Chairman and MD Mavila Vishwanathan Nair Headquarter Mumbai

Union bank is one of India's largest state-owned banks (the government owns 55.43% of its share capital),. Total revenue of bank is 18491 Rs. crore and all the bank's branches have been networked with its 3025 ATMs. Its online Telebanking facility are available to all its Core Banking Customers - individual as well as corporate. It has representative offices in Abu Dhabi, United Arab Emirates, and Shanghai, P China, and Hong Kong.

 Union

Bank of India (UBI) was registered on 11 November 1919 as a limited company in Mumbai and was inaugurated by Mahatma Gandhi. At the time of India's Independence in 1947, UBI still only had four branches - three in Mumbai and one in Saurashtra.

HOME LOAN

CORPOARTE LOAN

VEHICLE LOAN

LOAN AGAINST PROPERTY

EDUCATION LOAN

HOME LOAN

ELIGIBILITY

Indian

citizen above 21 years Individual, either singly or jointly with other family members

QUANTUM OF LOAN

Up to Rs. 3 Crores for A -class cities and up to Rs. 1 Crore for other cities Up to Rs. 10 Lakhs for repairs. MARGIN, I.E. YOUR SHARE 20% of the total cost of the purchase/ construction of house/ flat for loans up to Rs. 2 Crores 35% of the total cost of the purchase/ construction of house/ flat for loans above Rs. 2 Crores 20% of the total cost of the plot 20% of the total cost of the repairs

Moratorium period of up to 18 months Repayment period of up to 25 years; 10 years in case of repairs Flexible methods of repayment. Interest rate for 0 to 5 year is 12.50-13.75% upto 2crore Processing charges are 0.50% of the loan amount subject to maximum of Rs. 15,000. PREPAYMENT PENALTY

Floating

rate loans

There is no prepayment penalty if loan is prepaid from own verifiable sources or taken over by other banks/FIs.

Cont
Fixed

rate loans

There is no prepayment penalty if loan is prepaid from own verifiable sources. A take-over penalty of 2% is charged on the average outstanding balance of the preceding 12 months if the loan is taken over by any other bank / FI or adjusted by the borrower in lump sum from any third party/source

SECURITY Equitable mortgage (E.M.) of the residential property If the house/ flat proposed to be purchased is yet to be constructed or is under construction, interim security may be required (till the period of its completion)

GUARANTEE Third party guarantee is not mandatory INSURANCE Property insurance is compulsory to the tune of the value of the property

UNION AWAS

Minimum 21 year and minimum regular source of income 48000 p.a. Individuals, jointly with other family members. Construction: semi urban 7lac;rural area 5lac Repair: semi urban 3lac; rural area 2lac. A penalty of 2% on the average balance of the preceding 12 months, if the loan is taken over. Equitable mortgage (E.M.) of the residential property.

Repayment period of up to 25 years (300 EMIs); 10 years (120 EMIs) in case of repairs Flexible methods of repayments 50% of the processing charges plus service tax as applicable at the time of application 50% of the processing charges plus service tax as applicable on acceptance of sanction. A guarantee of sufficient means is required. Property insurance is compulsory to the tune of the loan amount.

VEHICLE LOAN UNION MILES

New or old 4 wheeler and new 2 wheeler for 3 year Indian citizen aged 18 years and above holding valid license Loan limit 40 lakh for new and 10 lacs for old vehicle Borrower share 15 % of on-road price (Vehicle Cost + Registration Charges + Insurance + Road Tax) & 50 % of old vehicles cost

4 wheeler
loan amount Processing fees

Upto Rs. 2 Lakhs

Above Rs. 2 Lakhs

Rs. 500 per vehicle plus service tax

Rs. 1000 per vehicle plus service tax

2-wheelers Rs. 250 per vehicle plus service tax A penalty of 2% on the average balance of the preceding 12 months, if the loan is taken over by any other Bank /FI or adjusted by the borrower in lumpsum from any third source/party Security: Hypothecation of vehicle purchased out of Bank's finance Bank's lien to be noted with the Raod Transport authorities. GUARANTEE Guarantee of the spouse is required In case borrower is unmarried, 3rd party guarantee of sufficient means

