Union Bank of India Home Loan: Rates, Eligibility & Fees 2026
Union Bank of India offers home loans to buy, build or renovate a home. Butter Money compares Union Bank of India's offer with similar lenders for your profile and handles the paperwork with you until disbursal.
Interest Rate
7.15%
p.a. onwards
Processing Fee
₹10,000
+ GST
Max Tenure
30 Years
Max LTV
Up to 75%
Rates updated 11 Aug 2026 from Butter's lender rate data · Union Bank of India's official rates
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What stands out with Union Bank of India
- Home loan overdraft option to park surplus funds and save interest
- 0.05% lower rate when a woman is the primary applicant
- Tenure up to 30 years
Union Bank of India home loan at a glance
| Lender type | Public sector bank |
| Starting rate | 7.15% p.a. onwards |
| Products | Home loan, Plot, Balance transfer, Construction, Overdraft home loan |
| Funding (LTV) | Up to 75% of the property's value, within RBI's caps |
| Prepayment | Nil on floating-rate loans |
Union Bank of India Interest Rates, August 2026
By product, CIBIL score & applicant type
| CIBIL Score | Salaried | Self Employed |
|---|---|---|
| New to credit | 7.35% onwards | 7.35% onwards |
| 800 and above | 7.15% onwards | 7.15% onwards |
| 700–749 | 7.75% onwards | 7.85% onwards |
| 750–799 | 7.35% onwards | 7.35% onwards |
| CIBIL Score | Salaried | Self Employed |
|---|---|---|
| New to credit | 7.35% onwards | 7.35% onwards |
| 800 and above | 7.15% onwards | 7.15% onwards |
| 700–749 | 7.75% onwards | 7.75% onwards |
| 750–799 | 7.35% onwards | 7.35% onwards |
| CIBIL Score | Salaried | Self Employed |
|---|---|---|
| New to credit | 7.60% onwards | 7.60% onwards |
| 800 and above | 7.40% onwards | 7.40% onwards |
| 700–749 | 7.75% onwards | 7.85% onwards |
| 750–799 | 7.60% onwards | 7.60% onwards |
Starting rates for each CIBIL band. Women primary applicants get 0.05% lower. Your final rate also depends on the loan amount, property and profile. Updated 11 Aug 2026.
Fees & Charges
Union Bank of India vs Similar Lenders
Public sector banks with the closest rates
| Lender | Best Suited For | Interest Rate |
|---|---|---|
| Union Bank of India (this page) | Public sector bank | 7.15% onwards |
| Bank of India | Public sector bank | 7.10% onwards |
| Canara Bank | Public sector bank | 7.20% onwards |
| Central Bank of India | Public sector bank | 7.20% onwards |
Union Bank of India Home Loan EMI Calculator
Move the sliders to see how the loan amount, interest rate and tenure change your monthly EMI and total interest outgo at Union Bank of India's rates.
Illustrative calculation based on the selected rate. The rate defaults to 7.15% p.a., the best applicable starting rate. Your actual EMI depends on the rate offered to you.
A ₹50 lakh Union Bank of India home loan over 20 years at 7.15% costs ₹39,216 a month, or ₹44,11,939 in total interest. Every 0.25% higher adds about ₹758 a month.
Union Bank of India Home Loan FAQs
What is the Union Bank of India home loan interest rate?
Union Bank of India home loan rates start at 7.15% p.a. for the strongest credit profiles and rise for lower CIBIL scores, and women primary applicants get 0.05% lower. Your final rate also depends on the loan amount, property and income.
Can I prepay my Union Bank of India home loan without charges?
Yes, on a floating-rate home loan. RBI rules do not allow Union Bank of India to charge individual borrowers for part-prepayment or foreclosure of floating-rate home loans.
How much of the property value will Union Bank of India fund?
Union Bank of India funds up to 75% of the property's value, within RBI's caps (up to 90% for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh). You pay the rest as your own contribution.
Rates updated 11 Aug 2026 from Butter's lender rate data. Final terms are set by Union Bank of India at sanction. Source: Union Bank of India.