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City Union Bank Ltd. (CUB), a distinguished private sector bank established in 1904 and headquartered in Kumbakonam, Tamil Nadu, boasts a strong network of over 730 branches, primarily serving customers across South India. CUB is committed to helping individuals achieve their homeownership dreams through its comprehensive CUB Swayam Graha Home Loan scheme. This scheme is designed to finance various property needs, including the purchase of new or resale properties, home construction, renovation, extension of existing homes, and convenient balance transfer options from other banks.
City Union Bank offers attractive and competitive home loan interest rates, which are typically floating and linked to the bank's internal benchmarks. As of November 2026, the City Union Bank home loan interest rate starts at 8.25% p.a. for eligible salaried applicants with a strong CIBIL score of 750 or above, for loan amounts up to Rs.35 lakh. For self-employed individuals or for higher loan amounts, rates can go up to 9.50% p.a. The final interest rate offered depends on various factors including the applicant's credit profile (CIBIL score), employment type, income stability, loan amount, and loan tenure. Prospective borrowers are encouraged to check the latest rates for their specific profile.
The CUB Swayam Graha scheme provides substantial financial support. City Union Bank offers financing for up to 75% of the property's market value. While the maximum loan amount directly tied to this 75% LTV can be up to Rs.25 lakh, the bank extends competitive home loan options for total loan amounts up to Rs.35 lakh, based on applicant eligibility, income assessment, and property valuation. This ensures that a wide range of housing needs can be met, from smaller renovations to significant property purchases.
City Union Bank understands the importance of comfortable repayment. Borrowers can opt for a flexible home loan tenure of up to 30 years, allowing for lower Equated Monthly Installments (EMIs) and easier financial planning. The exact tenure available depends on the applicant's age at loan maturity and repayment capacity.
To apply for a City Union Bank home loan, applicants generally need to meet the following criteria:
City Union Bank is an active participant in the Pradhan Mantri Awas Yojana (PMAY) - Credit Linked Subsidy Scheme (CLSS). Eligible beneficiaries from Economically Weaker Sections (EWS), Low Income Groups (LIG), and Middle Income Groups (MIG) with annual household incomes up to Rs.18 lakh can avail significant interest subsidies. These subsidies, which can be up to 6.50% on the interest component, help reduce the overall cost of the home loan, making homeownership more affordable for deserving families.
The primary charge for a City Union Bank home loan is a processing fee of 1% of the loan amount, with a minimum charge of Rs.700 plus applicable GST. This fee covers the administrative costs associated with loan processing, including legal and technical valuation of the property. Other charges, such as foreclosure charges, late payment penalties, or documentation fees, may apply as per the bank's policy, which can be clarified during the application process.
City Union Bank aims for a streamlined and efficient home loan application process. With complete and accurate documentation, loan approvals are typically granted within 7 to 15 days. The process generally involves:
Key documents required usually include identity proof (PAN, Aadhaar), address proof, income proof (salary slips, IT returns, bank statements), and property-related documents (sale agreement, title deeds).
Choosing a City Union Bank home loan means partnering with a trusted financial institution with a century-long legacy. CUB offers personalized service, deep regional understanding, competitive interest rates, and transparent processes. Whether you are looking for a new home, planning construction, or considering a balance transfer to reduce your EMI, CUB's Swayam Graha scheme provides a reliable and supportive pathway to achieving your housing goals.
City Union Bank offers competitive home loan interest rates, starting from 8.25% p.a. as of November 2026 for eligible salaried applicants with a strong CIBIL score of 750 or above. Rates are typically floating and linked to the bank's internal benchmarks. The final rate depends on your credit profile, employment type, income stability, loan amount, and tenure, potentially going up to 9.50% p.a. for self-employed individuals or higher loan amounts.
City Union Bank offers a maximum home loan amount up to Rs.35 lakh, with financing available for up to 75% of the property's market value. The repayment tenure is flexible, extending up to 30 years, allowing for comfortable repayment schedules.
Eligibility for a CUB Swayam Graha Home Loan primarily depends on your credit profile, with salaried applicants having a CIBIL score of 750 or above being eligible for the most competitive rates. The bank also considers your employment type, income stability, loan amount, and property valuation. Both salaried and self-employed individuals can apply.
To apply for a City Union Bank Home Loan, you will generally need to provide standard KYC documents, proof of income, and property-related documents. A complete list of required documents will be provided by the bank, ensuring a smooth application process.
You can estimate your EMI by using the EMI calculator available on the bank's website or by contacting a City Union Bank representative. This tool helps you understand your repayment schedule based on the loan amount, interest rate, and chosen tenure.
