Union Bank of India Home Loan

Know more about Union Bank of India Home Loans

Select Your Profession

Salaried Employee

Business Owner

✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

On Bajaj Markets, you can now apply for a Union Bank of India Home Loan and borrow amounts of up to ₹15 Crores. Enjoy flexible repayment tenures of up to 30 years and affordable interest rates starting at 8.50% p.a. Also, benefit from zero pre-closure charges and an easy application process.

Interest Rates and Charges

Interest Rate	8.50% p.a. onwards
Processing Fees	0.50% of the loan amount or ₹15,000 + 18% GST, whichever is higher
Prepayment/Foreclosure Charges	Nil for floating interest rates

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

Features and Benefits

Loan Amount

Borrow amounts as high as ₹15 Crores to purchase the property

Flexible Repayment Tenure

Repay the loan at your pace with repayment tenures ranging up to 30 years

Attractive Interest Rates

Benefit from interest rates starting as low as 8.50% p.a.<br>

High LTV Ratio

Get a loan of up to 75%-90% of the property value with this loan

Multi-purpose Loans

Utilise the loan amount to buy, construct, extend, repair or renovate a home.

Eligibility Criteria and Documents Required

Given below is a comprehensive list of the criteria you must fulfil to be eligible for this loan:

You must be an Indian citizen
You must be a salaried individual or a self-employed professional

You must have a regular source of income
You must fall under the age bracket of 18 to 75 years

You should have a credit score of 750 or above

With the eligibility criteria, it is also crucial to be aware of the documents required for this home loan. Provided below are some documents you may be asked to furnish:

Bank statements of the last 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 Return filings
Completed loan application form
Two passport-size photographs

How to Apply?

To apply for this loan online, follow the steps mentioned below:

Click on ‘Apply Now’ on this page
Fill in your personal and income details
Select Union Bank of India from the list of partners
Enter your required home loan amount and details of the property
Check out your loan details, along with the processing fee, other charges and net disbursal amount
Once you have completed these steps, a loan expert will connect with you to process your application further.

Home Loan Partners

Home Loan Quick Links

Government Schemes

Is it mandatory to have a co-applicant while applying for Union Bank of India Home Loans?

It is not mandatory to have a co-applicant when applying for this home loan. However, having a co-applicant with a good credit score and a regular source of income can increase the chances of loan approval and help avail a higher loan amount.

Does UBI provide a home loan amount of up to 90% of the property’s value?

Yes. If you plan to get a loan for your home, you can borrow up to 90% of the total property cost if the loan amount is under ₹30 Lakhs. This is as per the guidelines issued by RBI.

What is the repayment period of the Union Bank of India Home Loan?

The Union Bank of India offers a repayment period of up to 30 years on home loans.

What is the current interest rate of Union Bank of India Home Loans?

The current home loan interest rate of the Union Bank of India starts at 8.50% p.a.

Can I prepay my Union Bank Home Loan? Are there any additional prepayment charges?

Yes you can prepay your Union Bank of India Home Loan. If you have borrowed the amount at floating interest rates, then you will not be required to pay any prepayment charges. Otherwise, you may be asked to pay a nominal fee.