City Union Home Loan Interest Rate Calculator - Dec 2016

City Union Bank Home Loan Interest Rates

Last Updated 09th Dec 2016
7th Dec 2016 - RBI keeps interest rates unchanged. Repo rate stays at 6.25%. CRR at 4%. 100% CRR on fresh deposits withdrawn
Interest Rate 10.65% - 11.85%
Check Special Offers
Lowest EMI Rs. 1,115 per lakh
Max Tenure 15 years
Processing Fee Upto 1.00%
Prepayment, Foreclosure Charges Allowed with nil charges for floating rate loans
Age Min 21 and Max 60 years for Salaried
Min 21 and Max 65 years for Self Employed
Apply Home Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 





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City Union Bank Home Loan

City Union Bank offers home loan to the people who want money to purchase a house, home renovation and home extension etc. The house itself acts as a security to the loan.

Home Loan City Union

Home loan interest rates offered by City Union Bank depends upon MCLR.
  • Floating rates changes with a single change in MCLR rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates.
City Union Bank offers home loan based on 6 Month MCLR rates which is currently 9.65%.
City Union Bank home loan interest rate depends upon
  • Loan amount: Home loan rate in City Union Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • Company where you work: City Union Bank has a list of companies to which they lend Home loan. Interest rate will be less if your company is listed
  • Your Salary: Income helps you in identifying your rate of interest. City Union Bank interest rate varies with your monthly income. Higher the income, less will the rate of interest

Home Loan Charges

  • Foreclosure Charges - These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. City Union Bank allows prepayment of home loan with Nil prepayment charges
  • Processing Fee - City Union Bank asks for a processing fee of 1.00% of loan amount with applicable service tax

City Union Home Loan EMI Calculator

    Home Loan EMI of City Union Bank is a fixed amount that you pay each month towards the repayment of your home loan till the end of tenure
  • Home Loan EMI calculator of City Union Bank helps you to calculate your monthly EMI at different rate of interest and also check lowest EMI per lakh on home loan.
  • You can plan your loan amount according to your monthly repayment capacity because higher the loan amount, higher will be the EMI
  • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
  • Loan tenure matters equally as higher tenure reduces your EMI
What are the benefits of calculating City Union Bank Home Loan EMI?
  • EMI calculator of City Union Bank helps you to calculate your monthly EMI at different rate of interest
  • City Union Bank Housing Loan EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

City Union Home Loan Eligibility Calculator

Home Loan eligibility criteria City Union Bank
Eligibility of House loan in City Union Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Age: Age plays an important role to know your eligibility and repayment capacity. City Union Bank offers Home loan to salaried at the age of 21 to 60 years and self employed individuals at 21 to 65 years
  • Income: In case of salaried person, City Union Bank Loan eligibility significantly depends upon the income. Usually bank set minimum levels of income to apply for house loan. Salaried employee should be in government job or working with a reputed private company and getting regular salary in bank account with salary slip, form 16
  • Job stability and Profession: Job stability is important to improve your status and eligibility for Home loan from City Union Bank. Minimum turnover and minimum net income criteria may apply. Business must be registered with at least one government agency such as service tax, VAT, excise, shops and establishment registrar. Other than job stability, profession is also an important factor which can affect your City Union Bank eligibility. If you are working with a reputed company, probability of getting home loan from City Union Bank increases as the income is considered to be more stable
  • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your Home loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your Home loan eligibility
  • Loan Amount: City Union Bank gives you Home loan depending upon your income. City Union Bank gives you an amount ranging from Rs. 1,000,000 to Rs. 100,000,000. To improve chances of approval, apply for a loan amount that you can comfortably service
  • Estimated eligibility online by using Eligibility Calculator.

    City Union Bank Floating Rate Home Loans

    City Union Bank Home Loan Floating
    Upto Rs. 2,500,000 - 10.65%
    Rs. 2,500,001 - 7,500,000 - 10.65%
    Rs. 7,500,001 - 10,000,000 - 10.65%
    Above Rs. 10,000,000 - 10.65% linked to 6 Month MCLR

    City Union Bank Home Loan Top up, Transfer

    Transfer of Home Loan from another bank to City Union Bank?
    City Union Bank offers home loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of City Union Bank
    You can avail additional top-up home loan from City Union Bank, subject to your eligibility

    Housing Loan City Union documents required

    Home Loan for Salaried employee City Union Bank documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

