πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰
πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰πŸŽ‰ Big News! Refer Loan is Now Upniva! πŸŽ‰

Here are a few factors

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Location PAN India
CIBIL Score 675+
Applicant Any Salaried & Self Employed
Applicant Age 18 Year to 75 Year
Loan Amount & Tenure (i) Loan Amount 10 Lac to No Limit (ii) Repayment Tenure :
(a) Purchase/Construction/BT Topup-Upto 30 Year (b) Repair & Renovation-Upto 15 Year
Login Fees NIL
Rate of Interest & Type (i) Govt Employee: 8.50% to 9.50% (ii) Other: 8.70% to 10.80% (Reducing)
TAT Salaried-7 Days
Self Employed -10days
Processing Fees 0.50% of Loan amount subject to maximum 15K+GST 
Insurance & Other Charges NIL
Foreclosure Charges Zero from Own fund & 2% in case of BT
Minimum Income Which is fit to cover EMI 
Lock In Period NIL
Part Payment Allowed Yes
Home Loan OD Product Yes
LTV (1) If Loan(i) <30 Lac-90% of Registry Value (ii) >30 Lac-75 Lac-80% of Registry Value
(iii) >75 Lac-75% of Registry Value (2) If loan for Repair & renovation-80% of market value
Product (i) New Home Purchase (ii) Plot Purchase (iii) Plot Purchase+Construction (iv) Construction Loan
(v) Seller BT (vi)BT+Topup (vii) Home Renovation
Program 1. Salaried- 6-8 Time of gross annual Salary
2. Self Employed-6 time of average annual income of last 3 year 
CO - Applicant Yes
FOIR If Income<15 Lac-60% of Income, >15 Lac-Only 50K per month will be deducted to calculate FOIR
Negative Profile No Negative Profile
Funded Property Type All Approved Residential Property
Negative Property Other than approved property
Accepted Collateral All Approved Residential Property with clear Property chain of last 30 year
Business Vintage for Self Employed Person 3 Year
Minimum Job Experience for Salaried Person 2 Year
Experience with Current Employer 3 Month
Any Specfic Product for Professionals No
USP Moratorium Period (i) Upto 12 month for Repair & Renovation (ii) Upto 36 month for purchase/construction (iii) Upto 48 month in case of composite home loan or period decided by Development authority whichever is earlier
Additional (i) Pension is also considered (ii) Home Renovation upto 30 lac (iii) Refinance upto 1 year
Right Documents - Easy Process

Required Documents to Apply for Union Bank of India Home Loan

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • Approved MAP of Property if available
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Agreement to Sale if new purchase case
  • Property Paper with complete chain of last 13 years
  • Approved MAP of Property if available
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo

Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required

About Union Bank of India Home Loan

Home loans from Union Bank of India give you the chance to get rid of the financial barriers standing in the way of the home of your dreams. The bank provides a number of house loan options, such as affordable housing loans (PMAY) and home loan balance transfers. UBI home loans are available with customizable terms and incredibly competitive interest rates.

UBI home loans may be used for a variety of objectives. This home loan can be used to build a new home, apartment, or villa, or to purchase land for building. In addition, if you intend to remodel your house's interior, you may rely on home loans from Union Bank. For the enlargement and finishing of a house that is currently under construction, UBI housing loans are available.

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Let us take an example, How Home Loan Emi is being calculated.

