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Union Bank of India Home Loan Interest Rates 2025 – Apply Online with SuGanta

With interest rates beginning at 8.10% annually as of April 2025, Union Bank of India offers inexpensive home loan choices. Whether you're a salaried professional, self-employed individual, NRI, or a woman borrower, Union Bank provides tailored solutions to meet your housing finance needs. Partner with SuGanta, your trusted real estate and financial services platform, to seamlessly compare, apply, and manage your home loan journey.

Key Features of Union Bank Home Loans

  • Attractive Interest Rates: Starting from 8.10% p.a., varying based on applicant profile and loan scheme.
  • Flexible Loan Tenure: Repayment periods up to 30 years, accommodating diverse financial plans.
  • High Loan Amounts: Finance up to 90% of the property value, subject to eligibility and property valuation.
  • Special Schemes:
    • Union Home Loan: For purchasing or constructing a new home.
    • Union Awas: For individuals in semi-urban and rural areas.
    • Union Smart Save: brings together an overdraft facility and a house loan.
    • Union Top-Up Loan: For additional funding on existing loans.
  • Preferential Rates: Special interest concessions for women borrowers and NRIs.
  • Zero Prepayment Charges: No penalties on early loan repayment for floating-rate loans.
  • Online Application: Simplified digital process with quick approvals through SuGanta.

Choosing the Right Union Bank Home Loan Scheme

Union Bank offers a variety of home loan products to cater to different needs:

  • Union Home Loan: Ideal for first-time homebuyers looking to purchase or construct a residential property.
  • Union Awas: Designed for people who want to build or purchase a home in semi-urban and rural locations
  • Union Smart Save: Offers an overdraft facility linked to your home loan for added financial flexibility.
  • Union Top-Up Loan: Provides additional funds on your existing home loan for various needs.

At SuGanta, we assist you in selecting the loan scheme that aligns best with your financial goals and property aspirations.

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Interest Rates Based on Applicant Profile

Interest rates may vary depending on the applicant's credit profile and chosen loan scheme:

  • Salaried Individuals: Rates starting from 8.10% p.a
  • Self-Employed Professionals: Rates starting from 8.35% p.a., depending on credit score
  • Women Borrowers: Preferential rates starting from 8.00% p.a.
  • NRIs: Competitive rates starting from 8.10% p.a., with flexible eligibility criteria.

Loan Tenure & Repayment Options

  • Maximum Tenure: Up to 30 years, ensuring manageable EMIs
  • Repayment Flexibility: Options include Equated Monthly Installments (EMIs) and half-yearly installments for agriculturists.
  • Moratorium Period: Available for under-construction properties, as per bank norms.
  • Prepayment & Foreclosure: No charges on floating-rate loans, allowing for early repayment without penalties.

Additional Benefits with SuGanta

Partnering with SuGanta for your Union Bank home loan offers several advantages:

  • Expert Guidance: Personalized assistance in selecting the right loan product.
  • EMI Calculator: use SuGanta’s emi calculator to plan your finances
  • Eligibility Check: Quick assessment of your loan eligibility.
  • Document Assistance: assistance in obtaining and filing the required paperwork.
  • End-to-End Support: From application to disbursal, we guide you at every step

Tips to Secure the Best Interest Rates

  • Maintain a High Credit Score: Aim for a CIBIL score above 750 to avail lower interest rates.
  • Opt for Shorter Tenure: Shorter loan tenures often attract better interest rates.
  • Consider Joint Loans: Applying with a co-applicant can enhance eligibility and offer better rates.
  • Stay Informed: Regularly check for promotional offers and schemes by Union Bank.