Union Bank of India Home Loan EMI Calculator & Rates
Union Bank of India provides home loans with low starting rates and CIBIL-linked pricing for different borrower profiles.
Calculate your exact monthly EMI and total interest at Union Bank of India
Union Bank of India rates start at 7.15%
How your credit score influences your actual interest rate
| CIBIL Score Bracket | Indicative Interest Rate | Eligibility Outlook |
|---|---|---|
| 750 – 900 (Excellent) | 7.15% p.a. | Fastest approval, lowest spread, zero premium |
| 700 – 749 (Good) | 7.40% – 7.65% | Standard sanction with regular margin |
| 650 – 699 (Fair) | 7.80% – 8.25% | Higher risk spread applied; proof of stable income required |
| < 650 (Poor / New to Credit) | Up to 10.5% | May require a credit-worthy co-applicant or guarantor |
* Exact rate depends on borrower employment profile (salaried vs self-employed), loan amount slab, and loan-to-value (LTV) ratio.
Key Features
- CIBIL-based pricing
- Green home loans
- Special schemes
Special Schemes & Offers
- Limited-period lower spreads
- Green building loan benefits
Advantages
- Low starting rates
- CIBIL-linked pricing
- Green building benefits
Considerations
- Manual processes
- Limited digital features
- Age: 18-65 years
- Minimum income: ₹12,000 per month
- CIBIL Score: 650+ acceptable
- Regular income source
- KYC documents
- Income proof
- Bank statements
- Property documents
- Employment verification
Apply directly through the official bank portal or compare with other top Indian banks
What is the current Union Bank of India home loan interest rate?
Union Bank of India home loan interest rates currently start from 7.15% p.a. and range up to 10.5% p.a.. Floating rates are benchmarked to external lending rates (repo rate) and determined by your CIBIL score, loan amount, and income stability.
How is Union Bank of India home loan EMI calculated?
Union Bank of India calculates monthly EMI using the standard reducing balance method: EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]. Use our live calculator above to compute monthly installments for any custom loan amount and tenure up to 30 years.
What is the maximum loan amount I can get from Union Bank of India?
Union Bank of India sanctions loans up to ₹15 Crores. Individual eligibility depends on your monthly net disposable income, existing liabilities, and property valuation (typically financing 75% to 90% of agreement value).
Can I prepay or foreclose my Union Bank of India home loan without penalties?
Yes. As per Reserve Bank of India (RBI) regulations, there are zero prepayment or foreclosure charges on floating-rate home loans availed by individual borrowers. You can make part-prepayments anytime to reduce your total interest and tenure.
Does Union Bank of India offer a top-up loan facility?
Yes, existing Union Bank of India home loan customers with a satisfactory repayment track record (generally 6–12 months) are eligible for top-up loans at attractive rates. Top-up funds can be utilized for home renovation, weddings, medical emergencies, or education.
Are there special interest rate concessions for women borrowers?
Yes, Union Bank of India provides interest rate concessions (typically 0.05% discount) when a woman is the sole applicant or primary co-applicant and property co-owner.
• All information provided is for reference purposes and is regularly updated in line with RBI circulars.
• Interest rates, processing fees, and terms are indicative and subject to individual credit assessment by Union Bank of India.
• Please verify specific sanction terms with Union Bank of India before executing any legal agreement.