How to Apply Home Loan in Union Bank of India?

Hi, 

I was planning for a Home loan, and my cousin suggested that I check the Union Back home loans. She said that the application process is pretty easy, and they also have a low-interest rate. She also said that I could go to the Union Bank of India home loan apply online page to complete the application process. 

I went to the Union Bank website and accordingly applied for the home loan. Here is what I did. 

Union Bank Of India Home Loan Online Apply Process

Union bank home loan application can be done both offline and online. For the offline process, you just need to go to the nearest branch and collect the Application form. Fill out the form and submit it along with the necessary documents. 

I applied through the online process, so you need to go to the official

page. Now, fill out the application form by providing the details that have been asked there. Agree to the terms and conditions and click on Apply Now. Following that, follow the prompts and submit all the documents they ask for. 

But before you go through the UBI home loan apply online process, you should fulfill the eligibility criteria. You can check the eligibility below

• You should be an Indian resident or NRI between the ages of 18 - 75 during the loan duration. 

• The loan amount eligibility depends on your repayment capacity and the value of the property. 

• The loan amount is restricted to 30 lakhs, but you can add a co-applicant if you want to improve the eligibility criteria. 

And that’s all about the Union Bank of India online home loan apply. I hope the Union Bank of India home loan apply online process has been of help to you. 

As I started my search for a home loan, I learned how convenient it was to use Union Bank of India's online application process. I was able to realise my ambition of purchasing a home without issues thanks to the simple and straightforward Union Bank home loan apply online process. To make the process easier for anyone wishing to fulfil their dream of becoming a homeowner, I'll outline the steps I followed.

The Union Bank of India home loan apply process can be done using any of the two ways mentioned below:

• You can obtain an application form from the Union Bank of India branch that is closest to you or simply download one from the website and submit it, along with the necessary documentation and a cheque for the processing fee, to any branch location. In case, you need any assistance you can contact Union Bank customer care on the toll-free numbers

• You also have the choice to apply online through the Union Bank of India's official website.

What are the documents required to apply for home loan in Union Bank of India?

• Duly filled in the application form & credit information

• KYC documents of applicant and co-applicant/guarantor(if any)

1. Identity proof (PAN card/Voters ID/Passport/Aadhaar etc)

2. Address proof (Driving license/Passport/Aadhaar etc)

3. Latest passport-size two photographs

• For salaried - income proof i.e. last 2 years ITR/Form 16, latest 3 salary slips, and proof of other Income if any (In case not reflected in ITRs/Form 16).

• For other than salaried - income proof i.e. last 3 years’ ITR and proof of other Income if any (In case not reflected in ITRs/Form 16).

• Bank statement for the last 6 months.

• Property documents (based on proposed property i.e. Flat/House/Plot):

1. Agreement to sell/Allotment letter.

2. Copy of property ownership documents: Title deed/Original Sale Deed/Share Certificate(s) issued by the society and other link parent documents conveying the ownership. It should be ensured that in case of 2nd or onward sale, all the original documents must be in the possession of the owner/seller.

3. Advance payment receipts/own contribution receipts

4. Copy of approved plan by local body

5. NOC from Builder/Developer/Society

6. Statutory and regulatory approval of construction of proposed residential unit as per state laws.

7. In case of construction/extension/repairs/renovations, estimate the cost of construction /extension/repairs/renovations.

• Additional documents in case of Takeover from other Bank/FI:

1. Sanction letter

2. Statement of account for last 12 months.

3. List of documents held with the Bank/FI (On letterhead)

4. Authority letter from the applicant authorizing the Bank/FI to directly hand over the security documents to our Bank’s authorized officials.

• Additional documents in case the applicant/co-applicant is NRI:

1. An employment contract or offer letter (if the employer contract is in any language other than English, the same has to be translated into English and attested by the employer/Indian Embassy).

2. Latest work permit.

3. Copy of passport.

4. Local address proof, if any.

5. Visa stamped on the passport.

6. Identity card issued by current employer.

• If NRI applicants execute the power of attorney (POA) document abroad, then the same has to be attested by the respective Indian Embassy 

I hope this helps you with the Union Bank home loan apply online process. 

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