Union Bank of India Home Loan Interest Rates

Last Updated : Feb. 26, 2025, 3:01 p.m.

The affordable Interest rate of the Union Bank of India Home makes it attractive for borrowers, starting from 8.10% p.a. Onwards, the low interest rates help reduce repayment amounts. Thus, individuals can make smooth repayments and maintain a good credit score.

We are providing you with some important details related to the Union Bank of India Home Loan interest rate . Do not forget to check them!

Union Bank of India Home Loan Interest Rate 2025 and Other Details

In this table, you will find out the Home Loan Interest Rates of Union Bank of India 2025.

There is one thing that you need to know, the interest rate on a Union Bank of India Home Loan depends on the CIBIL score and the loan-to-value ratio. That’s why the interest rates may change from one individual to another individual.

Purpose of Union Bank Of India Home Loan

Here are some of the reasons and purposes of Union Bank of India Home Loan and why you should apply for it -

• Purchase of a new or old residential unit (house, flat, villa, or apartment).
• On an existing non-agricultural land, a residential unit is being built.
• Purchase of a non-agricultural plot with the construction of a residential unit (composite loan).
• Repairs, renovations, improvements, or extensions of an existing residential property.
• Balance transfer of an existing home loan from another bank or financial institution.
• Completion of an under-construction residential unit.
• Installation of solar power panels along with the purchase or construction of a house.

Eligibility Criteria For Union Bank Of India Home Loan

Here are the eligibility criteria for the Union Bank of India Home Loan -

• Eligible Applicants: Indian citizens and NRIs.
• Age Criteria: Minimum 18 years at the time of application, maximum 75 years at loan maturity.
• Joint Applications: Individuals can apply alone or jointly with other eligible co-applicants.
• Type of Employment: The applicant should be either Salaried, Self-employed, or agriculturist.

Calculate Your Monthly EMI with the Union Bank Of India Calculator

Here’s an example of different EMIs for a home loan of Rs.35,00,000 with a tenure of up to 30 years and interest rates ranging from 8.60% p.a. and say up to 11.00% p.a. You can use the Wishfin Union Bank of India Home Loan EMI Calculator for assistance.

Simply enter the following details:

• Loan Amount

• Tenure

• Interest Rate

How to Replay the Union Bank Of India Home Loan?

Here is the method of repayment for the Home loan from Union Bank of India. Read the content below to learn about the various methods -

• Equated Monthly Instalments (EMI): The borrower repays the loan in fixed monthly installments, covering both principal and interest.

• Equated Quarterly Instalments (EQI): For borrowers engaged in agriculture or allied activities, Equated Quarterly Instalment (EQI) may be permitted instead of EMI, aligning with their income cycle.

Step-Up Repayment Method:

• Initially, the EMI is set at a lower amount than the standard EMI.
• For the remaining tenure, EMI increases to a higher level, facilitating repayment as income levels improve.

Balloon Repayment Method:

• Borrower pays lower-than-normal EMIs at the start of the tenure.
• A lump sum amount is expected to be paid at the end of the repayment tenure to settle the loan balance.

Flexible Loan Instalment Plan (FLIP) Method:

• EMI is initially higher, taking into account the borrower's higher income at the beginning.
• After receiving a lump sum amount midway, the EMI for the remaining period is reduced accordingly.

Bullet Payment Method:

• Allows borrowers to deposit lump sum payments during the repayment tenure.
• Following such payments, EMIs are revised downward for the remaining tenure, reducing the financial burden.

These repayment options offer flexibility based on the borrower's financial capacity and cash flow, making home loan repayment more manageable with Union Bank of India.

Other fees on Union Bank of India Home Loan

Here are other charges that apply to your Union Bank Home Loan, understand the table carefully-

Apply For Union Bank of India Home Loan

By visiting this official website, the page will pop up where you have to fill the form with all the necessary details and then proceed with it.

Or

You can go to the nearest Union Bank of India Bank and ask the bank official to make you understand the scheme.

Union Bank Of India Home Loan Customer Care

These are the numbers and email addresses, through which you will be able to get in contact with the Union Bank of India Customer Care and clear your queries or ask questions about the home loans -

• All-India Toll-Free Numbers: 1800 425 1515/3555/ 1800 2222 43/44, 1800 208 2244
• Charged Number: 080-61817110
• Dedicated Number for NRIs: +918061817110

Conclusion

Union Bank of India home loan interest rates, making homeownership more accessible. With flexible tenure options and attractive rates, borrowers can choose a repayment plan that suits their financial goals. Whether you're a first-time homebuyer or looking to refinance, Union Bank of India Home Loan provides a reliable and affordable financing solution.