30 Lakh Union Bank of India Home Loan

Union Bank of India is one of the leading public sector banks in India, renowned for its extensive range of financial solutions designed to cater to the diverse needs of its customers. With a strong commitment to customer satisfaction, the bank offers a variety of home loan products that are both competitive and customer-friendly. Among its most sought-after offerings is the 30 lakh home loan, specifically to assist individuals in realising their dream of owning a home. This home loan product comes with attractive interest rates, flexible repayment options, and minimal processing fees, making it an ideal choice for potential homeowners. Whether you want to purchase a new home, construct your dream house, or renovate your existing property, the 30 lakh home loan from Union Bank of India provides the financial support and convenience you need to make your homeownership aspirations a reality.

30 Lakh Home Loan Union Bank of India – Highlights

Union Bank of India offers attractive home loan options for borrowers seeking substantial loan amounts. Below are the key highlights of the 30 lakh home loan from Union Bank of India:

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

Understanding the monthly EMI for a 30 lakh home loan from Union Bank of India over a 5-year tenure is crucial for effective financial planning. Here’s the EMI calculation:

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

For those opting for a longer repayment period, a 10-year tenure might be ideal. The table below illustrates the EMI and total amount payable for this tenure:

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

A 15-year tenure balances the loan repayment period with manageable monthly instalments. Below is the EMI and total payable amount for this duration:

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

Choosing a 20-year tenure can significantly reduce monthly EMIs, making the repayment process smoother. Here are the EMI details for this tenure:

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

For maximum tenure, a 25-year loan term can be an excellent option for those looking to minimise their monthly financial burden. Check out the EMI and total amount payable for this tenure:

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

Knowing the associated fees and charges is essential when considering a home loan. Below are the details of the processing fee for a 30 lakh home loan from Union Bank of India:

30 Lakh Union Bank of India Home Loan – Documents Required

When applying for a 30 lakh home loan from Union Bank of India, you need to submit the following documents:

Identity Proof

• Aadhaar Card
• Passport
• Voter ID
• Driving Licence

Address Proof

• Utility Bills (Electricity, Water)
• Passport
• Voter ID
• Rent Agreement

Income Proof

For Salaried Individuals:

• Salary slips for the last 3 months
• Form 16
• Income Tax Returns for the last 2 years

For Self-Employed Individuals:

• Income Tax Returns for the last 3 years
• Balance Sheet and Profit & Loss Account for the last 3 years

Property Documents

• Sale Deed
• Agreement to Sell
• Approved Building Plan
• Property Tax Receipts

Bank Statements

• Bank account statements for the last 6 months

Photographs

• Recent passport-sized photographs of the applicant

30 Lakh Union Bank of India Home Loan – Eligibility Criteria

Union Bank of India offers home loans to many individuals, making the process accessible and inclusive. Here are the simplified eligibility criteria for a 30 lakh home loan:

• Available to Indian citizens and Non-Resident Indians (NRIs)
• Minimum age: 18 years at the time of application
• Maximum age: 75 years at loan maturity
• Can be applied for individually or jointly with other eligible individuals