City Union Bank Home Loan Interest Rate

City Union Bank (CUB) is a major Indian banking organization that has been servicing the Indian populace for over a century. Their goods and services are designed to provide basic financial services to a diverse variety of customers.

Their CUB, Swayam Gruha Home Financing plan, is designed for customers who want a simple loan transaction. They provide rapid response with minimum documentation. They also have several customer service channels to help you with the complete house loan procedure.

Before you apply for a City Union bank home loan, you should be aware of some of the interesting features listed below.

• The loan money can be used for a variety of purposes. Some of them include the acquisition of a building site, the purchase of a ready-to-move house or flat, the repair or renovation of an existing house or flat, the purchase of a flat under development, or the transfer of an existing lending facility from another bank.
• The maximum tenure for purposes such as house buying and building is 15 years or 180 months. For any other purpose, you can borrow the money for a longer period of time, up to 15 years.
• You could borrow up to INR 1 crore or 75% of the property value for any of the above-mentioned uses.

• This lending program is open to salaried and self-employed persons, as well as professionals and business owners.
• For professionals, self-employed individuals, and business owners, the acceptable loan amount is five times their most recent disclosed income tax return (ITR).
• Any paid employee can borrow up to 60 months of their net take-home earnings.

When you apply for a loan, you must provide a set of documentation. Learn more about them down below-

• A finished and signed application form with a photo.
• Identity proof includes a government-issued Aadhar card, PAN card, passport, driving license, voter id card, and ID card.
• Aadhar Card, Passport, Driving License, Voter ID Card, Electricity/Telephone/Post-Paid Mobile Bill, and Bank Statement are all acceptable forms of address proof.
• Passport, PAN card, Birth Certificate, Driving License, Voter ID card, Employee ID card (only for PSU/ Government employees), and School/College leaving certificate are all acceptable forms of proof of age.
• Form 16.
• Salary slips or certificates from the previous six months for salaried individuals.
• Bank statement over the previous six months
• Income Tax Returns (ITR) for the previous three years
• CA during the last three years' Balance Sheet and Profit & Loss Account that has been certified or audited.
• The cheque for processing charge.
• Copies of the property's title documents and the authorized plan.
• Cost estimate from the architect in the case of construction/renovation.

Here are the City Union Bank home loan interest rate 2024-

• Purchase a building lot for a house.
• Purchase of a prefabricated housing flat
• Existing house/flat modification
• Purchase of a newly built apartment.

You can visit the bank physically to apply for the home loan offline, but there is also a way to do it from the comfort of your home, and that is the online method. The step-by-step process for the online method is mentioned below:

Step 1: You will have to visit the official portal of the bank.

Step 2: Navigate to the section of loans, and choose for home loans.

Step 3: Select the option - apply for home loan and a preferred scheme as given.

Step 4: Once this has been completed you can fill in all of the required details and attach the needed documents.

Step 5: Now, click on submit and the procedure has been completed.

Once you have applied, the bank will contact you on your application.