    Home Loan for Self-Employed City Union Bank documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile

    Frequently Asked Questions

    Why to take home loan from City Union Bank?
    City Union Bank offers home loan at lower rate of interest i.e. at 10.65% with the lowest EMI of Rs. 1,115 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your home loan to City Union Bank.
    What is the maximum loan tenure I can opt under City Union Bank house loan?
    City Union Bank offers you a longer tenure of 15 years to repay your home loan with a benefit of paying less EMI per month.
    Do I get tax benefit on home loan from City Union Bank?
    As per Indian Income Tax Act of 1961, residents of India are eligible for tax benefits on principal amount and interest components of a home loan under the section 24 and section 80C of Income Tax Act.
    Can I foreclosure my home loan? What are the charges applicable?
    Yes, you can foreclose your home loan with Nil charges.
    Can I transfer my home loan from another bank to City Union Bank?
    Yes, City Union Bank gives you the facility to transfer your existing home loan with a hassle free process. Home loan balance transfer to City Union Bank offers you to pay lower EMIs and save money.
    Can I club the income of my spouse with mine and apply for joint home loan?
    You can club the income of your spouse to increase your loan eligibility if the spouse is co-owner of the property or guarantor of the loan.
    What is the benchmark applicable for home loan in City Union Bank?
    The benchmark applicable for home loan in City Union Bank is 6 Month MCLR.
    What is the effect of part payments on City Union Bank housing loan EMI ?
    Part payments help you in reducing the outstanding amount of loan which in turn will reduce the interest amount due. After making part payments, paying the same EMI will increase your involvement towards the principal amount which will help you in repaying the loan faster.
    How to increase my eligibility on City Union Bank housing loan?
    If your spouse or family member is earning well, you can make your spouse or family member the co-applicant for your loan. The combination of both of your income will help you in increasing your eligibility to get loan.
    How will interest rate on City Union Bank housing loan change in future?
    • Floating interest rate on City Union Bank housing loan is linked to its 6 Month MCLR Rate, which is currently at 9.65%. So, when City Union Bank offers a home loan at 10.65%, it applies a premium of 1% to its MCLR Rate to arrive at this home loan interest rate.
    • When RBI increases interest rates, the bank may increase its MCLR rate and the applicable interest rate for all existing and new home loans would increase. When RBI cuts interest rates and the bank reduces the MCLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

    City Union Bank Home Loan in India

    City Union Bank Home Loan Customer Care Number, Email, Application Status, Branches

