Sale Deed / Title Deed / Free Hold Deed / Link Deed

Copy of the approved plan for the proposed construction / extension / addition

Detailed cost estimate / Valuation / Report from Bank’s Panel Chartered Engineer / Architect

Allotment Letter of Co-operative Housing Society / Apartment Owner’s Association / Housing Board / NOC from the society / Association Builders / Housing Board

Legal Scrutiny Report, EC from the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary

Salary certificate and Form No.16  (in case of salaried persons)

A brief note on the nature of business, years of establishment, type of organization etc. ( in case of self-employed)

Balance Sheet and P&L Account for the past Account for the past three years (in case of self-employed)

Proof of residence & identity – (Driving License / Recent Telephone Bill / Electricity Bill / PAN Card / Voter ID Card etc.)

Receipts of advance payments made to the builder

Home Loan outside the salaried sector can be granted only to income-tax assessee

Prospective borrower can include spouse or any other co-owner as a co-applicant

Purchase of independent house / flat

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.

Maximum Rs. 100 lakhs

For Purchase / construction, 20% of the value of independent house / flat

For repairs,20% of total cost of repair

For purchase of  plot, 20% of the value of the plot

3rd Party guarantee is not mandatory

Fixed & floating rate of interest on daily reducing balance basis

0.5% (0.25% of the loan amount at the time of application plus service tax as applicable 0.25% of loan amount on acceptance of sanction plus applicable as applicable)

Moratorium up to 18 months wherever loan is taken for under construction flat or building

The maximum repayment period should not exceed 20 years for construction / purchase of house / flat and 10 years for repair

Option of Flip / Step-up / Ballon methods of repayments for the convenience of the borrowers

Free Building Insurance

Free Personal Accident coverage (in case of death)

Natural Death (other than accidental death) may be covered under Union Home Plus, which is optional and additional loan can be sanctioned

No pre-payment penalty if the loan is adjusted by the borrower from his own verifiable legitimate sources or genuine sale

2% charged on the average outstanding balance of the preceding 12 months, if loan is closed on take over by another bank / financial institution

Credit Card will be issued (free of admission fees and annual fees during first year)

Triple Insurance benefit

No hidden or built-in costs

Quick processing and disposal of loan applications

Flexible repayments options