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This is a perfect loan scheme for those who want to maximize their savings on loan interest without losing their financial liquidity. The interest rate of this loan scheme varies from Rs 8.25% to 10.10%. MORTGAGE LOAN ELIGIBILITY Indian citizen (both resident and non-resident) having regular source of income and owning non-agricultural (residential / commercial/industrial) property. Purchase of solar power panel along with purchase / construction of house.
Build your dream home with a loan from Union Bank. Your housing loan is based on the above factors and the current interest rate in Union bank of India is given below. As a special gesture Union bank of India offers better interest rates for those borrowers who have lesser loan requirements.
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Union Bank of India provides eligible borrowers with affordable home loan interest rates. There is an option of extending the repayment tenure up to 30 years with several flexible repayment modes. The other factor employed depends on the repayment capacity of the borrower subject to several parameters in play, but still there is no defined upper limit.
A General power of Attorney in our format in favor of a blood relation supported by KYC documents. Copy of employment contract or offer letter in English duly attested by the Indian Embassy or bank branch in that country. The full margin money has to be spent before disbursal of loan.
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The floating interest rates for Union bank of India housing loan is the sum of RBI repo rate, Spread and premium. The bank also offers loans for the renovation/repair of an existing house. There is no limit to the quantum of loan for and this is dependent on the value of the property and also the applicant’s repayment capacity. Union Bank offers home loans at competitive rates starting from 8.25% p.a. The good part is you don’t have to pay any prepayment penalty fee if you decide to foreclosure the loan .
The online application procedure is quite elaborate asking you to populate the relevant fields. The submission of the online form is only an expression of interest. The appraisal and scrutiny of the proposal are to be accomplished in the branch within the command area where your residence is located.
Which Union Bank of India Home Loan Scheme is Right for You?
Builder tie-ups Details of builder tie-up more... Union Smart Save A housing loan will be sanctioned as per terms... Union Roof Top Solar Loan is provided for installation of Grid connected ... The processing charges for Union Bank of India home loans is 0.50% of the loan amount and the maximum that the bank can charge is Rs. 15,000 plus GST.
The co-applicant can be close relatives of immediate family including siblings subject to the property in joint names. Spouse with independent source of income also is eligible. Once the documents are verified, the loan would be approved and sanctioned to your bank account. Made the process of buying my first home extremely easy answered all of my questions promptly. Every person I worked with at mortgage markets was responsive and knowledgeable. Each one responded to any query I had within 24 hours...
In such an eco-system the importance of a high-net-worth individual cannot be discounted. On the flipside, there is no definite measure to define who a high-net-worth individual is. In layman’s terms the individual can be classified as such if he has abundant liquid assets as compared to meager liabilities. But then, this is bound in geographical countries based on economy.
The application process can be broken up into 3 major steps. One of the initial concerns towards seeking funds through home loans is the cost of capital. The two primary factors that impact the cost of capital are the rate of interest and the fee which are charged upfront. As a first step, let us learn the mechanics of the interest regime in practice. Union bank is one of the leading public sector banks with a legacy of almost hundred years since its establishment in 1919. UBI plays an important role in the housing sector in the country where the scope to fund construction or purchase of a house or flat is enormous.
Answer- Yes, you can apply for a loan to us for repaying a Mortgage Loan availed by you from another Bank/ housing Finance. For more details Contact our Nearest Branch/Office. Answer- Yes, you can apply for a loan to us for repaying a Home Loan availed by you from another bank/ housing Finance.
I had a good experience when refinancing my home. They kept me updated on the process and they were very nice. I highly recommend them for your mortgage needs.
The bank offers a full waiver of prepayment charges if the loan is being prepaid through personal sources or through balance transfer to another bank. Can be availed for purchase/construction of a house, repairs/improvements/extension of an existing property. Knowing the Equated Monthly Instalments payable on your loan is of utmost importance when it comes to getting a housing loan. BankBazaar Union Bank of India Home Loan EMI Calculator is one such online tool that will help you get an idea of the EMIs you need to pay to the bank during the tenure.
Union Bank of India offers two different schemes Fixed rate of interest Floating rate of interest. Please click here for information on rate of interest. 20% of the total cost of the purchase/ construction for loans above Rs.30 lakhs and up to Rs.75 Lakhs.
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