As you requires I am here telling you about the eligibility conditions for Mortgage Loan or loan against property avail by Union Bank of India .

Mortgage Loan or loan against property:

Eligibility :

Indian national .

Property should be Non-agricultural (residential / commercial/industrial) .

Minimum age –
18 years

Maximum age
70 years.

Applicant and co-applicants should be filing Income Tax return.

NRIs are also eligible for mortgage loan

Quantum of Loan

Minimum :
Rs. 5 Lakh

Maximum –

Resident Indian
Rs. 10 Crore

Agriculturist
Rs. 1 Crore

NRI
Rs. 5 Crore

Nature Of Facility

For salaried people, term loan facility is available.

For non-salaried people, term loan and secured overdraft facilities are available.

Repayment
Maximum repayment period :
12 years;

Applicant has to repay the loan through EMIs.