As you want to know the Rate Of Interest of Home Loan at Union Bank Of India

Union Bank of India Home Loan Interest Rates May 2016

9.65% - Lowest Union Bank of India Home Loan Interest Rate for 30 years

Interest Rate 9.65% Floating

Lowest EMI Rs. 852 per lakh

Tenure Max 30 years

Age Max 60 years for salaried

Prepayment, Foreclosure Charges Allowed with nil charges for floating rate loans

Eligibility

Indian resident above 21 years

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 should be in the joint names of the siblings.

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

Quantum Of Loan

Depending on repayment capability of the borrower and value of property
Maximum Rs. 30 Lakhs for Repairs.

Margin, I.E. Your share

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.