City Union Bank Home Loan

Disclaimer: City Union Bank is not a Paisabazaar partner and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to City Union Bank for home loans. No offers/services from City Union Bank are being provided by Paisabazaar for home loans. For further information about City Union Bank for home loans, users are required to reach out directly to City Union Bank.

City Union Bank Home Loan Highlights
Interest Rate	8.35% – 10.80% p.a.
Loan Amount	Up to Rs 7.5 crores
Loan Tenure	Up to 30 years
LTV Ratio	Up to 80%
Processing fees	1% (minimum Rs 250)

Note: Interest rates updated as of 3 December 2024

City Union Bank Home Loan Interest Rates

City Union Bank Home Loan Interest Rates range between 8.35% and 10.80% p.a. The home loan interest rates provided by the lender, based on the loan amount, are provided below:

Floating Interest Rates

CIBIL Scores	Interest Rates (p.a.)
Affordable Housing Loan -For loan amounts of up to Rs 30 lakh	Bureau Score above 800: 8.55% – 8.80% p.a. Bureau Score between 700 to 800: 8.80% – 9.30% p.a. Bureau Score between 100 to 200: 9.30% – 9.80% p.a.
Prime Home Loan – For loan amounts above Rs 30 lakh and up to Rs 75 lakh	Bureau Score above 800: 8.80% – 9.30% p.a. Bureau Score between 700 to 800: 9.05% – 9.80% p.a. Bureau Score between 100 to 200: 9.55% – 10.30% p.a.
Premium Home Loan – For loan amounts above Rs 75 lakh to Rs 7.50 crore	Bureau Score above 800: 9.05% – 9.80% p.a. Bureau Score between 700 to 800: 9.30% – 10.30% p.a. Bureau Score between 100 to 200: 9.80% – 10.80% p.a.

Compare Interest Rates on Home Loans for Top Banks & HFCs

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI	8.50%-9.85% p.a.	8.50%-9.85% p.a.	8.50%-9.85% p.a.	Check Eligibility
HDFC Bank Limited	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
LIC Housing Finance	8.50% - 11.25% p.a.	8.50% - 10.55% p.a.	8.50% - 10.75% p.a.	Check Eligibility
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Kotak Mahindra Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
PNB Housing Finance	8.50% - 14.50% p.a.	8.50% - 14.50% p.a.	8.50%-11.45% p.a.	Check Eligibility
Punjab National Bank	8.45% - 10.25% p.a.	8.40% - 10.15% p.a.	8.40% - 10.15% p.a.	Check Eligibility
Bank of Baroda	8.40% - 10.65% p.a.	8.40% - 10.65% p.a.	8.40% - 10.90% p.a.	Check Eligibility
IDFC First Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards	Check Eligibility
L&T Finance Limited	8.65% p.a. onwards	8.65% p.a. onwards	8.65% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Federal Bank	8.80% p.a. onwards	8.80% p.a. onwards	8.80% p.a. onwards	Check Eligibility
Axis Bank	8.75%-13.30% p.a.	8.75%-13.30% p.a.	8.75%-9.65% p.a.	Check Eligibility
Godrej Housing Finance	8.55% p.a. onwards	8.55% p.a. onwards	8.55% p.a. onwards	Check Eligibility

Fees and Charges for City Union Bank Home Loan

Home Loan Processing fees

Particulars	Rates
Processing fees	0.50% (Rs 500 to Rs 10,000 plus GST)

Features of City Union Bank Home Loan

Purpose

• Purchase of house site for construction (non-agricultural land) and construction of residential unit
• Purchase of ready-built or flat or villa or apartment
• Completion of under-construction residential unit.
• Purchase of old residential house or flat or apartment (Age of the building – maximum 30 years
• Balance transfer loan or takeover of housing loan availed or  (only against residual repayment period).
• For undertaking any furnishing or interior works. A minimum margin of 50% is required for funding.
• Repairs/improvements/extension of the existing housing loan property, for which a loan amount from Rs 5 lakh to Rs 30 lakh will be considered based on the property’s location
• Builder Tie-ups (Approved Projects). The bank also claims to fund housing loan to borrowers who intend to purchase villas or flats from the builders whose projects are approved or funded by City Union Bank

