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