Union Bank Of India Home Loan Interest Rate and EMI Calculator JAN 2017 – Calculate EMI Online

 

(Updated on 02.01.2017) Union Bank Of India Home Loan EMI Calculator JAN 2017 Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure & Processing Fee.

Union bank of India offers home loans for the purpose of Purchase/ construction of house/ flat, plot and construction of house thereon**, Repairs/ improvements/ extension of the existing residential property.

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Union Bank Of India Home loan

Union Bank Of India is one of the largest government owned banks of India. Step into your dream home with Union Bank Of India home loan. The bank offers various benefits on its home loan schemes like quick disbursal, minimal documentation, insurance cover facility, easy loan repayment options, etc. Union Bank of India home loan can be availed for a maximum tenure of 30 years. The bank charges nominal processing fees and nil prepayment charges. The bank provides home loan at competitive interest rate.

Union Bank Of India Home loan Interest Rates

Floating Rates (For upto 30 years)

Rate of Interest

Upto Rs. 75 lakhs

(MCLR + 0.10)%

Above Rs. 75 lakhs

(MCLR + 0.15)%

Union Home-Smart Save

Rate of Interest

Upto Rs. 75 lakhs

(MCLR + 0.10 +0.25)%

Above Rs. 75 lakhs

(MCLR + 0.15 + 0.50)%

Union Top-up

Rate of Interest

Upto Rs. 30 lakhs

(MCLR + 1.15)%

Above Rs. 30 lakhs

(MCLR + 1.40)%

 Union Bank of India (UBI) Home Loan EMI Calculator

Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

For a loan against the amount of Rs 10,00,000 for 10 years at the interest rate of 8.75% p.a., the EMI comes out as Rs. 12,533 . To know the EMIs for all the years, see the below given table.

Home Loan Amount(Rs)

Interest Rate(p.a.)

Loan Tenure(yrs)

Monthly Installment (EMI)

Total Interest Amount

Total Amount (Principal + Interest)

10,00,000

8.75

1

Rs. 87,336

Rs. 48,027

Rs. 10,48,027

10,00,000

8.75

2

Rs. 45,570

Rs. 93,683

Rs. 10,93,683

10,00,000

8.75

3

Rs. 31,684

Rs. 1,40,606

Rs. 11,40,606

10,00,000

8.75

4

Rs. 24,767

Rs. 1,88,792

Rs. 11,88,792

10,00,000

8.75

5

Rs. 20,637

Rs. 2,38,234

Rs. 12,38,234

10,00,000

8.75

6

Rs. 17,902

Rs. 2,88,923

Rs. 12,88,923

10,00,000

8.75

7

Rs. 15,962

Rs. 3,40,849

Rs. 13,40,849

10,00,000

8.75

8

Rs. 14,521

Rs. 3,94,001

Rs. 13,94,001

10,00,000

8.75

9

Rs. 13,411

Rs. 4,48,363

Rs. 14,48,363

10,00,000

8.75

10

Rs. 12,533

Rs. 5,03,921

Rs. 15,03,921

Union Bank Of India Home Loan Features

  • Union Bank Of India Home Loan can be availed to purchase or for construction of house or flat, purchase of plot and construction of house thereon, repairs/ improvements/ extension of the existing residential property and take-over of housing loan availed from another bank / Financial Institutions.

  • Maximum loan amount which can be availed is Rs. 30 Lakhs for Repairs.

  • Quantum of loan depends on repayment capacity of the borrower and value of property.

  • Equitable mortgage of the residential property can be considered as security.

  • If the house or flat proposed to be purchased is yet to be constructed or is under construction, interim security is required .

  • Moratorium period is up to 36 months.

Union Bank Of India Home Loan Types

Union Smart Save

  • Union Smart Save scheme comes with exciting features like over and above the regular EMI for the loan, customers can deposit additional amount with an option to withdraw excess amount at a later date as per their requirement .

  • Depending on repayment capacity of the borrower and value of property , maximum quantum of loan which can be availed is Rs. 30 Lakhs for Repairs.

  • Repayment period is up to 30 years.

Top–Up Loan

  • Top – up loan facilitates existing home loan borrowers to avail additional loan, who have repaid 24 EMIs in the existing home loan account, to meet any expenditure with respect to the house such as repairs, renovations, furnishing, etc.

  • Minimum quantum of loan which can be availed is Rs. 0.50 lakhs and maximum loan amount depends on repayment capacity of borrower.

  • The processing charges applicable is 0.50% of the loan amount.

