| Particulars | Details |
|---|---|
| Interest Rate (floating) | 7.15% – 9.50% p.a. |
| Interest Rate (fixed) | 11.40%-12.65% p.a. |
| Loan Amount | As per the borrower’s eligibility and caps put on the LTV ratio |
| Loan Tenure | Up to 30 years |
| Processing Charges | Waived off |
Union Bank of India Home Loan
Competitive Interest Rates
Starting 7.10% p.a.
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15.5L Reviews
Lowest interest rates starting from 7.1%
15.5L Reviews
Competitive Interest Rates
Starting 7.10% p.a.
Handpicked Home Loan Offers
Offers from 25+ Banks & HFCs
Dedicated Customer Support
Expert Assistance at Every Step
Transfer Balance & Get a Top-Up Easily
Additional Funds when Required
Home Loan EMI Calculator
Your Monthly EMI Payment
Find Best Home Loan Offers
Compare & Choose the Best Offer
Curated Offers from Multiple Lenders
Highest Loan Approval Chances
Easy & Transparent Borrowing Process
How Can I Apply for a Home Loan Online?
Get up to ₹5 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Verify using the OTP sent to your mobile number.
Step 3: Enter details related to your loan requirements.
Step 4: Provide your personal and employment details.
Step 5: Compare offers and apply for the best-suited loan.
Union Bank of India Home Loan Highlights
Union Bank of India (UBI) Home Loan Interest Rates
Union Bank of India Housing Loan interest rates start from 7.15% p.a. onwards. This includes an additional 10 bps concession for Green Homes or projects certified or rated by the Indian Green Building Council (IGBC) or any approved rating agency, under the ‘Union Green Home’ scheme. The bank provides an additional 5 bps concession on a home loan to those borrowers who assign the credit/term/life policy in favor of the Union Bank. It offers interest rates depending on credit score, loan amount, LTV ratio, occupation profile, gender of loan applicants and type of loan offered to home loan applicants.
Below-mentioned are the interest rates of various Union Bank Home Loan schemes offered to its home loan applicants:-
Union Bank Home Loan Fixed Rates (for up to 5 years)
| Loan Amount | Interest Rates (% p.a.) |
|---|---|
| Up to Rs 30 lakh | 11.40% |
| Rs 30 lakh – Rs 50 lakh | 12.40% |
| Rs 50 lakh – Rs 2 crore | 12.65% |
Union Bank Smart Save Home Loan
For Loan Amount Up to Rs 30 lakh
For Salaried/Professional Individuals
| CIBIL Score | LTV Ratio | Interest Rates (% p.a.) | |
|---|---|---|---|
| Male | Female | ||
| 750 and above | Up to 80% | 8.30% | 8.30% |
| Above 80% to 90% | |||
| 700 to 749 & -1 / 1 to 5 |
Up to 80% | 8.55% | 8.50% |
| Above 80% to 90% | 8.60% | 8.55% | |
| 650 to 699 | Up to 80% | 8.65% | 8.60% |
| Above 80% to 90% | 8.70% | 8.65% | |
| 600 to 649 | Up to 80% | 9.20% | 9.20% |
| Above 80% to 90% | |||
| Below 600 | Up to 80% | 9.70% | 9.70% |
| Above 80% to 90% | |||
For Non-Salaried Individuals
| CIBIL Score | LTV Ratio | Interest Rates (% p.a.) | |
|---|---|---|---|
| Male | Female | ||
| 750 and above | Up to 80% | 8.30% | 8.30% |
| Above 80% to 90% | |||
| 700 to 749 & -1 / 1 to 5 |
Up to 80% | 8.60% | 8.55% |
| More than 80% to 90% | 8.65% | 8.60% | |
| 650 to 699 | Up to 80% | 8.70% | 8.65% |
| More than 80% to 90% | 8.75% | 8.70% | |
| 600 to 649 | Up to 80% | 9.20% | 9.20% |
| More than 80% to 90% | |||
| Below 600 | Up to 80% | 9.70% | 9.70% |
| Above 80% to 90% | |||
For Loan Amounts above Rs 30 lakh
For Salaried/Professional Individuals
| CIBIL Score | LTV Ratio | Interest Rates (% p.a.) | |
|---|---|---|---|
| Male | Female | ||
| 750 and above | Up to 80% | 8.30% | 8.30% |
| Above 80% to 90% | |||
| 700 to 749 & -1 / 1 to 5 |
Up to 80% | 8.65% | 8.60% |
| Above 80% to 90% | 8.70% | 8.65% | |
| 650 to 699 | Up to 80% | 8.75% | 8.70% |
| Above 80% to 90% | 8.80% | 8.75% | |
| 600 to 649 | Up to 80% | 9.35% | 9.35% |
| Above 80% to 90% | |||
| Below 600 | Up to 80% | 9.90% | 9.90% |
For Non Salaried Individuals
| CIBIL Score | LTV Ratio | Interest Rates (% p.a.) | |
|---|---|---|---|
| Male | Female | ||
| 750 and above | Up to 80% | 8.30% | 8.30% |
| Above 80% to 90% | |||
| 700 to 749 & -1 / 1 to 5 |
Up to 80% | 8.70% | 8.65% |
| Above 80% to 90% | 8.75% | 8.70% | |