UNION EDUCATION

ELIGIBILITY
Indian citizen Secured admission to the concerned institute in India or abroad through appropriate selection process and cleared the qualifying examination, if any Courses covered in India Graduation / post-graduation / diploma courses from recongnized universities Technical / professional / management courses Courses covered outside India Graduation / post-graduation degrees offered by recongnized universities Certified degree courses conducted by CIMA, London, CPA, USA and other such institutes Diploma courses are not covered under Union Education

Limit or quantum of loan For studies in India - maximum upto Rs. 10 Lakhs.higher can be for specail scheme For studies outside India- maximum Up to Rs. 20 Lakhs. MARGIN i.e. your share For loans upto Rs. 4 Lakhs, the margin is nil For loans above Rs. 4 Lakhs, margin is 5% for studies in India and 15% for studies outside India. MORATORIUM PERIOD Course period + 1 year Course period + 6 months after commencement of job Repayment period of up to 7 years after moratorium period. Repayment Repayment period of up to 7 years after moratorium period. Interest 10.65 base rate

SECURITY
LOAN AMOUNT SECURITY

Upto Rs.

4 Lakhs

NIL

Rs. 4

- 7.5 Lakhs

No collateral security required Third party guarantee is needed

Collateral security of suitable value is required

Above Rs. 7.5 Lakhs

GUARANTEE Parent / guardian of the student who is availing loan have to join in as coborrower INSURANCE Life insurance of the borrower is compulsory to the tune of the loan amount OTHER CONDITIONS

DOCUMENTS

Proof of identity Passport/PAN Card/Employee identity card/Any other valid proof Proof of address Electricity bill/Telephone bill/Ration card/Any other valid proof Last 12 months bank statement Admission papers Admission letter / admit card Schedule of expenses including fee structure and living expenses Marksheets - Class X or equivalent onwards

Proof of income, if any For salaried class Last one year ITR Form-16/ letter from Employer Last 6 months salary slip For business class Last three years ITR P & L, Balance sheet Agriculturists Income certificate from concerned revenue officer (Tahsildar) Proof of land holding

3 photographs Proof of out-goes Loan repayment statement, if any LIC Policies, if any Valid proof of any other out-go

UNION MORTGAGE

ELIGIBILITY: Age 18-60 Own a residential/ commercial property such as house/ flat/ building. Monthly income 10000 for salary base people and 1.20 lacs for non salary based person. In absence of IT returns of agriculturists, income certificate by relevant authorities can be accepted. Individual, either singly or jointly with other family members.

QUANTUM OF LOAN
1 to 50 lakh for metro and urban cities 1 to 25 for semi urban cities. 50% of the fair market value of the property mortgaged as per the valuation report not more than 6month. Fresh valuation at the cost of the borrower(s) is required once in three years during the tenure of the loan

 Nature

of facility
Term loan
Term loan and secured overdraft

Salaried people
Non salaried people

REPAYMENT: Upto 7 year Interest rate 14.40 % floating Prepayment penalty A penalty of 2% on the average balance of the preceding 12 months,

SECURITY
Equitable mortgage (E.M.) of the residential/ commercial property

Guarantee is not mandatory

INSURANCE should be tune of the property

CORPORATE CREDIT

TERM LOAN

Salient features Funds for Setting up new manufacturing/industrial units Expansion of existing units Swapping of the high cost debts availed from other Banks/FIs Can be under Deferred Payment Guarantee basis Maximum tenor upto 84 months Fast disposal of proposals Term loan can also be availed in foreign currency i.e. FCL/FCTL

INFRASTRUCTURE FINANCE

Salient Features Funding the projects for Generation/Transmission of Power, Developing Roads, Ports & Airports, Laying/maintaining pipelines for gas, crude, water Setting up Industrial Parks, SEZs Telecommunications services Irrigation projects, water treatment plants, sanitation/sewerage systems. Construction of buildings for educational institutions, hospitals, warehouses Maximum tenor upto 20 years Funds can be also be availed in foreign currency viz. Buyers Credit & ECB

TRADE FINANCE

Salient Features Facilities available for meeting pre sales and post sales requirements both in domestic as well as foreign currency Packing Credit advance in domestic as well as foreign currency Running packing credit facility also available Foreign Letters of Credit for procurement of raw materials/goods Purchase/Discounting of Foreign Bills under LC or under confirmed order. Negotiation of Bills under LC Finance under Gold Card Scheme to the exporters on better terms of credit including rate of interest