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Step 1

Check Your Eligibility

Step 2

Verify Your Details

Step 3

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Looking for a Simple And Hassle Free Home Loan?

Union Bank of India Home Loan Features

  • The public sector's trust
  • Rates starting at 6.60 %
  • Financing up to 90%
  • Documentation is simple
  • EMI starting at Rs 625 per lakh
  • Repayment up to 30 years
  • Government subsidy of up to ₹2.67 lakhs in eligible cases

Home Loan Eligibility Calculator

10K 11 25 38 51 64 77 90 10L
1 2.9 4.9 6.9 9 11.1 13.1 15
Years
1 8 16 23 30

Your monthly EMI is

₹ 10,000

Your Home Loan Eligibility

₹ 13,20,316

Interest Payable:

₹ 10,79,684

Total Amount Payable:

₹  24,00,000

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FAQ's

A home loan is a secured loan using the property as collateral, providing substantial funding at competitive rates, repaid through EMIs. Upon full repayment, property title transfers to the borrower.
The home loan amount is disbursed by the bank or NBFC directly to the property owner or builder. Borrowers are required to repay the loan amount, along with interest, in the form of monthly EMIs over a chosen tenure.
Union Bank of India Home Loans welcome both salaried and self-employed applicants, aged 21 to 60, earning a minimum of Rs. 25,000 per month. Benefit from flexible loan tenures up to 30 years, no maximum loan limit, attractive interest rates (8.30% to 12.65%), minimal processing fees (0.50% or INR 15,000), and zero prepayment charges.
Identity proof: Passport, PAN Card, Employee ID, or any valid ID.
Address proof: Electricity bill, telephone bill, Aadhar, or valid proof.
PAN Card.
Last 12 months bank statement.
Proof of income: Company's last year ITR, Form-16/letter from Employer, and last 6 months salary slip.
Property documents: Allotment letter, advance money receipt, title deed, etc.
3 photographs.
Proof of outgoings: Loan repayment statement, LIC Policies, and valid proof of other expenses.
The interest rates are as follows:
For Females: 8.35%
For the general category: 8.4%
The maximum home loan tenure is up to 30 years.
There is no prepayment penalty if the loan is repaid from verifiable sources or taken over by other banks/FIs for fixed-rate loans.
Home loans offer various tax benefits, including the deduction of interest and principal payments from taxable income. Under section 24 of the Income Tax Act (ITA), owners can deduct up to Rs. 2 lakhs in interest on their home loan for a self-occupied or let-out property. The exemption on interest is limited to the lower of two amounts: a) Rs. 2 lakhs or b) the actual interest paid on all assets owned by a taxpayer.
To apply for a home loan, please visit our website at www.ubisl.co.in. Select the 'Home Loan' option, scroll down to access the application form, and follow the instructions provided.
We offer a range of home loan products to suit your needs, including:
Union Home
Union Awas
Loan for Purchase of Plot
Builder Tie-ups (Approved Projects)
Union Smart Save
Union Roof Top Solar

Note: To know more details, please visit our website www.ubisl.co.in

Just Give Missed Call +91 9112 303030

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Send your requirement to homeloan@ubisl.co.in