Apply Union Bank of India Home Loan online easily by following few steps and get approval within few minutes. Get Interest Rates ✔ Processing Fee ✔ Documentation ✔ Eligibility Criteria ✔ Schemes and Offers ✔ EMI ✔ Customer Care Numbers ✔ Branch Addresses ✔ and other details about Union Bank of India Home Loan.

Union Bank of India Home Loan Purpose – Home Loan can be used for Purchase / Construction / Renovation / Repairs / Extensions / furnishing of house and flat / land purchase and construction thereon.

Union Bank of India Home Loan Interest Rates

Interest Rates 8.45% onwards
Processing Fee N.A
Loan Tenure Up to 30 years
EMI at 1 Lakh for 30 Years Rs. 765/-
Customer Care Number 1800 22 22 44 / 1800 208 2244

Eligibility Criteria For Union Bank of India Home Loan

Age Limit Above 21 years
Income Criteria Person should have regular sources of income

Documents Required For Union Bank of India Home Loan

For Salaried
Application Form Application form with all required details filled in.
Proof Of Identity Pan Card, Voters ID Card, Passport.
Proof Of Address Utility bills, ration card, passport.
Income Proof Latest 6 month salary slip And Form 16
Banking Last 6-12 months salaried bank statements
For Self-Employed
Application Form Application form with all required details filled in.
Proof Of Identity Pan Card, Voters ID Card, Passport.
Proof Of Address Utility bills, ration card, passport.
Income Proof Profit/loss & balance sheet.
Banking Last 6-12 months salaried bank statements

Home Loan Margin

Loans up to Rs. 75 Lakhs 20%
Above Rs. 75 lakhs to Rs. 2 Crores 25%
Above Rs. 2 Crores 35%

Union Bank of India Home Loan EMI Calculator

For making our users experience better we can show some pre-calculated example below

Loan Amount Interest Rates Repayment Period/Time EMI Per Month
5 Lakhs  8.30% 6 Years  Rs. 8,840/-
7 Lakhs  8.30% 5 Years  Rs. 14,294/-
10 Lakhs  8.30% 9 Years  Rs. 13,175/-
12 Lakhs  8.30% 7 Years  Rs. 18,883/-
15 Lakhs  8.30% 10 Years  Rs. 18,438/-
16 Lakhs  8.30% 12 Years  Rs. 17,582/-
18 Lakhs  8.30% 15 Years  Rs. 17,515/-
20 Lakhs  8.30% 14 Years  Rs. 20,169/-
21 Lakhs  8.30% 16 Years  Rs. 19,795/-
23 Lakhs  8.30% 20 Years  Rs. 19,670/-
25 Lakhs  8.30% 13 Years  Rs. 26,247/-
27 Lakhs  8.30% 10 Years  Rs. 33,188/-
29 Lakhs  8.30% 17 Years  Rs. 26,570/-
30 Lakhs  8.30% 15 Years  Rs. 29,152/-
31 Lakhs  8.30% 18 Years  Rs. 27,689/-
33 Lakhs  8.30% 16 Years  Rs. 31,106/-
34 Lakhs  8.30% 19 Years Rs. 29,682/-
35 Lakhs  8.30% 20 Years  Rs. 29,932/-

Union Bank of India Home Loan Eligibility Calculator

Union Bank of India Home Loan amount depends on applicant’s income/salary, because as per policy a person can pay 50% to 60% (depends on bank to bank) total amount of monthly income in the form of EMIs.
Lets take an example : If applicant is getting Rs. 20,000/- per month then he or she is eligible to pay the total EMIs of Rs. 10,000/- to Rs. 12,000/- of EMI from his or her monthly income. If applicant has already personal loan and bike loan running and pays EMI of Rs. 4,000/- and Rs. 1500/- respectively per month, therefore the total deduction is Rs. 5500/- per month from income. Then the applicant is capable to pay the EMI of Rs. 4500/- or Rs. 6500/- only. The loan amount and eligibility depends on the few factors.
Eligibility Calculation = (50% – 60% of total income) – (if any other loans/EMIs/Policies is running)

Some Factors That Bank Checks During Loan Approval

1. Remaining previous loan amount
2. EMIs/Policies
3. Some other expenses

How to Apply for Union Bank of India Home Loan Applying for Home Loan online is simple.

It just takes 4 simple steps to get an instant Home Loan approval!
Step 1: Click here to go our online form. Fill-in all the details and submit the form at sbiloanrates.com
Step 2: Get an instant quote on loan amount and eligibility. Select your required loan amount and tenure.
Step 3: Our representative will get in touch with you for document collection and other formalities.
Step 4: Loan sanctioned and Money will be credited to your account within 72 working hours after disbursal!

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Union Bank Home Loan Interest Rates – Feb 2019, EMI Eligibility Calculator
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