For instance, if "Shubham" applies for a Home loan of INR 10 Lacs and get the loan sanctioned at the rate of 10 % with a tenure range of 10 years or 120 Months , in such a case his EMI would be INR 13,215 and complete repayment amount till the end of 10 years tenure would be 15,85,809 (i.e 13,215 EMI * 120 months),, wherein the total interest amount is INR 5,85,809 along with principal repayment of INR 10,00,000.Few additional charges like those of minimal one-time processing fee upto 7% of loan amount may apply. T& C apply.
Year EMI Interest Paid Principle Paid Outstanding Balance
β‚Ή13215.07 β‚Ή49382.95 β‚Ή29907.47 β‚Ή1506518.42
Jul β‚Ή13215.07 β‚Ή8333.33 β‚Ή4881.74 β‚Ή1572593.77
Aug β‚Ή13215.07 β‚Ή8292.65 β‚Ή4922.42 β‚Ή1559378.70
Sep β‚Ή13215.07 β‚Ή8251.63 β‚Ή4963.44 β‚Ή1546163.63
Oct β‚Ή13215.07 β‚Ή8210.27 β‚Ή5004.80 β‚Ή1532948.56
Nov β‚Ή13215.07 β‚Ή8168.56 β‚Ή5046.51 β‚Ή1519733.49
Dec β‚Ή13215.07 β‚Ή8126.51 β‚Ή5088.56 β‚Ή1506518.42
β‚Ή13215.07 β‚Ή94107.33 β‚Ή64473.54 β‚Ή1347937.58
Jan β‚Ή13215.07 β‚Ή8084.10 β‚Ή5130.97 β‚Ή1493303.35
Feb β‚Ή13215.07 β‚Ή8041.35 β‚Ή5173.73 β‚Ή1480088.28
Mar β‚Ή13215.07 β‚Ή7998.23 β‚Ή5216.84 β‚Ή1466873.21
Apr β‚Ή13215.07 β‚Ή7954.76 β‚Ή5260.32 β‚Ή1453658.14
May β‚Ή13215.07 β‚Ή7910.92 β‚Ή5304.15 β‚Ή1440443.07
Jun β‚Ή13215.07 β‚Ή7866.72 β‚Ή5348.35 β‚Ή1427228.00
Jul β‚Ή13215.07 β‚Ή7822.15 β‚Ή5392.92 β‚Ή1414012.93
Aug β‚Ή13215.07 β‚Ή7777.21 β‚Ή5437.86 β‚Ή1400797.86
Sep β‚Ή13215.07 β‚Ή7731.89 β‚Ή5483.18 β‚Ή1387582.79
Oct β‚Ή13215.07 β‚Ή7686.20 β‚Ή5528.87 β‚Ή1374367.72
Nov β‚Ή13215.07 β‚Ή7640.13 β‚Ή5574.95 β‚Ή1361152.65
Dec β‚Ή13215.07 β‚Ή7593.67 β‚Ή5621.40 β‚Ή1347937.58
β‚Ή13215.07 β‚Ή87356.11 β‚Ή71224.78 β‚Ή1189356.74
Jan β‚Ή13215.07 β‚Ή7546.82 β‚Ή5668.25 β‚Ή1334722.51
Feb β‚Ή13215.07 β‚Ή7499.59 β‚Ή5715.48 β‚Ή1321507.44
Mar β‚Ή13215.07 β‚Ή7451.96 β‚Ή5763.11 β‚Ή1308292.37
Apr β‚Ή13215.07 β‚Ή7403.93 β‚Ή5811.14 β‚Ή1295077.30
May β‚Ή13215.07 β‚Ή7355.51 β‚Ή5859.57 β‚Ή1281862.23
Jun β‚Ή13215.07 β‚Ή7306.68 β‚Ή5908.40 β‚Ή1268647.16
Jul β‚Ή13215.07 β‚Ή7257.44 β‚Ή5957.63 β‚Ή1255432.09
Aug β‚Ή13215.07 β‚Ή7207.79 β‚Ή6007.28 β‚Ή1242217.02
Sep β‚Ή13215.07 β‚Ή7157.73 β‚Ή6057.34 β‚Ή1229001.95
Oct β‚Ή13215.07 β‚Ή7107.26 β‚Ή6107.82 β‚Ή1215786.88
Nov β‚Ή13215.07 β‚Ή7056.36 β‚Ή6158.72 β‚Ή1202571.81
