Union Bank of India Home Loan

Home Home Loan Union Bank of India
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  • Interest Rate: 8.65% onwards
  • Loan Tenure: Upto 30 years
  • Processing Fees: 0.50%

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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :21/01/2020

CC:
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Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :21/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 21/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :21/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 21/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :21/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

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Date :21/01/2020

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Updated: 03-01-2020 07:40:07 AM

Union Bank of India Interest Rate 2020

Interest Rate8.65% onwards
Age CriteriaMin. 21 years
Loan Amount – Home LoanDepends on the applicant’s profile
Loan Amount – RepairsMax. Rs. 30 lakh
Processing Fee0.50% of the loan amount
Repayment TenureUp to 30 years
MarginMax. 35% of total cost of construction, amount above Rs. 2 crore
Moratorium PeriodUp to 36 months
GuaranteeThird party guarantee not required

Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges

Union Bank of India is one of the largest and leading government-owned banks of India that manages and operates via its wide network of 4200 branches across the nation. Union bank of India is providing a helping hand to the customers to fulfil their dreams by providing them various kinds of loans such as home loan, loans for repairs, etc. Their loan repayment option is made convenient with attractive rate of interest for its customers.

Union Bank of India Interest Rates
Union Bank of India Home Loan Eligibility
UBI Home Loan Schemes
Documents Required for UBI Home Loan
UBI Home Loan Fees and Charges
Home Loan EMI Calculator
Apply for Union Bank of India Home Loan Online
Union Bank Home Loan News

Union Bank of India Interest Rates

Union Bank Home Loan Interest Rate at Lowest Rate of 8.60%

UBI Home Loan Scheme
Interest Rates 2020
Union Home8.65% onwards
Union Smart Save8.90% onwards
Union Top-up9.70% onwards
Union Awas8.65% onwards

Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.

Union Bank of India Home Loan Eligibility

Quantum of loan for Union Home and Union Smart Save:

  • The loan amount totally depends upon the repayment capacity of the borrower as assessed by the bank and also upon the actual value of the property.
  • The loan amount sanctioned by the bank for repairs cannot exceed the amount of Rs. 30 lakhs.

Union Awas Loan Quantum

  • For the purchase or construction of a house a house in semi-urban area loan allowed is up to Rs. 7 lakhs and for rural areas it is Rs. 5 lakhs.
  • For repairs of flat or a house in semi-urban area is Rs. 3 lakhs and for the rural areas it is Rs. 2 lakh.

Maximum Loan Amount for Union Top–Up:

  • Minimum of Rs.50000 is allowed and maximum of the loan depends upon the repayment capacity of the borrower based on the outstanding amount of the loan taken but the top-up amount along with the outstanding amount should not exceed the original amount.

Eligibility Criteria for Union Bank Home Loans:

  • Any individual who is above 21 years of age can apply for the loan. For Union AWAS, the minimum annual income is fixed at Rs. 48,000.
  • Any individual either single or jointly with his family members like father, mother, son or spouse having a regular source of income can become a co-applicant.
  • Siblings like brother – brother, brother-sister or sister-sister can become applicants if the property is in the joint names of the applicants.
  • NRIs can also apply for the home loan but are subject to the terms and condition.

UBI Home Loan Schemes

Union Home Scheme

Purpose of Union Home Loan:

  • For the purchase/construction of property, house, flat,
  • For purchasing a plot of land and construction of a house thereon.
  • For repairs/renovations or extension of the existing property.
  • For the repayment of the home loan taken from other banks.

Moratorium Period:

The suspension period for the loan cannot exceed for more than 36 months.

Repayment

  • The repayment period of the loan cannot exceed more than 30 years
  • The loan taken for repairs has to be repaid within 10 years.
  • The repayment of loans is made flexible by the bank.

Prepayment Penalty

The prepayment penalty on Union Home depends on the type of interest charged on your loan and they are as follows:

Floating rate of interest

  • There is no pre-payment penalty for the loan if it is pre-paid by the applicant from the own verifiable source or is taken over by any other bank.

