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Housing Loan for West Bengal Govt. Employee

The property being financed by the bank shall be placed under equitable mortgage by deposit of title deeds with the bank. Agreement deed for purchase of flat under construction, in original, shall be deposited to the bank before receiving loan.

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In continuation to “Housing Loan Scheme for West Bengal Govt. Employee“:-


As per Finance Memo No. 2620-FB dated 27.12.2010 the interest rate of United Bank of India is shown below:

Sl. No Period Rate
1 Up to 5 Years. 9.00% p.a.
2 Above 5 Years to 15 Years. 10.00% p.a.
3 Above 15 Years to 20 Years. 10.75% p.a.


The interest shall be applicable at fixed rate under this arrangement. The actual rate to be applied shall remain valid for one/ two years.The interest shall be calculated as per usual bank’s norms. The rates shall be applicable to all loans sanctioned during the year and fixed throughout the repayment period of such loans.

Mortgage/ Security:

Continued: Loan Recovery, Remittance, Return of Mortgage.