Dec β‚Ή13215.07 β‚Ή7005.04 β‚Ή6210.04 β‚Ή1189356.74
β‚Ή13215.07 β‚Ή79897.95 β‚Ή78682.93 β‚Ή1030775.90
Jan β‚Ή13215.07 β‚Ή6953.29 β‚Ή6261.79 β‚Ή1176141.67
Feb β‚Ή13215.07 β‚Ή6901.10 β‚Ή6313.97 β‚Ή1162926.60
Mar β‚Ή13215.07 β‚Ή6848.49 β‚Ή6366.59 β‚Ή1149711.53
Apr β‚Ή13215.07 β‚Ή6795.43 β‚Ή6419.64 β‚Ή1136496.46
May β‚Ή13215.07 β‚Ή6741.94 β‚Ή6473.14 β‚Ή1123281.39
Jun β‚Ή13215.07 β‚Ή6687.99 β‚Ή6527.08 β‚Ή1110066.32
Jul β‚Ή13215.07 β‚Ή6633.60 β‚Ή6581.47 β‚Ή1096851.25
Aug β‚Ή13215.07 β‚Ή6578.75 β‚Ή6636.32 β‚Ή1083636.18
Sep β‚Ή13215.07 β‚Ή6523.45 β‚Ή6691.62 β‚Ή1070421.11
Oct β‚Ή13215.07 β‚Ή6467.69 β‚Ή6747.39 β‚Ή1057206.04
Nov β‚Ή13215.07 β‚Ή6411.46 β‚Ή6803.61 β‚Ή1043990.97
Dec β‚Ή13215.07 β‚Ή6354.76 β‚Ή6860.31 β‚Ή1030775.90
β‚Ή13215.07 β‚Ή71658.81 β‚Ή86922.05 β‚Ή872195.06
Jan β‚Ή13215.07 β‚Ή6297.59 β‚Ή6917.48 β‚Ή1017560.83
Feb β‚Ή13215.07 β‚Ή6239.95 β‚Ή6975.13 β‚Ή1004345.76
Mar β‚Ή13215.07 β‚Ή6181.82 β‚Ή7033.25 β‚Ή991130.69
Apr β‚Ή13215.07 β‚Ή6123.21 β‚Ή7091.86 β‚Ή977915.62
May β‚Ή13215.07 β‚Ή6064.11 β‚Ή7150.96 β‚Ή964700.55
Jun β‚Ή13215.07 β‚Ή6004.52 β‚Ή7210.55 β‚Ή951485.48
Jul β‚Ή13215.07 β‚Ή5944.43 β‚Ή7270.64 β‚Ή938270.41
Aug β‚Ή13215.07 β‚Ή5883.85 β‚Ή7331.23 β‚Ή925055.34
Sep β‚Ή13215.07 β‚Ή5822.75 β‚Ή7392.32 β‚Ή911840.27
Oct β‚Ή13215.07 β‚Ή5761.15 β‚Ή7453.92 β‚Ή898625.20
Nov β‚Ή13215.07 β‚Ή5699.03 β‚Ή7516.04 β‚Ή885410.13
Dec β‚Ή13215.07 β‚Ή5636.40 β‚Ή7578.67 β‚Ή872195.06
β‚Ή13215.07 β‚Ή62556.94 β‚Ή96023.92 β‚Ή713614.22
Jan β‚Ή13215.07 β‚Ή5573.24 β‚Ή7641.83 β‚Ή858979.99
Feb β‚Ή13215.07 β‚Ή5509.56 β‚Ή7705.51 β‚Ή845764.92
Mar β‚Ή13215.07 β‚Ή5445.35 β‚Ή7769.72 β‚Ή832549.85
Apr β‚Ή13215.07 β‚Ή5380.60 β‚Ή7834.47 β‚Ή819334.78
May β‚Ή13215.07 β‚Ή5315.31 β‚Ή7899.76 β‚Ή806119.71
Jun β‚Ή13215.07 β‚Ή5249.48 β‚Ή7965.59 β‚Ή792904.64
Jul β‚Ή13215.07 β‚Ή5183.10 β‚Ή8031.97 β‚Ή779689.57
Aug β‚Ή13215.07 β‚Ή5116.17 β‚Ή8098.90 β‚Ή766474.50
Sep β‚Ή13215.07 β‚Ή5048.68 β‚Ή8166.39 β‚Ή753259.43
Oct β‚Ή13215.07 β‚Ή4980.63 β‚Ή8234.45 β‚Ή740044.36
Nov β‚Ή13215.07 β‚Ή4912.01 β‚Ή8303.07 β‚Ή726829.29
Dec β‚Ή13215.07 β‚Ή4842.81 β‚Ή8372.26 β‚Ή713614.22
β‚Ή13215.07 β‚Ή52501.99 β‚Ή106078.90 β‚Ή555033.38
Jan β‚Ή13215.07 β‚Ή4773.04 β‚Ή8442.03 β‚Ή700399.15
Feb β‚Ή13215.07 β‚Ή4702.69 β‚Ή8512.38 β‚Ή687184.08
Mar β‚Ή13215.07 β‚Ή4631.76 β‚Ή8583.32 β‚Ή673969.01
