City Union Bank|Premium Home LoanInterest Rate, Eligibility & EMI

Loan 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

Home Saver Option

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

Product Review