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[QUOTE=MariPriya;177693][B]United Housing Loan Scheme[/B]
A shelter of your own  has been eluding you so far? Now your dream for a dream house will be a reality at most attractive terms with the United Housing Loan Scheme.

[url]http://www.unitedbankofindia.com/English/HousingLoan.aspx[/url]

[B]Purpose[/B]:
** For purchase/construction / extension/ repairs /renovations/furnishing of residential house / flat including the purchase of land and construction thereon.
** Supplementary finance to complete the project financed by the employer.
** Takeover of the Housing Loan from other Banks/Housing Finance Companies, Housing Boards.
** Purchase/take-on of long term lease (min. 10 yrs) of house/flat from Govt. Bodies/PSUs (unexpired lease period should exceed at least 5 years than repayment period of loan).
** For purchase/construction of 2nd house/flat.

[B]Eligibility[/B]:
** Individuals above 21 years, having regular income i.e salary/engaged in business / professionals and self-employed persons.
** Salaried person should be in regular & permanent service.
** NRIs are also eligible to avail loans.

[B]Quantum[/B]:
Quantum of loan depends on the cost of house/flat, application’s age, income, repayment capacity etc. Loans of higher amount may be considered on the basis of merit of the case.

[B]Margin[/B]: 
10%  of the Project Cost if the loan amount does not exceed Rs. 20 lac
20% of the project cost if loan amount exceeds Rs.20 lac
** Project cost includes purchase price/ construction or extension or repair cost plus stamp duty and registration cost.
** Margin is not applicable for additional loan amount towards One Time Premium of Life Insurance cover of the borrower under the Scheme.

[B]Repayment[/B]:
** Max. Period of 20 years and tenure is fixed on the basis of age of 1st applicant (whose income contributes major part in recovery) and remaining age of old property.
** For salaries person, the loan shall be repaid within superannuation and for professional & self employed person, within the age of 65 years.
** Flexible Repayment Option: Step-up EMI, Step-down EMI & Lower EMI with lump sum payment at a certain point of time.

[B]Processing Charges[/B]:
** 0.50% of the loan amount minimum. Minimum: Rs.1000/- and Maximum: Rs.10,000/-

[B]Mortgage Charges[/B]: Nil

[B]Security[/B]:
** Mortgage of House / Flat.

[B]Prepayment Charges[/B]:
** Nil.
** In case of takeover of loans by Banks/HFCs, 2% pre-payment charges is levied on outstanding balance.

[B]Concession[/B]:
** 0.25% if loan is taken alongwith Credit Life Insurance cover (Bajaj, TATA AIG or any other Ins.co)
** 0.25% if 50% of the loan amount is additionally secured by way of Bank’s own TD.
** 0.25% for employees of our Bank
** No concession is available for loans upto 5 years

[B]Concession in rate of interest in Tie-up Arrangement[/B]:
If any special interest concession from Card rate is allowed on getting approval from HO, under any Tie-up Arrangement, such concession will continue to be allowed from the card rates.

[B]Contact Us[/B]:
Head Office
United Bank Of India
11 Hemant Basu Sarani
Kolkata - 700001[/QUOTE]

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