2 Crore Union Bank of India Home Loan

Union Bank of India offers home loan schemes to individuals to meet the diverse needs of its customers. Whether you want to purchase or construct a new home or repair or renovate your residence, Union Bank of India offers loan schemes to cater to both requirements. With Union Bank of India home loan interest rates starting at just 8.35% per annum, a good CIBIL score enhances the chances of securing a 2 crore home loan at a lower interest rate. Whether you need a 2 crore home loan for 10 or 20 years, Union Bank ensures a hassle-free and transparent loan process.

2 Crore Home Loan Union Bank of India – Highlights

The key highlights and features of a 2 crore Union Bank of India home loan are given in the table below:

2 Crore Home Loan Union Bank of India EMI For 5 Years

Look at the calculated EMI of a 2 crore Union Bank of India home loan over a period of 5 years by referring to the table below:

2 Crore Home Loan Union Bank of India EMI For 10 Years

Refer to the table below to check the EMI for a 2 crore Union Bank of India home loan over a period of 10 years:

2 Crore Home Loan Union Bank of India EMI For 15 Years

The EMI over a period of 15 years for a 2 crore Union Bank of India home loan is mentioned below:

2 Crore Home Loan Union Bank of India EMI For 20 Years

On a tenure of 20 years, the EMI for a 2 crore Union Bank of India home loan is given below:

2 Crore Home Loan Union Bank of India EMI For 25 Years

Refer to the table below to see the calculated EMI for a 2 crore home loan from Union Bank of India over a 25-year period:

2 Crore Home Loan Union Bank of India – Fees & Charges

Look at the table below to check the applicable fees and charges associated with a 2 crore Union Bank of India home loan:

2 Crore Home Loan Union Bank of India – Documents Required

The documents required for a 2 crore Union Bank of India home loan are given below:

Completed application form and credit information 

KYC documents for the applicant and co-applicant/guarantor (if applicable):

• Proof of identity (PAN card, Voter ID, Passport, Aadhaar, etc.)
• Proof of address (Driving licence, Passport, Aadhaar, etc.)
• Two recent passport-sized photographs

For salaried individuals:

• Income proof: Last 2 years’ ITR/Form 16, most recent 3 months’ salary slips, and evidence of any additional income (if not reflected in ITRs/Form 16)

For non-salaried individuals:

• Income proof: Last 3 years ITR and evidence of any additional income (if not reflected in ITRs/Form 16)
• Bank statements for the past 6 months

Property-related documents (for the proposed property, such as Flat/House/Plot):

• Sale agreement or allotment letter
• Ownership documents: The title deed, the original sale deed, the share certificate(s) issued by the society, and other primary documents verifying ownership. For properties sold multiple times, ensure all original documents are in the possession of the current owner/seller.
• Receipts for advance payments or personal contributions
• Approved plan from the local authority
• NOC from the Builder/Developer/Society
• Statutory and regulatory approvals for the construction of the proposed residential unit as per state laws
• For construction/extension/repairs/renovations, provide an estimate of the construction/extension/repair/renovation costs

Additional documents for loan take-over from another Bank/Financial Institution:

• Sanction letter
• Account statement for the past 12 months
• List of documents held by the Bank/Financial Institution (on official letterhead)
• Authorisation letter from the applicant allowing the Bank/Financial Institution to hand over the security documents to the bank’s authorised representatives

Additional documents if the applicant/co-applicant is an NRI:

• An employment contract or offer letter (translated into English and attested by the employer/Indian Embassy if in another language)
• Current work permit
• Passport copy
• Local address proof, if available
• Visa stamped on the passport
• Identity card issued by the current employer 

2 Crore Home Loan Union Bank of India – Eligibility Criteria

Check whether you fit the eligibility criteria of a Union Bank home loan by referring to the points below:

• Applicant must be an Indian citizen or a NRI
• Minimum Age – 18 years
• Maximum Exit Age – 75 years