Union Bank of India Home Loan – Interest Rate, Calculate EMI

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Union Bank of India Home Loan Highlights

Particulars	Details
Interest Rate (floating)	7.45% – 10.00% 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

Note: Last updated on 10 July 2025

Union Bank of India (UBI) Home Loan Interest Rates

Union Bank of India Housing Loan interest rates start from 7.45% 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 Interest Rates vs Other Lenders

Name of Lender	Loans Up to Rs. 30 Lakh	Loans Above Rs. 30 Lakh to Rs. 75 Lakh	Loans Above Rs. 75 Lakh
State Bank of India	7.50%-8.70% p.a.	7.50%-8.70% p.a.	7.50%-8.70% p.a.	Check Eligibility
HDFC Bank Limited	7.90% p.a. onwards	7.90% p.a. onwards	7.90% p.a. onwards	Check Eligibility
Bajaj Housing Finance	7.49% p.a. onwards	7.49% p.a. onwards	7.49% p.a. onwards	Check Eligibility
ICICI Bank	8.00% p.a. onwards	8.00% p.a. onwards	8.00% p.a. onwards	Check Eligibility
Axis Bank	8.35%-11.90% p.a.	8.35%-11.90% p.a.	8.35%-11.90% p.a.	Check Eligibility
Federal Bank	9.15% p.a. onwards	9.15% p.a. onwards	9.15% p.a. onwards	Check Eligibility
Punjab National Bank	7.55% - 9.35% p.a.	7.50% - 9.25% p.a.	7.50% - 9.25% p.a.	Check Eligibility
Kotak Mahindra Bank	8.20% p.a. onwards	8.20% p.a. onwards	8.20% p.a. onwards	Check Eligibility
Canara Bank	7.50%-10.25% p.a.	7.45% – 10.25% p.a.	7.40% – 10.15% p.a.	Check Eligibility
IDFC FIRST Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards	Check Eligibility
IDBI Bank	7.75% p.a. onwards	7.75% p.a. onwards	7.75% p.a. onwards	Check Eligibility
RBL Bank	8.20% p.a. onwards	8.20% p.a. onwards	8.20% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	7.99% p.a. onwards	7.99% p.a. onwards	7.99% p.a. onwards	Check Eligibility
PNB Housing Finance	8.25% - 11.50% p.a.	8.25% - 11.50% p.a.	8.25%-12.35% p.a.	Check Eligibility
Sammaan Capital (Formerly known as Indiabulls Housing Finance)	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
India Shelter Home Loan	10.00% - 24.00% p.a.	10.00% - 24.00% p.a.	10.00% - 24.00% p.a.	Check Eligibility
L&T Finance Limited	8.65% p.a. onwards	8.65% p.a. onwards	8.65% p.a. onwards	Check Eligibility
Godrej Housing Finance	8.55% p.a. onwards	8.55% p.a. onwards	8.55% p.a. onwards	Check Eligibility
Home First Finance	11.90% - 15.00% p.a.	11.90% - 15.00% p.a.	11.90% - 15.00% p.a.	Check Eligibility
Easy Home Finance	8.99% - 18.00% p.a.	8.99% - 18.00% p.a.	8.99% - 18.00% p.a.	Check Eligibility
Piramal Capital Housing Finance	9.50% p.a. onwards	9.50% p.a. onwards	9.50% p.a. onwards	Check Eligibility

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 charges For 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

• Duly filled application form and credit information
• KYC documents- ID proof, address proof, passport size 2 photographs
• For Salaried: Last 2 year ITR/Form 16, latest 3 salary slips and proof of any other income
• For other than Salaried: Last 3 years ITR and [roof of any other income
• Bank statement for last 6 months

Property Documents:

• Allotment letter/Sale agreement
• Copy of approved plan by local body
• Advance payment receipt or own contribution receipt
• NOC from developer/builder/society
• Estimate cost of construction, extension, repair and renovation
• Copy of property ownership document: Original sale deed/Title deed/Share certificate issued by the society and other link parent documents conveying the relationship

In case of takeover of loans from other financial institution:

• Sanction letter
• Last 12 months account statement
• List of documents on the letter head of financial institution
• Authority letter from the bank or financial institution to directly handle over the security
• documents to the Union Bank authorized officials

In case the applicant is an NRI:

• Latest work permit
• Passport copy
• Local address proof
• VISA stamp on passport
• ID card issued by current employer
• Offer letter or employment contract

Also Read: Documents Required for Home Loan in detail

Eligibility Criteria for Union Bank Home Loan

For Union Home Loan

• Eligible applicants: Indian citizens and NRIs
• Age: 18-75 years

For Union Green Home

• Eligible Project: The housing projects should be certified or rated by the rating agency Indian Green Building Council (IGBC). The bank may also consider rating from other agencies provided the concerned agency should be an approved rating agency for granting certification of Green Projects
• Indian citizens and NRIs can apply for Union Green home loan
• Age: 18-75 years

For Union Awas

• Residents of rural and semi-urban are eligible for Union Awas Home Loan
• Age: 18-75 years
• Minimum income: Rs 48,000 p.a.
• Job Profile: Permanent employees of schools, colleges, other establishments and farmers

Union Ashiyana Personal Loan

• The applicant should be a new or existing home borrower
• Age: 18-retirement age for salaried; 18-65 years for non-salaried
• The Union Ashiyana Personal Loan will be sanctioned along with a home loan for new applicants but will be disbursed to new home loan borrowers only after possession/completion of property and perfection of security
• Existing home loan borrowers should have a satisfactory repayment record

