45 Lakh Union Bank of India Home Loan

Are you looking for a home loan that fully supports your dream of owning a home? The Union Bank of India 45 lakh home loan could be your ideal solution. This loan offers competitive interest rates, flexible repayment options, and an efficient application process, making it a preferred choice for many aspiring homeowners. Whether purchasing your first home, upgrading to a larger space, or investing in a property, Union Bank of India provides a comprehensive loan package to meet your needs. With the Union Bank of India's 45 lakh home loan, you can benefit from low processing fees, quick approval times, and various repayment plans. Additionally, the bank offers excellent customer support to assist you through every step of the loan process. Secure your dream home with the Union Bank of India's 45 lakh home loan and make homeownership a reality.

Get in Touch for Home Loan Expert Advice
Connect with our Home Loan Advisor Now!
  • Personalized Home Loan solutions
  • Expert guidance
  • Application assistance
  • Credit score discussion
  • Home Loan Interest rate comparison
+91
Choose City

Written By
Amrita Sinha
Amrita Sinha
Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.
Reviewed By
Amit Prakash Singh
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.

45 Lakh Home Loan Union Bank of India – Highlights

Union Bank of India offers a range of home loan products to meet the diverse needs of borrowers. The 45 lakh home loan option is excellent for those seeking a substantial loan. This loan comes with competitive interest rates and flexible tenure options, ensuring affordability and ease of repayment.

Feature Details
Loan Amount 45 Lakh
Interest Rate 8.35% to 10.90% p.a.
Loan Tenure Up to 30 years

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

Calculating the EMI for a 45 lakh home loan with Union Bank of India for a tenure of 5 years at an interest rate of 8.35% p.a. involves using the standard EMI formula. This calculation helps borrowers understand their monthly repayment obligations and the total amount payable over the loan tenure.

Tenure EMI Payable Total Amount Payable
5 years ₹91,422 ₹54,85,290

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

For a tenure of 10 years, the EMI calculation for a 45 lakh home loan with Union Bank of India at an interest rate of 8.35% p.a. provides insight into the monthly instalments and the overall payment over the loan period.

Tenure EMI Payable Total Amount Payable
10 years ₹55,883 ₹67,05,960

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

Calculating the EMI for a 45 lakh home loan for 15 years at 8.35% p.a. allows borrowers to gauge their monthly financial commitment and the cumulative amount they will pay over the loan duration.

Tenure EMI Payable Total Amount Payable
15 years ₹43,987 ₹79,17,630

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

With a 20-year tenure, the EMI for a 45 lakh home loan from Union Bank of India at 8.35% p.a. helps plan long-term financial strategies, considering the monthly instalment and the total payable amount.

Tenure EMI Payable Total Amount Payable
20 years ₹38,776 ₹93,06,240

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

A 25-year tenure for a 45 lakh home loan at an interest rate of 8.35% p.a. breaks down the monthly EMI and the comprehensive amount payable, aiding borrowers in managing extended financial commitments.

Tenure EMI Payable Total Amount Payable
25 years ₹35,892 ₹1,07,67,540

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

Union Bank of India applies specific fees to its home loan products. Understanding these costs is crucial for borrowers to manage their finances effectively.

Fee/Charge Details
Processing Fee ●     For loan amounts up to ₹1 lakh: ₹2,500

●     For loan amounts over ₹2 lakhs: 2% of the loan amount (min ₹2,500, max ₹8,500)

Part-Prepayment Charges Nil

45 Lakh Union Bank of India Home Loan – Documents Required

Here are the required documents for a 45 lakh home loan from Union Bank of India:

  • Identity Proof: Aadhaar Card, Passport, Voter ID, or Driving License.
  • Address Proof: Utility bills (electricity, water), Passport, Voter ID, or Rent Agreement.
  • Income Proof: Salary slips for the last 3 months, IT returns for the previous 3 years, Balance and Bank account statements for the last 6 months.

45 Lakh Union Bank of India Home Loan – Eligibility Criteria

Eligibility requirements for obtaining a 45 lakh home loan from Union Bank of India are mentioned below:

  • Indian residents and Non-Resident Indians (NRIs) are eligible.
  • Applicants must be between 18 – 75 years of age.

Frequently Asked Questions

What is the EMI for a 45 lakh home loan for 20 years at Union Bank of India?

The EMI for a 45 lakh home loan for 20 years at Union Bank of India at an interest rate of 8.35% p.a. is ₹38,776. Over the loan tenure, the total amount payable will be ₹93,06,240.

Who is eligible for a 45 lakh home loan at Union Bank of India?

Eligibility criteria for a 45 lakh home loan from the Union Bank of India include Indian residents and Non-Resident Indians (NRIs). Applicants must be at least 18 years old at the time of application and not older than 75 years at the time of loan maturity. The loan can be applied for individually or jointly with other eligible co-applicants.

What is the monthly interest rate of a 45 lakh home loan at Union Bank of India?

The interest rate for a 45 lakh home loan from Union Bank of India ranges from 8.35% to 10.90% p.a. This interest rate determines the monthly EMI payable.
Urban Money