UNION HOME Special offer for existing home loan customers To know more, click here   ELIGIBILITY Indian Citizen - 21 years and above. Either single account or joint account with other family members viz.(father, mother, spouse or son ) with regular source of income. Individuals who may be employed/self-employed in business having regular income. A minimum of 40% marks as per investment grade scoring chart(Internal method of the bank). PURPOSE Purchase/construction of independent house/flat. Repair/Improvement/Extension. Repayment of loan availed from another agency/Bank/NBFC. For purchase/ construction of 2nd property (independent house/flat) Plot sold by a Government-recognized agency viz., HUDA, HOUSEFED and such others. QUANTUM   Max Rs. 300 Lacs for Mumbai, Delhi, Kolkata, Chennai, Bengaluru, Ahmedabad, Hyderabad,Gurgaon, Noida and New Delhi.  For other cities Rs. 100 lacs Max. Rs. 10 lacs for repair. MARGIN For loan up to Rs. 200 lacs, 20% of the cost of the property. For loan above Rs. 200 lacs, 35% of the cost of the property. REPAYMENT   Moratorium up to 18 months wherever loan is taken for under construction flat or building. By Equated Monthly Installment (EMI.) The maximum repayment period should not exceed 25 years (including moratorium) for construction / purchase of house/ flat and 10 years for repair. Option of Flip/Step-up/Balloon methods of repayments for the convenience of the borrowers. RATE OF INTEREST ( w e f  15.02.2010) Loan upto Rs. 5 Lacs    Tenor Upto 5 years >5 Years to 10 Years >10 Years to 15 Years >15 Years to 25 Years Fixed 9.75% N.A. N.A. N.A. Floating BPLR    -   2.75% i.e . 9.00 % BPLR   - 2.50 % I .e. 9.25 % BPLR -   2.25 % i.e   9.50 % BPLR -   2.25 % i.e   9.50 %   Loan above Rs 5 Lacs upto 30 Lacs    Tenor Upto 5 years >5 Years to 10 Years >10 Years to 15 Years >15 Years to 25 Years Fixed 9.75% N.A. N.A. N.A. Floating BPLR   -  2.75% i.e . 9.00 % BPLR   - 2.50 % i.e. 9.25 % BPLR -   2.25 % i.e   9.50 %     BPLR -  2.25%         i.e. 9.50%   Loan above Rs 30 Lacs upto 50 Lacs    Tenor Upto 5 years >5 Years to 10 Years >10 Years to 15 Years >15 Years to 25 Years Fixed 10.75% N.A. N.A. N.A. Floating BPLR -  2.50% i.e . 9.25 % BPLR   - 2.25 % i.e. 9.50 % BPLR -   2.00 % i.e   9.75 % BPLR -  2.00%  i.e. 9.75%   Loan above Rs 50 Lacs and upto 200 Lacs   Tenor Upto 5 Years >5 Years to 10 Years >10 Years to 15 Years >15 Years to 25 Years Fixed 10.75% N.A. N.A. N.A. Floating BPLR-   2.25% i.e . 9.50% BPLR   - 1.75 % I .e. 10.00 % BPLR -  1.50% i.e   10.25 % BPLR -  1.50% i.e. 10.25%  Loan above Rs 200 Lacs Tenor Upto 5 Years > 5 Years to 10 Years >10 Years to 15 Years >15 Years to 25 Years Fixed N.A. N.A. N.A. N.A. Floating BPLR-1.75% i.e. 10.00% BPLR-1.25% i.e. 10.50% BPLR-1.00% i.e. 10.75% BPLR-1.00% i.e. 10.75%   BPLR = 11.75% with effect from 01.07.2009   PROCESSING CHARGES 0.50% of loan amount subject to a maximum of Rs.15000/- plus service tax as applicable 50% of the processing charges plus service tax as applicable at the time of application 50% of the processing charges plus service tax as applicable on acceptance of sanction  The Processing charges have been waived under the festive offer till 14th Feb, 2010   PREPAYMENT PENALTY No prepayment penalty  if the loan is adjusted by the borrower from his own verifiable legitimate sources of income or genuine sale. However 2% charged on an average o/s. balance of last 12 months if loan is closed on  take over by other banks/financial institutions.   VALUE ADDED SERVICE    Credit card will be issued free of annual fees No hidden or built-in costs Quick processing and disposal of loan applications Flexible repayment options GUARANTEE Third party guarantee is not mandatory.     List of Builder tie up details