Union Bank Home Loan | Union Bank Home Loan Interest Rate | Complete Details - BankBazaar
Thank you for the feedback.
Make a suggestion or report a bug

Union Bank Home Loan

Union Bank offers home loans for various construction purposes

Eligibility conditions for Union Bank Home Loan

  1. Indian Citizen - 21 years and above
  2. Either single account or joint account with other family members viz.(father, mother, spouse or son ) with regular source of income
  3. Individuals who may be employed/self-employed in business having regular income
  4. A minimum of 40% marks as per investment grade scoring chart(Internal method of the bank)

Purpose to avail Union Bank Home Loan

  1. Purchase/construction of independent house/flat.
  2. Repair/Improvement/Extension
  3. Repayment of loan availed from another agency/Bank/NBFC
  4. For purchase/ construction of 2nd property (independent house/flat)
  5. Plot sold by a Government-recognized agency viz., HUDA, HOUSEFED and such others
Details of Union Bank Home Loan. Use our calculator to compare offers from multiple banks
Interest Rate
(Daily reducing balance)
Loan upto Rs 30 Lacs: Upto 5 yrs - 9%, 6 to 10 yrs - 9.25%, 11 to 20 yrs - 9.5% floating
Above Rs. 30 Lacs upto Rs 50 Lacs: Upto 5 yrs - 9.25%, 6 to 10 yrs - 9.5%, 11 to 20 yrs - 9.75% floating
Above Rs. 50 Lacs upto Rs 2 crores: Upto 5 yrs - 9.5%, 6 to 10 yrs - 10%, 11 to 20 yrs - 10.25% floating
Loan above Rs. 2 crores: Upto 5 yrs - 10%, 6 to 10 yrs - 10.5%, 11 to 20 yrs - 10.75% floating
Processing Fees 0.50% of loan amount subject to a maximum of Rs.15000/- plus service tax as applicable
Prepayment Fees Nil
Preclosure Fees 2% of average balance of prior twelve months if transferred to another institution. Nil if pre-closed with own funds
Loan Tenure 1 year to 20 years
Amount Funded Up to 80% of property value
Guarantor requirement Guarantor not mandatory
Documents
  • Identity proof (Voter card/Driving license/Indian Passport and a photograph)
  • Residence Proof (Ration card/latest electricity bill/telephone bill/credit card bill)
  • Last 6 months bank statements
  • Processing fee cheque
  • Form 16 and Latest Salary (Only for Salaried)
  • Last 3 years Profit /Loss Balance Sheet, IT returns and educational qualification certificates (Only for Self Employed)

Recently made loan offers
Rs.23.70 lakhs for Rs.20,194 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 2,739,924

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 2,750,954

Submitted 8 minutes ago
Rs.38.90 lakhs for Rs.33,145 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 4,627,579

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 4,638,609

Submitted 18 minutes ago
Rs.28.90 lakhs for Rs.24,625 EMI
8.25%  Rate 240 Tenure

Total Interest PayableRs. 3,341,089

Total Tax + FeesRs. 11,030

Total Interest + FeesRs. 3,352,119

Submitted 54 minutes ago
 
Some fields are incorrect or have not been filled in. Please correct this to proceed.
Include only the following components of cost: Basic Selling Price, car parking (covered/open), electricity/water charges, Internal Development Charges (IDC), External Development Charges (EDC), Preferential Location Charges (PLC), Stamp duty and registration charges.
As per the Agreement to Sale or as per the Registered Sale Deed value, whichever is higher.
Cost of construction as per engineering estimate.
Current outstanding balance on the home loan you wish to transfer.
 / 
 / 
Choose 'Salaried professional' if you are salaried and are qualified as a doctor, dentist, lawyer, architect, engineer or chartered accountant
Slowly start typing your employer's name and choose from the recommendations provided. If you do not see your employer on our list, simply type the name in this field.
This is your gross monthly salary as per your monthly payslip prior to deductions.
This is your net monthly salary as credited to your bank account after all deductions.
This is the approximate sum of all monthly incentives, if any, earned by you.
This is the annual bonus, if any, earned by you.
This is the sum of all monthly payments that you are making on all your currently open loans.Please ignore those loans where loan term outstanding is less than 12 months.
 / 
 / 
Choose 'Salaried professional' if you are salaried and are qualified as a doctor, dentist, lawyer, architect, engineer or chartered accountant
Slowly start typing your employer's name and choose from the recommendations provided. If you do not see your employer on our list, simply type the name in this field.
This is your gross monthly salary as per your monthly payslip prior to deductions.
This is your net monthly salary as credited to your bank account after all deductions.
This is the approximate sum of all monthly incentives, if any, earned by you.
This is the annual bonus, if any, earned by you.
This is the sum of all monthly payments that you are making on all your currently open loans.Please ignore those loans where loan term outstanding is less than 12 months.
The information I have provided is accurate. I understand that final credit approval is at the sole discretion of the financial institution.