Union Bank Home Loan Interest Rates 2024: Your Pathway to Affordable Homeownership

Owning a home is a significant milestone, and Union Bank of India is here to make your dream a reality. With competitive home loan interest rates starting at 8.70% p.a., Union Bank ensures that your journey to homeownership is not only fulfilling but also financially feasible. Let's delve into the updated Union Bank home loan interest rates for January 2024 and explore the schemes designed to meet diverse housing needs.

Union Home/Awas Loan:

Interest Rate: 8.70% – 10.80% Union Bank's flagship housing loan scheme, Union Home/Awas, caters to a wide range of homebuyers. Whether you're a first-time homebuyer or looking to upgrade, this scheme offers affordable interest rates, making your homeownership journey smoother. Union Bank can cover up to 80% of the property's value, subject to certain conditions.

Union Smart Save: 

Interest Rate: 9.35% – 10.95% The Union Smart Save home loan is designed for those who seek flexibility and cost-effectiveness. With interest rates starting at 9.35% p.a., this scheme provides a balance between affordability and features. Explore the benefits of Union Smart Save and find a tailored solution for your home financing needs.

Commercial Real Estate Loan: 

Interest Rate: 9.35% – 9.70% For those venturing into the realm of commercial real estate, Union Bank offers competitive interest rates with its Commercial Real Estate Loan. Whether you're investing in a new office space or a commercial property, this scheme provides financial support with rates ranging from 9.35% to 9.70% p.a.

Union Mortgage: 

Interest Rate: 10.60% – 13.15% If you're a borrower with specific mortgage needs, Union Mortgage offers a comprehensive solution. While interest rates start at 10.60% p.a., the scheme provides the necessary flexibility and support for various mortgage requirements. Explore Union Mortgage and unlock the potential for your property-backed financial needs.

Women’s Home Loan: 

Interest Rate: 8.70% – 10.45% Union Bank recognizes and celebrates the spirit of women homeowners with the Women’s Home Loan scheme. Enjoy attractive interest rates starting at 8.70% p.a., making your homeownership journey not just affordable but empowering. This scheme is tailored to meet the unique needs and aspirations of women homebuyers.

Credit Score Requirement: 

Union Bank evaluates the creditworthiness of loan applicants, requiring a credit score of 600 or higher to offer loans. Maintaining a healthy credit score enhances your eligibility for favorable Union Bank home loan terms.

Conclusion: 

Union Bank Home Loan Interest Rates for January 2024 bring you a step closer to your dream home. With a commitment to affordability, flexibility, and inclusivity, Union Bank's home loan schemes cater to a diverse range of homebuyers. Don't miss the opportunity to explore these competitive interest rates and turn your homeownership dreams into reality. Check out propty for your dream home and embark on this exciting journey with Union Bank by your side.