Housing-Loan-Starting-6.40%-UBI-Services-Limited-Building-structure

Home Loan Starting
From 7.90% * pa onwards

  • *terms and conditions apply

Interest Rate for Home Loan

Union bank of India offers housing loans on floating interest rates or fixed interest rates. The floating interest rates for Union bank of India housing loan is the sum of RBI repo rate, Spread and premium.

At present (wef 11 May 2022) - RBI repo rate is 5.40%. Union bank of India spread is 2.80%

Your premium is based on the below 4 factors

Gender

As a special gesture union bank of india offers interest concessions to women applicants.

CIBIL score

Since CIBIL score reflects the applicant’s borrowing history the high scoring applicants shall have better interest rates

LTV

LTV is the loan to value ratio and is expressed in percentage. The higher LTV ratio shall entitle better interest rates.

Loan amount

As a special gesture Union bank of India offers better interest rates for those borrowers who have lesser loan requirements.

Your housing loan is based on the above factors and the current interest rate in Union bank of India is given below.

Interest rates with effective from 27.10.2021

A. Union Bank of India general housing loan

LOAN AMOUNT RANGE

 

LTV (%)

Rate of Interest under Union Home/Awas

CIBIL Score

Salaried

Non-Salaried

 

Male

Female

Male

Female

 

 

 

 

 

Up to Rs. 30.00

lakh

 

 

 

Above 799

Less than 80%

7.90%

7.90%

7.90%

7.90%

80 to 89%

7.90%

7.90%

7.90%

7.90%

750 to 799

Less than 80%

8.00%

8.00%

8.00%

8.00%

80 to 89%

8.00%

8.00%

8.00%

8.00%

700 to 749

Less than 80%

8.25%

8.20%

8.30%

8.25%

80 to 89%

8.30%

8.25%

8.35%

8.30%

650 to 699

Less than 80%

8.35%

8.30%

8.40%

8.35%

80 to 89%

8.40%

8.35%

8.45%

8.40%

600 to 649

Less than 80%

8.90%

8.90%

8.90%

8.90%

80 to 89%

8.90%

8.90%

8.90%

8.90%

Below 600

Less than 80%

9.40%

9.40%

9.40%

9.40%

80 to 89%

9.40%

9.40%

9.40%

9.40%

 

 

 

 

 

Above Rs. 30.00

lakh

 

 

 

Above 799

Less than 80%

7.90%

7.90%

7.90%

7.90%

80 to 89%

7.90%

7.90%

7.90%

7.90%

750 to 799

Less than 80%

8.00%

8.00%

8.00%

8.00%

80 to 89%

8.00%

8.00%

8.00%

8.00%

700 to 749

Less than 80%

8.35%

8.30%

8.30%

8.35%

80 to 89%

8.40%

8.35%

8.45%

8.40%

650 to 699

Less than 80%

8.45%

8.40%

8.50%

8.45%

80 to 89%

8.50%

8.45%

8.55%

8.50%

600 to 649

Less than 80%

9.05%

9.05%

9.05%

9.05%

80 to 89%

9.05%

9.05%

9.05%

9.05%

Below 600

Less than 80%

9.60%

9.60%

9.60%

9.60%

80 to 89%

9.60%

9.60%

9.60%

9.60%

 

B. Union bank of India housing loan smart save option

LOAN AMOUNT RANGE

 

LTV (%)

Rate of Interest under Union Home/Awas

CIBIL Score

Salaried

Non-Salaried

 

Male

Female

Male

Female

 

 

 

 

 

Up to Rs. 30.00

lakh

 

 

 

Above 799

Less than 80%

8.25%

8.25%

8.25%

8.25%

80 to 89%

8.25%

8.25%

8.25%

8.25%

750 to 799

Less than 80%

8.25%

8.25%

8.25%

8.25%

80 to 89%

8.25%

8.25%

8.25%

8.25%

700 to 749

Less than 80%

8.50%

8.45%

8.55%

8.50%

80 to 89%

8.55%

8.50%

8.60%

8.55%

650 to 699

Less than 80%

8.60%

8.55%

8.65%

8.60%

80 to 89%

8.65%

8.60%

8.70%

8.65%

600 to 649

Less than 80%

9.15%

9.15%

9.15%

9.15%

80 to 89%

9.15%

9.15%

9.15%

9.15%

Below 600

Less than 80%

9.65%

9.65%

9.65%

9.65%

80 to 89%

9.65%

9.65%

9.65%

9.65%

 

 

 

 

 

Above Rs. 30.00

lakh

 

 

 

Above 799

Less than 80%

8.25%

8.25%

8.25%

8.25%

8.25%

8.25%

8.25%

8.25%

8.25%

750 to 799

Less than 80%

8.25%

8.25%

8.25%

8.25%

80 to 89%

8.25%

8.25%

8.25%

8.25%

700 to 749

Less than 80%

8.60%

8.55%

8.65%

8.60%

80 to 89%

8.65%

8.60%

8.70%

8.65%

650 to 699

Less than 80%

8.70%

8.65%

8.75%

8.70%

80 to 89%

8.75%

8.70%

8.80%

8.75%

600 to 649

Less than 80%

9.30%

9.30%

9.30%

9.30%

80 to 89%

9.30%

9.30%

9.30%

9.30%

Below 600

Less than 80%

9.85%

9.85%

9.85%

9.85%

80 to 89%

9.85%

9.85%

9.85%

9.85%

 

C. Union bank of India housing loans under COMMERCIAL REAL ESTATE – Residential Housing (CRE):

LOAN AMOUNT RANGE

 

LTV (%)

Salaried/Professional

Non-Salaried

CIBIL Score

Male

Female

Male

Female

 

 

 

 

 

Up to Rs. 30.00

lakh

 

 

Above 799

Less than 80%

8.65%

8.65%

8.65%

8.65%

80 to 89%

8.65%

8.65%

8.65%

8.65%

750 to 799

Less than 80%

8.75%

8.75%

8.75%

8.75%

80 to 89%

8.75%

8.75%

8.75%

8.75%

700 to 749

Less than 80%

9.00%

9.00%

9.05%

9.05%

80 to 89%

9.05%

9.05%

9.10%

9.10%/p>

650 to 699

Less than 80%

9.10%

9.10%

9.15%

9.15%

80 to 89%

9.15%

9.15%

9.20%

9.20%

 600 to 649

Less than 80%

9.65%

9.65%

9.65%

9.65%

80 to 89%

9.65%

9.65%

9.65%

9.65%

Below 600

Less than 80%

10.15%

10.15%

10.15%

10.15%

80 to 89%

10.15%

10.15%

10.15%

10.15%

 

 

 

 

 

Above Rs. 30.00

lakh

 

 

 

Above 799

Less than 80%

8.65%

8.65%

8.65%

8.65%

80 to 89%

8.65%

8.65%

8.65%

8.65%

750 to 799

Less than 80%

8.75%

8.75%

8.75%

8.75%

80 to 89%

8.75%

8.75%

8.75%

8.75%

700 to 749

Less than 80%

9.10%

9.10%

9.15%

9.15%

80 to 89%

9.15%

9.15%

9.20%

9.20%

650 to 699

Less than 80%

9.20%

9.20%

9.25%

9.25%

80 to 89%

9.25%

9.25%

9.30%

9.30%

 600 to 649

Less than 80%

9.80%

9.80%

9.80%

9.80%

80 to 89%

9.30%

9.80%

9.80%

9.80%

Below 600

Less than 80%

10.35%

10.35%

10.35%

10.35%

80 to 89%

10.35%

10.35%

10.35%

10.35%