Union Bank of India Home Loan for Government Employees

Union Bank empowers government employees to achieve homeownership faster with competitive rates, flexible repayment options, and a streamlined process featuring minimal documentation. Tailored loan solutions and dedicated customer support ensure a smooth journey,  all backed by the security of a trusted financial partner. Make your dream home a reality - explore Union Bank of India's government employee home loan program today! 

Union Bank Home Loan for Government Employees – Highlights

Union Bank Home Loan for Government Employees – Fees and Charges

Union Bank offers home loans at attractive interest rates, regardless of the loan amount, for government or PSU employees. Applicants with a CIC score of 750 and above qualify for an interest rate of EBLR minus 0.90%, which translates to 8.35%. This provision ensures that government and PSU employees can access affordable financing options for their housing needs.

Union Bank Home Loan for Government Employees – Documents Required

For government 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 Government Employees – Eligibility Criteria

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

• Must be an Indian citizen.
• The minimum entry age is 18, and the maximum exit age is 75, ensuring the loan is fully repaid by the age of 75.
• Specifically targeted at government employees.
• Government employees can apply singly or jointly with other eligible individuals, including family members or other government 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 Government Employees

Union Bank of India offers a variety of home loan options to fit your needs, including those of government 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).