
Union Bank of India | Home Loan | 01-Apr,2021
About Union Bank of India: Union Bank of India is one of the largest banks established in India, engaged in providing commercial banking services. The bank offers services in corporate and wholesale banking, retail banking operations, treasury operations, and other banking services. In addition, the bank also provides personal and corporate loans. The bank was founded on November 11, 1919. Its head office is currently located in Mumbai, India.
Detail: Applicant’s age should be at least 21 years and less than 70 years. KYC - PAN, address & ID proof. No guarantor required.
Annual Percentage Rate (APR): 6.80%
Minimum & Maximum period for repayment (Loan Tenure): 5 to 30 years
Loan processing charges: 0.50% of the loan amount
Late Payment: --
Foreclosure Charges: --
Partpayment Charges: --
Maximum Loan Amount: Up to 25 lakh
Sector : Finance
Industry : Regional Banks
Union Bank of India was a small bank at the time of its establishment. However, after its merger with Andhra Bank and Corporation Bank, it has become one of the largest banks in India. According to information from various sources, the merged entity has become the fourth largest bank in terms of branch network.
You will go on the Official website.
| Union Bank of India | ROI | Max Loan Amount | Tenure | Processing Fee | Late Payment | Foreclosure Charges | Partpayment Charges | |
|---|---|---|---|---|---|---|---|---|
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Personal Loan | 8.90% p.a. | Up to Rs. 15 lakh | 12 months to 60 months | 0.50% of the loan amount, minimum Rs. 500 | -- | Nil | -- |
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Home Loan | 6.80% | Up to 25 lakh | 5 to 30 years | 0.50% of the loan amount | -- | -- | -- |
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Education Loan | 12.25% (fixed) | Rs 7.50 lakh | 1 years to 10 years | This loan does not carry any processing fee. | -- | -- | -- |
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Car Loan | 7.40% p.a. | Rs.20 lakh | 12 months to 84 months | Rs.1,000 Excluding GST | -- | -- | -- |
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Gold Loan | 13.00% p.a. | Up to Rs. 20 lakhs | 6 months to 12 months | -- | -- | Nil | Nil |
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