Union Bank home loan offer

Union Bank of India has liberalised its home loan scheme whereby it will give additional loan to customers, who wish to shift their housing loan to the bank, for further construction or renovation. Further, since customers, who have constructed/purchased a dwelling unit with a loan from the bank, may incur various miscellaneous expenses while shifting to the new house, Union Bank will make personal loan available with liberalised norms, the bank said in a statement. Further, to promote usage of renewable sources of energy, the public sector bank said it will include the cost of solar power panel in the cost of housing project. Home loan repayment will be considered up to the age of 70 years by including the pension income of the borrower.


Source : Thehindubusinessline