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Unity Bank Loan against Property
Unity Bank Loan against Property
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Unity Bank Loan against Property
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Unity Bank Loan against PropertyHere are a few factors
| Location | 40Km from Branch |
| CIBIL Score | 650+ |
| Applicant | Any Self Employed |
| Applicant Age | (i)
Salaried: 21 year to 65 Year (ii) Self Employed: 21 Year to 70 Year |
| Loan Amount & Tenure | 50
Lac-5 Cr (5 Year to 15 Year) |
| Login Fees | 6500 |
| Rate of Interest & Type | 10%-13% (Reducing) |
| TAT | 5 days |
| Processing Fees | 1%-1.50% |
| Foreclosure Charges | upto 4%+GST |
| Insurance | As per Age of Applicant |
| Minimum Business Vintage | 3 Year |
| Lock In Period | 12 month |
| Part Payment Allowed | No |
| LTV | (i) Residential-70% (ii) Commercial-60% (iii) Industrial-40% (iv) School-60% |
| Product | (i) Fresh Loan (ii) BT+Topup (iii) Commercial & Industrial Purchase |
| Program | (i)
Banking Program-3 Cr (ii) GST Product-3 Cr (iii) Income Program-5 CR (iv) Lease Rental Discounting-5 Cr (v) Without ITR-50 Lac (vi) Cash Rental-50 Lac |
| FOIR | Self Employed-80% of Cash Profit |
| Cautious Profile | No Cautious Profile |
| Negative Profile | (i)
Politician (ii) Share Traders (iii) NBFC (iv) Police(v) Liquor Seller (vi)DSA
(vii) Applicant living in dominated area (viii) Real Estate |
| Funded Property | (i)
Residential Property (ii) Commercial Property (iii) Industrial Property
(iv) Mall & Commercial Complex Property (v) Primary School & School (vii)Nursing Home<25 Bed (viii) Hotel & Restaurant (viii) Godown & warehouse (ix) Stone Slab Property (x) Lal Dora Property (xi) Sub-divided Property (xii) Basement if Map Approved (xiii) Khasra Khatauni Property (xiv)Subject to Sale Deed |
| Negative Property | (i)
Lease hold Property without PTM (ii)Stand Alone Basement (iii) Auction
Property (iv) Demolition List Property (v) ) GPA Property (vi) Gift Deed Property (vii) Single Sale Deed Property (viii)Without MAP Property (ix) Unapproved Freehold Property (xx) Legal & technical not clear(xxi) Farm House (xxii) Multi Tenanted Unit |
| Accepted Collateral | Other than Negative Property |
| Specific Property wise Funding Limit | (i) Lal Dora-5 Cr (ii) School-5 Cr (iii) Khasra Khatauni-5 Cr (iv) Stone Slab-5 Cr |
| Any Specific Product for Professionals | No |
| USP | (i)
Upto 50 Lac No financial Required (ii) Clubbing of EMI upto 12 Loan for calculating Eligibility |
Unity Bank Loan against Property EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 10 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,792 |
| Total Interest | ₹ 5,499 |
| Loan Amount + Interest | ₹ 105,499 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,076 | ₹ 2,300 | ₹ 26,376 | ₹ 75,924 | 24.08 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,929 | ₹ 3,199 | ₹ 79,128 | ₹ 0 | 100.01 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Required Documents to Apply for Unity Bank Loan against Property
Salaried income documents
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KYC of applicant & Co-Applicant
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Last 3 Month Salary Slip of Applicant
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Last 12 month Bank Statement of applicant & co-applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 2 Year Form 16 of applicant
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26AS of last 2 year of applicant & co-applicant
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Appointment letter of applicant if available
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Latest utility Bill if owned residence or rent agreement if rented
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2 Reference with contact details
Self Employed person documents
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Agreement to Sale if purchase case
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Property Paper with complete chain of last 13 years
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LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
3. If applicant is professional, then his professional degree is required
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