bank Of India Home Loan

  • Credit Card Will Be Issued Free Of Annual Fees
  • No Hidden Or Built-In Costs
  • Quick Processing And Disposal Of Loan Applications
  • Flexible Repayment Options

Guarantee: Union Bank Of India Home Loan

Third Party Guarantee Is Not Mandatory.

 

Document Required: Union Bank Of India Home Loan

Completed Application Form· 2 Passport Size Photograph Of Each Applicants
· Proof Of Income, Salary Certificate, Income Tax Returns Etc.
· Proof Of Identity – Pan Card/ Voters Id/ Passport/ Driving License
· Proof Of Residence – Recent Telephone Bill/ Electricity Bill/ Property Tax Receipt/ Passport/ Voters Id /Bank Account Statement/Passbook For The Previous Six Months.
· Proof Of Business Address In Respect Of Businessmen/ Industrialists
· Sale Deed, Agreement Of Sale, Letter Of Allotment, Non-Encumbrance Certificate, Land/ Building Tax Paid Receipt Etc. (As Applicable And Subject To Satisfaction Report From Our Empanelled Lawyer)
· Copy Of Approved Plan And Approval From The Local Body
· Original NOC Under The Provisions Of ULC Act
· Copy Of The Order Permitting Land Conversion In Case Of Conversion Of Agricultural Land
· Non Encumbrance Certificate For 30 Years
· Copy Of The Land Tax Receipt/Building Tax Receipt
· Copy Of The Allotment Letter Of Housing Board/Builder/Co-Op. Society
· Affidavit

 

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