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.

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

HOME LOAN CORPOARTE LOAN VEHICLE LOAN LOAN AGAINST PROPERTY EDUCATION LOAN .

either singly or jointly with other family members .HOME LOAN  ELIGIBILITY  Indian citizen above 21 years  Individual.

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

000.      Moratorium period of up to 18 months Repayment period of up to 25 years. .50-13. 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. Interest rate for 0 to 5 year is 12.50% of the loan amount subject to maximum of Rs.75% upto 2crore Processing charges are 0. 10 years in case of repairs Flexible methods of repayment. 15.

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 .

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 .SECURITY •Equitable mortgage (E.) of the residential property •If the house/ flat proposed to be purchased is yet to be constructed or is under construction.M.

      Repayment period of up to 25 years (300 EMIs). if the loan is taken over. Construction: semi urban 7lac. jointly with other family members.) of the residential property. Individuals.a.M. 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. Property insurance is compulsory to the tune of the loan amount. A penalty of 2% on the average balance of the preceding 12 months. .rural area 5lac Repair: semi urban 3lac. Equitable mortgage (E. rural area 2lac.UNION AWAS       Minimum 21 year and minimum regular source of income 48000 p. A guarantee of sufficient means is required.

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 Rs. 500 per vehicle plus service tax Rs. 2 Lakhs Above Rs. 1000 per vehicle plus service tax .

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. 3rd party guarantee of sufficient means  .2-wheelers  Rs. 250 per vehicle plus service tax  A penalty of 2% on the average balance of the preceding 12 months.  GUARANTEE  Guarantee of the spouse is required  In case borrower is unmarried.

UNION EDUCATION    ELIGIBILITY Indian citizen Secured admission to the concerned institute in India or abroad through appropriate selection process and cleared the qualifying examination. USA and other such institutes  Diploma courses are not covered under Union Education   . 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.

maximum Up to Rs. Interest 10. MORATORIUM PERIOD Course period + 1 year Course period + 6 months after commencement of job Repayment period of up to 7 years after moratorium period.             Limit or quantum of loan For studies in India .higher can be for specail scheme For studies outside India. margin is 5% for studies in India and 15% for studies outside India. 10 Lakhs. MARGIN i. Repayment Repayment period of up to 7 years after moratorium period. 4 Lakhs. your share For loans upto Rs. 4 Lakhs.65 base rate . the margin is nil For loans above Rs. 20 Lakhs.e.maximum upto Rs.

7.SECURITY LOAN AMOUNT SECURITY Upto Rs. 7.5 Lakhs • No collateral security required • Third party guarantee is needed Collateral security of suitable value is required Above Rs.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 . 4 Lakhs NIL Rs. 4 .

Balance sheet Agriculturists Income certificate from concerned revenue officer (Tahsildar) Proof of land holding .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 . 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.Class X or equivalent onwards     Proof of income.

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

Fresh valuation at the cost of the borrower(s) is required once in three years during the tenure of the loan  . Monthly income 10000 for salary base people and 1. either singly or jointly with other family members. In absence of IT returns of agriculturists. income certificate by relevant authorities can be accepted.UNION MORTGAGE       ELIGIBILITY: Age 18-60 Own a residential/ commercial property such as house/ flat/ building.20 lacs for non salary based person. 50% of the fair market value of the property mortgaged as per the valuation report not more than 6month. QUANTUM OF LOAN 1 to 50 lakh for metro and urban cities  1 to 25 for semi urban cities. Individual.

40 % floating Prepayment penalty A penalty of 2% on the average balance of the preceding 12 months. Nature of facility Term loan Term loan and secured overdraft Salaried people Non salaried people       REPAYMENT: Upto 7 year Interest rate 14. .

  SECURITY Equitable mortgage (E.M.) of the residential/ commercial property  Guarantee is not mandatory  INSURANCE should be tune of the property .

CORPORATE CREDIT .

FCL/FCTL .e.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.

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

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 .

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