Union Bank of India Plot Loans

Union Bank of India provides loans for those looking to purchase plots for various purposes, such as residential and commercial. The loan offers an amount of up to 50 lakhs in tier 1 cities and up to 10 crores in tier 1 cities. A flexible 30-month repayment period and competitive interest rate make the Union Bank of India plot loans attractive. Customers can utilise the loan to purchase residential plots from various authorities and private entities.

Highlights of Union Bank Plot Loan

Given below are the key highlights of the the Union Bank of India Plot Loan

Union Bank of India Plot Loan Interest Rates

Below is the rate of interest for the plot loan from the Union Bank of India

Union Bank of India Plot Loan Fees and Charges

Below are the fees and charges you must know before applying for the Union Bank of India plot loan.

Union Bank of India Plot Loan Eligibility Criteria for Salaried

Salaried individuals seeking plot loans from the Union Bank of India must demonstrate stable employment and a regular source of income. They must provide documents such as salary slips, employment letters, and bank statements to verify their income and employment status.

Meeting these eligibility criteria ensures that salaried applicants can access Union Bank of India’s plot loan offerings to fulfil their residential property aspirations.

Union Bank of India Plot Loan Eligibility Criteria for Self-employed

Union Bank of India requires self-employed individuals to demonstrate a stable financial track record and satisfactory credit history to be eligible for plot loans. Applicants should provide proof of income and financial stability through income tax returns, balance sheets, and business registration certificates. Meeting these criteria ensures that self-employed individuals can access financing to purchase residential plots through Union Bank of India’s loan offerings.

Union Bank of India Plot loan Documents Required for Salaried

When seeking a plot loan from Union Bank of India, salaried applicants are required to furnish specific documents alongside their loan application form:

Union Bank of India Plot Loan Documents Required for Self-employed

Self Employed applicants seeking to apply for a plot loan from Union Bank of India must include the following papers with their loan application form:

Features of Union Bank of India Plot Loans

Union Bank of India offers 

• Competitive interest rates to suit various financial profiles.
• Flexible repayment options, including tenure customisation.
• Simplified application process for convenient access to financing.
• Swift loan processing will expedite the plot purchase process.
• Personalised assistance and guidance from Union Bank of India professionals.
• Transparent terms and conditions for enhanced borrower clarity and confidence.

Things to Remember while Applying for a Union Bank of India Plot Loan

• Ensure that you meet the eligibility criteria set by Union Bank of India for plot loans, including factors such as income, credit history, and age.
• Gather all necessary documents, such as identity proof, address proof, income proof, and property documents, to facilitate a smooth application process.
• Read the terms and conditions of Union Bank of India’s plot loan, including interest rates, repayment tenure, and any additional charges or fees.
• Consider consulting with financial advisors or contacting Urban Money’s team of experts. Gain insights into the best loan options available and ensure that you make informed decisions regarding your plot loan application.