Union Bank of India gives its customers home loans that start from 7.90% and more. This bank can also finance up to 90% of the cost of the property for a tenure that ranges up to 30 years. It can also offer home loan overdraft facilities to new home loan applicants and home loan balance transfer facilities to the current or existing home loan borrowers of the banks and housing finance companies at lower interest rates.
Union Bank of India also offers the Union Awas, which is another special home loan scheme that is designed for applicants who are residing in the rural and semi-urban areas of the country.
Here are the Union Bank of India home loan interest rates in 2024 for all those home loans that are more than Rs. 30 lakhs
CIBIL Score |
Interest Rate |
Less than 600 |
9.40% |
600-649 |
8.90% |
650 to 699 |
8.40% |
700 to 749 |
8.35% |
750 to 799 |
8.30% - 8.00% |
800 and above |
8.00% - 7.90% |
CIBIL Score |
Interest Rate |
Less than 600 |
9.40% |
600-649 |
8.90% |
650 to 699 |
8.45% |
700 to 749 |
8.40% |
750 to 799 |
8.35% - 8.30% |
800 and above |
8.00% - 7.90% |
Union Bank of India home loan interest for salaried persons
CIBIL Score |
Interest Rate |
Less than 600 |
9.60% |
600 to 649 |
9.05% |
650 to 699 |
8.50% |
700 to 749 |
8.45% |
750 to 799 |
8.40% - 8.35% |
800 and above |
8.00% - 7.90% |
There are different kinds of home loans provided by the bank for different purposes-
The purpose of this loan is to buy new or old dwelling units. It can also be used for the construction of a house or flat. It can also be for the purchase of a plot and construction of the house on the same. You can also use it for repair, extension, renovation, or addition. The amount for this loan is according to the capacity of the borrower, and for the repair or renovation, it is up to Rs. 30 lakhs. The tenure for this loan is 30 years for purchase or construction and 15 years for renovation.
The major motive of the loan scheme is to provide an overdraft facility to buy or construct a flat or a house. The loan amount for this loan is according to the eligibility of the borrower.
The motive of this scheme is to aid the personal expenses of the existing and new home loan borrowers. The amount of this loan goes up to Rs. 15 lakhs, and with a tenure that goes up to 7 years.
This scheme aims at a home loan overdraft for personal or business requirements of home loan borrowers or repayment of high-cost loans. The loan amount ranges up to Rs. 20 lakhs.
The motive of this loan is to purchase or construct a new house or flat for the repair or renovation and addition for economically weaker sections, middle-income groups, and lower-income groups.
This is a home loan scheme for the construction or purchasing of houses in rural and semi-urban areas. You will also be allowed to carry out the repair, improvements, and more to the existing dwelling units of the rural or semi-urban areas. The loans offer up to Rs. 10 lakhs in semi-urban areas, up to Rs. 7 lakhs for rural, and up to Rs. 5 lakhs for semi-urban and rural.
Indian Resident citizens and NRIs
Age Criteria: 18-75 years