Union Bank Of India NRI Home Loan

I want to get the details of Home Loan of Union Bank Of India for NRI so can you please provide me?

[Rajkumar Agarwal]

Home Loans are in great demand by the NRI community and Union Bank Of India offer a specially scheme called Union Paradise.

NRI Home Loan

Purpose

Purchase/ construction of house/ flat
Purchase of plot and construction of house thereon**
Repairs/ improvements/ extension of the existing residential property.
Take-over of housing loan availed from another bank / FI

Eligibility

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 your nearest branch for further details.

Quantum Of Loan-

Depending on repayment capacity of the borrower and value of property

Maximum Rs. 30 Lakhs for Repairs.

Margin, i.e. Your share

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

Moratorium Period-

Moratorium period of up to 36 months.

Repayment-

Repayment period of up to 30 years
10 years in case of repairs
Flexible methods of repayment

Contact-

All-India Toll Free number : 1800 22 22 44 / 1800 208 2244
Charged Numbers : 080-25300175
Dedicated number for NRI : +918025302510