Union Bank of India Interest Rates on Housing Loan

Hii sir, I wanted to know the interest rates on the housing loans of the Union Bank of India?

[Saksham]

As you asking for the housing loans interst rates of the Union Bank of India. The interest rates are :

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

The other details of the housing loan of the union bank of India are given below :

Eligibility criteria:
ELIGIBILITY
Age: Indian citizen above 21 years
Individual, either singly or jointly with other family members viz. father, mother, son and/or spouse, who have regular sources of income as co-applicants.
Siblings, i.e. brother-sister, brother- brother, sister-sister can be permitted as a applicants/co-applicants subject to the property must be in the joint names of the siblings.
NRIs are also eligible for the home loan. Contact our nearest branch for further details.

Moratorium period of up to 18 months.
Fixed rate loans
There is no prepayment penalty if loan is prepaid from own verifiable sources.
A take-over penalty of 2% is charged on the average outstanding balance of the preceding 12 months if the loanis taken over by any other bank / FI or adjusted by the borrower in lumpsum from any third party/source (except genuine sale)

Security :
Equitable mortgage (E.M.) of the residential property
If the house/ flat proposed to be purchased is yet to be constructed or is under construction, interim security may be required (till the period of its completion)