Why Choose Union Bank of India for Your Home Loan?
Union Bank of India brings a combination of legacy, service, and affordability to your home
financing journey. Whether you're buying a flat, building a house, or looking to transfer your
existing loan, UBI offers home loan solutions to fit a variety of needs.
- Attractive interest rates, starting from ~8.40% p.a.
- Loan tenures up to 30 years, with flexible EMI options
- Up to 90% of property value financed
- Balance transfer facility available at low processing fees
- Special benefits for women borrowers and government employees
Key Features of Union Bank Home Loans
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Government-Owned, Customer-Centric
As one of India’s largest public sector banks, Union Bank is known for its transparent processing and stable lending rates. It’s an ideal choice for those looking for a safe, long-term relationship.
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Low Interest, High Transparency
Union Bank of India offers floating and fixed-rate home loans with no hidden charges. Interest is calculated on a daily reducing balance,ensuring savings over time.
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Tailored for All Segments
Whether you're salaried, self-employed, or a first-time buyer, UBI home loans are structured to suit various income types. Co-applicants and joint loans are also allowed, improving your eligibility and loan amount.
Get Smart with SuGanta – Your Digital Loan Advisor
Applying for a home loan doesn’t need to be overwhelming. When you apply through SuGanta,
you’re not just choosing a lender—you’re gaining tools to make better financial decisions.
- Instantly calculate EMI with our Union Bank Home Loan EMI Calculator
- Compare offers from 30+ banks and NBFCs in one place
- Get real-time eligibility checks without affecting your credit score
- Apply digitally and track every step with ease
- Access loan offers tailored to your city, salary, and credit profile
Sample Loan Breakdown – ₹40 Lakhs, 5 Years, 8.50%
Interest
Taking a shorter tenure like 5 years helps you clear your loan faster and save significantly on
interest. With Union Bank’s competitive rate of 8.50% per annum, your estimated monthly EMI
would be approximately ₹82,644. Below is how your repayment might look over 5 years:
Amortization Schedule (Yearly)
| Year |
Opening Balance (₹) |
EMI × 12 (₹) |
Interest Paid (₹) |
Principal Paid (₹) |
Closing Balance (₹) |
| 1 |
₹40,00,000 |
₹9,91,728 |
₹3,35,779 |
₹6,55,949 |
₹33,44,051 |
| 2 |
₹33,44,051 |
₹9,91,728 |
₹2,73,106 |
₹7,18,622 |
₹26,25,429 |
| 3 |
₹26,25,429 |
₹9,91,728 |
₹2,11,652 |
₹7,80,076 |
₹18,45,353 |
| 4 |
₹18,45,353 |
₹9,91,728 |
₹1,43,980 |
₹8,47,748 |
₹9,97,605 |
| 5 |
₹9,97,605 |
₹9,91,728 |
₹70,885 |
₹9,20,843 |
₹0 |
A Few Key Takeaways:
- Total Interest Payable: ₹10,35,402
- Total Repayment Amount: ₹49,35,730
- Loan Cleared In: 5 years (60 EMIs)
- Monthly EMI: ₹82,644
This short-term repayment plan is ideal for borrowers who want to reduce their overall loan
burden and can afford slightly higher monthly EMIs. It's a smart choice for salaried
professionals or business owners with stable income who want to build assets without long-term
debt.
Start Your Homeownership Journey with Union Bank
Whether you are buying your first home or planning to build your dream house, Union Bank
Home Loans provide a financially secure, stress-free path to homeownership. Apply throughSuGanta.com and unlock
exclusive benefits, faster approvals, and expert support. Choose the right housing loan with confidence
and move into your dream home sooner than you imagined.