Unico Housing Finance Private Limited
Unico Housing Finance Private Limited
A simple and transparent journey to securing your housing finance
Experience our seamless application process designed for your convenience
Contact us online, via phone, or visit our nearest branch to discuss your housing finance needs.
Submit the required documents for verification and initial assessment of your loan eligibility.
Our team will conduct legal and technical verification of the property you wish to finance.
Upon successful verification, your loan application will be approved with terms and conditions.
Complete the final documentation process followed by the disbursement of your loan amount.
Understanding our basic eligibility requirements helps ensure a smooth application process.
Minimum 21 years at the time of loan application and maximum 65 years at loan maturity.
Stable source of income with minimum monthly income varying based on loan type and amount.
Good credit history with a minimum credit score of 650 for standard loans.
Salaried individuals: Minimum 2 years of employment. Self-employed: Minimum 3 years in business.
Prepare these essential documents to expedite your loan application process
Passport, Voter ID, Driving License, Aadhaar Card, PAN Card
Utility Bills (not older than 3 months), Passport, Voter ID, Driving License, Aadhaar Card
Passport size photographs of all applicants (4-6 copies each)
Last 3 months' salary slips, Form 16 or Income Tax Returns for 2 years, Employment certificate
Income Tax Returns for 3 years, Business registration documents, Financial statements audited by CA
Last 6 months' bank statements for all accounts maintained by the applicant
Sale deed, mother deed, property tax receipts, encumbrance certificate
Building plan approval, layout approval, completion certificate (if applicable)
Detailed cost estimate of construction/renovation by an architect/engineer (for construction loans)
Processing fee payment receipt as applicable to your loan type and amount
Duly filled and signed loan application form with all necessary declarations
All relevant identity, address and income documents for co-applicants/guarantors
Find answers to common questions about our housing finance application process
The typical processing time for a housing loan is 7-10 working days after submission of all required documents. However, this may vary based on property verification complexity and completeness of documentation.
The maximum loan amount depends on your income, repayment capacity, credit score, and property value. Generally, we offer loans up to 85% of the property value for standard housing loans. Use our loan calculator to get an estimate based on your specific situation.
While we prefer applicants with a credit score of 650 or above, we evaluate each application on a case-by-case basis. If you have a low credit score but strong income stability and other favorable factors, you may still be eligible for a loan, possibly with adjusted terms.
For floating rate loans, there are no pre-payment penalties. For fixed-rate loans, a prepayment penalty of 2-3% may apply depending on the loan terms. Partial prepayments up to 25% of the outstanding principal per year are typically allowed without penalties.
Yes, we offer loan transfer (balance transfer) facilities with attractive interest rates and minimal documentation. You may also be eligible for a top-up loan on the transferred amount, subject to your eligibility and property valuation.
If your application is rejected, we will provide you with the reasons for rejection. You can address these issues and reapply after a suitable period, or our financial advisors can suggest alternative housing finance options that might be more suitable for your current situation.
At Unico Housing Finance, we maintain transparent and fair loan policies to ensure a mutual beneficial relationship with our customers.
Our financial experts are ready to guide you through every step of your housing finance journey