Check & Download Union Bank of India Home Loan Statement

Effectively managing your home loan is an ongoing responsibility. The Union Bank Home Loan Statement is crucial in providing a detailed record of your loan information and repayment history. With this statement, you can gain valuable insights into your financial obligations, track repayment progress, and make informed decisions throughout the loan term. Additionally, it serves as an official record for future reference, ensuring easy access to critical loan details when needed.

Why is a Union Bank Home Loan Statement Necessary?

The Union Bank Home Loan Statement offers a multitude of benefits for borrowers. Here are the details:

• Loan Transparency: The statement clearly shows your loan details, including the sanctioned and disbursed loan amount, applicable interest rate, and a breakdown of your EMIs highlighting principal and interest components.
• Tracking Repayment Progress: The statement tracks your repayment journey. It reflects the number of instalments you’ve paid, the number remaining, and the outstanding loan balance. This enables you to monitor your progress towards loan completion and plan your finances effectively.
• Tax Planning:  The Union Bank Home Loan Statement proves to be an essential document for tax purposes. It serves as evidence for the interest paid on your home loan, which can be claimed as a deduction under sections 24B, 80EE, and 80EEA of the Income Tax Act of India.  
• Record Keeping: The Union Bank Home Loan Statement is an official record of your loan transactions. It is a handy reference for verifying loan details or tracking past payments.
• Financial Planning: A clear understanding of your loan structure and repayment status helps you to make planned financial decisions.  You can utilise the statement to plan your budget effectively.

View and Download the Union Bank Home Loan Statement Online

The bank’s Internet banking portal is the preferred quick and convenient way to access your Union Bank Home Loan Statement. Here’s a step-by-step guide:

• Visit the Union Bank of India Website: Navigate to the official website of Union Bank of India: https://www.unionbankofindia.co.in/english/home.aspx
• Access Internet Banking: Look for the ‘Internet Banking’ tab or section on the webpage.
• Retail User Login: Click on the ‘Retail User Login’ option to access the secure login page.
• Login Credentials: Enter your User ID and Password assigned for internet banking access. To protect sensitive information, ensure you log in to the official Union Bank of India portal.
• Locate Loan Statements: Navigate through the menus to locate the section dedicated to ‘Loan Accounts’ or ‘Loan Statements’.
• Select Your Home Loan:  You will likely encounter a list of your loan accounts. Select the specific account linked to your Union Bank Home Loan.
• Download Statement:  Once you’ve chosen the appropriate loan account, you should see options to view or download your statement for a chosen period. Select the desired timeframe and download the statement.

Get Union Bank Home Loan Statement Offline

You can visit your nearest branch if you prefer an offline approach to obtaining your Union Bank Home Loan Statement. Here’s what you’ll need to do:

• Branch Visit: Locate your nearest Union Bank of India branch. You can find branch details and addresses through the bank’s website or mobile app.
• Required Documents: Carry the necessary documents with you, including a valid photo ID proof (Aadhaar Card, PAN Card, Passport), your Union Bank Home Loan account number, and a completed request form for a home loan statement.  The bank might have a specific form; inquire with a customer service representative if needed.
• Form Submission: Fill out the request form accurately, ensuring all details, such as your loan account number and contact information, are correct. Then, submit the completed form along with your ID proofs to the bank representative.
• Statement Issuance: The bank representative will process your request and retrieve your Union Bank Home Loan Statement. You might receive it immediately or within a designated timeframe.