10 Lakh Union Bank of India Home Loan

A 10 lakh home loan from Union Bank of India provides a straightforward way to finance your home purchase. Whether you're buying, building, or renovating, this loan offers flexibility and ease of application for both Indian residents and NRIs. With the 10 lakh loan EMI calculator from Union Bank of India, you can quickly figure out your monthly payments, helping you budget effectively. This makes managing your finances simpler, ensuring you can comfortably afford your new home without stress.

10 Lakh Home Loan Union Bank of India – Highlights

Here are Union Bank of India’s home loan interest rates for 10 Lakh, along with certain highlights:

10 Lakh Home Loan EMI for 5 Years Union Bank of India

Union Bank of India housing loan EMI for 10 Lakh is mentioned below in detail:

10 Lakh Home Loan EMI for 10 Years Union Bank of India

Here are the 10 Lakh home loan EMI for 10 years from Union Bank of India in a detailed format:

10 Lakh Home Loan EMI for 15 Years Union Bank of India

Here are 10 Lakh home loan EMI for 15 years Union Bank of India, along with highlights:

10 Lakh Home Loan EMI for 20 Years Union Bank of India

10 Lakh home loan EMI for 20 years Union Bank of India are as follows:

10 Lakh Home Loan EMI for 25 Years Union Bank of India

Union Bank of India home loan of 10 Lakh EMI for 25 years is mentioned below:

10 Lakh Union Bank of India Home Loan – Fees and Charges

There are some additional fees with Union Bank of India home loan interest rate of 10 Lakh. These fees are mentioned below: 

10 Lakh Union Bank of India Home Loan – Documents Required

Here are the required documents for Rs.10 Lakh Union Bank of India home loan:

• Photographs: Submit two recent passport-sized photos for both new and existing customers.

• Identification Proof: Provide any one of the following – Passport, Voter ID, Driver’s License, PAN Card, or Aadhar Card.

• Address Proof: Choose any one from – Aadhar Card, Passport, Voter ID, Driver’s License.

• Proof of Age: Any one of the following is acceptable – Birth Certificate, Passport, Driver’s License, SSLC/AISSCE Certificate.

• PAN Card: Required for all applicants. Existing customers can also provide their customer ID or debit card number, along with previous KYC documents.

• Salary Account Statement: Salaried individuals need to provide the last 12 months’ salary account statements. This can be a scanned copy or PDF and is retrievable automatically for existing customers.
• Business Account Statement: Self-employed individuals must submit the most recent 12-month business account statement, either as a scanned copy or PDF. This is also automatically retrievable for existing customers where applicable.

10 Lakh Union Bank of India Home Loan – Eligibility Criteria

The Union Bank of India Rs. 10 Lakh Home Loan is open to both salaried and self-employed individuals, with specific income and age requirements:

• Nationality: Open to Indian citizens and Non-Resident Indians (NRIs).

• Age Requirement: Applicants must be at least 18 years old. The maximum age at the end of the loan term should not exceed 75 years.

• Application: Eligible individuals can apply either on their own or jointly with others.

• Income Stability: Applicants must have a stable income sufficient to meet loan repayments, assessed based on their repayment capacity and property value.

• Credit Score: A good credit score is essential, reflecting a reliable history of debt management.

• Employment:

1. Salaried Applicants: Must have a stable job with a reputable organisation.
2. Self-Employed Applicants: Should run a stable business with documented proof of income continuity.

• Property Value: The loan amount will be determined based on the property’s value and the borrower’s ability to repay.