Fixed rate of interest

  • There is no penalty on pre-payment of the loan if it is paid by own verifiable income source.
  • The takeover charges of 2% is charged over the average of outstanding balance of the preceding 12 months if the loan is taken over by any other bank/or is adjusted in a lump sum,if taken over by a third party.

Security

  • Equitable mortgage of the property for which the loan is taken.
  • If the property for which the loan is taken is incomplete or still under construction the interim security is needed to be given till the date of completion.

Guarantee

No third party guarantee is required if the applicant is an Indian resident. If the applicant is an NRI then one or two guarantors of Indian Origin having means of income equivalent to the loan taken would be required.

Insurance

The insurance of the property is compulsory under this home loan scheme.

Union AWAS

The Union AWAS loan can be availed for purchase or construction of house or for purchase of plots from government agencies and can also be availed for repairs, extension or improvement of existing residential property.

Moratorium Period

The suspension period allowed for the loan is up to maximum of 36 months.

Repayment

  • The repayment period of up to 30 years and 10 years for repairs
  • The method of payment is made flexible by the bank.

Security

  • Equitable mortgage of the property for which the loan is taken.
  • If the property for which the loan is taken is incomplete or still under construction the interim security is needed to be given till the date of completion.

Guarantee

A guarantee in a sufficient manner is required by the bank.

Insurance

The property insurance is compulsory by the bank.

UNION SMART SAVE

Under this loan scheme the customer above regular EMI (Equated Monthly Instalment) amount can deposit an excess amount in his/her account which he/she can utilize later as per his/her requirements. The excess amount helps in reducing the outstanding amount and lower interest is charged by the bank on the loan amount thus customer can make savings from interest.

Purpose for which the loan is taken:

  • For the purchase or construction of property, house, flats etc.
  • For purchasing a plot of land and construction of a house thereon.
  • For repairs/renovations or extension of the existing property.
  • For the repayment of the home loan taken from other banks.

Margin Money

The bank does not sanction the total amount of loan as sought by the applicant, but it keeps a certain % of margin money i.e. the share of the customer to be paid by the customer himself.

The margin money for this home loan is as follows:

  • 20% of the total cost of purchase or construction of house, flat or any other residential property for the loan up to 75lakh.
  • 25% of the total cost of purchase or construction of any house, flat or any other residential property for the loan above 75lakh but less than 2 crore.
  • 35% of the total cost of purchase or construction of any house, flat or any residential property for the loan above 2 crore.
  • The margin money for repairs has been limited to 20% of the cost of repairs.

Moratorium Period

The suspension period for the loan cannot exceed for more than 36 months.

Repayment

  • The repayment period of the loan cannot exceed more than 30 years
  • The loan taken for repairs has to be repaid within 10 years.
  • The repayments of loans are made flexible by the bank.

Processing charges

  • The processing fees for the loan amount up to Rs.15000 are 0.50% plus service tax as applicable.
  • The other charges like valuation/legal/stamp duty/CERSAI/Memorandum registration charges as per regulations.

Prepayment Penalty

Penalty depends on type of interest rate

Floating rate of interest

There is no pre-payment penalty for the loan if it is pre-paid by the applicant from the own verifiable source or is taken over by any other bank.

Fixed rate of interest

There is no penalty on pre-payment of the loan if the loan is paid by own verifiable source.
The takeover charges of 2% is charged over the average of outstanding balance of the preceding 12 months if the loan is taken over by any other bank/or is adjusted in a lump sum if taken over by a third party.

Security

  • Equitable mortgage of the property for which the loan is taken.
  • If the property for which the loan is taken is incomplete or still under construction the interim security is needed to be given till the date of completion.

Guarantee

No third party guarantee is required if the applicant is an Indian resident. But if the applicant is an NRI then one or two guarantors of Indian Origin having means of income equivalent to the loan taken would be required.

Insurance

The insurance of the property is compulsory.