    City Customer Care Number
    Agra 7299075082, callcenter@cityunionbank.com
    Ahmedabad 7299075082, callcenter@cityunionbank.com
    Ambala 7299075081, callcenter@cityunionbank.com
    Anand 7299075082, callcenter@cityunionbank.com
    Aurangabad 7299075082, callcenter@cityunionbank.com
    Bangalore 7299075082, callcenter@cityunionbank.com
    Bhilai 7299075082, callcenter@cityunionbank.com
    Bhilwara 7299075082, callcenter@cityunionbank.com
    Bhiwadi 7299075082, callcenter@cityunionbank.com
    Bhopal 7299075082, callcenter@cityunionbank.com
    Bhubaneswar Cuttack 7299075082, callcenter@cityunionbank.com
    Bikaner 7299075082, callcenter@cityunionbank.com
    Chandigarh 7299075081, callcenter@cityunionbank.com
    Chennai 7299075082, callcenter@cityunionbank.com
    Cochin 7299075082, callcenter@cityunionbank.com
    Coimbatore 7299075082, callcenter@cityunionbank.com
    Dehradun 7299075082, callcenter@cityunionbank.com
    Delhi 7299075081, callcenter@cityunionbank.com
    Durg 7299075082, callcenter@cityunionbank.com
    Faridabad 7299075082, callcenter@cityunionbank.com
    Gandhinagar 7299075082, callcenter@cityunionbank.com
    Ghaziabad 7299075082, callcenter@cityunionbank.com
    Goa 7299075082, callcenter@cityunionbank.com
    Greater Noida 7299075081, callcenter@cityunionbank.com
    Gurgaon 7299075081, callcenter@cityunionbank.com
    Guwahati 7299075082, callcenter@cityunionbank.com
    Gwalior 7299075082, callcenter@cityunionbank.com
    Hyderabad 7299075082, callcenter@cityunionbank.com
    Indore 7299075082, callcenter@cityunionbank.com
    Jabalpur 7299075082, callcenter@cityunionbank.com
    Jaipur 7299075082, callcenter@cityunionbank.com
    Jalandhar 7299075082, callcenter@cityunionbank.com
    Jodhpur 7299075082, callcenter@cityunionbank.com
    Kanpur 7299075082, callcenter@cityunionbank.com
    Karnal 7299075081, callcenter@cityunionbank.com
    Kolhapur 7299075082, callcenter@cityunionbank.com
    Kolkata 7299075082, callcenter@cityunionbank.com
    Kota 7299075082, callcenter@cityunionbank.com
    Kozhikode 7299075082, callcenter@cityunionbank.com
    Lucknow 7299075082, callcenter@cityunionbank.com
    Ludhiana 7299075082, callcenter@cityunionbank.com
    Madurai 7299075082, callcenter@cityunionbank.com
    Meerut 7299075082, callcenter@cityunionbank.com
    Mehsana 7299075082, callcenter@cityunionbank.com
    Mohali Sas Nagar 7299075082, callcenter@cityunionbank.com
    Mumbai 7299075082, callcenter@cityunionbank.com
    Mussoorie 7299075082, callcenter@cityunionbank.com
    Nagpur 7299075082, callcenter@cityunionbank.com
    Nashik 7299075082, callcenter@cityunionbank.com
    Noida 7299075081, callcenter@cityunionbank.com
    Noida Extn. 7299075081, callcenter@cityunionbank.com
    Panipat 7299075082, callcenter@cityunionbank.com
    Patna 7299075082, callcenter@cityunionbank.com
    Pondicherry 7299075082, callcenter@cityunionbank.com
    Pune 7299075082, callcenter@cityunionbank.com
    Raipur 7299075082, callcenter@cityunionbank.com
    Rajkot 7299075082, callcenter@cityunionbank.com
    Ranchi 7299075082, callcenter@cityunionbank.com
    Rohtak 7299075082, callcenter@cityunionbank.com
    Roorkee 7299075082, callcenter@cityunionbank.com
    Salem 7299075082, callcenter@cityunionbank.com
    Shimla 7299075082, callcenter@cityunionbank.com
    Sonepat 7299075081, callcenter@cityunionbank.com
    Surat 7299075082, callcenter@cityunionbank.com
    Trichy 7299075082, callcenter@cityunionbank.com
    Udaipur 7299075082, callcenter@cityunionbank.com
    Vadodara 7299075082, callcenter@cityunionbank.com
    Varanasi 7299075082, callcenter@cityunionbank.com
    Vijaywada 7299075082, callcenter@cityunionbank.com
    Vizag 7299075082, callcenter@cityunionbank.com
City Union Home Loan Interest Rate News - Dec 2016
21st Nov 16 City Union Bank net profit increases by 15 percent
City Union Bank reported an increase of 15 percent in its net profit at Rs. 123 crores in July to September quarter as compared to Rs. 107 crores during same period last year. Net interest income during the period rose to Rs. 301 crores from Rs. 240 crores in same period of last year.
01st Sep 16 City Union Bank has reduced its MCLR from 1st September, 2016
City Union Bank has reduced its Marginal Cost Based Lending Rate (MCLR) across maturities, effective from 1st September, 2016. The 3month, 6 month and 1 year MCLR has been reduced by 25 basis points to 9.6, 9.65 and 9.75 percent respectively. Similarly, the overnight and 1 month MCLR has been reduced 20 basis points to 9.5 and 9.55 percent respectively. For borrowers who have taken a home loan from City Union Bank after 1st April 2016, the reduction in MCLR will translate into a reduction in their home loan rates and hence their interest outgo. However, if you have taken home loan at fixed interest rate then your interest expense will remain unchanged.
14th Aug 16 City Union Bank posts 10.73 per cent growth in profits
City Union Bank has reported an increase of 10.73 per cent in the net profit to Rs. 124 crore in the June quarter of FY17 from Rs. 112 crore in the same period of previous fiscal. Total income of the bank increased to Rs. 883.3 crore in first quarter of FY17 from Rs. 810.93 crore in the same period a year earlier. Gross NPAs and Net NPAs of the bank as a percentage stood at 2.62 per cent and 1.59 per cent in the June quarter from 2.01 per cent and 1.32 per cent in the corresponding period of FY16.
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