United Bank Home Loan Interest Rate Calculator - Dec 2016

United Bank of India Home Loan Interest Rates

Last Updated 04th Dec 2016
Interest Rate 9.55% - 9.55%
Check Special Offers
Lowest EMI Rs. 845 per lakh
Max Tenure 30 years
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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United Bank of India Home Loan

United Bank of India 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 United Bank

Home loan interest rates offered by United Bank of India 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.
United Bank of India offers home loan based on 1 Year MCLR rates which is currently 9.40%.
United Bank of India home loan interest rate depends upon
  • Loan amount: Home loan rate in United Bank of India depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • Company where you work: United Bank of India 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. United Bank of India 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. United Bank of India allows prepayment of home loan with Nil prepayment charges
  • Processing Fee - United Bank of India asks for a processing fee of 0.00% of loan amount with applicable service tax

United Bank Home Loan EMI Calculator

    Home Loan EMI of United Bank of India 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 United Bank of India 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 United Bank of India Home Loan EMI?
  • EMI calculator of United Bank of India helps you to calculate your monthly EMI at different rate of interest
  • United Bank of India 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

United Bank Home Loan Eligibility Calculator

Home Loan eligibility criteria United Bank of India
Eligibility of House loan in United Bank of India 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. United Bank of India 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, United Bank of India 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 United Bank of India. In case you are self-employed, you must be in current profession or business for at least 2 years and should preferably own either your office or your place of residence. 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 United Bank of India eligibility. If you are working with a reputed company, probability of getting home loan from United Bank of India 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: United Bank of India gives you Home loan depending upon your income. United Bank of India gives you an amount ranging from Rs. 1,500,000 to Rs. 30,000,000. To improve chances of approval, apply for a loan amount that you can comfortably service
  • Estimated eligibility online by using Eligibility Calculator.

    United Bank of India Floating Rate Home Loans

    United Bank of India Home Loan Floating
    Upto Rs. 3,000,000 - 9.55%
    Rs. 3,000,001 - 7,500,000 - 9.55%
    Rs. 7,500,001 - 10,000,000 - 9.55%
    Above Rs. 10,000,000 - 9.55% linked to 1 Year MCLR

    United Bank of India Home Loan Top up, Transfer

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

    Housing Loan United Bank documents required

    Home Loan for Salaried employee United Bank of India 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 United Bank of India documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
    • ITR of last 2 years
    • 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 United Bank of India?
    United Bank of India offers home loan at lower rate of interest i.e. at 9.55% with the lowest EMI of Rs. 845 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your home loan to United Bank of India.
    What is the maximum loan tenure I can opt under United Bank of India house loan?
    United Bank of India offers you a longer tenure of 30 years to repay your home loan with a benefit of paying less EMI per month.
    Do I get tax benefit on home loan from United Bank of India?
    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 United Bank of India?
    Yes, United Bank of India gives you the facility to transfer your existing home loan with a hassle free process. Home loan balance transfer to United Bank of India 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 United Bank of India?
    The benchmark applicable for home loan in United Bank of India is 1 Year MCLR.
    What is the effect of part payments on United Bank of India 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 United Bank of India 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 United Bank of India housing loan change in future?
    • Floating interest rate on United Bank of India housing loan is linked to its 1 Year MCLR Rate, which is currently at 9.40%. So, when United Bank of India offers a home loan at 9.55%, it applies a premium of 0.15% 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.

    United Bank of India Home Loan in India

    United Bank of India Home Loan Customer Care Number, Email, Application Status, Branches

    City Customer Care Number
    Agra 1800-345-0345
    Ahmedabad 1800-345-0345
    Ambala 1800-345-0345
    Anand 1800-345-0345
    Aurangabad 1800-345-0345
    Bangalore 1800-345-0345
    Bhilai 1800-345-0345
    Bhilwara 1800-345-0345
    Bhiwadi 1800-345-0345
    Bhopal 1800-345-0345
    Bhubaneswar Cuttack 1800-345-0345
    Bikaner 1800-345-0345
    Chandigarh 1800-345-0345
    Chennai 1800-345-0345
    Cochin 1800-345-0345
    Coimbatore 1800-345-0345
    Dehradun 1800-345-0345
    Delhi 1800-345-0345
    Durg 1800-345-0345
    Faridabad 1800-345-0345
    Gandhinagar 1800-345-0345
    Ghaziabad 1800-345-0345
    Goa 1800-345-0345
    Greater Noida 1800-345-0345
    Gurgaon 1800-345-0345
    Guwahati 1800-345-0345
    Gwalior 1800-345-0345
    Hyderabad 1800-345-0345
    Indore 1800-345-0345
    Jabalpur 1800-345-0345
    Jaipur 1800-345-0345
    Jalandhar 1800-345-0345
    Jodhpur 1800-345-0345
    Kanpur 1800-345-0345
    Karnal 1800-345-0345
    Kolhapur 1800-345-0345
    Kolkata 1800-345-0345
    Kota 1800-345-0345
    Kozhikode 1800-345-0345
    Lucknow 1800-345-0345
    Ludhiana 1800-345-0345
    Madurai 1800-345-0345
    Meerut 1800-345-0345
    Mehsana 1800-345-0345
    Mohali Sas Nagar 1800-345-0345
    Mumbai 1800-345-0345
    Mussoorie 1800-345-0345
    Nagpur 1800-345-0345
    Nashik 1800-345-0345
    Noida 1800-345-0345
    Noida Extn. 1800-345-0345
    Panipat 1800-345-0345
    Patna 1800-345-0345
    Pondicherry 1800-345-0345
    Pune 1800-345-0345
    Raipur 1800-345-0345
    Rajkot 1800-345-0345
    Ranchi 1800-345-0345
    Rohtak 1800-345-0345
    Roorkee 1800-345-0345
    Salem 1800-345-0345
    Shimla 1800-345-0345
    Sonepat 1800-345-0345
    Surat 1800-345-0345
    Trichy 1800-345-0345
    Udaipur 1800-345-0345
    Vadodara 1800-345-0345
    Varanasi 1800-345-0345
    Vijaywada 1800-345-0345
    Vizag 1800-345-0345
United Bank Home Loan Interest Rate News - Dec 2016
09th Aug 16 United Bank of India Q1 net down 27 per cent, bad loans rise
United Bank of India reported nearly 27 per cent fall in its net profit to Rs. 38.32 crore for the quarter ended June 30 due to rise in bad loans. The total income of the bank fell by 2.67 per cent to Rs. 2819.37 crore in the June quarter of FY17 from Rs. 2896.75 crore in the June quarter of previous year. Gross NPAs as a percentage of total loans increased to 14.29 per cent in the first quarter of current financial year. Similarly, the net NPA ratio increased to 9.85 per cent, up from 6.30 per cent during same period of previous fiscal.
20th Jul 16 Govt to infuse up to Rs 810 Cr capital in United Bank of India
United Bank of India said that the government has decided to infuse up to Rs 810 crore capital into the bank in the current fiscal year. Government has decided to allocate 75 per cent of the capital to the bank immediately and remaining 25 per cent will be infused depending upon the performance of the bank by the end of 2016. Government has already announced its plan to infuse Rs. 22915 crore in 13 public sector banks like SBI, PNB, Bank of India and Central Bank of India.
15th Jan 16 United Bank of India to cut bulk deposit rates by up to 1.5%
UBI has reduced interest rates by 25 bps -50 bps for deposits up to Rs 1 Cr and by 25 bps to 150 bps for deposits above Rs 1 crore
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