Union Ashiyana Overdraft

• Applicant should be new/existing home loan borrower
• Age: 18 to retirement age for salaried individual and 18 to 65 years for non-salaried individual
• For applicants with balance transfer home loans, loan is sanctioned along with the housing loan

Calculate your Home Loan EMI

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:

• As per the repayment capacity of the borrower
• For repair/renovation: Up to Rs 30 lakh

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:

• For purchase/construction: Up to 30 years
• For repair/renovation: Up to 15 years

Union Green Home

Purpose:

Prospective home loan borrowers can avail Union Green Home for —

• Purchase or construction of residential flat or house certified as green building
• Purchasing a completed residential property via sub-sale or from a developer certified as a green building
• Purchase of ready-built house/under-construction/flat/villa directly from the builders or society or developers or other agencies or Development authority in Certified Green Housing projects
• Balance transfer their existing Housing Loan accounts availed from other lenders for Certified Green Housing Projects

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

• For purchase or construction: Up to 3 years
• For Composite Home Loans: Up to 48 months from the date of first disbursement OR up to the period allowed by Development Authority from the date of purchase of plot, whichever is earlier

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:

• For construction/purchase: Up to Rs 20 lakh (semi-urban areas); Up to Rs 15 lakh (rural areas)
• For repair/improvement: Up to Rs 10 lakh (semi urban and rural areas)

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:

• For purchase/construction: Up to 30 years
• For repair/renovation: Up to 15 years

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:

• Minimum Loan Amount- Rs 50 lakh (Tier-I cities/Urban/Metro/State Capital)
• Maximum Loan Amount- Rs 5 crore (Tier-I cities/Urban) and Rs 10 crore (Metro/State Capital)

LTV Ratio:

Loan Amount	LTV Ratio
Up to Rs 75 lakh	Up to 80%
Above Rs 75 lakh	Up to 75%

Tenure:

• For borrowers who do not take home loan for construction purposes from Union Bank of India- Up to 10 years or 70 years of age of the borrower
• For borrowers who take home loan for construction also from Union Bank of India- Up to 30 years or 70 years of age of the borrowers

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:

• Retirement age of salaried applicants and up to 65 years for non-salaried applicants
• Overdraft account should be closed along with the home loan account

Union Bank of India Home Loan EMI Calculator

Individuals planning to apply for home loan with Union Bank of India can use the Home Loan EMI calculator to calculate the total interest cost and EMI by entering various combinations of loan amounts, loan tenures and interest rates in the EMI calculator. The EMI calculator will also help the prospective applicants to also choose their optimum loan tenures after factoring in their repayment capacity.

FAQs On Union Bank Of India Home Loan

What is the current home loan interest rate in Union Bank of India?

Union Bank of India home loan interest rate starts from 7.45% p.a. onward based on your credit profile for home loan. However, the bank offers a concession of 5 bps to borrower who opt for credit/term/life policy in favour of the Union Bank of India and 10 bps for Green Homes certified by the IGBC or any other approved rating agency.

How will Union Bank of India decide the loan amount I am eligible for?

Union Bank of India determines the loan amount eligibility of home loan applicants on the basis of their monthly income, repayment capacity, age, co-applicant’s income, credit score, continuity of occupation, repayment history, etc.

What is the normal time required for the sanction of a Union Bank of India Home Loan?

Union Bank of India takes around 5 working days to sanction the home loan after the applicant submits the required documents.

Can I choose between fixed and floating interest rates from the Union Bank of India Home Loan?

Yes, Union Bank of India offers home loans at both fixed and floating rates. However, the interest rates of its fixed rate home loans are much higher than its floating-rate home loans.

Can I prepay my home loans availed from Union Bank of India?

Yes, you can prepay your home loans availed from Union Bank of India. However, the bank does not charge any prepayment fees for home loans.

What is the moratorium period for Union Bank Home Loans?

The moratorium period for Union Home Loans availed for purchase/construction is up to 3 years. For home loans availed for repair/renovation, the moratorium period can go up to 1 year. In the case of composite home loans i.e. loan availed for plot purchase and house construction thereon, the moratorium period can go up to 4 years from the date of first loan disbursement of the plot loan or up to the period allowed by Development Authority from the date of plot purchase, whichever is earlier.

Does Union Bank of India offer preferential interest rates on home loans to women applicants?

Yes, Union Bank of India offers a concession of 5 bps on home loan interest rate to its women applicants.

Is it mandatory to have a co-applicant while applying for Union Bank Home Loans?

No, it is not mandatory to have a co-applicant while applying for a Union Bank Home Loan. Applicants can apply for home loans either througha  single account or a joint account.

What is the minimum credit score required to avail home loans from Union Bank of India?

Union Bank of India has not specified the cut-off credit score for home loan applicants. However, the bank offers lower interest rates to applicants with higher credit scores. For example, home loan applicants having credit scores of 800 and above are offered the lowest interest rates following those having credit scores of 750-799, 700-749, 650-699, 600-649 and below 600.

Can I get reimbursement of the cost already incurred toward pthe urchase/ construction of the property?

Yes, Union Bank of India allows the reimbursement of costs already incurred towards the purchase/construction of a house or flats during the 6 months prior to availing the loan. However, the approval for reimbursement would be subject to the fulfillment of the scheme criteria. Prospective borrowers should visit the concerned Union Bank branch to know more about the reimbursement-related criteria.

Can I apply for a loan from Union Bank of India to repay a home loan availed by me from another bank/ housing finance company?

Yes, you can apply for a home loan from Union Bank of India to repay the home loan availed by you from another lender. In this case, you can opt for the Home Loan Balance Transfer facility wherein you can transfer your existing home loan from another bank or HFC to Union Bank of India at lower interest rates.