Loan amounts available up to $5,000,000 on 1-unit properties. Mortgage insurance is required for loans exceeding 80% LTV. … For mortgage loans, the APR may include the interest rate plus other charges or fees (such as discount points, mortgage insurance, and origination fees).
In this way, how can I get home loan from Union Bank?
LIST OF DOCUMENTS
- Proof of identity (any of the following) Passport. PAN Card. …
- Proof of address (any of the following) Electricity bill. Telephone bill. …
- PAN Card.
- Last 12 months bank statement.
- Proof of income. For salaried class. …
- Property papers. Allotment letter. …
- 3 photographs.
- Proof of out-goes. Loan repayment statement, if any.
Accordingly, what is the interest rate of Union Bank home loan?
Union Bank of India Home Loan Schemes
| Interest rate for floating rate home loan | 6.80% to 7.40% p.a. |
|---|---|
| Interest rate for fixed rate home loan (up to 5 years) | 11.40% to 12.65% p.a. |
| Processing fee | 0.50% of the loan amount |
Is Union Bank a good bank?
Overview. With $134.7 billion in assets as of March 31, 2019, Union Bank ranked as the No. … Union Bank offers checking accounts, savings accounts, money market accounts, certificates of deposit, credit cards, mortgages, home equity lines of credit, and investment and insurance services.
Does Union Bank do auto loans?
Union Bank has a variety of Consumer Loan products designed to meet all your financial needs for almost any purpose including automobile or boat purchases.
Which bank is best for home loan?
Best Banks Which Offers Home Loans in India
| S.No | Bank Name | Market Percentage |
|---|---|---|
| 1 | SBI Home Loan | 34.00% |
| 2 | HDFC Ltd | 24.13% |
| 3 | LIC Housing | 05.83% |
| 4 | ICICI Bank | 13.10% |
Which bank is best for mortgage loan?
Mortgage Loan Interest Rates Offered by Various Banks
| Lender | Interest Rate (p.a.) | Loan Tenure |
|---|---|---|
| HDFC Bank | 8.75% Onwards | Up to 15 years |
| ICICI Bank | 9.40% Onwards | Up to 15 years |
| State Bank of India (SBI) | 1.60% above 1-year MCLR rate to 2.50% above 1-year MCLR rate | Up to 15 years |
| Axis Bank | 10.50% Onwards | Up to 20 years |
Which bank give more home loan?
| Banks | Loan to Property Value | Interest Rates |
|---|---|---|
| State Bank Of India (SBI) | 75% – 90% | 6.70% – 6.75% |
| Union Bank of India | 65% – 80% | 6.70% – 7.10% |
| HDFC Ltd | 75% -80% | 6.75% – 7.15% |
| ICICI Bank | Upto 85% | 6.75% – 7.55% |
How is Home Loan EMI calculated?
The EMI (or Equated Monthly Instalment) of your loan consists of the principal portion and the interest. Therefore, EMI = principal amount + interest paid on the loan. … Remember, the interest rate and your loan tenure are the vital deciding factors for your loan EMI.
What are the documents required for home loan?
Checklist of Documents Required for Home Loan
- Completed Home Loan Application Form.
- Passport size Photographs.
- Proof of Identification: (Any one of the below) PAN Card. …
- Proof of Age: (Any one of the below) Aadhaar Card. …
- Proof of Residence: (Any one of the below) …
- Income Documents: …
- Property Documents Required For Home Loan:
How do I know if I qualify for a home loan?
Home Loan Eligibility Criteria
- Present Age and Remaining Working Years: The age of the applicant plays a major role in determining home loan eligibility. …
- Age Limit for Salaried Individuals: 21 to 65 years .
- Age Limit for Self-Employed Individuals: 21 to 65 years.
- Minimum Salary: ?10,000 p.m.
How can I check my EMI for Union Bank?
Union Bank of India requires minimum income history and job stability of more than 0 years for salaried individuals and of 0 years for self employed individuals.
- SBI.
- Interest Rates @6.70%
- Lowest EMI Per Lakh ? 645 for 30 Years.
- Customer Rating. 4.2/5.0.
How can I check my home loan balance in Union Bank?
Union Bank of India Home Loan Customer Care
A person can check the loan status by calling the number 1800222244 for any financial queries including home loan.
What is EBLR banking?
EBLR stands for External Benchmark Lending Rate. SBI has adopted Repo Rate as the external benchmark to link its floating rate home loans with effect from 01.10.