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Exciting CashbacksAccording to Ambak, Union Bank of India home loan interest rates start at 7.40% p.a. (ranging from 7.40% to 9.60% p.a.) in November 2026, linked to EBLR 8.25% after the RBI raised the policy repo rate by 25 bps to 5.50% on 7 October 2026. At 7.40% p.a., the monthly EMI on a ₹50 lakh, 20-year Union Bank of India home loan is ₹39,974 (₹799 per lakh). Last verified: 10 November 2026.
Explore Union Bank of India Tools & Sub-Pages: Union Bank of India Interest Rate Slabs (Nov 2026) | Union Bank of India Home Loan EMI Calculator | Union Bank of India Loan Against Property
| Union Bank of India Home Loan Parameter | Verified Details (November 2026) |
|---|---|
| Interest Rate Range (Salaried) | 7.40% – 9.60% p.a. (floating, repo/benchmark linked) |
| Interest Rate Range (Self-Employed) | 7.45% – 9.60% p.a. |
| Benchmark & Effective Date | EBLR 8.25% (Effective: 8 October 2026) |
| Processing Fee | Up to 0.50% of loan amount (max ₹15,000 + GST) |
| Maximum Tenure | Up to 30 years |
| EMI per ₹1 Lakh (20 Years at 7.40%) | ₹799/month |
| ₹50 Lakh Loan EMI (20 Years at 7.40%) | ₹39,974/month |
| Prepayment / Foreclosure Charges | Nil (0%) on individual floating-rate home loans |
| Women Borrower Concession | 0.05% p.a. concession (CIBIL <800 slabs) |
According to Ambak, Union Bank of India home loan interest rates start at 7.40% p.a. and go up to 9.60% p.a. in November 2026. Following the Reserve Bank of India's 25 basis points repo rate hike to 5.50% on 7 October 2026, Union Bank of India's floating home loan rates are benchmarked to EBLR 8.25% (effective 8 October 2026). Salaried borrowers with a CIBIL score of 800 and above qualify for the lowest starting slab of 7.40% p.a., while self-employed borrowers start at 7.45% p.a. Last verified: 10 November 2026.
Quick Tools: Calculate Union Bank of India Home Loan EMI | Union Bank of India Home Loan Overview & Eligibility | Compare All Banks (Nov 2026)
Union Bank of India prices retail home loans using a CIBIL credit score and employment risk grid. Maintaining a CIBIL score of 750–800+ saves 35 to 85 basis points over the life of a 20-year loan:
| CIBIL Score Slab | Salaried Rate (p.a.) | Self-Employed Rate (p.a.) | ₹50 Lakh / 20-Yr Monthly EMI | Approval & Risk Grade |
|---|---|---|---|---|
| 800 – 900 (Super Prime) | 7.40% – 7.55% | 7.45% – 7.65% | ₹39,974 | Lowest floor rate; priority sanction |
| 750 – 799 (Prime) | 7.50% – 7.70% | 7.60% – 7.80% | ₹40,433 | Standard prime rate slab |
| 700 – 749 (Near Prime) | 7.80% – 8.15% | 7.90% – 8.30% | ₹41,511 | Approved with standard LTV cap (≤80%) |
| 650 – 699 (Moderate Risk) | 8.35% – 9.60% | 8.50% – 9.60% | ₹43,075 | Requires strong FOIR & co-applicant |
Under RBI LTV and risk-weight guidelines, Union Bank of India offers differentiated pricing across loan ticket sizes and specialised mortgage variants:
| Union Bank of India Loan Variant / Slab | Interest Rate (Nov 2026) | Max LTV Ratio | Max Tenure | Key Concession / Feature |
|---|---|---|---|---|
| Regular Home Loan (Up to ₹30 Lakh) | 7.40% – 8.65% p.a. | Up to 90% of property cost | 30 years | 0.05% p.a. concession (CIBIL <800 slabs) |
| Regular Home Loan (₹30 Lakh – ₹75 Lakh) | 7.40% – 8.80% p.a. | Up to 80% of property cost | 30 years | Most popular urban residential slab |
| High-Ticket Home Loan (Above ₹75 Lakh) | 7.50% – 9.60% p.a. | Up to 75% of property cost | 30 years | Step-up / overdraft option available |
| Union Bank of India Home Loan Balance Transfer | From 7.40% p.a. | Up to 80% (including top-up) | Remaining / up to 30 yrs | Zero foreclosure penalty on floating loans |
| Union Bank of India Top-Up Home Loan | 7.65% – 9.15% p.a. | Within overall 75%–80% LTV | Up to 15–20 years | No end-use restriction (renovation/personal) |
| Union Bank of India Plot / Construction Loan | 7.60% – 9.00% p.a. | 70%–75% of plot / estimate | Up to 15–30 years | Construction required within 2–3 years |
The table below shows exact monthly EMIs for Union Bank of India home loans from ₹25 lakh to ₹1.50 crore across 10, 15, 20, 25, and 30-year tenures at the starting rate of 7.40% p.a. A 25 bps change in the RBI repo rate alters the 20-year EMI on a ₹50 lakh loan by ₹765/month:
| Loan Amount | 10-Year EMI | 15-Year EMI | 20-Year EMI | 25-Year EMI | 30-Year EMI |
