• Medical emergency.
• Expenditure of family.
• Supplementing pension or other income.
• Repayment of existing loan taken for the residential property.
• Up-gradation, renovation, extension or insurance of existing residential property.
• Meeting any other genuine need of the borrower.

• Indian citizen above 60 years.
• Owns self-acquired and self-occupied residential property in India
• Individual, either singly or jointly with spouse, in case of a living spouse older than 55 years, as co-applicant; number of surviving spouses on the date of sanction should not be more than one.

• The property against which the borrower proposes to raise the loan should be his/her permanent primary residence.
• The property should be self-acquired and self owned.
• Borrower(s) will be required to inform the bank when they cease to use the residence as their permanent residence.

• Minimum Rs. 1 Lakh inclusive of interest
• Maximum up to Rs. 100 Lakhs inclusive of interest subject to max 90% of the market value of the property depending on location.

• Minimum tenure of 15 years and maximum tenure of up to 20 years, if the borrower's age is between 60 and 65.
• Minimum tenure of 10 years and maximum tenure of 20 years, if the borrower's age is above 65.

• Please click here to know our latest rate of interest
• Please click here to know our latest processing charges.

• There is NO prepayment penalty if the loan is adjusted by the borrower from his own verifiable legitimate sources
• A penalty of 2% on the average 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 source/party (except genuine sale).

• Equitable mortgage (E.M.) of the residential/ commercial property, which is in the name of the borrower and/ or his family members. The co-owners of the property need to join in as co-borrowers

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

• Proof of identity (any of the following)
  1. Passport
  2. PAN Card
  3. Employee identity card
  4. Any other valid proof


• Proof of address (any of the following)
  1. Electricity bill
  2. Telephone bill
  3. Ration card
  4. Any other valid proof


• PAN Card


• Property papers
  1. Proof of ownership
  2. Title Deed


• 3 photographs


• Any other document required as per the application form

1. 70% of the market value of the residential property.
2. Rs. 100 Lakhs.

Please see the Forms & Documents Tab above for information on the list of documents required

• Application - Whereby you submit a completely filled in application with all necessary documents
• Sanction - Whereby you get an approval for a specific loan amount based on the value of your property and repayment capabilities
• Disbursement - Whereby the loan amount is disbursed

• You can visit any of our special retail lending branches called Union Loan Points (ULPs). To locate a ULP, click here
• You can visit any of our branches. To locate a branch, click here
• Request for a contact online
• You can also contact our 24 x 7 Call Centre