Union Bank · public sector bank
Union Bank of India home loan interest rates
We could not confirm Union Bank of India's own rate card. Rates reported by cleartax.in: from 8.35% for new loans (checked 18 Oct 2026). Its floating rate follows the RBI repo rate, now 5.50%. To move an existing loan to a lower rate with Union Bank, the fee is about ₹23,600 with GST on a ₹50 lakh loan, an estimate: Union Bank does not publish it.
Checked 18 Oct 2026 · Union Bank's rate page
- Rate for new loans
- From 8.35%
- Not from its rate card
- RBI repo rate
- Follows it
- Repo now 5.50%
- Fee to lower rate
- ₹23,600 est.
- ₹50 lakh loan, with GST
- Checked
- 18 Oct
- 2026
Rates for new loans
- Score 800 and above8.35%
- Score 750 to 7998.50%
- Score 700 to 7499.10%
- Score 650 to 6999.40%
Source: cleartax.in · checked 18 Oct 2026 · from a comparison site, not the official site
How the rate moves
Union Bank's floating home loan rate follows the RBI repo rate through its EBLR (repo-linked), so it moves when the RBI changes the repo rate.
Follows the RBI repo rate (adopted as the external benchmark from 1 Oct 2019).
How to ask Union Bank for a lower rate
If you already have a loan with Union Bank, you can ask it in writing to move you to its current rate. It is a request, and the lender decides.
- Visit your home branch or Union Samriddhi centre with a written request to align your rate with the current EBLR card rate for your score.
- Ask for written confirmation of the fee and an SR number.
These steps are what borrowers report; Union Bank's own site does not set them out. Ask your branch to confirm.
The fee: about ₹23,600 with GST on a ₹50 lakh loan. Not published on the pages checked. Figures are indicative; ask the branch for the written fee.
Paying off early
For loans sanctioned or renewed on or after 1 January 2026, no bank, NBFC or housing finance company may charge for part or full pre-payment of a floating-rate loan taken by an individual for non-business purposes, whatever the source of funds and with no lock-in. Older floating-rate home loans were already protected by RBI's 2012 and 2014 circulars (banks) and NHB directions (HFCs). Any charge not written in your sanction letter or Key Facts Statement cannot be levied.
Where to complain
Complain to Union Bank first and keep the reference number it gives you.
If there is no reply within 30 days, or the reply does not satisfy you, you can complain to the RBI Ombudsman for free within 90 days after that (or after the lender's last reply, if later): online at cms.rbi.org.in, by email to [email protected], or by post.
After Union Bank, the next step is the RBI Ombudsman. It is free and you do not need a lawyer.
Questions people ask
What is Union Bank of India's home loan interest rate?
We could not confirm Union Bank of India's own rate card. Rates reported by cleartax.in: from 8.35% for new loans (checked 18 Oct 2026). The rate you get depends on your credit score and loan, and Union Bank decides the final rate.
Does Union Bank of India's home loan rate change when the RBI changes the repo rate?
Union Bank's floating home loan rate follows the RBI repo rate through its EBLR (repo-linked), so it moves when the RBI changes the repo rate. Follows the RBI repo rate (adopted as the external benchmark from 1 Oct 2019).
How do I get a lower rate on my existing Union Bank of India home loan?
Ask Union Bank in writing to move your loan to its current rate. Visit your home branch or Union Samriddhi centre with a written request to align your rate with the current EBLR card rate for your score. Ask for written confirmation of the fee and an SR number. The fee is about ₹23,600 with GST on a ₹50 lakh loan, an estimate: Union Bank does not publish it. A lower rate is a request: the lender decides.
Can Union Bank of India charge me for paying off my home loan early?
No, not on a floating-rate home loan. For loans sanctioned or renewed on or after 1 January 2026, no bank, NBFC or housing finance company may charge for part or full pre-payment of a floating-rate loan taken by an individual for non-business purposes, whatever the source of funds and with no lock-in. Older floating-rate home loans were already protected by RBI's 2012 and 2014 circulars (banks) and NHB directions (HFCs). Any charge not written in your sanction letter or Key Facts Statement cannot be levied.
Where do I complain if Union Bank of India does not reply?
Complain to Union Bank first through its complaints page ([email protected]). If there is no reply within 30 days, or the reply does not satisfy you, you can complain to the RBI Ombudsman for free within 90 days after that (or after the lender's last reply, if later): online at cms.rbi.org.in, by email to [email protected], or by post.
Compare with other lenders
- State Bank of Indiafrom 7.50%
- Punjab National Bankfrom 7.45%
- Bank of Barodafrom 7.40%
- Canara Bankfrom 7.40%
Moving your loan to Union Bank from another lender: a processing fee of about ₹29,500 with GST on a ₹50 lakh loan, an estimate from cleartax.in, not confirmed by Union Bank, plus stamp duty in some states.
Words on this page
- RBI repo rate:
- the rate the Reserve Bank of India sets for lending to banks. Many home loan rates move with it.
- EBLR:
- External Benchmark Lending Rate: a bank rate that follows the RBI repo rate.
- SR number:
- service request number: the reference the bank gives your request. Keep it.
- GST:
- Goods and Services Tax: 18% on bank fees.