A "low interest" loan shouldn't mean you have very little interest in paying it back!
United Bank of India has been subsumed by Punjab National Bank (PNB) recently. The home loan interest rates of Punjab National Bank (PNB) will be applicable to the home loans availed through UBI. You can visit to check the latest home loan interest rates of Punjab National Bank.Â
| Interest Rate | 7.10% p.a. to 7.75% p.a. |
| Loan Amount | Up to Rs.3 crore |
| Processing Fees | 0.59% of the loan amount |
| Prepayment/Foreclosure Charges | Nil |
| Max Tenure | 30 years |
| Rate Packages Available | Floating rate packages |
Compare: Home Loan Interest Rate all Banks
To get an estimate of how much your United Bank home loan EMI will be, use the home loan EMI calculator. This will give you an accurate estimate of the total interest payable and total repayment amount throughout your chosen loan tenure. In the fields given in the calculator, enter your desired home loan amount, the interest rate, processing fee, and desired repayment tenure. This will automatically and instantly generate the interest amount payable and the total repayment amount. If you plan to make a pre-payment on your home loan, you can also enter that amount in the relevant field. This will generate the total repayment amount after the pre-payment amount has been taken into consideration. It will then give you the shortened loan tenure and your savings.
These are some of the loan schemes offered by United Bank to new and existing home loan borrowers:
| Age | 21 years and above |
| Nationality | Resident and Non-Resident Indians |
| Type of Employment | Salaried and self-employed professionals Pensioners (for the United Housing Loan Pensioners scheme) |
Borrowers can choose whether their home loans should be linked to the Marginal Cost of Funds Based Lending (MCLR) rate or Repo Linked Lending Rate (RRLR) at the time of applying for the loan.
Yes, you can apply for United Bank home loans online on the bank’s official website.
The interest rate for buying a third residential unit will be 0.50% more than for buying a first or second home.
Yes, repayment tenure can be extended up to 70 years of age if it can be proved that the applicant has sufficient income sources to repay the loan post retirement.
No, it is different. The maximum quantum of loan for those in metro areas is Rs.3 crore while for rural areas it is Rs.25 lakh.
For repairs, the maximum amount that can be availed is Rs.10 lakh while for extensions it is Rs.15 lakh. This is subject to estimates from the engineer/architect/municipality/corporation.
The margin of the loan can range from 10% to 25% of the project cost (the annual income of the borrower is also a determining factor in this).
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