Yes, City Union Bank provides convenient balance transfer options, allowing you to transfer your existing home loan from other banks to CUB. This enables you to potentially benefit from competitive interest rates and flexible terms.
City Union Bank aims for a quick approval process, typically within 7-15 days, provided all necessary documentation is complete. A processing fee of 1% of the loan amount (minimum Rs.700 + GST) is applicable.
Looking for a reliable home loan partner in 2026? City Union Bank offers competitive home loan solutions designed to help you achieve your dream of homeownership. Explore our key features, eligibility criteria, and transparent charges below to make an informed decision for your future home.
|
Feature |
Details & Benefits |
|
Home Loan Interest Rate |
City Union Bank offers attractive home loan interest rates starting from 8.25% p.a. The final interest rate can go up to 9.50% p.a. and is primarily determined by your CIBIL score, loan amount, and overall applicant profile. Our floating rates are typically linked to an external benchmark (EBLR) as per RBI guidelines, ensuring transparency and market competitiveness. For the most current rates, please refer to our live rate section. |
|
Processing Fee |
A processing fee of 1% of the sanctioned loan amount + applicable GST (Goods and Services Tax) is charged. The minimum processing fee is Rs.700. This fee covers the administrative costs associated with processing your City Union Bank home loan application and is payable upfront. |
|
Maximum Loan Amount & LTV |
City Union Bank provides home loans up to 75% of the property's market value (Loan-to-Value or LTV ratio). The maximum loan amount for eligible applicants is Rs.25 lakh. The actual amount sanctioned depends on your repayment capacity, income stability, and the property's valuation report. |
|
Repayment Tenure |
Enjoy flexible repayment options with a maximum tenure of up to 30 years. A longer tenure can result in lower EMIs (Equated Monthly Installments), making your City Union Bank home loan more affordable on a monthly basis. However, a shorter tenure means less interest paid overall during the loan period. |
|
Applicant Age Criteria |
Applicants must be between 21-60 years for salaried individuals and 21-65 years for self-employed individuals at the time of loan maturity. This ensures that the loan can be repaid comfortably before the typical retirement age. |
|
Approval & Disbursal Time |
City Union Bank aims for efficient processing, with loan approval and disbursal typically completed within 7–15 working days from the submission of all required documents and successful verification. Timely submission of complete and accurate documentation can significantly expedite this process. |
|
Prepayment Charges |
As per RBI guidelines, there are Nil prepayment charges for individual borrowers on floating rate home loans. This means you can pay off your City Union Bank home loan earlier, either partially or fully, without incurring any penalties, offering significant flexibility and potential savings on interest. |
|
Eligibility Criteria (Salaried) |
Salaried applicants for a City Union Bank home loan should have a minimum monthly income of Rs.50,000+, at least 2 years of continuous work experience, and a healthy CIBIL score of 700+. A strong CIBIL score indicates good creditworthiness and helps secure better interest rates. Key documents typically include identity proof (PAN, Aadhaar), address proof, income proof (latest 3 months salary slips, 6 months bank statements), and employment proof. |
|
Eligibility Criteria (Self-Employed) |
Self-employed individuals seeking a City Union Bank home loan must demonstrate a minimum of 2 years in their current business, an annual ITR (Income Tax Return) of Rs.4.2 lakh+, and a robust CIBIL score of 700+. Maintaining a good CIBIL score is crucial for loan approval and favourable terms. Required documents generally include identity proof, address proof, business proof (registration, GST), income proof (latest 2 years ITR, 12 months bank statements), and financial statements (P&L, Balance Sheet). |
City Union Bank home loan interest rate is floating, linked to the Marginal Cost of Funds-Based Lending Rate (MCLR) or Repo Linked Lending Rate (RLR) at 8.25% base as of November 2026, with spreads adjusted for CIBIL, income, and loan purpose—starting at 8.25% p.a. for salaried with CIBIL 700+ on loans up to Rs.35 lakh, up to 9.50% p.a. for self-employed or higher amounts. PMAY-CLSS subsidy (6.50% on Rs.6 lakh for EWS/LIG) reduces effective rate to ~1.75%; women get 0.05% concession. Daily reducing balance applies; fixed rate option +0.25%.
