What are the Documents Required for Home Loan in Union Bank of India?

Hi, if you are trying to learn about the documents required for home loan Union Bank of India, I can help you with that. I took out a home loan from them last year to purchase my apartment. I learned about these documents after calling their customer support. According to the customer support staff, the documents for salaried individuals and non-salaried individuals are different. Since I am a business owner, I have added the documents needed for a non-salaried person. 

What are the Documents Required for Home Loan in Union Bank of India?

If you are planning to choose a home loan from Union Bank of India, here are the documents that you need to provide to the bank.

• Duly filled application form.

• Photo identity: Aadhar card, PAN card, Voter ID card, or Passport. 

• Address proof: Aadhar card/Driving licence/Voter ID/Registered rent agreement or Passport.

These are the common documents that are applicable for both salaried and non-salaried applicants. Here are the documents that non-salaried individuals need to provide,

• Copy of the partnership deed.

• P&L statements certified by a professional CA and balance sheet.

• Business address proof, VAT or service tax registration papers and business incorporation details.

• Address proof of office.

And that’s it. These are all the documents that you need to provide to avail a home loan from Union Bank. Hope this helps.

I took a home loan from Union Bank a year ago to build my own house in Delhi. I was asked to submit a set of documents at that time for the application purpose. So, I can share the Union Bank home loan documents. 

What are the Union Bank of India Home Loan Documents Required?

• A filled application form and credit information

• KYC documents of the applicant and the co-applicant/guarantor (if any).

1. ID proof (PAN/Voter ID/Passport/Aadhar etc)

2. Address proof (Driving Licence/Passport/Aadhar etc.)

3. Latest passport size two photographs

• Bank statement for the last 6 months

• Property documents based on the type of property

• Copy of property ownership documents: Title deed/Original Sale Deed/Share Certificate(s) issued by the society and other link parent documents conveying the ownership. It should be ensured that in case of 2nd or onward sale, all the original documents must be in the possession of the owner/seller. 

• Copy of approved plan by local body

• Advance payment receipts/own contribution receipt

• NOC from Builder/Developer/Society

• Agreement to sell/Allotment letter.

• Statutory and regulatory approval of construction of proposed residential unit as per state laws.

• In case of construction/extension/repairs/renovations, estimate the cost of construction/extension/repairs/renovations.

Income proof i.e., last two years’ ITR/Form 16, latest 3 salary slips and proof of other income, if any (In case not reflected in ITRs/Form 16).

Income proof i.e., last three year’s ITR and proof of other income, if any (In case not reflected in ITRs/Form 16).

These are the documents required for home loan in Union Bank of India. I hope it helps.