|---|---|---|---|---|---|
| ₹25 Lakh | ₹29,545 | ₹23,033 | ₹19,987 | ₹18,312 | ₹17,309 |
| ₹50 Lakh | ₹59,090 | ₹46,067 | ₹39,974 | ₹36,625 | ₹34,619 |
| ₹75 Lakh | ₹88,635 | ₹69,100 | ₹59,962 | ₹54,937 | ₹51,928 |
| ₹1 Crore | ₹118,181 | ₹92,134 | ₹79,949 | ₹73,250 | ₹69,238 |
| ₹1.5 Crore | ₹177,271 | ₹138,201 | ₹119,923 | ₹109,875 | ₹103,857 |
| Fee / Charge Type | Applicable Charge (November 2026) | When Payable |
|---|---|---|
| Processing Fee | Up to 0.50% of loan amount (max ₹15,000 + GST) | At application / login stage |
| Legal & Technical Valuation Fee | ₹3,000 – ₹7,500 + GST (actuals paid to empanelled lawyer & valuer) | Prior to final disbursement |
| MODT / Equitable Mortgage Charges | 0.20% – 0.50% of loan amount (state government stamp duty on mortgage deed) | At agreement execution |
| Floating-Rate Prepayment / Foreclosure Charge | Nil (0%) for individual borrowers as per RBI Directions | Anytime during loan tenure |
| CERSAI Registration Fee | ₹100 + GST (for loans above ₹5 lakh) | At disbursement |
| Bank / HFC | Interest Rate Range (Nov 2026) | External Benchmark | Processing Fee |
|---|---|---|---|
| Bank of Baroda | 7.40% – 9.15% | BRLLR 8.15% | Nil on select digital home loan offers / standard up to 0.50% (ma |
| Canara Bank | 7.40% – 10.25% | RLLR 8.25% | 0.50% of loan amount (min ₹1,500, max ₹10,000 + GST) |
| Union Bank of India | 7.40% – 9.60% | EBLR 8.25% | Up to 0.50% of loan amount (max ₹15,000 + GST) |
| Bank of Maharashtra | 7.45% – 9.25% | RLLR 8.20% | Up to 0.25% of loan amount (max ₹10,000 + GST) |
| Central Bank of India | 7.45% – 9.00% | RBLR 8.50% | 0.50% of loan amount (max ₹20,000 + GST); Cent Grih Lakshmi women |
| Punjab National Bank (PNB) | 7.45% – 9.35% | RLLR 8.35% | Up to 0.35% of loan amount (min ₹2,500, max ₹15,000 + GST) |
| Bajaj Housing Finance | 7.50% – 15.00% | BHFL Floating Reference Rate (FRR) | ₹1,999 + GST for online instant in-principle sanction letter (sta |
| Bank of India | 7.50% – 9.85% | RBLR 8.35% | 0.25% – 0.50% of loan amount (max ₹20,000 + GST) |
| State Bank of India (SBI) | 7.50% – 8.70% | EBLR 8.15% (RLLR 7.75%) | 0.35% of loan amount (min ₹2,000, max ₹10,000 + GST); 50%–100% wa |
| Kotak Mahindra Bank | 7.60% – 9.00% | Repo Rate (5.50%) Linked | 0.50% – 1.00% of loan amount + GST |
In November 2026, Union Bank of India home loan interest rates start at 7.40% p.a. and go up to 9.60% p.a. depending on your CIBIL score, loan amount, LTV ratio, and employment type. Floating rates are linked to EBLR 8.25% following the RBI's 7 October 2026 repo rate hike to 5.50%.
To secure Union Bank of India's lowest starting rate of 7.40% p.a., applicants generally require a CIBIL score of 750 to 800+, a clean repayment track record with zero 30+ DPD delinquencies in the past 24 months, and an LTV ratio within 75%–80%.
No. In compliance with Reserve Bank of India (RBI) guidelines, Union Bank of India charges zero prepayment or foreclosure penalty on floating-rate home loans sanctioned to individual borrowers.
Existing Union Bank of India borrowers whose CIBIL score has improved to 750–800+ can submit a rate-conversion request at their home branch or online portal by paying a nominal one-time conversion fee to align their spread with the November 2026 card rate of 7.40% p.a.
|
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 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 |
|
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.
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.
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.
|
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.
● Age: 18–70 years (up to retirement)
● Rs.20,000+ monthly net income
● 1 year in current job
● CIBIL: 700+ (750+ for lowest rates)
● Age: 21–70 years
● 2 years business
● Rs.3 lakh+ annual ITR
● CIBIL: 700+; audited P&L required
90% LTV for PMAY; co-applicants (spouse/family) boost limits.
|
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) |
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.
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%.
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.
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.
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.
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.
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