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Building your dream home can be an overwhelming experience, and financing such projects can be daunting. This is where Union Bank of India offers financing solutions with home construction loan. The Union Bank’s construction loan is designed to ease the financial challenge of building or renovating a property. This scheme provides a structured and flexible financing option. It is an ideal choice for all your construction financing needs. It highlights its unique features, benefits, and the seamless process that sets it apart in real estate development and financing. Here is a quick snapshot of the Union Bank house construction loan.
Eligibility Criteria | Salaried and Self-Employed |
Income Criteria | Minimum salary is INR 25000 |
Nationality | Indian |
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Table of Content


Features of Union Bank Home Construction Loan
Union Bank’s Construction Loan comes with competitive interest rates, fixed or floating, aligning with market trends. Moreover, it offers diverse repayment options like step-up plans and flexible tenures, easing the financial load. Furthermore, with extended repayment periods, borrowers can manage monthly payments better. Generous loan amounts are granted based on eligibility and property value, while Union Bank’s efficient processing ensures swift disbursal. Additionally, the streamlined application requires minimal documentation, simplifying the customer borrowing experience.
Union Bank Home Construction Loan Interest Rates
Here is a quick rundown of the Union Bank house construction loan interest rates.
Loan Type | Interest Rate |
Union Bank Construction/Plot Loan | Starting from 8.40% |
Union Bank Home Construction Loan Fees & Charges
Following is a basic snapshot of the Union Bank house construction loan fees & charges.
Age Criteria | Minimum: 21 years. Maximum: 60 years |
Loan Tenure | Up to 30 years |
Loan Amount | No cap, depending on your repayment capacity |
Interest Rate | 8.40% – 12. 65% |
Processing Fees | 0.50% of the loan amount, or INR 15,000 |
Prepayment Charges | Nil |
Union Bank Construction Home Loan Eligibility Criteria for Salaried and Self-Employed
The Union Bank Construction Loan eligibility criteria for salaried and self-employed people follow.
Age | 18 years to 75 years (including exit age) |
Employment Type | Salaried and non-salaried individuals |
Resident Status | Indian citizens and NRIs |
Union Bank House Construction Loan Documents Required for Salaried and Self-Employed
Following are the documents required for the Union Bank construction housing loan.
- Application form
- Necessary KYC (Know Your Customer) documentation for the applicant and any co-applicant or guarantor, if applicable.
For salaried individuals
- Proof of income, including the last two years’ Income Tax Returns (ITR) or Form 16, your latest three salary slips, and any additional income proof (if not reflected in ITRs/Form 16).
For non-salaried individuals
- Proof of income, including the last three years Income Tax Returns (ITR) and any additional income proof (if not reflected in ITRs/Form 16).
- Bank statements from the past six months.
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Bank Wise Home Loan Interest Rate
- Reliance Capital Home Loan Interest Rate
- DCB Bank Home Loan Interest Rate
- ICICI Bank Home Loan Interest Rate
- YES Bank Home Loan Interest Rate
- RBL Bank Home Loan Interest Rate
- Federal Bank Home Loan Interest Rate
- IDFC FIRST Bank Home Loan Interest Rate
- HDFC Bank Home Loan Interest Rate
- Axis Bank Home Loan Interest Rate
- Kotak Bank Home Loan Interest Rate
- Deutsche Bank Home Loan Interest Rate
- karnataka bank Home Loan Interest Rate
- karur Vysya Bank Home Loan Interest Rate
- Housing Development Finance Corporation Home Loan Interest Rate
- IndusInd Bank Home Loan Interest Rate
- LIC Housing Finance Home Loan Interest Rate
- HSBC Home Loan Interest Rate
- IDBI Bank Home Loan Interest Rate
- CITI Bank Home Loan Interest Rate
- HDFC Sales Home Loan Interest Rate
- Punjab National Bank Home Loan Interest Rate
- Canara Bank Home Loan Interest Rate
- Bank of India Home Loan Interest Rate
- Union Bank of India Home Loan Interest Rate
- Punjab & Sind Bank Home Loan Interest Rate
- State Bank of India Home Loan Interest Rate
- Bank of Baroda Home Loan Interest Rate
- Indian bank Home Loan Interest Rate
- Bank of Maharashtra Home Loan Interest Rate
- Clix Capital Home Loan Interest Rate
- Hero Housing Finance Home Loan Interest Rate
- Hero FinCorp Home Loan Interest Rate
- Vastu Housing Finance Home Loan Interest Rate
- Aadhar housing Finance Home Loan Interest Rate
- DHFL Home Loan Interest Rate
- Muthoot Finance Ltd Home Loan Interest Rate
- Edelweiss Financial Services Home Loan Interest Rate
- Piramal Housing Finance Home Loan Interest Rate
- Fullerton India Home Loan Interest Rate
- Capri Global Home Loan Interest Rate
- Capital First Ltd. Home Loan Interest Rate
- Poonawalla Fincorp Limited Home Loan Interest Rate
- Cholamandalam Finance Home Loan Interest Rate
- IndiaBulls Home Loan Interest Rate
- Ujjivan Small Finance Bank Home Loan Interest Rate
- Tata Capital Housing Finance Limited Home Loan Interest Rate
- L&T Finance Home Loan Interest Rate
- Aditya Birla Finance Limited Home Loan Interest Rate
- Godrej Housing Finance Home Loan Interest Rate
- Punjab National Bank Housing Finance Home Loan Interest Rate
- IIFL Finance Home Loan Interest Rate
- Bajaj Finserv Home Loan Interest Rate
- Home First Finance Company Home Loan Interest Rate