75 Lakh Union Bank of India Home Loan

Union Bank of India offers a flexible home loan solution for those looking to borrow 75 lakh. You can easily manage your finances with competitive interest rates starting at 8.35% per annum and various repayment options. Check the home loan interest rate for 75 lakh and determine your eligibility by scrolling through. Use the loan EMI calculator to estimate your monthly payments. Whether you opt for an EMI plan over 10 or 20 years, Union Bank provides a seamless and convenient borrowing experience. Explore the 75 lakh home loan options from Union Bank of India to find the best fit for your needs and ensure a smooth home-buying journey.

75 Lakh Union Bank of India Home Loan – Highlights

The major highlights of the 75 lakh Union Bank of India home loan are as follows:

75 Lakh Union Bank of India Home Loan EMI For 5 Years

The EMI on a 75 lakh Union Bank of India home loan over a tenure of 5 years is as follows:

75 Lakh Union Bank of India Home Loan EMI For 10 Years

Over a tenure of 10 years, the applicable EMI is calculated in the table below for a 75 lakh Union Bank of India home loan:

75 Lakh Union Bank of India Home Loan EMI For 15 Years

The EMI on a 75 lakh Union Bank of India home loan over a period of 15 years is calculated in the table below:

75 Lakh Union Bank of India Home Loan EMI For 20 Years

The loan EMI over a tenure of 20 years on the 75 lakh Union Bank of India home loan is given in the table below:

75 Lakh Union Bank of India Home Loan EMI For 25 Years

For a 75 lakh home loan from Union Bank of India, the EMI over a 25-year tenure is as follows:

75 Lakh Union Bank of India Home Loan – Fees & Charges

The fees and charges on a 75 lakh Union Bank of India home loan are given below:

Processing Fee: Up to 0.50% of the loan amount, capped at a maximum of Rs 15,000 plus GST.

Valuation / Legal / Stamp Duty / CERSAI / Memorandum Registration Charges: As per actuals

Prepayment Penalty:

• No prepayment or take-over penalties for floating-rate loans transferred to another bank or financial institution.
• Fixed-rate loans: No penalty for prepayment with personal funds; 2% penalty on average balance for bank transfers or lump sum settlements, except for genuine sales.

75 Lakh Union Bank of India Home Loan – Documents Required

The 75 lakh Union Bank of India home loan scheme requires the following documents:

General Documents

• Completed application form and credit information
• KYC documents for both applicant and co-applicant/guarantor (if applicable)
  • Proof of identity: PAN card, Voter ID, Passport, Aadhaar, etc.
  • Proof of address: Driving licence, Passport, Aadhaar, etc.
  • Two recent passport-sized photographs

For Salaried Individuals

• Income proof:
  • Last 2 years ITR/Form 16
  • The most recent 3 salary slips
  • Evidence of any additional income (if not reflected in ITRs/Form 16)

For Non-Salaried Individuals

• Income proof:
  • Last 3 years ITR
  • Evidence of any additional income (if not reflected in ITRs/Form 16)
• Bank statements for the past 6 months

Property-Related Documents

• Sale agreement or allotment letter
• Ownership documents:
  • Title deed
  • Original sale deed
  • Share certificates issued by the society
  • Other primary ownership documents
  • For properties sold multiple times, ensure all original documents are with the current owner/seller.
• Receipts for advance payments or personal contributions
• Approved plan from the local authority
• NOC from the builder/developer/society
• Statutory and regulatory approvals for construction as per state laws
• For construction/extension/repairs/renovations, provide an estimate of costs

Additional Documents for Loan Take-Over

• Sanction letter
• Account statement for the past 12 months
• List of documents held by the bank/financial institution (on official letterhead)
• Authorisation letter from the applicant allowing the bank/financial institution to hand over the security documents to our bank’s authorised representatives

Additional Documents for NRI Applicants/Co-Applicants

• An employment contract or offer letter (translated into English and attested by the employer/Indian Embassy if in another language)
• Current work permit
• Passport copy
• Local address proof, if available
• Visa stamped on the passport
• Identity card issued by the current employer

75 Lakh Union Bank of India Home Loan – Eligibility Criteria

Refer to the table below to understand the eligibility criteria for a 75 lakh Union Bank of India home loan: