Union Bank of India Home Loan for Bank Employees

Union Bank, a pillar of the financial sector, offers its employees a unique advantage: a specially designed home loan program for individuals in the banking sector. Recognising their dedication, the bank rewards its staff with competitive interest rates, streamlined applications, and reduced processing fees. This translates to a more accessible and affordable path to homeownership. It's a win-win situation – employees achieve their dream homes, and Union Bank invests in its workforce's well-being and financial security. Explore this program and turn your dream into reality!

Union Bank Home Loan for Bank Employees – Highlights

Union Bank Home Loan for Bank Employees – Fees and Charges

Union Bank Home Loan for Bank Employees – Documents Required

For Bank employees applying for a Union Bank Home Loan, the required documents include:

• Proof of identity (Aadhar Card, PAN Card, Passport, etc.)
• Residence proof (Utility bills, Rent Agreement, Voter ID, etc.)
• Recent salary slips or income proof
• Employment verification or service certificate
• Legal property documents (Title deeds, sale agreement, etc.)
• Completed home loan application form
• The last 6 months’ bank statements
• Credit history report (CIBIL score)

Union Bank Home Loan for Bank Employees – Eligibility Criteria

Here are the criteria to get a Union Bank of India home loan for Bank employees

• Must be an Indian citizen and working as a private or government employee.
• The minimum entry age is 18, and the maximum exit age is 75, ensuring the loan is fully repaid by the age of 75.
• Bank employees can apply singly or jointly with other eligible individuals, including family members or other Bank employees.
• Loan eligibility is significantly influenced by the applicant’s income and repayment capacity.
• A good CIBIL score (typically 700 and above)offers access to better interest rates or terms.

Union Bank Home Loan Schemes for Bank Employees

Union Bank of India offers a variety of home loan options to Bank employees. Here’s what they cover:

• New or existing houses, flats, villas, apartments – you name it!
• Financing is needed to construct your primary residence on a non-agricultural plot.
• Combine land purchase and construction financing with a single scheme.
• Upgrade your existing home with loans for repairs, extensions, etc.
• Easily transfer your existing housing loan from another bank.
• Get help finishing an under-construction property.
• Integrate solar panels with your home purchase or construction (subject to eligibility).