5 Crore Union Bank of India Home Loan

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Looking to finance your dream home? The Union Bank of India offers an attractive 5 Crore home loan option. Whether you aim to purchase a new or old residential unit, construct a house on a non-agricultural plot, or even renovate your current home, Union Bank of India provides a flexible and attractive solution. This loan is available to Indian citizens and NRIs, with eligibility based on your income and repayment capacity. The Union Bank of India home loan interest rate for 5 crore is competitive, starting at just 8.35% per annum, ensuring affordability over the repayment period, which can extend up to 30 years. Use the 5 Crore loan EMI calculator from Union Bank of India to plan your payments and make your home ownership journey smooth and stress-free.

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Table of Content

1. 5 Crore Union Bank of India Home Loan Highlights

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

3. 5 Crore Union Bank of India Home Loan EMI For 10 Years

4. 5 Crore Union Bank of India Home Loan EMI For 15 Years

5. 5 Crore Union Bank of India Home Loan EMI For 20 Years

6. 5 Crore Union Bank of India Home Loan EMI For 25 Years

7. 5 Crore Union Bank of India Home Loan Fees & Charges

8. 5 Crore Union Bank of India Home Loan Documents Required

9. 5 Crore Union Bank of India Home Loan Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

5 Crore Union Bank of India Home Loan – Highlights

Note the key highlights and features of the 5 crore Union Bank of India home loan:

Feature	Details
Loan Amount	Up to 5 Crore
Eligibility	Indian citizens and NRIs, 18 to 75 years old
Interest Rate	Competitive rates, starting at 8.35% per annum
Repayment Period	Up to 30 years
Repayment Methods	EMIs, Step-Up, Balloon, FLIP
Processing Charges	0.50% of the loan amount, maximum Rs. 15000 plus GST

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

At an interest rate of 8.35% per annum, the EMI for a 5 crore Union Bank of India home loan for a tenure of 5 years is calculated in the table below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹5 crore	8.35% p.a.	5 years	₹10,22,216	₹1,13,32,939	₹6,13,32,939

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

The EMI for a tenure of 10 years on the 5 crore Union Bank of India home loan is mentioned below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹5 crore	8.35% p.a.	10 years	₹6,15,924	₹2,39,10,933	₹7,39,10,933

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

Refer to the table below to check the EMI on the 5 crore Union Bank of India home loan for a tenure of 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹5 crore	8.35% p.a.	15 years	₹4,87,983	₹3,78,37,011	₹8,78,37,011

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

Over a tenure of 20 years, check the EMI on the 5 crore Union Bank of India home loan:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹5 crore	8.35% p.a.	20 years	₹4,29,176	₹5,30,02,355	₹10,30,02,355

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

Below is the EMI for the 5 crore Union Bank of India home loan for a tenure of 25 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹5 crore	8.35% p.a.	25 years	₹3,97,572	₹6,92,71,591	₹11,92,71,591

5 Crore Union Bank of India Home Loan Fees & Charges

Note the applicable fees & charges on the 5 crore Union Bank of India home loan:

Fee/Charge	Details
Processing Charges	0.50% of the loan amount, maximum Rs. 15,000 plus GST
Prepayment Penalty (Floating Rate)	No prepayment penalty
Prepayment Penalty (Fixed Rate)	2% on the average outstanding balance of the preceding 12 months if taken over by another bank

5 Crore Union Bank of India Home Loan Documents Required

Refer to the table below to know which documents are required to avail of a 5 crore Union Bank of India home loan:

Document Type	Details
Application Form	Duly filled out the application form & credit information
KYC Documents	Identity proof (PAN card/Voters ID/Passport/Aadhaar, etc.), Address proof (Driving licence/Passport/Aadhaar, etc.), Latest passport size two photographs
Income Proof (Salaried)	Last 2 years ITR/Form 16, latest 3 salary slips, proof of other income, if any
Income Proof (Non-Salaried)	Previous 3 years ITR, proof of other income, if any
Bank Statements	The last 6 months’ bank statements
Property Documents	Agreement to sell/Allotment letter, Copy of property ownership documents (Title deed/Original Sale Deed/Share Certificates, etc.), Advance payment receipts/own contribution receipts, Copy of approved plan by local body, NOC from Builder/Developer/Society, Statutory and regulatory approval of construction, Estimate cost of construction/extension/repairs/renovations
Take-over Loan Documents	Sanction letter, Statement of account for last 12 months, List of documents held with the Bank/FI, Authority letter authorising the transfer of security documents
NRI Applicants	An employment contract or offer letter, Latest work permit, Copy of passport, Local address proof, Visa stamped on passport, Identity card issued by the current employer; POA attested by Indian Embassy if executed abroad

5 Crore Union Bank of India Home Loan Eligibility Criteria

Check the points to understand the eligibility criteria for the 5 crore Union Bank of India home loan:

Indian citizens and NRIs are eligible.
Minimum entry age is 18 years.
The maximum exit age is up to 75 years.
Individuals can apply singly or jointly with other eligible individuals.
Eligibility depends on the repayment capacity and the value of the property.
Applicants must provide proof of income, employment, and other relevant documents as required.

Frequently Asked Questions

What is the EMI for a 5 crore Union Bank of India home loan for 20 years?

₹4,29,176 is the EMI if the applicant decides to avail of a 5 crore Union Bank of India home loan for a tenure of 20 years at an interest rate of 8.35% per annum.

Who is eligible for a 5 crore Union Bank of India home loan?

-Indian citizens and NRIs aged 18 to 75 are eligible for the 5 Crore Union Bank of India home loan. Applicants can apply singly or jointly, depending on their repayment capacity and the property's value.

What is the monthly interest rate on a 5 crore Union Bank of India home loan?

The minimum monthly interest rate on a 5 crore Union Bank of India home loan is 0.69%.

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