A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • City Union Bank Home Loan

    Buying a house or owning a plot is one of the most basic necessities in life. Having a home that we can call our own not only ensures a shelter for our loved ones but also offers financial security. Plus, it acts as an investment instrument as the value of real estate is always on the rise. For most of us, investing in a home often comes with dependency on an external source of financing such as home loans.

    After all, it makes sense to go for a loan which offers to fund a large share in the project costs and allows you to pay in equated installments. Being a leading bank in Tamil Nadu with pan India presence, City Union bank offers loan solutions for a plethora of housing needs at attractive interest rates. Packaged and sold as CUB Sway am Girah, the home loan from this bank is available for the following purposes.

    • For purchasing a house/flat (loan for flat under construction can also be availed)
    • Purchasing a site for construction of a house
    • Constructing a house on a site already owned
    • Improvement or extension of an existing house/flat

    Feature & Benefits of City Union Bank Home Loan:

    Simple eligibility criteria:

    This loan is available to individuals with an established source of income. Salaried, self-employed, farmers, professionals, businessmen and other classes of employed workers are eligible to apply for a home loan under this scheme.

    Repayment period:

    With CUB, you’re free to choose a repayment term of your choice from the options offered. While salaried borrowers get up to 15 years for loan repayment, self-employed businessmen can repay the loan equated installments in up to 10 years.

    Minimal security requirement:

    The security on the loan is in the form of mortgage where equitable part of the house/site/flat will act as collateral until full repayment of the loan amount. There is requirement to furnish any other form of security.

    High loan amount:

    CUB will fund up to 75% of the overall costs involved in the housing project, which implies less burden for you. The maximum loan offered is Rs.25 lakhs. The quantum of finance varies with the type of property involved.

    City Union Bank Home Loan Interest rates:

    The rates offered by CUB are charged on the basis of the loan term chosen by the borrower. The table below provides a breakup.

    Loan term Rate of interest
    Up to 5 years 10.50% (Base rate only)
    5 years to 10 years 11.00% (Base rate +0.50%)
    10 to 15 years 11.50% (Base rate + 1.00%)

    The interest charges are subject to frequent revision without prior notice. Inquire with the nearest branch of CUB before applying for a loan. 

    Home Loan - Sitemap

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    City Union Bank Home Loan Reviews

    • City Union Bank Home Loan
      "Should be transparent"
      0.5 1.0/5 "Really Bad"
      City union bank have promised me 8.5% but they offered me 11% of interest on my home loan. Bank have taken Rs.2 lakhs of processing fee for the loan amount Rs.20 lakhs. The processing fee was too much hence I raised the complain against the bank.
      Was this review helpful? 7
      , bangalore
      Reviewed on Sep 29, 2018
    • City Union Bank
      City Union Bank Home Loan
      0.5 3.0/5 "Satisfactory"
      It was good with City Union bank, they have taken 1 week for the disbursal. Interest rate was pretty high, it was around 14% fixed. Even the service was not that good. However it would be better if CUB improve their customer support and they should compete with the other bank.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 04, 2015
    • City Union Bank Home Loan
      0.5 5.0/5 "Blown Away!"
      I have taken a Housing loan from City Union Bank before 4 years. It was quite aesthetic. Their response towards the application was very quick. The effort which I took to get the loan to be processed was minimum. I got a loan of Rs 10 Lakhs with a tenure of 10 years. The interest rate is 11.25%. Even now they treat me well and as a customer I am very much happy with their services.
      Was this review helpful? 5
      , chennai
      Reviewed on Jul 10, 2015
    • City Union Bank Home Loan
      "Excellent job"
      0.5 5.0/5 "Blown Away!"
      I got House loan from Citi union bank before 1 year and I feel its quite wonderful. I wanted to mention few things about the loan disbursement, where the property was visited by the manager in person and the whole cycle took 15 days but got my loan disbursed within 7 days of time. I am really thankful to the manager G.Viswanathan who took an initiative for my loan processing. Interest rate is quite higher but that can be compensated with satisfactory service provided by them.
      Was this review helpful? 3
      , kolkata
      Reviewed on Jun 02, 2014
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