| 650 to 699 | Up to 80% | 8.80% | 8.75% |
| Above 80% to 90% | 8.85% | 8.80% | |
| 600 to 649 | Up to 80% | 9.35% | 9.35% |
| Above 80% to 90% | |||
| Below 600 | Up to 80% | 9.90% | 9.90% |
Union Home/Repair & Renovation
For Government Employees/PSU Employees
| Loan Amount | CIC Score | LTV Ratio | Interest Rate (p.a.) |
|---|---|---|---|
| Irrespective of the loan amount | 750 & above | As per quantum wise LTV Norms |
7.45% |
For Salaried/Professional Individuals
| Loan Amount | CIC Score | LTV Ratio | Interest Rates (% p.a.) | |
|---|---|---|---|---|
| Male | Female | |||
Irrespective of Loan Amount |
800 & above | As per quantum wise LTV norms |
7.45% | |
| 750 to 799 | 7.60% | |||
| 700 to 749 (including -1 & 1 to 5) | 8.40% | 8.35% | ||
| 650 to 699 | 8.70% | 8.65% | ||
| 600 to 649 | 9.50% | |||
| Below 600 | 10.00% | |||
For Non-Salaried Individuals
| Loan Amount | CIC Score | LTV Ratio | Interest Rates (% p.a.) | |
|---|---|---|---|---|
| Male | Female | |||
Irrespective of Loan Amount |
800 & above | As per quantum wise LTV norms |
7.45% | |
| 750 to 799 | 7.60% | |||
| 700 to 749 (including -1 & 1 to 5) | 8.50% | 8.45% | ||
| 650 to 699 | 8.75% | 8.70% | ||
| 600 to 649 | 9.50% | |||
| Below 600 | 10.00% | |||
Union Green Home Loan
For Salaried/Professional Individuals
| Loan Amount | CIC Score | LTV Ratio | Interest Rates (% p.a.) | |
|---|---|---|---|---|
| Male | Female | |||
Irrespective of Loan Amount |
800 & above | As per quantum wise LTV norms |
7.45% | |
| 750 to 799 | 7.60% | |||
| 700 to 749 (including -1 & 1 to 5) | 8.40% | 8.35% | ||
| 650 to 699 | 8.70% | 8.65% | ||
| 600 to 649 | 9.50% | |||
| Below 600 | 10.00% | |||
For Non-Salaried Individuals
| Loan Amount | CIC Score | LTV Ratio | Interest Rates (% p.a.) | |
|---|---|---|---|---|
| Male | Female | |||
Irrespective of Loan Amount |
800 & above | As per quantum wise LTV norms |
7.45% | |
| 750 to 799 | 7.60% | |||
| 700 to 749 (including -1 & 1 to 5) | 8.50% | 8.45% | ||
| 650 to 699 | 8.75% | 8.70% | ||
| 600 to 649 | 9.50% | |||
| Below 600 | 10.00% | |||
Home Loan for Economically Weaker Section (EWS), Low Income Group (LIG) & Middle-Income Group (MIG): Urban Area
| CIBIL Score | Interest Rates (p.a.) |
|---|---|
| 800 & above | 8.50% |
| 750 to 799 | 8.75% |
| 700 to 749 | 9.00% |
| 650 to 699 & -1 & 1 to 5 | 9.25% |
| Below 650 | 9.50% |
Special Retail Lending Scheme for Government Employee, SRLGE
Home Loan
For Salaried/Professional Individuals
| Loan Amount | CIC Score | LTV Ratio | Interest Rates (% p.a.) | |
|---|---|---|---|---|
| Male | Female | |||
| Irrespective of Loan Amount | 750 and above | As per quantum wise LTV norms | 7.45% | 7.45% |
| 700 to 749 (including -1 & 1 to 5) | 8.40% | 8.35% | ||
| 650 to 699 | 8.70% | 8.65% | ||
| 600 to 649 | 9.50% | 9.50% | ||
| Below 600 | 10.00% | 10.00% | ||
For Non-Salaried Individuals
| Loan Amount | CIC Score | LTV Ratio | Interest Rates (% p.a.) | |
|---|---|---|---|---|
| Male | Female | |||
| Irrespective of Loan Amount | 750 and above | As per quantum wise LTV norms | 7.45% | 7.45% |
| 700 to 749 (including -1 & 1 to 5) | 8.50% | 8.45% | ||
| 650 to 699 | 8.75% | 8.70% | ||
| 600 to 649 | 9.50% | 9.50% | ||
| Below 600 | 10.00% | 10.00% | ||
Union Bank of India Home Loan Processing Fees & Charges
| Particulars | Charges |
|---|---|
| Processing fees | Waived off |
| Legal & Valuation Charges | For new home loans: As applicable For home loan balance transfer: Waiver of up to Rs.10,000 |
| Stamp Duty/ CERSAI/ Memorandum Registration Charges | As per actuals |
| Prepayment charges | For floating rate home loans: No chargesFor fixed rate home loans:
– No prepayment penalty if loan is prepaid from own verifiable sources. – A take-over penalty of 2% is charged on the average outstanding balance of the preceding 12 months if the loan is taken over by any other bank / FI or adjusted by the borrower in lump-sum from any third party/source (except genuine sale). |
Also Read: Home Loan Processing Fee of Top Lenders
Documents Required for Union Bank of India Home Loan
Property Documents:
In case of takeover of loans from other financial institution:
In case the applicant is an NRI:
