Union Bank of India Home Loan for Self Employed

The dream of owning a home is widespread in today's ever-changing economic landscape. However, the path to achieving this dream is highly personal, especially for self-employed people. Creating your ideal home can be a daunting task for self-employed individuals. 

But what if there was a way to make your dream a reality? Union Bank of India's Home Loan for Self-Employed opens the door to buying a new home and represents a partnership where the bank invests in the client's success and stability. With a long-standing reputation for trust and a dedication to financial empowerment, Union Bank of India is a guiding pillar for self-employed individuals on their journey to homeownership, ensuring that every entrepreneurial journey has a rewarding destination.

Union Bank of India Home Loan for Self-Employed – Highlights

Here are the highlights of the Union Bank Home Loan for a self-employed individual in a concise tabular format:

Union Bank of India  Home Loan for Self-Employed – Fees and Charges

Here’s a list of fees and charges for Union Bank of India Home Loan for Self-Employed:

Union Bank of India  Home Loan for Self-Employed – Documents Required

Union Bank home loan documents for self-employed persons are as follows:

• Identity Proof: (PAN Card, Aadhaar Card, Voter ID card, or Passport)
• Address Proof: Recent Electricity Bill/ Telephone Bill/ Aadhaar Card/ Voter ID
• Property Documents: Sale Agreement, Property Title Deed, Approved Building Plan, Property Tax Receipts
• Other Documents: Passport-size photographs
  
• Income Proof:
  
  For Business Owners/Entrepreneurs:

-Business Registration License/Certificate of Practice

-Tax Returns for the last 3 years (including Income Tax Returns and Service Tax Returns if applicable)

-Profit and Loss Account, Balance Sheet for the last 3 years, audited or certified by a Chartered Accountant

-Bank Statement of the business account for the last 6 months

For Self-Employed Professionals (Doctors, Architects, Chartered Accountants, etc.):

-Proof of qualification

-Tax Returns for the last 3 years

-Profit and Loss Account, Balance Sheet for the last 3 years, audited by a Chartered Accountant

-Bank Statement for the last 6 months

Union Bank of India Home Loan for Self-Employed – Eligibility Criteria

The Union Bank of India home loan eligibility for self-employed are mentioned below:

• Minimum age of 18 years, maximum of 75 years at loan maturity
• An Indian resident or Non-Resident Indian (NRI)
• Individuals may apply singly or jointly with other eligible individuals