65 Lakh Union Bank of India Home Loan

Union Bank of India is one of the few public sector banks offering customers customised loan options. With a strong commitment to customer satisfaction, the bank provides a range of loan products, including home loans, personal loans, and education loans. Union Bank of India's 65 lakh home loan offering is designed to accommodate various financial situations, whether you want to purchase a new home, fund your child's education, or manage personal expenses. The bank's competitive interest rates, flexible repayment options, and simplified application processes make it an attractive choice for borrowers. Additionally, Union Bank of India's focus on transparency and customer support ensures that clients receive the guidance they need throughout their loan journey. By prioritising customer needs and offering bespoke financial solutions, Union Bank of India remains a trusted partner for individuals seeking reliable and affordable loan options.

65 Lakh Home Loan Union Bank of India – Highlights

Union Bank of India offers home loans with flexible terms and competitive interest rates. Below are the key features of a ₹65 lakh home loan:

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

Taking a ₹65 lakh home loan with Union Bank of India for a tenure of 5 years involves higher EMI payments but reduces the total interest outlay over the loan period. Below is the EMI calculation:

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

Opting for a 10-year tenure for a ₹65 lakh home loan with Union Bank of India spreads out the repayments more manageably while maintaining a reasonable total repayment amount. Here’s the EMI breakdown:

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

A 15-year tenure on a ₹65 lakh home loan with Union Bank of India offers a balance between manageable EMI amounts and overall interest paid. The following table shows the EMI details:

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

Choosing a 20-year tenure for your ₹65 lakh home loan with Union Bank of India results in lower EMIs, making it easier on your monthly budget while stretching the repayment period. Below are the EMI details:

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

A 25-year tenure for a ₹65 lakh home loan with Union Bank of India significantly reduces monthly EMIs, offering the most budget-friendly repayment plan albeit with higher total interest paid over time. The EMI details are:

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

Understanding the fees associated with a ₹65 lakh home loan with Union Bank of India is crucial for financial planning. Below is a summary:

65 Lakh Union Bank of India Home Loan – Documents Required

Below is a list of the required documents for a ₹65 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:
  • For Salaried Individuals: Salary slips for the last 3 months, Form 16, and Income Tax Returns for the previous 2 years.
  • For Self-Employed Individuals: IT returns for the last 3 years, Balance Sheet, and Profit & Loss Account for the previous three years.
• Bank Statements: Bank account statements for the last six month

65 Lakh Union Bank of India Home Loan – Eligibility Criteria

Here are the specific eligibility requirements for obtaining a ₹65 lakh home loan from Union Bank of India:

• Both Indian residents and Non-Resident Indians (NRIs) are eligible to apply for the loan.
• The minimum age requirement for applicants is 18 years at the time of application, with a maximum age of 75 years at the time of loan maturity.
• The loan can be applied for individually or jointly with other eligible co-applicants.