Union Bank Of India Home Loan Eligibility

  • The applicant should be an Indian citizen of minimum 21 years.

  • Father, mother, son , spouse ,siblings are permitted as co-applicants .

  • Applicant and co-applicants should have regular sources of income.

  • NRIs are also eligible for the home loan.

Union Bank Of India Home Loan Documents Required

  • Passport , PAN Card, Employee identity card, any other valid proof as Proof of identity.

  • Electricity bill , Telephone bill , Aadhar Card as proof of validity .

  • PAN Card needs to be submitted.

  • Last 12 months bank statement.

  • For salaried class – Last one year ITR , Form-16 or letter from Employer , Last 6 months salary slip and For business class last three years ITR , P and L Balance sheet as proof of income .

  • Allotment letter, advance money receipt , title deed as property papers.

  • Additional documents needs to be submitted in case of NRIs.

Union Bank Of India Home Loan Application

To apply for Union Bank Of India home loan , kindly visit www.loansninsurances.com and avail best home loan products. Both existing and new customer can apply for the home loan. Login to registration page of the website and enter the required detail and submit the requisite documents online.

Union Bank Of India MCLR January 2017

Tenure

MCLR

Overnight

8.15%

1 month

8.35%

3 months

8.40%

6 months

8.50%

1 year

8.65%

2 years

8.70%

3 years

8.75%

Union Bank Of India Home Loan FAQs

Q1) Is property insurance compulsory?

Yes, property insurance is compulsory.

Q2) Is guarantee mandatory in case of Union Bank Of India Home Loan?

Third party guarantee is not mandatory in case of resident Indian and one or two guarantors of Indian Residents, having means equivalent to that of the loan amount, is to be provided in case of NRI applicant.

Q3)What is the maximum loan tenure in case of Union Bank Of India Home Loan?

Maximum loan tenure in case of Union Bank Of India Home Loan is 30 years.

Q4) What is the margin requirements in case of Union Bank Of India Home Loan?

The margin requirements in case of Union Bank Of India Home Loan is as follows:

  • 20% of the total cost of the purchase/ construction of house/ flat for loans upto Rs. 75 Lakhs

  • 25% of the total cost of the purchase/ construction of house/ flat for loans Above Rs. 75 lakhs to Rs. 2 Crores

  • 35% of the total cost of the purchase/ construction of house/ flat for loans Above Rs. 2 Crores

  • 20% of total cost of the repairs

UNION BANK HOME LOAN BRANCHES IN DELHI
Contact Address IFSC Code MICR Code
M 11 Middle Circle Connaught Circus New Delhi 110001 UBIN0557684 110026089
C-8, Anand Vihar,New Delhi – 110 092. UBIN0554286 110026080
24, Community Centre,Ashok Vihar, New Delhi,Pin – 110 052. UBIN0539660 110026026
14/15-F, Connaught Place,New Delhi,Pin – 110 001. UBIN0530786 110026006
625, Chandni Chowk,P.B. No. 1522, New Delhi,Pin – 110 006. UBIN0530719 110026002
3581, Chawri Bazar,Post Box No.1151, New Delhi,Pin – 110 006. UBIN0530727 110026003
Bansal Plaza, 1St Floor, Plot No. 13,Sector 6, Central Market Dwarka,New Delhi 110075 UBIN0553646 110026075
73-74, Sheetal House,Nehru Place, New Delhi,Pin – 110 019 UBIN0541214 110026030
D-43, Nd South Extension Part I,New Delhi,Pin – 110 049 UBIN0549371 110026044
21/3-4, Arvind Marg,Yusuf Sarai, New Delhi,Pin – 110 016 UBIN0534064 110026012
D Block, 9 Shopping Centre – Ii Poorvi Marg,Vasant Vihar, New Delhi,Pin – 110 057 UBIN0534463 110026013
4, Raj Block, Naveen Shahdara,New Delhi,Pin – 110 032 UBIN0530760 110026011
Shop No1 Dda Market Dilshad Garden Delhi Delhi Pincode 110095 UBIN0572853 NA
9 Hakkikat Nagar Gtb New Delhi Delhi Delhi Pincode 11009 UBIN0572977 NA
1Kh No 399 Ghitorni Delhi Delhi Pincode 110030 UBIN0572969 NA

UNION BANK OF INDIA HOME LOAN USER QUERIES/TRENDS JANUARY 2017

User searches for Union Bank Of India Home Loan up +50% in past week – 27.10.2016
User searches for Union Bank Of India Home Loan Interest Rate up +40% in past week – 27.10.2016