Union Bank of India Home Loan

The Union Bank of India Home Loan is a financial instrument that can help you purchase, construct, or renovate a home. Union Bank of India provides various types of home loans at competitive interest rates with flexible repayment options. 

You can use the loan amount for various purposes, such as buying a new property, renovating an existing property, or transferring an existing home loan from another bank. 

Furthermore, you can get a loan of up to ₹15 Cr at attractive interest rates from 9.00% onwards. 

Continue reading to understand more about Union Bank of India Home Loan eligibility and other essential Union Bank home loan details. 

Union Bank Home Loan Interest Rates and Charges 2023

Disclaimer: Above-mentioned rates and charges are subject to change at the lender’s discretion.

Check the current interest rates for home loans in 2023

Compare Union Bank Home Loan With Other Partners

The following table compares Union Bank housing loan interest rates with other partners of Bajaj Markets.

Disclaimer: The Union Bank of India housing loan interest rate and any rates of any other lenders are subject to change at the lender’s discretion.

Union Bank of India Housing Loan - Features & Benefits

1. Loan Amount: You can get the funds you need for purchasing or constructing your home

2. Flexible Repayment Tenure: The repayment tenure ranges between 12-360 months, allowing you to pay your EMIs without financial burden.

3. Attractive Interest Rates: The UBI Home Loan Interest Rates start at 9.00% p.a., thus being very pocket-friendly.

4. Balance Transfer Options: You can also transfer your home loan balance at an affordable Union Bank of India Home Loan interest rate through the facility of a balance transfer.

5. Property Value: Get a loan of up to 75%-90% of the property value when you apply for a Union Bank home loan online/offline.

6. Loans for Varied Purposes: You can avail a home loan at nominal Union Bank of India Home Loan rates to purchase a new or old house or a flat for residential purposes, construct a residential unit or extend, repair or renovate an existing house.

Knowing these Union Bank of India Home Loan details can help you avail one without much hassle. 

All you have to do is check if you meet the required Union Bank housing loan eligibility and then submit the necessary documents for a Union Bank of India Home Loan. That’s all, and you can get the amount credited to your bank account quickly once approved.

Union Bank Home Loan Eligibility

Now that you are familiar with Union Bank housing loan details, you must also know about home loan eligibility at Union Bank of India. This helps avoid unnecessary delays in your loan approval process.

Given below is a comprehensive list of UBI home loan eligibility criteria:

• You must be an Indian citizen who may be a salaried/self-employed professional

• You must have a regular source of income

• You must be at least 18 years of age to avail the loan and a maximum of 75 years of age at the loan exit

• You need to maintain a good credit score of 750 or above with a stable credit history

Calculate your home loan eligibility criteria to check if you can avail the requested loan amount. Moreover, checking also helps you assess the Union Bank of India housing loan interest applicable to you.

Documents Required for Union Bank Home Loan

After checking the United Bank of India Home Loan eligibility, you must submit the necessary documents after approval. This helps you avail the loan hassle-free. 

Here are the documents you need to submit when you apply for a Union Bank of India Home Loan online/offline:

• Bank statements for the previous six months

• Salary slips of the last three months (for salaried applicants)

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

• Property Documents

• Form 16 / Income Tax Returns

• Completed loan application form

• Two passport-size photographs

How to Apply for a Union Bank Home Loan Online

To apply for a Union Bank home loan online on Bajaj Markets, follow the steps mentioned below:

• Step 1: Click on the ‘Appy Now’ tab in the ‘Home Loan’ section

• Step 2: Fill in your personal, income details and check for a loan offer

• Step 3: Select Union Bank from the list of partners

• Step 4: Find out the home loan amount you can avail

• Step 5: Fill in your required home loan amount & details of the property

• Step 6: Check out your loan details, along with the Union Bank of India Home Loan processing fee, charges and net disbursal amount

Once you have completed these steps, a loan expert will connect with you to process your application further. Check current home loan interest rates at Union Bank of India before applying.

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