Loan Details

Interest Rate

Starting from 10.90% onwards

Processing Fee

1% of the loan amount





It can go up to 15 years

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
Union Bank of India Loan Against Property
  • Age: Minimum 18 years; maximum 75 years
  • Credit score: Should have a good credit rating
  • Employment type: For both salaried and self-employed
  • Minimum net income (monthly): Should have a regular
    source of income
  • Work experience: At least a year

All the applicants are required to submit the documents listed below with Union Bank:

  • Duly filled in application form
  • Recent Passport size Photographs
  • Proof of Identity Proof
  • Proof of Residency
  • A duly filled loan agreement
  • Property papers

Self-employed candidates are required to submit the documents listed below along with the ones mentioned above –

  • Proof of business establishment
  • Address proof of Business
  • Income Tax Returns
  • Proof of Business continuity of the past 3 years
  • Copy of bank statement of the past 180 days
  • Proof of earnings of the last 6 months

Salaried applicants are required to submit a copy of the following documents besides along with the ones mentioned above -

  • Last 6 months of bank statement showing your income or salary details
  • Copy of salary slip of past 180 days
  • Copy of all relevant documents showing ownership of property that is to be mortgaged
  • Previous 2 years Form 16
  • Employer’s ID
  • Proof of work experience

Identity Proof (for all borrowers)

  • Driving License
  • Aadhar Card
  • Valid Passport
  • PAN Card
  • Voter ID

Proof of Residential Address (for all borrowers)

  • Utility Bill
  • Receipt of Property Tax
  • Approved Building Plan
  • Valid Passport
  • Voter ID
  • Registered Rent Agreement

Birth Date Proof (for all borrowers)

  • Driving License
  • Valid Passport
  • Voter ID
  • Aadhar Card

Property documents (for all borrowers)

  • Registered Sale Deed
  • Lease Deed
  • Conveyance
  • Past Sale Deeds
  • Receipt of House Tax Return
  • Building Plan approved by Municipal Corporation

The loan verification proceeds in the following stages:

  1. Fill the Union Bank of India loan against property application form and upload it on the official website or wherever required. Submit copies of all the relevant documents required for application verification. It can be quickly done by signing up on
  2. One of our customer care representatives will get back to you within 24 hours and schedule visits for collecting document copies (in case you chose offline submission of documents).
  3. The concerned officials at Union Bank verify the documents and the details there. They may visit the property if necessary.
  4. Once your application for loan against property is approved, the loan amount will be disbursed to your account, and you will get a copy of the duly signed loan agreement containing details of loan interest, tenure, loan amount, charges, and penalties.

The rate of interest for Union Bank of India loan against property depends on several factors like the CIBIL score of the borrower, occupation, income status, property under consideration, etc. However, the rate of interest for UBI mortgage loans starts from 10.90% p.a. Onwards.