Union Bank of India Home Loan

7.25% – 10% p.a.

Loan Interest Rate

Rs. 17,700 + GST

Processing Fees

Up to 90%

Loan Amount of Property value

NIL

Prepayment / Foreclosure Charges

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Union Bank of India Home Loan

Updated on 26 Oct 2026Written by Ramandeep Sadana,Credit Expert with over 10 years of experience

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CIBIL information on Union Bank of India

CIBIL for Union Bank of India Home Loan

Other Loan Options

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Home Loan Balance Transfer

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Union Bank of India, a major public sector bank with over 8,000 branches, offers home loans through schemes like Union Home and Union Awas for property purchase, construction, renovation, extension, or balance transfer, financing up to 90% of the property value (max Rs.5 crore+ based on eligibility). Union Bank of India home loans come with tenures up to 30 years. It charges a processing fee of 0.50% (max Rs.15,000 + GST), and digital approvals in 7-15 days for complete documentation.

Key Highlights of Union Bank of India Home Loan

Feature	Details
Interest Rate	Starts at 7.35% p.a. (up to 12.65% p.a. based on CIBIL and profile)
Processing Fee	0.50% of loan amount + GST (max Rs.15,000)
Loan Amount	Up to 90% of property value (max Rs.5 crore+ for strong profiles)
Repayment Tenure	Up to 30 years
Applicant Age	18-70 years (up to retirement for salaried)
Approval & Disbursal Time	7–15 working days (faster for complete docs)
Prepayment Charges	Nil for floating rate loans (individuals)
Eligibility (Salaried)	Rs.20,000+ monthly; 1 year job; CIBIL 700+
Eligibility (Self-Employed)	2 years business; Rs.3 lakh+ annual ITR; CIBIL 700+

Union Bank of India Home Loan Interest Rate: A Detailed Look and Comparison

Union Bank of India home loan interest rate is floating, linked to the External Benchmark Lending Rate (EBLR), with spreads based on CIBIL, income, and PMAY eligibility—starting at 7.35% p.a. for PMAY beneficiaries or salaried with CIBIL 750+ on loans up to Rs.30 lakh, up to 12.65% p.a. for self-employed or higher-risk profiles. Women and defense personnel get 0.05% concession. Daily reducing balance applies.

Borrower Category	Interest Rate	Max Rate	Key Influencing Factors
Salaried (CIBIL ≥750)	7.35%	8.50%	Stable job, ≤Rs.30 lakh loan, PMAY eligibility
Self-Employed Professionals	8.35%	12.65%	ITR trends, 2+ years business, audited financials
Balance Transfer/Top-Up	7.60%	9.00%	Existing repayment history, add-on ≤20% original
PMAY EWS/LIG/MIG	7.35%	8.00%	Household income up to Rs.9 lakh, property value up to Rs.35 lakh

Union Bank of India Home Loan Interest Rate Comparison with Leading Banks

Bank	Starting Rate (p.a.)	Processing Fee	Max Tenure
Union Bank of India	7.35%	0.50% (max Rs.15,000)	30 years
State Bank of India (SBI)	7.50%	Up to 0.35%	30 years
HDFC Bank	8.15%	0.5%–1%	30 years
ICICI Bank	8.75%	0.5%–1%	30 years

For a Rs.50 lakh loan over 20 years at 7.35%, EMI is Rs.37,500—Rs.1,500 less than HDFC's 8.15%, equating to Rs.3.6 lakh interest savings; PMAY-U 2.0 subsidy of up to Rs.1.80 lakh may apply for eligible first-time buyers.

Why Opt for Union Bank of India Home Loan Interest Rate Calculator Processing Fee Requirements Application Process Customer Care Status

PMAY-U 2.0 Priority: 4% interest subsidy on the first Rs.8 lakh of the loan (maximum Rs.1.80 lakh) for first-time buyers with household income up to Rs.9 lakh/year and property value up to Rs.35 lakh. 90% LTV for ≤Rs.45 lakh properties.
Women/Defense Concession: 0.05% rate cut for female applicants or defense personnel, plus priority processing for joint applications.
Balance Transfer Advantage: Switch old loans + top-up up to 20% for renovations at 7.60%+, no prepayment penalty after 12 EMIs, processed in 7-10 days.
Flexible LTV: 90% for ≤Rs.30 lakh, 80% for Rs.30-75 lakh, 70% for >Rs.75 lakh—tailored for affordable to mid-segment.
Minimal Documentation for Salaried: Basic KYC/income proofs for approvals under Rs.50 lakh, with doorstep collection in urban areas.
Public Sector Reliability: Transparent underwriting with no hidden fees, plus overdraft facility up to 20% of loan for emergencies at base rate.

Union Bank of India Home Loan Calculator: Estimate Your Payments Effortlessly

Union Bank of India home loan calculator at unionbankofindia.co.in/emi-calculator: Input amount, rate (7.35%-12.65%), tenure for EMI, amortization, and PMAY subsidies.

Example Calculation

Loan Amount: Rs.50 lakh

Interest Rate: 7.35% p.a.

