Union Bank of India Home Loan Apply, Interest Rate 2024

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Union Bank of India If you want to take home loan from Union Bank then this article is for you. Home Loan comes under the category of Secured Loan.

To take a home loan, the bank has to give you some security. If you are thinking of building a house and you are short of money then you can join Union Bank of India Home Loan. In this article, we will know what is Union Bank Home Loan, what is the interest rate of this loan, eligibility for this loan, what are the documents and how can we get this loan. Home Loan etc., so you can read this article till the end.

Union Bank of India Home loan

Like other lender Union Bank of India also offers Home Loan to its customers. Any person can take a home loan to build a house, buy a house, get a house repaired. The interest rate of Union Bank Home Loan starts from 7.75% per annum. To get this home loan, you have to apply in it. You can apply both online and offline.

Amount given under Home Loan of the applicant CIBIL Score depends on factors like age, income. If your income and your credit score is high then you can get Union Bank of India Home Loan up to higher loan amount.

Union Bank of India, you can get the government scheme of the Government of India Pradhan Mantri Awas Yojana You can get subsidy on home loan under The bank offers various types of Union Bank Loan Scheme.

Applicant can apply singly or jointly for Union Bank of India home loan. Under Home Loan, you can get as much loan amount as you want from Union Bank. Depending on the repayment capacity of the applicant and the value of the property, you can get a home loan up to a maximum of Rs 30 lakh for loan eligibility for repair/renovation.

If you belong to Union Bank of India Personal Loan If you want to take advantage of this then you can click on this link Union Bank of India Personal Loan You can apply for personal loan by clicking on

Key Features of Union Bank Of India Loan

• Loan Name : Union Bank Of India Home Loan 2024
• Lending Bank Name: Union Bank
• Loan Amount: You can get as much loan amount as you want. / In case of repair and renewal – maximum Rs. 30 million
• Loan tenure: 30 years / In case of repairs and renewals – 15 years
• Interest Rate: 7.75% pa
• Processing Fee: 0.50% of the loan amount + GST, subject to a maximum of Rs.15,000
• Official Website: https://www.unionbankofindia.co.in/

Interest Rate of Union Bank of India Home Loan 2024

Union Bank of India home loan interest rate starts from 7.75% p.a. How to apply for Personal Loan It is important to have information about Personal Loan Interest Rate, in the same way, before taking a home loan, we should It is necessary to have information about Home Loan Interest Rate.

If we do not have proper information about the home loan interest rate, then we may have to face a lot of difficulties at the time of loan repayment. You can visit the official website of the bank for the latest updates on the interest rate from time to time.

Union Bank Home Loan Benefits and Features

• Any citizen of India or NRI can apply for this home loan.
• The amount disbursed under home loan depends on factors like income, credit score of the applicant. If your income, CIBIL score is high then you can get home loan up to higher loan amount.
• Union Bank of India Home loan Under this, you can get as much loan amount as you want.
• You can take a home loan to buy, build or repair a house.
• 30 lakh for home repair/renovation.
• Union Bank ‘s interest rate starts from 7.75% per annum.
• Only those individuals who are in the age group of 18 to 75 years can apply for Union Bank of India Home Loan.
• can take this loan for a loan tenure of 30 years.
• This loan tenure is up to a maximum of 15 years in case of repairs and renewals.
• You do not have to pay any prepayment penalty charges on foreclosure of your loan (only for floating rate loans).
• Indian resident does not have to give third party guarantee to apply.
• You can pay your loan as EMI (Equated Monthly Installment).

Margin IE Your Share:

• 10% of the total cost of purchase/construction for loans up to Rs.30 lakh
• 20% of the total cost of purchase/construction for loans above Rs.30 lakh
• 20% of the total cost of repair/renovation

Home Loan Moratorium Period :

• 36 months in case of purchase/construction.
• 12 months in case of repairs and renewals.
• 48 months in case of composite home loan from the date of first disbursement.

Loan Repayment Methods :

• Equated Monthly Installments (EMIs) in one form.
• Applicants engaged in agriculture or allied activities are allowed to pay as Equated Quarterly Installment (EQI) instead of EMI.
• Step -Up Repayment Method: In this, the EMI is fixed in the initial months and higher than the normal EMI in the remaining period.
• Balloon Repayment Method: Lower than the normal EMI at the beginning of the repayment tenure and higher at the end of the repayment tenure.
• Flexible Loan Installment Plan ( FLIP ) Method : After receiving some lump sum amount in between, the EMI for the remaining tenor can be at a lower value than the normal EMI.
• Bullet payment: Depositing lump sum payment during the repayment period and further revising the EMI for the remaining period.

