The Bank reduced its home loan rates from 6.80% to 6.40%.
Union Bank of India today announced a reduction in its home loan interest rates with a minimum interest rate starting from 6.40%.
The Bank reduced its home loan rates from 6.80% to 6.40%. This will be effective from October 27, 2021.
The new rates will be applicable to customers, who are applying for a new loan or who want to transfer their existing loan including balance transfer.
According to the bank, customers will benefit from this offer during the festive season as there is a growing demand for home buying. With this reduced interest rate, Union Bank of India’s home loan rate is one of the most competitive in the industry.
The interest rate of 6.40% is the lowest among all the banks, so far Bank of Baroda and Bank of India have offered home loans in the festive season with a 6.50% interest rate.
