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Minimum entry age is 18 years and maximum exit age up to 75 years. Construction of residential unit on exiting non agriculture plot. The loan shall be repaid in equated monthly instalments .
Fill the application form and upload it on the official website or wherever required. Submit copies of all the relevant documents required for application verification. It can be quickly done by signing up on Apnapaisa.com. As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has an active base of over 15 lakh property listings.
GOLD LOAN
The loan tenure for new house construction or purchase may be up to 30 years and for repairs and improvement, the tenure can be up to 10 years. The loan tenure for house purchase and construction loan may be up to 30 years and for repairs and improvements up to 15 years. This loan scheme can be opted for to purchase new/old/under-construction residential units of properties. A more convenient low cost variable rate loan product that lets you access a credit line as you need it over time. This product allows you to take funds as needed with low interest only monthly payments. Check out our low rate Home Equity Line of Credit .
The higher LTV ratio shall entitle better interest rates. To bridge the gap of housing finance provided by the employer. For pensioners, during the time of application, the age should not exceed 70 years. The Union Paradise Home Loan is ideally suited for NRI borrowers for the wide coverage of needs that it offers. However, the NRI needs to comply with additional documentation in tune with the character of his residence. The NRI community is offered a host of services by the bank suiting their needs under the provisions of RBI and FERA regulations.
Union Smart Save Loan
Union Bank of India provides eligible borrowers with affordable home loan interest rates. There is an option of extending the repayment tenure up to 30 years with several flexible repayment modes. The other factor employed depends on the repayment capacity of the borrower subject to several parameters in play, but still there is no defined upper limit.
The co-applicant can be close relatives of immediate family including siblings subject to the property in joint names. Spouse with independent source of income also is eligible. Once the documents are verified, the loan would be approved and sanctioned to your bank account. Made the process of buying my first home extremely easy answered all of my questions promptly. Every person I worked with at mortgage markets was responsive and knowledgeable. Each one responded to any query I had within 24 hours...
Key features of Union Bank of India Home Loan
Build your dream home with a loan from Union Bank. Your housing loan is based on the above factors and the current interest rate in Union bank of India is given below. As a special gesture Union bank of India offers better interest rates for those borrowers who have lesser loan requirements.
Processing Fees 0.50% of the loan amount Max Repayment Tenure 30 years Union Bank of India offers prospective homebuyers loans at competitive interest rates starting from 8.25% p.a. Longer tenures of up to 30 years coupled with EMIs as low as Rs.727 per lakh ensures a flexible repayment period. You can also get up to Rs.30 lakh as loan for home repairs. The bank also offers a full waiver of prepayment penalty on floating rate loans. Union bank of India offers housing loans on floating interest rates or fixed interest rates.
Union Bank of India Home Loan Types
Completion of under construction residential unit. Union Bank of India Home Loan EMI Calculator helps the customers to calculate the EMI on the amount they want to borrow. Our Relationship executive will co ordinate with UBI branch officials for disbursement of the loan. It takes 5 days for your loan to be sanctioned, after you have submitted all the required documents. For NRI opening of a NRE account with Union Bank of India is mandatory for availing a loan. One/two guarantors of Indian Residents, having means equivalent to that of the loan amount, is to be provided by the NRI applicant.
Moratorium period is defined as the period during the tenure when you will not be required to make kind of repayment towards your loan. You will have to make repayments in the form of EMIs only after the completion of the moratorium period. Home Loan has easy repayment facilities within 15 years to 30 years span. The bank releases the loan amount depending on the applicant’s repayment capacity. UBI has an online facility designed specifically for the application process.
The floating interest rates for Union bank of India housing loan is the sum of RBI repo rate, Spread and premium. The bank also offers loans for the renovation/repair of an existing house. There is no limit to the quantum of loan for and this is dependent on the value of the property and also the applicant’s repayment capacity. Union Bank offers home loans at competitive rates starting from 8.25% p.a. The good part is you don’t have to pay any prepayment penalty fee if you decide to foreclosure the loan .
I had a good experience when refinancing my home. They kept me updated on the process and they were very nice. I highly recommend them for your mortgage needs.
There is no prepayment penalty if loan is prepaid from own verifiable sources. The application process of the Union Bank of India Housing Loan works out through the offline and online process. To apply easily for the Union Bank Of India, the client must fit with the following home loan eligibility requirements. Please see the Forms & Documents Tab above for information on the list of documents required.
Any immediate family member – your parents, spouse, earning children, or siblings – is permitted to be a co-applicant for a loan. Adding a co-applicant will increase your loan eligibility as the income of the co-applicants will also be considered while determining the eligible loan amount. Specially for purchase or construction of houses with a maximum loan amount of up to Rs.10 lakh for semi urban areas and up to Rs.7 lakh for rural areas. Answer- We will determine Mortgage loan Eligibility largely by your income and repayment capacity. Other important factors include your age, co-applicant’s income, margin offered by you, continuity of occupation and Credit Information Bureau (CIBIL/Experian etc.) track record. Answer- We will determine Home Loan Eligibility largely by your income and repayment capacity.
Operating out of their headquarters in Mumbai, the commercial capital of India, the bank boasts of a robust Retail Banking business aimed at fulfilling the dreams of their customers. In keeping with their focus, UBI offers a vast array of home loan solutions to their clientele of all hues in an endeavor to bridge the funding gap in home ownership. There is no prepayment penalty / take-over penalty if loan is taken over by other banks/FIs. Repairs/ improvements/ extension of the existing residential property. The applicant will have to visit any nearby Union Bank of India Office and collect the application form of the particular Home Loan. Although opening of account is not mandatory for Resident Indian for availing a loan, we would recommend to bank with us in order to benefit from other value added services.
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