40 Lakh Union Bank of India Home Loan

The Union Bank of India 40 lakh home loan is an appealing credit option. Borrowers can use the funds to buy, build, or renovate the home, catering to diverse housing needs. The bank further features competitive interest rates, flexible repayment plans, and transparent processing, making it a more borrower-friendly credit option. Since the loan application has become completely digital, applicants can check eligibility, submit required documents, and apply for the necessary funds online, eliminating the need to visit bank branches. However, one must calculate the expected 40 lakh home loan EMI in Union Bank of India before finalising the decision. This helps them to make more informed decisions and avoid potential financial strain in future. Let’s scroll down to learn more.

Union Bank of India 40 Lakh Home Loan – Highlights

Let’s take a closer look at the Union Bank of India home loan interest rate for 40 lakhs and other key features:

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

Below is the 40 lakh home loan EMI in Union Bank of India with a tenure of 5 years:

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

Following is the 40 lakh home loan EMI for 10 years from the Union Bank of India:

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

Let’s examine the Union Bank of India home loan of 40 lahks EMI with a tenure of 15 years:

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

Below is the 40 lakh home loan EMI for 20 years from the Union Bank of India:

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

Have a look at the 40 lakh home loan EMI in Union Bank of India with a tenure of 25 years:

40 Lakh 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 40 lakh:

40 Lakh Union Bank of India Home Loan – Documents Required

Let’s examine the applicable documents for the Union Bank of India 40 lakh home loan: 

• KYC Documents: PAN card, aadhaar card, voter ID, passport, utility bill, rental agreement, driving license, etc.
• Income Documents: Past 2-year ITR/Form 16 and 3-month salary slips (Applicable to salaried individuals).
• Business Documents: Last 3-year ITR and other documents to prove your business existence (Applicable to self-employed).
• Property Documents: Sale agreement, title deed, payment receipts, NOC from Builder, etc.
• Additional Documents: Bank statement for the last six months and two latest passport-size photographs.

40 Lakh Union Bank of India Home Loan – Eligibility Criteria

Here is the required 40 lakh home loan eligibility in Union Bank of India:

• Age: Applicants should be between 18 and 75 years of age.
• Employment Status: Applicants should be salaried or self-employed individuals.
• Credit Score: Applicants should have a strong credit score, typically 700 or higher.
• Residential Criteria: Applicants should be Indian citizens, including the NRIs.