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Union Bank of India Home Loan

Bank Link	http://www.unionbankofindia.co.in/personal_retail_homeloan.aspx
Loan Amount	Depending on repayment capacity
Interest Rate	10.25% to 13.25%
Tenure	Maximum 30 years
Pre Payment Charges	There is no prepayment penalty if loan is prepaid from own verifiable sources.

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Service Charges

"No processing charges for loans upto Rs. 75 lakh

Processing charges @ 0.25% of the loan amount subject to maximum of Rs. 7,500 for loans above Rs. 75 lakh

Valuation / Legal / Stamp Duty / CERSAI / Memorandum registration charges as per actuals."

Other Charges

"0.50% of loan amount subject to a maximum of Rs.15000/- plus service tax as applicable

PREPAYMENT PENALTY:

Floating rate loans: There is no prepayment penalty if loanis prepaid from own verifiable sources or taken over by other banks/FIs.

Fixed rate loans: There is no prepayment penalty if loanis prepaid from own verifiable sources.

A take-over penalty of 2% is chargedon the average outstanding balance of the preceding 12 months if the loanis taken over by any other bank / FI or adjusted by the borrower in lumpsumfrom any third party/source (except genuine sFloating rate loans:

SECURITY:

Equitable mortgage (E.M.) of the residential property

If the house/ flat proposed to be purchased is yet to be constructed or is under construction, interim security may be required (till the period of its completion)"

Self
Minimum Age (in yrs.)	Minimum 21 years
Minimum Income (in Rs.)	Regular Source of Income should be there
Minimum Work Experience (yrs.)	NA
Residence Status (yrs.)	Valid Residence proof
Id Proof	PAN card/Voters ID/Passport/Driving License/Any other valid proof
Address Proof	Recent telephone bill/Electricity bill/Passport/Voters ID/Driving License/Any other valid address proof
DOB Proof	10th class certificate
Financial Docs	-Employment Certificate/Salary Certificate/ Form no. 16 -Last 6 Month’s Bank Account statement -last 3 years Income Tax return
Other Docs	-Govt. ID proof -Govt. address proof -Photos as specified by Bank -Co-Lateral Security (if needed) -Details of the property from Promoters -Photocopy of receipts of Govt. Taxes and Bills -Sanctioned Plan of the property -Registration deed of the Land in the name of the Promoter

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Salaried
Minimum Age (in yrs.)	Minimum 21 years
Minimum Income (in Rs.)	Regular Source of Income should be there
Minimum Work Experience (yrs.)	NA
Residence Status (yrs.)	Valid Residence proof
Id Proof	PAN card/Voters ID/Passport/Driving License/Any other valid proof
Address Proof	Recent telephone bill/Electricity bill/Passport/Voters ID/Driving License/Any other valid address proof
DOB Proof	10th class certificate
Financial Docs	-Employment Certificate/Salary Certificate/ Form no. 16 -Last 6 Month’s Bank Account statement -last 3 years Income Tax return
Other Docs	-Govt. ID proof -Govt. address proof -Photos as specified by Bank -Co-Lateral Security (if needed) -Details of the property from Promoters -Photocopy of receipts of Govt. Taxes and Bills -Sanctioned Plan of the property -Registration deed of the Land in the name of the Promoter

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

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