Union Bank of India Home Loan Schemes

Union Bank offers a wide variety of home loan schemes. You can apply for the scheme for which you want to apply. These home loan schemes are as follows:

• Union Home
• Union Awas _ _
• PMAY – Pradhan Mantri Awas Yojana ( Prime Minister’s Housing Scheme)
• Union Home Smart Save

Union Bank Home Loan Eligibility

You can apply for this loan only if you fulfill all the conditions of this home loan. Before applying for the loan, you should check your eligibility by visiting the official website of the bank. To apply for Union Bank of India Home Loan, you must have the following eligibility:

• Any Indian and NRIs can apply for this loan.
• Applicant’s minimum age should be 18 years and maximum 75 years.
• Applicant can apply for this loan alone or jointly with other person.
• Any Salaried Person ( Salaried Person) and Self Employed (Self Employed ) person can apply for this loan.

Documents Need for Union Bank Home Loan

Before applying for a home loan, you should keep all the documents together so that whenever the bank asks for documents from you, you can show them all the documents immediately. You must have the following documents to apply for Union Bank of India Home Loan :

• Identity Proof – Aadhar Card / Valid Passport / Voter ID Card / Driving License / PAN Card
• Residence Proof – Copy of Aadhar Card / Driving License / Passport / Voter ID / Utility Bills (Electricity Bill, Telephone Bill)
• Income proof-
  • Bank account details of last 12 months
  • Income tax return of last one year
• Property Documents –
  • Title Deed
  • allotment letter
  • Advance money receipt
• Other Documents –
  • Proof of outgoing loan (if any)
  • Processing fee check in favor of the bank
  • Duly filled loan application form with 3 passport size photographs

Union Bank of India Home Loan Apply

If you fulfill all the eligibility of the bank’s home loan then you can apply for it. Any person can apply for Union Bank of India home loan both online and offline. Information about the process of applying is given here. For more information, you can get information by calling on Union Bank of India Home Loan Customer Care Number.

Union Bank Home Loan Online Apply

If you want to apply online for the loan, then follow the steps given below :

• First of all you have to visit the official website of Union Bank of India unionbankofindia.co.in But have to come
• On the home page of the website, the option of loan > Home loan will appear, click on it.

• After clicking on this link, many types of home loan schemes will come in front of you on the next page.
• Click on the home loan scheme you want to apply for.
• All the information related to home loan will come in front of you.
• on this page you Apply Now Click on this option will appear.
• You will get two options – New Customer and Existing Customer. You have to select any one option.
• The loan application form will open in front of you.
• You have to enter the information asked in the form correctly and submit the form.
• submitting the form, the representative of the bank will contact you and the loan process will be issued further.

How to apply offline ?

• To apply offline, you have to first go to your nearest Union Bank branch.
• You have to go to the bank and contact the bank employee.
• The bank employee will provide you all the information related to the home loan.
• After that your documents will be verified.
• Then you will be given a form which you have to fill and attach the documents and submit it there.
• If you fulfill all the conditions of the bank then your loan will be approved.

Home Loan Fees and Charges

• Processing fee – 0.50% of loan amount + GST, maximum Rs.15,000
• For Floating Rates – You do not have to pay any prepayment charges on prepayment of the loan.
• Fixed Rates – No prepayment charges if the loan is prepaid from self verifiable sources. If the loan is taken by any other bank/financial institution, a take-over penalty of 2% is levied on the average outstanding balance of the preceding 12 months.

Union Bank of India Home Loan EMI Calculator

Before applying for Union Bank of India Home Loan, you should calculate the EMI (Equated Monthly Installment) of your loan. If you apply for that loan without calculating the EMI of the loan, then you may have to face difficulties at the time of repayment of the loan. You can go to the official website of Union Bank Home Loan EMI Calculator You can calculate the EMI of your loan by using The EMI of the loan depends on three main factors – loan amount, interest rate and loan tenure.

Union Bank of India Home Loan Customer Care Number

If you face any problem in applying for the loan, then you can contact the home loan customer care of the bank.

• All-India Toll Free number : 1800 22 22 44 / 1800 208 2244
• Charged Numbers : 080-61817110
• Dedicated number for NRI : +918061817110

My last thought:

In this article we have given you about Union Bank of India Home loan Provided complete information about If you also want to take home loan from Union Bank of India, then you can get complete information about this loan by reading this article. 

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FAQs on Union Bank Home Loan