70 Lakh Union Bank of India Home Loan

Union Bank of India offers generous support for individuals who want to own a house. Whether the applicants wish to buy, build, or renovate, the banks have options and resources to disburse funds on time. The bank further guarantees eligible candidates will receive the best rates available in the market, associated with flexible repayment plans. However, before finalising your decision, you should have a clear insight into the 70 lakh home loan EMI with Union Bank of India. This helps determine whether you can manage such a substantial financial commitment, empowering you to make a more informed decision. We further detail the Union Bank of India home loan interest rate for 70 lakhs, applicable eligibility, documentation, and associated fees, ensuring a seamless borrowing experience. Let’s scroll down.

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
Kirti Bansal
Kirti Bansal
Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.
Reviewed By
Piyush Bothra
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.

70 Lakh Home Loan Union Bank of India – Highlights

The following is the Union Bank of India home loan interest rate for 70 lakhs and other key parameters:

Interest Rates Starting at 8.50% p.a.
Loan-to-value ratio (LTV) 75% of the property price
Loan Tenure Up to 30 years
Eligibility Both Indian citizens and NRIs

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

Have a look at the 70 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
70 Lakh 8.50% p.a. 5 years ₹1,43,616 ₹16,16,943 ₹86,16,943

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

Below is the 70 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
70 Lakh 8.50% p.a. 10 years ₹86,790 ₹34,14,798 ₹1,04,14,798

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

Here is the Union Bank of India home loan 70 lakh EMI amount with a tenure of 15 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
70 Lakh 8.50% p.a. 15 years ₹68,932 ₹54,07,718 ₹1,24,07,718

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

Following is the 70 lakh home loan EMI for 20 years from the Union Bank of India:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total Amount Payment
70 Lakh 8.50% p.a. 20 years ₹60,748 ₹75,79,430 ₹1,45,79,430

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

Let’s examine the 70 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
70 Lakh 8.50% p.a. 25 years ₹56,366 ₹99,09,769 ₹1,69,09,769

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

Following are the fees and charges in addition to the Union Bank of India home loan interest rate of 70 lakhs:

Fee/Charge Amount
Processing Fee 0.50% of the loan amount
Foreclosure Charges Nil
Penal Interest Rate 2% of the default amount
Stamp Duty & Other Statutory Charges At actuals

70 Lakh Union Bank of India Home Loan – Documents Required

Have a look at the required documents for the Union Bank of India 70 lakh home loan: 

  • Proof of Identity: PAN card, aadhar card, voter ID, passport, etc.
  • Proof of Address: Utility bill, rental agreement, aadhar card, driving license, etc.
  • Proof of Salaried: Last 2-year ITR/Form 16 and 3-month salary slips (Applicable only to salaried individuals).
  • Proof of Business: Last 3-year ITR and other documents show your business existence (Applicable only to self-employed).
  • Proof of Property: Sale agreement, title deed, payment receipts, NOC from the builder, etc.
  • Additional Documents: Bank statement for the last 6 months and two recent passport-size photographs.

70 Lakh Union Bank of India Home Loan – Eligibility Criteria

Below is the applicable 70 lakh home loan eligibility in Union Bank of India:

  • Age: You should be between 18 and 75 years of age.
  • Employment Criteria: You should be either a salaried or self-employed individual.
  • Credit Score: You should have a good credit score, typically 700 or higher.
  • Residential Status: You must be an Indian citizen, including the NRIs.

Frequently Asked Questions

What is the EMI for a 70 lakh home loan for 20 years in Union Bank of India?

For a home loan of 70 lakh from Union Bank of India with a 20-year tenure and an annual interest rate of 8.50%, the estimated EMI amounts to ₹60,748.

Who is eligible for a 70 lakh home loan in Union Bank of India?

Both salaried and self-employed individuals can apply for a 70 lakh home loan at Union Bank of India.

What is the monthly interest rate of a 70 lakh home loan in Union Bank of India?

The monthly interest rate for a 70 lakh home loan at Union Bank of India begins at 0.71%.
Urban Money