unitedbankofindia.com Apply For Housing Loan Scheme : United Bank of India

Organisation : United Bank of India
Facility :Apply For Housing Loan Scheme

Home Page :https://www.unionbankofindia.co.in/english/home-loan.aspx
Apply here : https://www.unionbankofindia.co.in/english/home-loan.aspx

Apply For Housing Loan Scheme :

** One of the Lowest Interest Rates under the scheme
** Elongated repayment period up to 300 months

Related : United Bank of India Make Quick Payment : www.statusin.in/2228.html

** Offer remains valid up to 31.03.2015
** Waiver of processing fee up to Rs.75 Lac
** Waiver of Documentation and Mortgage Charges

Purpose :
** For purchase/construction / extension/ repairs /renovations/furnishing of residential house / flat including the purchase of land and construction thereon.
** Supplementary finance to complete the project financed by the employer.
** Takeover of the Housing Loan from other Banks/Housing Finance Companies, Housing Boards.
** For purchase/construction of 2nd house/flat.

Eligibility :
** Individuals above 21 years, having regular income (i.e. salary/engaged in business / professionals and self-employed persons).
** Salaried person should be in regular & permanent service
** Established and experienced Professional & Self Employed persons (should be at least 03 years in Trade or profession)
** NRIs are eligible

Quantum :
The maximum quantum of loan shall be as under :

Repair / Extension of existing House :
** For Repairs : Rs 5 Lac (maximum)
** For extension :Rs 10 Lac (maximum)

Margin :
** Loan up to Rs.25 Lac – 15% of the Project Cost
** Loan above Rs. 25 Lac – 20% of the Project Cost

Concession in Interest Rate :
** 0.25%, if loan is taken along with Credit Life Insurance cover
** 0.25%, if 50% of the loan amount is additionally secured by way of Bank’s own TD.