UNION TOP-UP

Interest rate offered for Union Top-up loan is 9.05% onwards

The applicant avail this loan as a top-up on the existing loan with a condition that 24 EMIs have already been paid and the loan required is for repairs, renovations, extension or furnishing of the house.

Processing Fee is 0.50% of the loan amount.

The security given as mortgage to the bank is extended for the period of top-up loan.

The repayment tenure is 5 years or the remaining tenure of the loan whichever is earlier.

Documents Required for UBI Home Loan

    • Proof of identity (any of the following)
      1. Passport
      2. PAN Card
      3. Employee identity card
      4. Any other valid proof
    • Proof of address (any of the following)
      1. Electricity bill
      2. Telephone bill
      3. Ration card
    • PAN Card
    • Last 12 months bank statement
    • Proof of income
      1. For salaried class –
        1. Last one year ITR
        2. Form16 / letter from Employer
        3. Last 6 months salary slip
      2. For business class –
        1. Last three years ITR
        2. P and L,  Balance sheet
      3. Agriculturists
        1. Income certificate from concerned revenue officer (Tahsildar)
        2. Proof of land holding
    • Property papers
      1. Allotment letter
      2. Advance money receipt
      3. Title Deed
    • 3 photographs
    • Proof of out-goes
      1. Loan repayment statement, if any
      2. LIC Policies, if any
      3. Valid proof of any other out-go
  • Any other document required as per the application form

UBI Home Loan Fees and Charges

The fees and charges applicable to Union Bank home loan variants vary from one type of loan to another. The following are some key variants:

Processing charges for Union Home

  • The processing fees for the loan amount up to Rs.15000 are 0.50% plus service tax as applicable.

Processing Fees for Union Awas

  • The processing fees for the loan amount up to Rs.15000 are 0.50% plus service tax as applicable.

Processing Fees for Union Paradise

  • A processing fee of 0.50% of the loan amount would be charged subject to a maximum of Rs.15000 including taxes.

All the additional charges like Valuation/legal costs/stamp duty/CERSAI/Memorandum registration charges as charged as per regulations. Other home loan variant feature processing charges can be confirmed with the nearby bank branch.

Home Loan EMI Calculator

The home loan EMI calculator is available on the paisabazaar.com site so that the customers can easily calculate their EMIs for the home loan they are willing to take from the bank. The tool is free is to use and provides you the monthly EMI amount in seconds after input of 3 key criteria – loan principal, loan tenure and applicable interest rate

Apply for Union Bank of India Home Loan Online

Interested customers willing to avail of any variant of the home loan offered by Union Bank can visit the paisabazaar.com website and apply for the loan. The website is an online aggregator which also provides the means to apply for a home loan from Union Bank of India.

Union Bank Home Loan News

Union Bank of India slashes MCLR from September 1

31st August 2019 – Union Bank of India has reduced its Marginal Cost of Funds-based Lending Rate (MCLR) by up to 15 basis points (bps) across all tenors. The rate cut is effective from September 1. The bank’s 1-year MCLR is reduced to 8.35% from 8.50%. The MCLR for overnight tenor is down to 7.95% from 8.10%. The MCLR for one month tenor is cut to 8% from 8.10%. The bank also offers 3-month and 6-month MCLR at 8.10% and 8.20%, respectively. Earlier this month, the bank also introduced Repo Linked Lending Rate (RLLR) for new home loans. For home loans above Rs. 30 lakh to Rs. 75 lakh, the bank is levying 8.25% RLLR. The bank will also continue to offer home loan linked to MCLR to its customers.

Union Bank of India reduces MCLR by 20 bps

30th July 2019 – The Union Bank of India cuts Marginal Cost of funds-based Lending Rate (MCLR) by 20 basis points (bps) across all tenors, effective August 1. Its 1-year MCLR has now come down from 8.55% to 8.50%. The overnight tenor and 1-month MCLR are also reduced to 8.10% each as compared to earlier rates of 8.25% and 8.30%, respectively. The 3-month and 6-month rates are reduced only by 10 bps each, giving 8.25% and 8.35%, respectively.

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