Loan Amount

The loan amount is based on the Net salary income (net annual income in case of non salaried applicants) and repayment capacity of applicant(s) based in FOIR (60%). Stated below are the types of CUB home loan:

• Affordable Home Loan: The loan amount of affordable home loan ranges from Rs 10 lakh to Rs 30 lakhs
• Prime Home Loan: The loan amount of prime home loan ranges from Rs 30 lakh to Rs 75 lakhs
• Premium Home Loan: The loan amount of prime home loan ranges from Rs 75 lakh to Rs 7.50 crores

Moratorium and Repayment period

Particulars	Construction	Ready built house	Repairs & renovation
Moratorium	Up to 2 years	Up to 3 months	Up to 3 months
Tenure (including moratorium period)	Up to 10 years	Up to 10 years	Up to 7 years

Security

• The home loan will be secured by an equitable mortgage of the land and building/flat for which the loan is approved
• Interim Security Pending Mortgage: If the creation of the mortgage is delayed for any valid reason beyond 24 months, appropriate security, including a third-party guarantee if necessary, may be obtained for the interim period

CUB Home Loan Eligibility Criteria

Both salaried and self-employed individuals are eligible for availing home loans from City Union Bank:

For Affordable Home Loan

Income Criteria

Loan amount	Salaried (Net Take-home pay)	Non-Salaried (Gross Total Income)
Rs 25 lakhs & above	Rs 50,000 p.m	Rs 5 lakhs p.a
Below Rs 25 lakhs	Rs 35,000 p.m	Rs 4.25 lakhs p.a

CIC Score Criteria

Name of the CIC	Minimum Score
Transunion CIBIL	700

For Prime Home Loan

Income Criteria

Particulars	Salaried (Net Take-home pay)	Non-Salaried (Gross Total Income)
Minimum income requirement	Rs 50,000 p.m	Rs 5 lakh p.a

CIC Score Criteria

Name of the CIC	Minimum Score
Transunion CIBIL	700

For Premium Home Loan

Income Criteria

Particulars	Salaried (Net Take-home pay)	Non-Salaried (Gross Total Income)
Minimum income requirement	Rs 50,000 p.m	Rs 5 lakh p.a

CIC Score Criteria

Name of the CIC	Minimum Score
Transunion CIBIL	700

Documents Required for City Union Bank Home Loan

The list of home loan documents required while applying for City Union Bank Home Loans are as follows:

ID proof

• Aadhaar card
• Passport
• PAN card
• Voter’s identity card
• Driving license
• Ration Card
• Identity card/confirmation from employer or other bank (subject to the branch’s satisfaction)
• ID card issued by recognized educational institutions
• Letter from a recognized public authority or public servant (not below the rank of the Tahsildar) verifying the identity and residence of the customer to the satisfaction of Bank
• Job card issued by NREGA duly signed by an officer of the State Government
• Letter issued by UIDAI (Unique Identification Authority of India) with details of name, address & Aadhaar number.

Address proof

• Aadhaar card
• Passport
• Voter’s Identity card
• Driving license
• Telephone bill (not older than 2 months with installation at least before 6 months)
• Bank account statement
• Letter from a recognized public servant or public authority (not below the rank of Tahsildar) verifying the customer’s identity and residence to bank’s satisfaction
• Electricity bill (latest)
• Ration card
• Letter from employer (subject to bank’s satisfaction) ID issued by Postal Authorities
• Job card issued by NREGA and duly signed by a state government officer
• Letter issued by UIDAI (Unique Identification Authority of India) with details of name, address & Aadhaar number.
• Consumer Pass Book issued by Gas Agency
• A rent agreement indicating the address of the customer duly registered with State Government or similar registration authority

Note: City Union Bank may ask its home loan applicants to submit additional documents, apart from the ones mentioned above, based on their requirements and the loan applicant’s profile.

Customers can enquire more about the housing loan schemes offered by the lender by getting in touch with City Union Bank Home Loan Customer Care