Application Process

Simple steps to secure your housing finance with Unico

Your Path to Home Ownership

At Unico Housing Finance, we've streamlined the loan application process to make your journey towards home ownership smooth and hassle-free.

Fast Approvals

Get your loan approved within 5-7 business days after document submission

Minimal Documentation

Simplified paperwork with clear requirements for faster processing

Digital Process

Apply online and track your application status through our customer portal

Application Process

Follow these simple steps to complete your loan application

1

Application Submission

Fill out our simple application form online or visit one of our branches. Our representatives will guide you through the process and help you understand the loan options available to you.

2

Document Verification

Submit the required documents for verification. Our team will review your application and documents to assess your eligibility for the loan. We may contact you for additional information if needed.

3

Property Assessment

Our team will conduct a technical and legal assessment of the property to determine its value and ensure all legal aspects are in order. This step is crucial for finalizing the loan amount.

4

Loan Approval & Disbursement

Once all verifications are complete, we'll issue a loan approval letter specifying the loan amount and terms. After signing the loan agreement, the amount will be disbursed to the seller's account.

Required Documents

Prepare these documents to ensure smooth processing of your loan application

  • Proof of Identity

    PAN Card, Aadhaar Card, Voter's ID, Passport, or Driving License

  • Proof of Address

    Aadhaar Card, Utility Bills (not older than 3 months), Passport, or Voter's ID

  • Passport-size Photographs

    Recent passport-size color photographs (3-4 copies)

  • Salary Slips

    Last 3 months' salary slips (for salaried individuals)

  • Bank Statements

    Last 6 months' bank statements showing salary credits

  • Income Tax Returns

    Last 2 years' Income Tax Returns with computation of income (for self-employed)

  • Business Proof

    Business registration documents, GST returns, financial statements (for self-employed/business owners)

  • Sale Agreement/Allotment Letter

    Copy of the sale agreement with the builder or seller

  • Property Registration Documents

    Property registration papers and receipts of taxes paid

  • Building Plan Approval

    Approved building plan from local municipal authority

  • Chain of Title Documents

    Documents showing clear ownership history of the property

  • Loan Statement

    Existing loan statements (for loan refinancing)

  • Processing Fee Payment

    Processing fee payment receipt

  • Co-applicant Details

    Identity and income proof of co-applicant (if applicable)

Eligibility Criteria

Basic requirements to qualify for a housing loan with Unico

Age

21 to 65 years at the time of loan maturity

Income

Minimum monthly income of ₹25,000 (varies by loan type)

Employment

Minimum 2 years of work experience in current field

Credit Score

Minimum CIBIL score of 700 (preferred)

Frequently Asked Questions

Find answers to common questions about our application process

How long does the application process take?

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The entire process typically takes 7-10 working days from the submission of all required documents. However, this timeline may vary depending on property verification and other factors.

Can I apply for a loan online?

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Yes, you can apply for a loan online through our website. Simply fill out the application form and upload the required documents. Our team will contact you to guide you through the rest of the process.

What is the maximum loan amount I can get?

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The maximum loan amount depends on your income, repayment capacity, age, and the value of the property. Generally, we finance up to 85% of the property value or construction cost.

Are there any prepayment charges?

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For floating rate loans, there are no prepayment charges. For fixed-rate loans, a nominal prepayment charge may apply if you prepay more than 25% of the outstanding loan amount in a financial year.

Can I apply for a joint loan?

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Yes, you can apply for a joint loan with your spouse, parents, or siblings. Joint applications may increase your eligibility for a higher loan amount as both incomes are considered.

Ready to Apply?

Start your journey towards home ownership with Unico Housing Finance today.

Apply Online Visit a Branch