Apr β‚Ή13215.07 β‚Ή4560.23 β‚Ή8654.84 β‚Ή660753.94
May β‚Ή13215.07 β‚Ή4488.11 β‚Ή8726.97 β‚Ή647538.87
Jun β‚Ή13215.07 β‚Ή4415.38 β‚Ή8799.69 β‚Ή634323.80
Jul β‚Ή13215.07 β‚Ή4342.05 β‚Ή8873.02 β‚Ή621108.73
Aug β‚Ή13215.07 β‚Ή4268.11 β‚Ή8946.97 β‚Ή607893.66
Sep β‚Ή13215.07 β‚Ή4193.55 β‚Ή9021.52 β‚Ή594678.59
Oct β‚Ή13215.07 β‚Ή4118.37 β‚Ή9096.70 β‚Ή581463.52
Nov β‚Ή13215.07 β‚Ή4042.57 β‚Ή9172.51 β‚Ή568248.45
Dec β‚Ή13215.07 β‚Ή3966.13 β‚Ή9248.95 β‚Ή555033.38
β‚Ή13215.07 β‚Ή41394.13 β‚Ή117186.75 β‚Ή396452.54
Jan β‚Ή13215.07 β‚Ή3889.05 β‚Ή9326.02 β‚Ή541818.31
Feb β‚Ή13215.07 β‚Ή3811.34 β‚Ή9403.74 β‚Ή528603.24
Mar β‚Ή13215.07 β‚Ή3732.97 β‚Ή9482.10 β‚Ή515388.17
Apr β‚Ή13215.07 β‚Ή3653.95 β‚Ή9561.12 β‚Ή502173.10
May β‚Ή13215.07 β‚Ή3574.28 β‚Ή9640.80 β‚Ή488958.03
Jun β‚Ή13215.07 β‚Ή3493.94 β‚Ή9721.14 β‚Ή475742.96
Jul β‚Ή13215.07 β‚Ή3412.93 β‚Ή9802.14 β‚Ή462527.89
Aug β‚Ή13215.07 β‚Ή3331.24 β‚Ή9883.83 β‚Ή449312.82
Sep β‚Ή13215.07 β‚Ή3248.88 β‚Ή9966.19 β‚Ή436097.75
Oct β‚Ή13215.07 β‚Ή3165.83 β‚Ή10049.25 β‚Ή422882.68
Nov β‚Ή13215.07 β‚Ή3082.08 β‚Ή10132.99 β‚Ή409667.61
Dec β‚Ή13215.07 β‚Ή2997.64 β‚Ή10217.43 β‚Ή396452.54
β‚Ή13215.07 β‚Ή29123.16 β‚Ή129457.74 β‚Ή237871.70
Jan β‚Ή13215.07 β‚Ή2912.50 β‚Ή10302.58 β‚Ή383237.47
Feb β‚Ή13215.07 β‚Ή2826.64 β‚Ή10388.43 β‚Ή370022.40
Mar β‚Ή13215.07 β‚Ή2740.07 β‚Ή10475.00 β‚Ή356807.33
Apr β‚Ή13215.07 β‚Ή2652.78 β‚Ή10562.29 β‚Ή343592.26
May β‚Ή13215.07 β‚Ή2564.76 β‚Ή10650.31 β‚Ή330377.19
Jun β‚Ή13215.07 β‚Ή2476.01 β‚Ή10739.07 β‚Ή317162.12
Jul β‚Ή13215.07 β‚Ή2386.52 β‚Ή10828.56 β‚Ή303947.05
Aug β‚Ή13215.07 β‚Ή2296.28 β‚Ή10918.80 β‚Ή290731.98
Sep β‚Ή13215.07 β‚Ή2205.29 β‚Ή11009.79 β‚Ή277516.91
Oct β‚Ή13215.07 β‚Ή2113.54 β‚Ή11101.53 β‚Ή264301.84
Nov β‚Ή13215.07 β‚Ή2021.03 β‚Ή11194.05 β‚Ή251086.77
Dec β‚Ή13215.07 β‚Ή1927.74 β‚Ή11287.33 β‚Ή237871.70
β‚Ή13215.07 β‚Ή15567.22 β‚Ή143013.65 β‚Ή79290.86
Jan β‚Ή13215.07 β‚Ή1833.68 β‚Ή11381.39 β‚Ή224656.63
Feb β‚Ή13215.07 β‚Ή1738.84 β‚Ή11476.24 β‚Ή211441.56
Mar β‚Ή13215.07 β‚Ή1643.20 β‚Ή11571.87 β‚Ή198226.49
Apr β‚Ή13215.07 β‚Ή1546.77 β‚Ή11668.30 β‚Ή185011.42
May β‚Ή13215.07 β‚Ή1449.53 β‚Ή11765.54 β‚Ή171796.35
Jun β‚Ή13215.07 β‚Ή1351.49 β‚Ή11863.59 β‚Ή158581.28
Jul β‚Ή13215.07 β‚Ή1252.62 β‚Ή11962.45 β‚Ή145366.21
Aug β‚Ή13215.07 β‚Ή1152.94 β‚Ή12062.14 β‚Ή132151.14
