Product Details
Bank Name
City Union Bank
Maximum Loan Tenure
Up to 20 years.
Maximum Loan Amount
7,50,00,000
Interest Rate
Floating: 8.75% to 10.50 per annum.
Fixed: 9.35% to 10.35% per annum.
Type
Both
Down Payment
20%
Fees and Charges
Processing fees- 0.20% on the loan amount plus GST
Pre-payment charges: NIL for floating interest rate. For fixed interest rate, in the case of Balance Transfer a penalty of 2% will be charged but no prepayment penalty will be charged if the loan is repaid from own sources.
Late payment charges: Not mentioned by the bank.
Legal charges: At actuals.
Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank.
Down Payment and Fees
Premium Home Loan
Special Features
None
Eligibility Criteria
Resident Indian citizens and Non-Resident Indians/Persons of Indian origin(PIOs) holding foreign passports who have attained 21 years as of the date of application may apply singly or jointly with other eligible individuals however restricted to a maximum of 3 members(viz., spouse/ children/ parents).
Minimum age: Borrower: Above 21 years of age. Co-borrower/Co-applicant: Age above 18 years may be permitted.
Maximum age: The maximum age limit is fixed at 60 years (for salaried) and 65 years (for non-salaried) i.e., the age by which the loan should be fully repaid subject to the availability of a sufficient, regular and continuous source of income for servicing the loan repayment.
Employment type: Individuals with a steady source of income under the Salaried and non-salaried segment can apply.
Special Concession
No
Home Saver Option
No
Features, Eligibility and Concession
Pros
Minimal processing charges.
Available for both fixed and floating interest rates.
Maximum loan amount of up to 7,50,00,000.
Cons
No Home Saver option.
Pros & Cons
Application Procedure
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