Union Bank of India Home Loan for Salaried Person

Union Bank of India stands with salaried individuals on their path to homeownership. Their program offers flexible repayment plans (up to 30 years!), loan amounts tailored to your income, and competitive interest rates. Understanding salaried professionals' financial needs makes Union Bank an accessible and supportive partner in achieving your dream home. Explore this program today! 

Union Bank Home Loan for Salaried Person – Highlights

Union Bank Home Loan for Salaried Person – Fees and Charges

Union Bank Home Loan for Salaried Person – Documents Required

For a salaried person 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 Salaried Person – Eligibility Criteria

Here are the criteria for getting a Union Bank of India home loan for a salaried individual.

• 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.
• Salaried persons can apply singly or jointly with other eligible individuals, including family members or other salaried persons.
• 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 Salaried Person

Union Bank of India offers salaried persons a variety of home loan options. 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).