United Bank of India offer housing loans to NRIs. The loan amount is offered by the bank at attractive rates and the repayment tenure can go up to 25 years. You can avail up to 75% of the cost of the property.
|Loan Tenure||Up to 25 years|
|Interest rates||Starts at 9.75% p.a.|
|Processing fees||0.59% of the loan amount (Subject to a maximum of Rs.15,000|
The listed below eligibility criteria needs to be fulfilled in order to avail the United Bank NRI Home loan:
Note: The PIO must be a citizen of a country other than Bhutan, Nepal, Iran, China, Afghanistan, Sri Lanka, Pakistan, and Bangladesh. He/she must also fulfil the following points:
The documents which needs to be submitted for availing the United Bank Housing loan are listed below:
No, the bank does not offer any loan for the third housing unit.
No, the bank does not offer the loan for purely commercial purpose.
The minimum number of years is 10 years for purchase of long-term lease of house or flat from government bodies or PSUs.
There is no prepayment penalty. However, in case of takeover of loan by banks/HFCs, 2% prepayment charges are levied on the outstanding balance.
The security which needs to be provided are:
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