1 Crore Union Bank of India Home Loan

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The Union Bank of India's 1 crore home loan is a remarkable financial product. It helps individuals to purchase or construct high-value residential properties. The loan ideally features a high loan-to-value ratio, competitive interest rates, and flexible repayment options. Moreover, the bank ensures eligible applicants can expect more transparent processing, minimal documentation, and quick loan approval, making it a more borrower-friendly credit option. The online application process further expedites the overall experience, eliminating the paperwork and bank visits. This all-in-one guide aims to equip you with a thorough understanding of the 1 crore home loan EMI with Union Bank of India, applicable eligibility, documentation, and associated fees. Let’s scroll down to learn more.

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Table of Content

1. 1 Crore Home Loan Union Bank of India Highlights

2. 1 Crore Home Loan EMI for 5 Years Union Bank of India

3. 1 Crore Home Loan EMI for 10 Years Union Bank of India

4. 1 Crore Home Loan EMI for 15 Years Union Bank of India

5. 1 Crore Home Loan EMI for 20 Years Union Bank of India

6. 1 Crore Home Loan EMI for 25 Years Union Bank of India

7. 1 Crore Union Bank of India Home Loan Fees and Charges

8. 1 Crore Union Bank of India Home Loan Documents Required

9. 1 Crore Union Bank of India Home Loan Eligibility Criteria

Written By

Utsah Sharma

Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

1 Crore Home Loan Union Bank of India – Highlights

The Union Bank of India home loan interest rate for 1 crore and other key features are given below:

Interest Rates	8.50% per annum onwards
Loan Amount	Up to 75% of the property price
Loan Tenure	30 years or up to 75 years of age, whichever comes earlier
Eligibility	Both residents of Indians and non-residents of Indians (NRIs)

1 Crore Home Loan EMI for 5 Years Union Bank of India

Following are the rates and amount for a 1 crore home loan EMI in Union Bank of India with a tenure of 5 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
1 Crore	8.50% p.a.	5 years	₹2,05,165	₹23,09,919	₹1,23,09,919

1 Crore Home Loan EMI for 10 Years Union Bank of India

Have a look at the rates for a 1 crore home loan EMI for 10 years from the Union Bank of India:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
1 Crore	8.50% p.a.	10 years	₹1,23,986	₹48,78,283	₹1,48,78,283

1 Crore Home Loan EMI for 15 Years Union Bank of India

Below are the rates for a Union Bank of India home loan 1 crore EMI with a tenure of 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
1 Crore	8.50% p.a.	15 years	₹98,474	₹77,25,312	₹1,77,25,312

1 Crore Home Loan EMI for 20 Years Union Bank of India

The interest rate and amount for a 1 crore home loan EMI for 20 years from the Union Bank of India are given below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
1 Crore	8.50% p.a.	20 years	₹86,782	₹1,08,27,758	₹2,08,27,758

1 Crore Home Loan EMI for 25 Years Union Bank of India

Here are the rates for a 1 crore home loan EMI in Union Bank of India with a tenure of 25 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
1 Crore	8.50% p.a.	25 years	₹80,523	₹1,41,56,812	₹2,41,56,812

1 Crore Union Bank of India Home Loan – Fees and Charges

Below are the fees and charges in addition to the Union Bank of India home loan interest rate of 1 crore:

Fee/Charge	Amount
Processing Fee	0.50% of the loan amount
Prepayment Charges	Nil
Late Payment Penalty	2% of the default amount
Stamp Duty & Other Statutory Charges	As per the state law

1 Crore Union Bank of India Home Loan – Documents Required

The required documents for the Union Bank of India 1 crore home loan are given below:

Identity Documents	PAN card, aadhar card, voter ID, passport, etc.
Address Documents	Utility bill, rental agreement, aadhar card, driving license, etc.
Salaried Employees	Past 2-year ITR/Form 16 and 3-month salary slips.
Self Employed	Past 3-year ITR and other business documents.
Property Documents	Sale agreement, title deed, payment receipts, NOC from the builder, etc.
Additional Documents	Last six months’ bank statements and two passport-size photographs.

1 Crore Union Bank of India Home Loan – Eligibility Criteria

Following are the 1 crore home loan eligibility in Union Bank of India:

Age Limit	18 – 75 years old
Employment Status	Salaried or self-employed
Credit Score	Preferably 700 or higher
Nationality	Indian citizens and NRIs

Frequently Asked Questions

What is the EMI for a 1 crore home loan for 20 years in Union Bank of India?

For a 1 crore home loan over a 20-year term from Union Bank of India, with an annual interest rate of 8.50%, the estimated EMI is ₹86,782.

Who is eligible for a 1 crore home loan in Union Bank of India?

Salaried and self-employed individuals are eligible for a 1 crore home loan at Union Bank of India.

What is the monthly interest rate of a 1 crore home loan in Union Bank of India?

The monthly interest rate for a 1 crore home loan in Union Bank of India starts at 0.71%.

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