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Union Bank Home Loan

Loan Name Interest Rate Processing Fee Loan Amount Tenure
Union Bank Home Loans 8.80% - 10.10% 0.5% of loan amount (maximum of Rs 15,000+ applicable taxes) maximum of above Rs 2 crores 30 years
Documents Required

  • Proof of Identity: PAN Card, Passport, Employee Identity Card, Any other valid proof (any one of the following)
  • Proof of Address: Aadhaar Card, Utility Bills like electricity bill, water bill, telephone bill, any other valid proof (any one of the following)
  • Bank statement for the last 12 months
  • Duly filled in application form along with 3 passport sized photographs (recent one)

For Salaried Individuals

  • Proof of Income: Last one-year Income Tax Return, recent salary slips for the last 6 months, Form 16, letter from employer

For Business Class

  • Proof of Income: Profit and Loss account, Balance Sheet, last three years Income Tax Return

For Agriculturists

  • Proof of Income: Proof of land holding, Income certificate from the respective revenue (tahsildar) officer

Property Papers: Advance money receipt, allotment letter, title deed

Proof of out-goes: LIC Policies, Loan repayment statement, Valid proof of any other out-go

Documents to be submitted by the NRI’s apart from the above-mentioned ones

  • Latest work permit
  • Copy of visa stamped on the passport
  • Any other documents required as per the application form
  • Employment contract (in case if the contract is in any other language, then the same has to be translated to English and requires attestation of Indian Embassy or Employer)

  • Attractive interest rates on home loans
  • Elaborate tenure to repay the home loan which is spread over 30 years
  • Flexible methods of repayment are available for borrowers
  • For Resident Indians third party guarantee is not mandatory

  • The minimum age of the applicant should be at least 21 years
  • Any of the following who have a regular source of income can apply for a home loan with Union Bank as a co-applicants – individual, singly or jointly with other family members (spouse, father, mother, brother-brother, brother-sister, sister-sister, son)
  • Non-Resident Indians are also available to secure home loans from Union Bank
Other Details

  • The maximum amount of loan for repair works is up to Rs 30,00,000
  • The repayment tenure for repairs is up to 10 years
  • A flexible method of repayment of the home loan is available
  • Processing charges stand at 0.5% of loan amount (maximum of Rs 15,000+ applicable taxes)


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