Union Bank of India Home Loan

Union Bank of India Home Loan is one of the convenient loan programs that you can avail if you are thinking to finance a home. With a wide range of home loan terms, the bank has assisted a large number of low and moderate income home buyers in getting the home of their choice. Union Bank of India home loans can be obtained for a number of purposes. You can get this loan amount to purchase or construct an independent house or a flat, to make repair, extension and improvement in existing house, to repay existing loans obtained from other housing finance company, or to buy sold plot by government agencies like HUDA and HOUSEFED. Union Bank of India Home Loan Rate of Interest The bank offers competitive interest rates with its home loan programs and they have affordable loan options for every income group. On the other hand, it is essential for the borrowers to track the rate of interest in order to find the best available deal. The following is a chart showing the interest rates applicable on various loan terms from 15th February 2010.

Loan upto 5 lacs Tenor Upto 5 years >5 Years to 10 Years >10 Years to 15 Years >15 Years to 25 Years Fixed 9.75% N.A. N.A. N.A. Floating BPLR - 2.75 % i.e. 9.00 % BPLR - 2.50 % i.e. 9.25 % BPLR - 2.25 % i.e 9.50 % BPLR - 2.25 % i.e 9.50 % Loan above Rs 5 Lacs upto 30 Lacs Tenor Upto 5 years >5 Years to 10 Years >10 Years to 15 Years >15 Years to 25 Years Fixed 9.75% N.A. N.A. N.A. Floating BPLR - 2.75 % i.e. 9.00 % BPLR - 2.50 % i.e. 9.25 % BPLR - 2.25 % i.e 9.50 % BPLR - 2.25 % i.e 9.50 % Loan above Rs 30 Lacs upto 50 Lacs Tenor Upto 5 years >5 Years to 10 Years >10 Years to 15 Years >15 Years to 25 Years Fixed 10.75% N.A. N.A. N.A. Floating BPLR - 2.50 % i.e. 9.25 % BPLR - 2.25 % i.e. 9.50 % BPLR - 2.00 % i.e 9.75 % BPLR - 2.00 % i.e 9.75 % Union Bank of India Home Loan Eligibility Citizens of India who are above the age of 21 years are eligible to apply for home loans offered by Union Bank of India. Applicants are required to be employed or self employed and earn a regular income. On the other hand, it is essential for the applicants to have a single or joint account in the bank before making their application. The bank allows a maximum home loan amount of Rs. 300 lacs in major cities like Mumbai, Kolkata, Bengaluru, Delhi, Chennai, Hyderabad, Gurgaon, Noida and Ahmedabad. For other cities in India, Union Bank of India offers a maximum loan amount of Rs. 100 lacs. Applicants can get the home loan application form from any branch of the bank. For more comprehensive information on prepayment and home loan processing fees, visit the official bank website.

Union Bank of India Union Bank of India brings some of the best available home loan programs at affordable rates. Find how to get the loan terms. Website:http://www.unionbankofindia.co.in/ln_union_home1.aspx