The eligibility required to apply for United Housing Loan Scheme offered by United Bank of India are as follows:

Eligibility:
• One above 21 years, having regular income i.e. salary / business / professionals and self-employed (PSEs) persons
• Salaried person should be in regular & permanent service
• Established and experienced Professional & Self Employed & Business persons should be at least 02 years in Trade or Profession
• Business and PSEs should have 2 years of ITR

Rate of Interest:

United Housing Loan Scheme (irrespective of amount and repayment period)
United Housing Loan Scheme (Floating rate)
MCLR-Y i.e. 8.80%

Quantum:
Nature of applicant Location of House/ Flat/ Property
Metro Urban Semi-Urban Rural
For all Categories of
Borrowers Max upto Max upto Max upto Max upto
300 Lac 75 Lac 45 Lac 25 Lac

For repair of existing house/ extension of building

• For Repairs: Rs 10 Lac (maximum) subject to submission of estimate from Chartered Engineer /Architect (the rate should corroborate the PWD rates), subject to satisfactory repayment history and available vacancy
• For extension: Rs 15 Lac (maximum) subject to submission of sanctioned plan by the Municipality / Corporation etc.& Certificate of construction cost by Chartered Engineer/Architect