Union Bank Of India Latest Interest Rates
 

I want to take home loan from Union Bank of India so can you please tell me the latest interest rate on home loan in the bank?

Re: Union Bank Of India Latest Interest Rates
 

Union Bank of India is one of the largest government-owned banks of India. The bank was established on 11 November 1919. It has representative offices in Abu Dhabi, United Arab Emirates, Beijing, Peoples Republic of China, London, Shanghai, and Sydney, and branches in Hong Kong, Dubai (Dubai International Financial Centre) and Antwerp, Belgium.

Union Bank Of India home loan Interest Rates

Our Bench Prime Lending
Rate [BPLR] w.e.f. 13/09/2013 14.75%

Our Base Rate w.e.f. 05/10/2015 9.65% .

For details about interest rate Here is the attachment.

Union Bank Of India home loan Interest Rates

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Quantum Of Loan-

Depending on repayment capacity of the borrower and value of property

Maximum Rs. 30 Lakhs for Repairs.

Margin, i.e. Your share-

20% of the total cost of the purchase/ construction of house/ flat for loans upto Rs. 75 Lakhs

25% of the total cost of the purchase/ construction of house/ flat for loans Above Rs. 75 lakhs to Rs. 2 Crores

35% of the total cost of the purchase/ construction of house/ flat for loans Above Rs. 2 Crores

20% of total cost of the repairs

Moratorium Period-

Moratorium period of up to 18 months.

Repayment-

Repayment period of up to 30 years
10 years in case of repairs
Flexible methods of repayment