Union bank of India offers housing loans on floating interest rates or fixed interest rates. The floating interest rates for Union bank of India housing loan is the sum of RBI repo rate, Spread and premium.
At present (wef 11 May 2022) - RBI repo rate is 5.40%. Union bank of India spread is 2.80%
As a special gesture union bank of india offers interest concessions to women applicants.
Since CIBIL score reflects the applicant’s borrowing history the high scoring applicants shall have better interest rates
LTV is the loan to value ratio and is expressed in percentage. The higher LTV ratio shall entitle better interest rates.
As a special gesture Union bank of India offers better interest rates for those borrowers who have lesser loan requirements.
Your housing loan is based on the above factors and the current interest rate in Union bank of India is given below.
Interest rates with effective from 27.10.2021
LOAN AMOUNT RANGE
LTV (%)
Rate of Interest under Union Home/Awas
CIBIL Score
Salaried
Non-Salaried
Male
Female
Up to Rs. 30.00
lakh
Above 800
Less than 80%
8.50%
80 to 89%
799 to 750
749 to 799
650 to 699
9.45%
9.40%
9.50%
9.55%
600 to 649
10.00%
Below 600
10.50%
Above Rs. 30.00
Above 799
750 to 799
700 to 749
9.60%
9.65%
10.15%
10.70%
8.70%
750 to 774
8.85%
8.95%
9.35%
9.30%
Salaried/Professional
9.75%
9.85%
10.10%
10.20%
10.25%
10.30%
10.75%
11.25%
10.35%
10.40%
10.90%
11.45%
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