Union Bank of India encompasses a broad variety of home loan services. The bank is favoured by millions of customers due to its wide array of financial services and loan products. The Union Bank of India Home Loans are tailored to the demands of diverse consumers and are packed with exclusive incentives.
|
Loan Amount |
Up to 90% for loans below Rs.30 lakhs Up to 80% for loans over and above Rs.30 lakhs |
|
Repayment Tenure |
Get up to 30 years to repay your loan |
|
Interest Rates |
|
|
Processing charges |
0.50% of the loan amount subject to a maximum of Rs.15000 + GST |
Additional Read: Union Bank of India Home Loans
Benefits of getting your home loan from Union Bank of India
- Low interest rates
- Low processing fees
- Less paperwork
- No prepayment penalties
- No hidden costs and administrative charges
- Balance home loan transfer
Who can get a home loan from the Union Bank of India?
Home loans can be availed by eligible Indian citizens and NRI applicants for the following reasons:
- Purchase/ construction of house/ flat
- Purchase of plot and construction of house thereon
- Repairs/ improvements/ extension of the existing residential property
- Take-over of housing loan availed from another bank / Financial Institution
Additional Read: Check your eligibility for Union Bank of India Home Loan
Conclusion: A Home Loan with the Union Bank of India is very beneficial to borrowers, considering the low-interest rate and minimal processing fees. They also come with a long repayment tenure that will get you a lower EMI amount to repay your loan comfortably.