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  #2  
Old November 7th, 2012, 12:55 PM
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Join Date: Dec 2011
Default Re: Union Bank of India Mumbai India

You want to know address of Union Bank of India Mumbai so here is its address:

Union Bank of India
Union Bank Bhavan,
239, Vidhan Bhavan Marg,
Nariman Point,
Mumbai - 400 021,
Maharashtra,
India
Ph: 022-22892000
Call Centre 24x7: Toll Free 1800222244,
Others 022-25751500, +91 -22 -25719600
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  #3  
Old October 28th, 2015, 06:07 PM
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Default Re: Union Bank of India Mumbai India

Sir I want to take a home loan from Union Bank of India Mumbai India so can you tell me what is the eligibility and conditions.
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  #4  
Old October 28th, 2015, 06:08 PM
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Join Date: Dec 2011
Default Re: Union Bank of India Mumbai India

If you are having following PURPOSE like 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
Then you can apply for this loan

ELIGIBILITY
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.

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 18 months.
REPAYMENT
Repayment period of up to 30 years
10 years in case of repairs
Flexible methods of repayment
RATE OF INTEREST AND PROCESSING CHARGES
The applicable processing charges are 0.50% of loan amount subject to a maximum of Rs.15,000/- plus service tax as applicable):- PRESENTLY WAIVED (From 15th Aug 2015 to 31st Mar 2016)
Valuation / Legal / Stamp Duty / CERSAI / Memorandum registration charges as per actuals.


PREPAYMENT PENALTY
Floating rate loans
There is no prepayment penalty if loan is prepaid from own verifiable sources or taken over by other banks/FIs.

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 loan is 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)

GUARANTEE
Third party guarantee is not mandatory for Resident Indian
One/two guarantors of Indian Residents, having means equivalent to that of the loan amount, is to be provided by the NRI applicant


INSURANCE
Property insurance is compulsory to the tune of the value of the property
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