Union Bank of India

Union Bank of India

Overview

Loan against property is provided to meet any personal expenditure of varied needs like marriage of children, higher education, medical expenses or any unforeseen expenses and also as liquidity finance.

 

Loan Feature

Loan Amount Up to Rs. 200 Lacs
Interest Rate 14%
Tenure Maximum 10 years
Pre Payment Charges 2% on outstanding balance of last 12 months if loan is closed on take over by other Banks/Financial Institutions
Service Charges

Processing charges:

One time fee of 0.50% of the loan amount

 

Eligibility Criteria : Loan Against Property

  Salaried Self
Age 18-60 years 18-65 years
Income Rs.1.20 lacs p.a. Rs.1.20 lacs p.a.
Job Experience Job experience not provided Job experience not provided
Residence Proof Residence proof Business address proof

Docs Required : Loan Against Property

  Salaried Self
ID Proof PAN card/Voters ID/Passport/Driving License/Employee ID card/Any other valid proof PAN card/Voters ID/Passport/Driving License/Employee ID card/Any other valid proof
Address Proof Recent telephone bill/electricity bill/property tax receipt/passport/voters ID/Driving Licence Recent telephone bill/electricity bill/property tax receipt/passport/voters ID/Driving Licence
DOB Proof 10th class certificate/DOB proof 10th class certificate/DOB proof
Financial Docs
  • Statements (last 12 months bank statement / bank passbook)

  • Last 6 months salary slip with latest Form 16 or letter from employer

    Last one year ITR

  • Bank Statements(last 12 months bank statement /passbook)

  • Last 2 year ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA

Other Charges : Loan Against Property


 

Products offered by Union Bank of India

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