Union Bank Of India offers Home Loan to Purchase or construction of house.

Home Loan

Purpose-

To Purchase/ construction of house/ flat or Repairs/ improvements/ extension of the existing residential property

Eligibility-

Individual, either singly or jointly with other family members viz. father, mother, son and/or spouse, who have regular sources of income as co-applicants.

Siblings, i.e. brother-sister, brother- brother, sister-sister can be permitted as a applicants/co-applicants subject to the property must be in the joint names of the siblings.

Indian citizen above 21 years

NRIs are also eligible for the home loan. Contact their nearest branch for further details.

Quantum Of Loan-

Depending on repayment capacity of the borrower and value of property

Maximum Rs. 30 Lakhs for Repairs

Margin-

20% of the total cost of the purchase/ construction of house/ flat for loans upto Rs. 75 Lakhs
25% of the total cost of the purchase/ construction of house/ flat for loans Above Rs. 75 lakhs to Rs. 2 Crores
35% of the total cost of the purchase/ construction of house/ flat for loans Above Rs. 2 Crores
20% of total cost of the repairs

Moratorium Period-

Moratorium period of up to 18 months.

Repayment-

Repayment period of up to 30 years
10 years in case of repairs
Flexible methods of repayment

All-India Toll Free number : 1800 22 22 44 / 1800 208 2244
Charged Numbers : 080-25300175
Dedicated number for NRI : +918025302510