20,00,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

United Bank Home Loan

United Bank Housing Loan 2021

Last Updated 03rd Aug 2021

United Bank of India is a large Public Sector Bank with the lowest home loan percent rate in India. Currently, the bank offers home loans beginning from 6.95% with quick approval and online process. Home Loan in United Bank of India is quite popular with its special features and attractive rates under various United Bank of India home loan schemes for different income and occupation groups. Some of the key features of United Bank of India housing loan are:

  • United Bank of India also offers pre-approved housing loans at low rates for existing bank customers with strong credit history.
  • United Bank of India has an online application process where the KYC, income and property documents submission can be done digitally.
  • You can easily check the status of your United Bank of India home loan application status on a real time basis on the bank’s website or by visiting their customer care centre.
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

United Bank of India Home Loan Details

United Bank offers multiple home loan products to its customers at low rates. Below-mentioned are the details of home loan United Bank

Age Min 21 and Max 60 years for Salaried
Min 21 and Max 65 years for Self Employed
Repayment Tenure 30 years
Interest Rate 6.95%
Interest Rate Linked To RLLR
Processing Fee Upto 0.59%, Minimum ₹ 1,180 and Maximum ₹ 11,800
Lowest EMI Per Lakh ₹ 662
  • Purpose of Loan: United Bank house loan is taken to purchase, construct a home, renovate your existing home.
  • Key Features of United Bank Home Loans
    • Loan available for both salaried and self employed. Special rates for women borrowers.
    • Borrowers within the age group of 21 and 60 years.
    • Security: Mortgage of property you are planning to purchase, renovate or construct.
    • Loan to Value Ratio of 90%.
    • Loan Tenure can range from 5 to 30 years.
    • Interest rates in the range of 6.95% to 7.75%.
    • United Bank home loan EMI per lakh starts from ₹ 662. However, you can calculate your home loan EMI using United Bank home loan calculator 2021.
  • Special schemes: United Bank offers customised home loan interest rates and schemes for special category of borrowers including women borrowers, senior citizens, NRIs etc.

Features & Benefits of United Bank of India Home Loans

Some of the features and benefits of United Bank of India Home Loans are listed as follows:-

  • United Bank of India Home Loan Interest Rate starts from 6.70%.
  • United Bank of India charges a processing fees of Upto 0.59%, Minimum ₹ 1,180 and Maximum ₹ 11,800.
  • Loan Tenure of Home Loan ranges from 5 years to 30 years.
  • Lowest EMI per lakh on home Loan from United Bank of India is per lakh offered at the lowest interest rate of 6.70% at the longest loan tenure of 30 years.
  • United Bank of India allows prepayment of home loans with Nil charges on floating rate loans.
  • United Bank of India has an average customer rating of 3.5/5.0 from customers who have taken a home loan from the bank.

How to Get Easy Home Loan from United Bank of India?

Getting a home loan from United Bank is fairly easy with an online application process. 5 Steps for United Bank Home Loan Apply

  • Step 1: Visit the website, branch, or website of authorised online channel partner of United Bank and fill in the application form with loan amount required, property details, your personal details, occupation information and your contact number.
  • Step 2: An official of United Bank or online partner will call you to discuss your eligibility of the loan as well as explain the loan rates, terms as well as processing fees and other charges.
  • Step 3: Once you agree to proceed with the loan application, you will need to submit your income and property documents online or a United Bank’s representative will visit your home or office to collect your documents.
  • Step 4: United Bank will ask you to submit the processing fees and take a few days to conduct a credit appraisal and do technical evaluation of your property.
  • Step 5: If you are eligible and your property qualifies for a loan, you will be issued a sanction letter from United Bank and will need to sign a loan agreement with the bank. Post this, the loan will get disbursed to your account.

United Bank of India Home Loan Documents Required

To apply for a home loan in United Bank, the bank asks you to submit the following United Bank Home Loan Documents .

  • Home loan application form with three attested photographs.
  • Identity proofs: PAN, passport, Voter ID card or driving license.
  • Address or residence proofs: Recent copy of utility bills such as telephone, electricity bill, water bill, gas bill, or a copy of aadhar card, passport, driving license.
  • Property papers: Permission for the construction of a property; allotment letter; stamped agreement for sale; registered agreement for sale (only for Maharashtra); share certificate (only for Maharashtra); maintenance and electricity bill of the property; property tax receipt; conveyance deed in case of new property; payment receipts or United Bank account statements of the payments made to the builder or the seller; Xerox copy of the approved plan copy and registered development agreement of the builder.
  • Bank account statements for the last six months of all bank accounts held by the applicant.
  • Loan A/C statement of last one year if any loan is availed previously from any other bank or another lender.
  • Income proof for salaried: Salary certificate or salary slip for the last three months; copies of form 16 of last two years; a copy of IT returns for the last two financial years that is acknowledged by the Income Tax department.
  • Income proof for self-employed: Address proof of business; Income tax returns of last three years; balance sheet and Profit & Loss A/c for last three years; business license details; TDS certificate or Form 16 A.
  • Self-employed professionals like CA or doctors, amongst others, are also required to submit the certificate of qualification.

