50 Lakh Union Bank of India Home Loan

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The Union Bank of India's 50 lakh home loan offers individuals an excellent opportunity to own a home. This loan ideally provides substantial financial support, enabling borrowers to buy residential properties without worrying about immediate hefty payments. It also features lower interest rates, personalised repayment plans, and a hassle-free application process, ensuring a smooth borrowing experience. To help you make a more informed decision, Urban Money presents the 50 lakh home loan EMI Union Bank of India, expected interest rates, eligibility criteria, required documents, and associated fees. This ultimately empowers you to avoid unpleasant surprises during the application process and facilitates a seamless repayment journey. Continue to scroll down for more detailed information.

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Table of Content

1. 50 Lakh Home Loan Union Bank of India Highlights

2. 50 Lakh Home Loan EMI for 5 Years Union Bank of India

3. 50 Lakh Home Loan EMI for 10 Years Union Bank of India

4. 50 Lakh Home Loan EMI for 15 Years Union Bank of India

5. 50 Lakh Home Loan EMI for 20 Years Union Bank of India

6. 50 Lakh Home Loan EMI for 25 Years Union Bank of India

7. 50 Lakh Union Bank of India Home Loan Fees and Charges

8. 50 Lakh Union Bank of India Home Loan Documents Required

9. 50 Lakh Union Bank of India Home Loan Eligibility Criteria

Written By

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

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.

50 Lakh Home Loan Union Bank of India – Highlights

The Union Bank of India home loan interest rate for 50 lakh and other key features are detailed below:

Interest Rates	8.50% per annum onwards
Loan Amount	Up to 75% of the property price
Loan Tenure	30 years or up to 75 years of age, whichever comes earlier
Eligibility	Indian residents and Non-Resident Indians (NRIs)

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

Following are the rates and amount for a 50 lakh home loan EMI in Union Bank of India with a tenure of 5 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
50 Lakh	8.50% p.a.	5 years	₹1,02,583	₹11,54,980	₹61,54,980

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

Have a look at the rates for a 50 lakh home loan EMI for 10 years from the Union Bank of India:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
50 Lakh	8.50% p.a.	10 years	₹61,993	₹24,39,160	₹74,39,160

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

Below are the rates for a Union Bank of India home loan of 50 lakh EMI with a tenure of 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
50 Lakh	8.50% p.a.	15 years	₹49,237	₹38,62,660	₹88,62,660

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

The interest rate and amount for a 50 lakh home loan EMI for 20 years from the Union Bank of India are given below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
50 Lakh	8.50% p.a.	20 years	₹43,391	₹54,13,840	₹1,04,13,840

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

Here are the rates for a 50 lakh home loan EMI in Union Bank of India with a tenure of 25 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
50 Lakh	8.50% p.a.	25 years	₹40,261	₹70,78,300	₹1,20,78,300

50 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 50 lakh:

Fee/Charge	Amount
Processing Fee	0.50% of the loan amount
Prepayment Charges	Nil
Late Payment Penalty	2% of the default amount
Stamp Duty & Other Statutory Charges	As per the state law

50 Lakh Union Bank of India Home Loan – Documents Required

Here are the required documents for a Union Bank of India 50 lakh home loan:

Identity Documents	PAN card, aadhaar card, voter ID, passport, etc.
Address Documents	Utility bill, rental agreement, aadhaar card, driving license, etc.
Salaried Employees	Past 2-year ITR/Form 16 and 3-month salary slips.
Self Employees	Past 3-year ITR and other business documents.
Property Documents	Sale agreement, title deed, payment receipts, NOC from the builder, etc.
Additional Documents	Last six months’ bank statements and two passport-size photographs.

50 Lakh Union Bank of India Home Loan – Eligibility Criteria

The 50 lakh home loan eligibility in Union Bank of India is detailed below:

Age Limit	18 – 75 years old
Employment Status	Salaried or self-employed
Credit Score	Preferably 700 or higher
Nationality	Indian citizens and NRIs

Frequently Asked Questions

What is the EMI for a 50 lakh home loan for 20 years in Union Bank of India?

For a 50 lakh home loan from Union Bank of India with a 20-year term and an annual interest rate of 8.50%, the estimated EMI is ₹43,391.

Who is eligible for a 50 lakh home loan in Union Bank of India?

Salaried and self-employed individuals are eligible for a 50 lakh home loan at Union Bank of India.

What is the monthly interest rate of a 50 lakh home loan in Union Bank of India?

The monthly interest rate for a 50 lakh home loan in Union Bank of India begins at 0.71%.

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