Also Read: Documents Required for Home Loan in detail
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Eligibility Criteria for Union Bank Home Loan
For Union Home Loan
For Union Green Home
For Union Awas
Union Ashiyana Personal Loan
Union Ashiyana Overdraft
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Types of Union Bank of India Home Loan
Union Home Loan
Purpose:
Union Bank of India offers regular home loans to its applicants to finance the purchase of new/old dwelling unit, construction of house/flat, plot purchase and construction of house thereon, repair and renovation of existing home properties, addition and extension of existing home and completion of under-construction residential units.
The lender also offers home loan balance transfer facility to existing home loan borrowers of other banks and HFCs for transferring their existing home loans to Union Bank of India at lower interest rates.
Loan Amount:
LTV Ratio:
| Particulars | Details |
|---|---|
| Loan Amount up to Rs 30 lakh | Up to 90% of total purchase cost |
| Loan Amount Above Rs 30 lakh | Up to 80% of total purchase cost |
| Repair/renovation | Up to 80% of total cost |
Tenure:
Union Green Home
Purpose:
Prospective home loan borrowers can avail Union Green Home for —
Loan Amount:
The loan amount depends on the value of the property and repayment capacity of the applicant
Tenure:
Up to 30 years
LTV Ratio:
| Particulars | Details |
|---|---|
| Up to Rs 30 Lakhs | Up to 90% |
| Above Rs 30 lakhs to Rs 75 lakhs | Up to 80% |
| Above 75 lakhs | Up to 75% |
Moratorium Period
Union Awas
Purpose: Consumers can avail Union Awas, a special home loan scheme for residents of rural or semi-urban areas, to purchase or construct homes and for carrying out repair, improvement and extension of existing dwelling units.
Loan Amount:
LTV Ratio:
| Particulars | Details |
|---|---|
| For purchase and construction | Up to 90% of total purchase cost |
| For repair and improvement | Up to 80% of total purchase cost |
Tenure:
Union Home-Smart Save
Purpose: Union Smart Save is a home loan overdraft facility wherein the applicants can deposit surplus amount in the linked overdraft account and can withdraw funds from it as per their needs. The balance maintained in the account is deducted from the outstanding home loan amount, which in turn reduces the interest cost of the borrower.
Union Loan for Plot Purchase
Purpose: Union Bank of India offers Plot Purchase Loan for purchase of residential plots or sites from State Development or Town Planning Authorities or from any other Government body for distribution of sites. Consumers can also purchase sites from statutory authorities of Central or State Government and local authorities either exclusively or in partnership.
Sites or layouts provided by private entities duly approved by statutory authority of the State Government and where registrations can be affected can also be purchased through Union Plot Purchase Loan. Consumers can also purchase residential land or plots of Government Development Authorities land such as LDA, HUDA, DDA, JDA, etc. directly from the authorities or under second sale.
Loan Amount:
LTV Ratio:
| Loan Amount | LTV Ratio |
|---|---|
| Up to Rs 75 lakh | Up to 80% |
| Above Rs 75 lakh | Up to 75% |
Tenure:
Union Ashiyana Personal Loan Scheme
Purpose: Union Ashiyana Personal Loan scheme is a home loan top-up facility offered to existing as well as fresh home loan borrowers of Union Bank to meet their personal expenses
Loan Amount: Up to Rs 15 lakh
Tenure: Up to 7 years
Union Ashiyana Overdraft Scheme
Purpose: Existing as well as new home borrowers of Union Bank Home Loan can avail Home Loan overdraft facility to meet their personal or business needs or for repayment of high cost loans.
Loan Amount: Up to Rs 20 lakh
Tenure:
How Can I Apply for a Home Loan Online?
Get up to ₹5 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Verify using the OTP sent to your mobile number.
Step 3: Enter details related to your loan requirements.
Step 4: Provide your personal and employment details.
Step 5: Compare offers and apply for the best-suited loan.
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