Tenure: 20 years

Monthly EMI	Total Interest Payable	Total Amount Payable
Rs.37,500	Rs.40 lakh	Rs.90 lakh

Reduce to 15 years: EMI Rs.41,200, saves Rs.12 lakh interest; PMAY-U 2.0 subsidy of up to Rs.1.80 lakh may apply for eligible first-time buyers.

Union Bank of India Home Loan Processing Fee and Associated Charges

Charge Type	Amount
Processing Fee	0.50% + GST (max Rs.15,000)
Legal & Valuation Fee	Rs.3,000–Rs.5,000 (actuals)
CERSAI Registration	Rs.500
Stamp Duty (MODT)	0.1%–0.3% (state-specific)
Prepayment (Floating Rate)	Nil

GST at 18%. Total <1%; PMAY waives 50% processing; no commitment fees.

Union Bank of India Home Loan Requirements and Eligibility

For Salaried Applicants

● Age: 18–70 years (up to retirement)

● Rs.20,000+ monthly net income

● 1 year in current job

● CIBIL: 700+ (750+ for lowest rates)

For Self-Employed Applicants

● Age: 21–70 years

● 2 years business

● Rs.3 lakh+ annual ITR

● CIBIL: 700+; audited P&L required

Essential Documents

KYC: Aadhaar, PAN, photos, address proof
Income: 3-month slips/Form 16 (salaried); 2 ITRs/P&L (self-employed)
Property: Sale agreement, title deed, encumbrance certificate
Bank: 6–12 months statements

90% LTV for PMAY; co-applicants (spouse/family) boost limits.

Union Bank of India Home Loan Application Process – Step by Step

Pre-Check Eligibility: Use calculator on unionbankofindia.co.in (2 mins).
Submit Application: Online/branch form with details; pay processing upfront.
Document Upload: Provide KYC/income/property proofs.
Verification: CIBIL check, legal appraisal (4-7 days).
Sanction Letter: e-Issued with EMI/terms; PMAY pre-approved.
Agreement & Disbursal: Digital signing, margin (10-20%), funds in 2-3 days.

Union Bank of India Home Loan Customer Care Number

Service	Contact Details
Helpline (9AM-6PM)	022-22890729 / 022-22890730 / 022-22890731
Email for Queries	customercare@unionbankofindia.com
Grievance Redressal	cgo@unionbankofindia.com
Branch Hours	10 AM–4 PM (Mon-Fri)

How to Check Union Bank of India Home Loan Status

Visit unionbankofindia.co.in/track-application with application no./mobile OTP—view stages: Submitted, Verified, Sanctioned, Disbursed. Email customercare@unionbankofindia.com for updates (48-hour response); visit branch with ID.

Frequently Asked Questions (FAQs) on Union Bank of India Home Loan Interest Rate Calculator Processing Fee Requirements Application Process Customer Care Status

What is the minimum income required for Union Bank of India home loan interest rate calculator processing fee requirements application process customer care status?

Salaried applicants need a minimum Rs.20,000 monthly net income, while self-employed require Rs.3 lakh+ annual ITR with 2 years business stability. The bank assesses based on 50% debt-to-income ratio for EMI affordability up to Rs.5 crore+; PMAY-eligible applicants (household income up to Rs.9 lakh/year) get priority, with co-applicants (spouse/family) increasing limits by 20-30%.

Can I get a home loan from Union Bank of India as an NRI?

Yes, NRIs qualify with 2+ years overseas employment, valid visa, and NRE proofs, at rates starting 7.60% p.a. with 80% LTV via power of attorney. Submit attested salary slips and overseas address; contact customer care for NRI desks, with disbursal in 10-15 days.

Are there any special schemes like PMAY under Union Bank of India home loan interest rate calculator processing fee requirements application process customer care status?

Under PMAY-U 2.0, first-time buyers with household income up to Rs.9 lakh/year (EWS up to Rs.3 lakh, LIG Rs.3–6 lakh, MIG Rs.6–9 lakh) buying a property worth up to Rs.35 lakh can get a 4% interest subsidy on the first Rs.8 lakh of the loan for up to 12 years. The maximum subsidy is Rs.1.80 lakh, released in 5 yearly instalments to the loan account. The older CLSS scheme (up to Rs.2.67 lakh) has ended.

How does balance transfer work with Union Bank of India home loan interest rate calculator processing fee requirements application process customer care status?

Balance transfer at 7.60%-8.60% (0.25%-1% lower than originators) requires 12-month statements and NOC, with 0.50% processing fee (max Rs.15,000). It includes top-up up to 20% original for renovations; processing takes 7-10 days, saving Rs.2,500+ monthly on Rs.50 lakh loans.

Final Thoughts: Making Union Bank of India Home Loan Interest Rate Calculator Processing Fee Requirements Application Process Customer Care Status Your Smart Choice

With home prices up 9% in 2025 (NHB data), Union Bank of India home loan interest rate calculator processing fee requirements application process customer care status offers 7.35% rates, PMAY subsidies, and 7-15 day approvals—financing diverse needs across 8,000+ branches. Ideal for Rs.30 lakh-Rs.5 crore+ aspirations. Apply at unionbankofindia.co.in or email customercare@unionbankofindia.com.