I do not submit ITRs as my income is below the ceiling of income tax. Can I get the Loan?
Yes, only income certificate issued by Tehsildar/Mandal Revenue Officer is sufficient to avail the loan under the scheme.

I am not able to service monthly EMIs as I only have agriculture income which I get twice a year. Will I get a loan?
Yes, Quarterly/Half-yearly/Annual frequency instalments are also available matching with the cropping pattern for the loans to be availed by the farmers

Is Guarantor must for availing the loan?
Yes, Loan to be guaranteed by one or two persons of adequate means

What is the maximum quantum of loan?

Do I need to open an account with Union Bank of India for availing and/ or servicing the home loan?
Although opening of account is not mandatory for Resident Indian for availing a loan, we would recommend to bank with us in order to benefit from other value added services.
For NRI opening of a NRE account with Union Bank of India is mandatory for availing a loan.

What documents do I need to submit to avail a home loan?
Please see the Forms & Documents Tab above for information on the list of documents required.

How much time will it take for my home loan to be approved?
It takes 5 days for your loan to be sanctioned, after you have submitted all the required documents.

What are the stages involved in taking a loan?
There are three main stages -
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

How do I approach Union Bank of India for a home loan?
You can approach us in any of the following ways
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 braches. To locate a branch, click here
Request for a contact online
You can also contact our 24 x 7 Call Centre

1. Facilitates existing home loan borrowers to avail additional loan, who have repaid 24 EMIs in the existing home loan account, to meet any expenditure with respect to the house such as  repairs, renovations, furnishing, etc.**
2. Loan upto 50% of the EMIs repaid subject to minimum of Rs. 0.5 Lakh and maximum upto Rs. 5 Lakhs
3. To know rate of interest, please click here
4. The processing charges applicable are 0.50% of the loan amount
5. EM of the existing housing loan will be extended as security
6. Repayment tenure of upto 5 years** (60 EMIs)

1. Concessional rate of interest for 4-wheeler loan to the existing home loan borrowers*

**Conditions apply. For further details, please visit our nearest branch.