United Bank of India Home Loan EMI Calculator

United Bank home loan EMI calculator helps the home loan borrowers plan their home loan EMIs, that is composed of the monthly interest rate, and monthly reducing balance. The calculator functions on the basic components of the principal amount, loan tenure and interest rate. United Bank of India Home loan calculator helps the loan borrower pre-plan their home loan in advance.

United Bank of India Home Loan Eligibility Calculator

United Bank of India Home loan eligibility calculator is an online tool that helps the United Bank home loan borrowers estimate their home loan eligibility. The eligibility calculator considers various factors such as the income of the applicant, age, work experience, employment and credit score. Therefore, the eligibility helps one analyse their ability and affordability of a home loan. You can also add a co-applicant in case your loan eligibility is lower than the amount.

Compare United Bank of India Home Loan with Other Banks

FAQs

What are the documents required for home loan United Bank?

To apply for United Bank of India Home Loan, you will be required to submit United Bank home loan documents such as home application form with attested photographs along with various other documents such as identity proof, bank statements, residence proof, property papers and loan account statements if any.

Why should I take a home loan from United Bank of India ?

Below-mentioned is the reason why you must avail a home loan from United Bank

Can I apply for an United Bank home loan online?

Yes, you can apply for a United Bank home loan online by visiting the bank’s official online portal for home loans or at an online marketplace like MyLoanCare.

Which is the best United Bank home loan scheme?

Choosing the best United Bank home loan scheme is subjective to the requirement of the home loan applicant. For instance, there are different home loan offers for the purchase, construction or renovation of a home. Thereby, choosing the best United Bank home loan scheme is based on one’s needs.

Is United Bank good for a home loan?

United Bank is one of the best home loan lenders in the country. Currently, United Bank home loan interest rate 2021 starts at 6.50%.

How can I check my United Bank home loan status?

One can check their United Bank home loan status on United Bank’s home loan portal under the option. ‘Application tracker’. Apart, home loan status can also be checked on the United Bank mobile app

What is the eligibility for a Home Loan of United Bank of India?

The eligibility to avail a Home Loan is set across the applicant’s age and income. The age of the applicant should range between 18-70 years. Further the minimum income of the applicant should be ₹ 25,000 along with a good credit score of 650 and above.

What is United Bank of India Home Loan procedure?

There are two methods to complete the application for United Bank of India Home Loan Process online:

  • Apply online at United Bank of India official website or online portal for home loans.
  • Online Marketplace like MyLoanCare

However, Availing a loan through an online marketplace improves your the chances of getting the best loan rates, low processing fees and special offers in the form of cash backs.

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 loan with the benefit of paying less EMI per month.

Does United Bank of India check CIBIL for home loan?

Yes, to avail home loan from United Bank of India, you must fulfill United Bank of India Home Loan CIBIL requirement of a min CIBIL Score of 650 or above.

Can I transfer my house loan from another bank to United Bank of India?

Yes, Bank gives you the facility to transfer your existing loan with a hassle-free process. Availing loan transfer to United Bank of India can allow you to save interest, 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 Home Loan eligibility if the spouse is co-owner of the property or guarantor of the loan.

What is the benchmark applicable for a housing loan?

The benchmark applicable for Home Loan in United Bank of India is RLLR . RLLR is an external benchmark wherein commercial banks use the RBI’s repo rate to calculate the retail loan interest rate. In RLLR, the reset period is 3 months which implies that banks would revise your interest rate of RLLR-linked loans every 3 months.


Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.50%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 6.90%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 7.05%.

    Invest Now
United Bank Home Loan News - Dec 2021
  • 2021-07-15 : UBI and OBC merged with PNB
    After the merger of UBI and OBC with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
  • 2019-07-19 : United Bank of India loans to get cheaper, as lender reduces MCLR rates by 5 basis points
    United Bank of India has cut its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points. The move is supposed to make customer loans like home loans and mortgage loans cheaper. The lender has reduced a one-year MCLR rate to 8.70% as against 8.75% earlier. For one-month and three months, the rate has been revised to 8.25% and 8.40% respectively, which is also down by 5 basis points from earlier rates. The rates are effective from July 17, 2019.
  • 2019-04-18 : United Bank of India cuts MCLR by 5 basis points
    United Bank of India has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenors for the month of April. The move is supposed to make home loans and mortgage loans cheaper. Now for 3 months, the MCLR stands at 8.45% as compared to 8.50% earlier while for 6 months, the rate has been revised to 8.55% from 8.60% respectively and for 1 year the rate now stands at 8.80% from 8.85% earlier. The revised rates are effective from April 18, 2019.
  • 2019-01-21 : United Bank of India partners with Star Health & Allied Insurance Company
    Public sector lender, United Bank of India (UBI) has announced its partnership with Star Health & Allied Insurance Company that would offer third-party health cover to its customers. In this way, the lender has become a corporate agent of the health insurer. This arrangement would help the bank boost its fee income. In addition to this, the bank is also planning to boost its home loan portfolio this year.
  • 2018-09-14 : United Bank of India shoot up Floating Home Loan rates by 5bps
    United Bank of India has increased its floating interest Rate on the home loan by 5 basis points. The new rate for the Home loan now stands at 8.65%, which was 8.60% earlier. These rates are currently effective. There is no change in the processing fees.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Loader
Please wait while your information is being processed...