Apply for UBI Home Loan

Union Bank Home Loan

Loan of up to Rs. 5 Crores | Flexible Repayment Tenure | Minimal Documentation

✓ Home Loan from ₹5 Lakhs To ₹5 Cr ✓ Multiple Lending Partners ✓ Attractive Interest Rates

Avail Union Bank of India Home Loan from Bajaj MARKETS with 90% of the property value as a home loan with an interest rate starting at 7.40% p.a. With minimum processing fees and flexible loan repayment tenures.

Union Bank Home Loan Details

Interest Rate

7.40% p.a. onwards

Loan Amount

Up to ₹5 crores

Processing Fees

0.50% of the loan amount or ₹15,000 + GST (Whichever is higher).

Prepayment/Foreclosure Charges

0

Max Repayment tenure

Up to 30 years

Union Bank of India Home Loan Interest Rate 2022

Particulars

Interest Rate

Salaried Applicants

7.40% p.a. onwards

Self-Employed Applicants

7.40% p.a. onwards

Union Bank Housing Loan Features & Benefits

  • Loan Amount: Get funds as high as Rs. 5 Crores and turn your dream into reality.

  • Flexible Repayment Tenure: The repayment tenure that ranges from 12 months to 360 months, is flexible enough for you to pay your EMIs without any burdens.

  • Attractive Interest Rates: The interest rate starts at 7.40% p.a., thus being very pocket-friendly.

  • Balance Transfer Options: You can also transfer your Home Loan balance through the facility of balance transfer at a low rate of interest

  • Property Value: Get a loan up to 70%-90% of the property value.

  • Loans for Varied Purposes: You can avail of the Home Loan to purchase a new or old house or flat for residential purposes, construct a residential unit, and extend, repair, or renovate an existing house.

Union Bank Home Loan Eligibility

  • You must be an Indian Citizen, who may be employed/self-employed in business or engaged in agriculture & allied activities, having a regular income.

  • Your age must be between 18-75 years.

  • If you are a salaried applicant, your net monthly income must be at least Rs. 15,000.

  • If you are a self-employed applicant, the minimum Profit After Tax (PAT) of the self-employed applicant must be Rs. 12,500 per month.

  • Resident Indian Citizen and Non-resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizenship of India (OCI) are to be treated as NRI.

Calculate your UBI Home Loan Eligibility Criteria and also check out factors determining improving eligibility criteria.

Documents Required for Union Bank Housing Loan

  • Resident Indian Citizen and Non-resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizenship of India (OCI) are to be treated as NRI.

  • Bank statements of last 12 months

  • Salary slips of last 3 months (for salaried applicants)

  • Certificate & Proof of business existence (for self-employed applicants)

  • Property Documents: Title deed/Original Sale Deed/Share Certificate(s) issued by the society (duly registered) and other link parent documents conveying the ownership, Agreement to sell/Allotment letter, Copy of approved plan by local body, NOC from Builder/Developer/Society, Statutory and regulatory approval of construction of proposed residential unit as per state laws

  • Form 16 / Income Tax Returns

  • Duly Filled Credit information form

  • Two Passport-sized photographs

Union Bank Home Loan EMI

You can calculate your Union Bank Home Loan EMI (Equated Monthly Installment) through the formula given below:

UBI Home Loan EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,

  • EMI is Equated Monthly Installment,

  • P is the principal amount,

  • R is the monthly rate of interest, and

  • N will be the UBI Bank Home Loan repayment tenure (in months).

Alternatively, you can also use your Home Loan EMI Calculator tool on Bajaj MARKETS.

How to Apply for Union Bank Home Loan Online?

Here are step by step process for applying UBI Home Loan:

  • Step 1: Enter Personal Details - Fill in your personal and income details and get instant home loan eligibility.

  • Step 2: Choose your Lending Partner - Select Union Bank of India (UBI) from the list of partners and get going.

  • Step 3: Estimate Borrowing Power - Find out the home loan amount you could possibly avail.

  • Step 4: Mention Requirement & Property Details - Fill your required home loan amount & details of property.

  • Step 5: Unlock Final Details - Find out your loan details along with all the charges and net disbursal amount. Post this, a loan expert will connect with you to process your application further.

UBI Home Loan Schemes

  • Union Home Loans: These are straight-forward home purchase loans that can be availed by basically anyone. One can apply for a Union home loan jointly or even with their siblings as a co-applicant. Non Residential Indians can also apply for a Union home loan as long as they will purchase a property standing on Indian grounds with the help of that.

  • Union Awas: This is a multi-purpose home loan and one can avail up to ₹10 Lakhs.

  • Union Smart Save Home Loans: Union Smart Save Home Loans allow borrowers to pay over and above their EMI amounts monthly so that they can save on the overall interest payable. Borrowers can even withdraw the deposited additional amount if the need arises.

Why Choose Bajaj MARKETS for UBI Home Loan

  • Fast Online Process: Now get an online home loan with easy approval and disbursal process.

  • Minimal Documentation: Get the best home loan offers hassle-free, without any tedious paperwork.

  • Transparency Guaranteed: No hidden charges, no dubious policies, just 100% transparency – that’s what you get with UBI Home Loan.

  • Custom-made Loans: Finance your dream home with easy home loans designed to meet your specific requirements.

  • Trusted Companion: Customers across the country have sought financial enablement from us. Give us a chance and we won’t let you down.

UBI Home Loan Customer Care

One can reach out to Union Bank of India regarding home loan queries or grievances through their customer care number, which is 1800 22 2244.

Union Bank Home Loan FAQs

  • ✔️How can I get a Home Loan from Union Bank of India?

    You can apply for a Home Loan from UBI at Bajaj MARKETS and get a loan of up to Rs. 5 Crores with minimal documentation and instant approval.

  • ✔️What is the interest rate of a Union Bank home loan?

    The UBI Home Loan interest rate starts at 7.40% for salaried applicants and self-employed applicants.

  • ✔️Who can be a co-applicant for my UBI housing loan?

    • Here is the detailed list of co-applicants as per the conditions: If the applicant is a male, co-applicants can be: Wife, Father, Mother, Son, Daughter-in-law, Unmarried-daughter

    • Following can be co-applicants if the property is in the joint name: Brother, Unmarried-sister, Grand children from son, Grand parents

    • If the applicant is an unmarried female, then her father or mother can be her co-applicant.

    • If applicant is a married female applicant, then following can be her co-applicants: Husband, Son, Daughter-in-law, Unmarried-daughter, Father-in-law, Mother-in-law