Union Bank Home Loan – Interest Rates Sep 2020, EMI Eligibility Calculator

Union bank of India home loan – Get details on interest rates 2020, Documents, Eligibility, Low EMI Rs.760 per lakh. Compare MCLR Rates, processing fees, loan amount, margin & per month emi with other banks.

Union Bank Home Loan Details

Interest Rates 6.70% – 7.10%
Processing Fees 0.50% of loan amount subject to a maximum of 15000 + GST
Pre payment Charges Nil
Loan Amount upto 90%
Min. Income Rs.12000/- p.m
Loan Repayment 30 years

Home Loan applications received for rupees ₹ 419,027 crores till 29 September 2020

Apply for Home Loan & Check your CIBIL score absolutely FREE.

Loan Amount
Occupation

Annual Income

City

120,17,256 loan quotes taken till now.
Home loan Interest rates starts from 6.90% for women, 6.95% for Others.

Why to Apply for Home Loans with Union Bank

✔ Good Presence in Indian Banking
✔ 49 million + Trusted Customers
✔ 4078 Branches (61% branches in rural/semi-urban markets)
✔ Most advanced Technology for Operating Customers
✔ Customer Service is upto the Mark.

Union Bank Home Loan Interest Rates 2020

    Up to 30 Lakh = 6.70% – 7.10%
    Loan amount 30 to 75 Lakh = 6.95% – 7.05%
    Above 75 Lakh = 7.05% – 7.10%

Union Bank Fixed Home Loan Interest Rates upto 5 Years

    Upto Rs.30 Lakh = 11.40%
    Rs.30 Lakh to Rs.50.00 Lakh = 12.40%
    Rs.50 lakh to Rs.200 Lakh = 12.65%

Compare Union Bank rates with other banks home loan rates

How is the interest charged/calculated?

Interest will be applied in the account on the basis of reducing balance method at monthly rests. During moratorium period compounding interest would be charged.
 
Can I prepay my home loan?
 
Yes, you can make your prepayment. There is no charge on pre payment if the home loan is adjusted by the borrower from his own verifiable legitimate sources. However, a charge of 2% on the average balance of the preceding 12 months if the loan is taken over.
 
What are the tax benefits I get from my home loan?

Tax benefits can be claimed on both the principal and interest components of the home loan as per the Income Tax Act, 1961. A deduction of up to Rs. 2,00,000 can be claimed towards the total interest that one would pay on the home loan. The interest on home loans taken for repairs, renewals or reconstruction, also qualifies for the deduction of Rs. 2,00,000. The principal repayment of up to Rs. 1,50,000 on the home loan is allowed as a deduction from the gross total income subject to fulfillment of prescribed conditions. These benefits on interest on housing loans are allowable only for the original loan and for a second loan taken to repay the first loan and not for subsequent loans.
 
GUARANTEE – Third party guarantee is not mandatory
 
INSURANCE – Property insurance is compulsory to the tune of the value of the property

How do I approach Union Bank of India for a home loan?
You can approach us in any of the following ways

You can visit any of our special retail lending branches called Union Loan Points (ULPs). To locate a ULP
You can visit any of our braches. To locate a branch, click here
Request for a contact online
You can also contact our 24 x 7 Call Centre

Other Available Products of Union Bank of India are –
 

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