Recently, my bank manager informed me of the Union Bank home loan processing fee. A home loan processing fee is an amount that the bank charges to defray the expense of reviewing and approving an application. In Union Bank, there is a processing fee of 0.50% of the loan amount.
What is the Union Bank of India Home Loan Processing Fee?
Like several other banks, Union Bank of India levies a processing fee on house loans that covers the costs of determining the borrower's creditworthiness, confirming supporting documentation, and performing other administrative duties associated with loan approval.
Processing fees are calculated at 0.50% of the loan amount, up to a maximum of Rs. 15,000 + GST.
This charge is normally expressed as a percentage of the loan amount and is subject to change according to the loan amount, the credit history of the applicant, and other variables.
This cost must be paid in complete at the time the loan application is submitted and is typically non-refundable.
You can apply for home loan by directly visiting the
official website of Union Bank of India
. I hope you get an idea of the home loan processing fee Union Bank. Save Big on Your Dream Home with NoBroker Transparent, Cost-Effective Home Loan Solutions. Read more -How To Calculate Processing Fee For Home Loan?
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Authors Of The Question
What is the Processing Fee for Home Loan in Union Bank of India?
Xankar
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1 Answers
8 months
2024-05-20T08:19:37+00:00 2024-08-06T15:06:12+00:00Comment
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