|
Borrower Category |
Interest Rate |
Max Rate |
Key Influencing Factors |
|
Salaried (CIBIL ≥700) |
8.25% |
8.75% |
Stable job, ≤Rs.35 lakh loan, PMAY eligibility |
|
Self-Employed Professionals |
8.50% |
9.50% |
ITR consistency, 2+ years business |
|
Balance Transfer/Top-Up |
8.50% |
9.00% |
Existing repayment history, add-on ≤20% |
|
PMAY EWS/LIG/MIG |
8.25% (effective ~1.75%) |
8.50% |
Income <Rs.18 lakh, property ≤Rs.45 lakh |
|
Bank |
Starting Rate (p.a.) |
Processing Fee |
Max Tenure |
|
City Union Bank |
8.25% |
1% (min Rs.700) |
30 years |
|
State Bank of India (SBI) |
7.50% |
Up to 0.35% |
30 years |
|
8.15% |
0.5%–1% |
30 years |
|
|
8.75% |
0.5%–1% |
30 years |
For a Rs.30 lakh loan over 20 years at 8.25%, EMI is Rs.23,100—Rs.2,200 higher than SBI's 7.50%, but PMAY subsidy saves Rs.2 lakh+ for LIG, and 75% LTV with min 20% margin aids first-timers.
City Union Bank home loan calculator at cityunionbank.com/emi-calculator: Input amount, rate (8.25%-9.50%), tenure for EMI, amortization, and PMAY subsidies.
Loan Amount: Rs.30 lakh
Interest Rate: 8.25% p.a.
Tenure: 20 years
|
Monthly EMI |
Total Interest Payable |
Total Amount Payable |
|
Rs.23,100 |
Rs.25.44 lakh |
Rs.55.44 lakh |
Reduce to 15 years: EMI Rs.25,400, saves Rs.7 lakh interest; PMAY adds Rs.2.67 lakh subsidy for MIG.
|
Charge Type |
Amount |
|
Processing Fee |
1% + GST (min Rs.700) |
|
Legal & Valuation Fee |
Rs.3,000–Rs.5,000 (actuals) |
|
CERSAI Registration |
Rs.500 |
|
Stamp Duty (MODT) |
0.1%–0.3% (state-specific) |
|
Prepayment (Floating Rate) |
Nil |
GST at 18%. Total <1.5%; PMAY waives 50% processing; no commitment fees.
● Age: 21-60 years (salaried); 21-65 years (self-employed)
● Rs.50,000+ monthly net income (salaried); Rs.4.2 lakh+ annual ITR (self-employed)
● 2 years total experience (1 year current job)
● CIBIL: 700+ (750+ for lowest rates)
● Age: 21-65 years
● 2 years business
● Rs.4.2 lakh+ annual ITR
● CIBIL: 700+; audited P&L required
75% LTV max; co-applicants (spouse/family) boost eligibility; NRIs eligible with embassy-attested slips.
|
Service |
Contact Details |
|
Helpline (9AM-6PM) |
044-71225000 |
|
Email for Queries |
customercare@cityunionbank.com |
|
Grievance Redressal |
nodal.officer@cityunionbank.com |
|
Branch Hours |
10 AM–4 PM (Mon-Fri) |
Visit cityunionbank.com/track-application with application no./mobile OTP—view stages: Submitted, Verified, Sanctioned, Disbursed. Email customercare@cityunionbank.com for updates (48-hour response); visit branch with ID.
Salaried applicants need a minimum Rs.50,000 monthly net income, while self-employed require Rs.4.2 lakh+ annual ITR with 2 years business tenure. The bank assesses based on 50% debt-to-income ratio for EMI affordability up to Rs.25 lakh; PMAY-eligible EWS/LIG (<Rs.18 lakh/year) get priority, with co-applicants increasing limits by 20-30%.
Yes, NRIs qualify with 2+ years overseas employment, valid visa, and NRE proofs, at rates starting 8.50% p.a. with 75% LTV via power of attorney. Submit attested salary slips and overseas address; contact customer care for NRI desks, with disbursal in 10-15 days.
Yes, PMAY-CLSS offers 6.50% interest subsidy up to Rs.2.67 lakh on loans ≤Rs.12 lakh for EWS/LIG/MIG (income <Rs.18 lakh/year, property ≤Rs.45 lakh). Eligibility requires Aadhaar-seeding; the bank handles processing, reducing effective rate to ~1.75% and saving Rs.1-2 lakh annually on EMIs.
Balance transfer at 8.50%-9.00% (0.25%-1% lower than originators) requires 12-month statements and NOC, with up to 1% processing fee (min Rs.700). It includes top-up up to 20% original for renovations; processing takes 7-10 days, saving Rs.2,500+ monthly on Rs.30 lakh loans.
With home prices up 9% in 2026 (NHB data), City Union Bank home loan interest rate calculator processing fee requirements application process customer care status offers 8.25% rates, PMAY subsidies, and 7-15 day approvals—financing diverse needs across 730 branches. Ideal for Rs.5 lakh-Rs.25 lakh+ aspirations. Apply at cityunionbank.com or email customercare@cityunionbank.com.