Sep β‚Ή13215.07 β‚Ή1052.42 β‚Ή12162.65 β‚Ή118936.07
Oct β‚Ή13215.07 β‚Ή951.06 β‚Ή12264.01 β‚Ή105721.00
Nov β‚Ή13215.07 β‚Ή848.86 β‚Ή12366.21 β‚Ή92505.93
Dec β‚Ή13215.07 β‚Ή745.81 β‚Ή12469.26 β‚Ή79290.86
β‚Ή13215.07 β‚Ή2262.21 β‚Ή77028.26 β‚Ή0.44
Jan β‚Ή13215.07 β‚Ή641.90 β‚Ή12573.17 β‚Ή66075.79
Feb β‚Ή13215.07 β‚Ή537.13 β‚Ή12677.95 β‚Ή52860.72
Mar β‚Ή13215.07 β‚Ή431.48 β‚Ή12783.60 β‚Ή39645.65
Apr β‚Ή13215.07 β‚Ή324.95 β‚Ή12890.13 β‚Ή26430.58
May β‚Ή13215.07 β‚Ή217.53 β‚Ή12997.55 β‚Ή13215.51
Jun β‚Ή13215.07 β‚Ή109.22 β‚Ή13105.86 β‚Ή0.44
Leave Your Question

FREQUENTLY ASKED QUESTIONS

 The eligibility criteria for a home loan with Union Bank of India may vary depending on the type of loan and the applicant's individual circumstances. Generally, applicants must be Indian residents, aged 21 years or older, and have a stable source of income. Other factors that may be considered include credit score, employment history, and the value of the property being purchased.

 The documents required to apply for a home loan with Union Bank of India may vary depending on the type of loan and the applicant's individual circumstances. Generally, applicants will need to provide proof of identity, proof of address, proof of income, and details of the property being purchased.

 The maximum loan amount available for a home loan with Union Bank of India may vary depending on the type of loan and the applicant's individual circumstances. Generally, the maximum loan amount available is based on factors such as the applicant's income, the value of the property being purchased, and the loan-to-value ratio.

 The interest rate for a home loan with Union Bank of India may vary depending on the type of loan, the loan amount, and the applicant's individual circumstances. It is recommended to check the current interest rates on the Union Bank of India website or by contacting the bank directly.

 The time it takes to get a home loan from Union Bank of India may vary depending on the type of loan, the applicant's individual circumstances, and the documentation provided. Generally, it takes approximately 7-10 working days for the bank to process and disburse the loan, provided that all the required documentation is in order.

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