Union Bank of India Home Loan Interest Rate — 16th September 2026

Q: What home loan interest rate does Union Bank of India charge?

Union Bank of India publishes home loan rates from 7.15% to 9.35% , read from its own rate page on 16 September 2026. Union Bank of India states the rate took effect on 24 July 2026. The rate you’re offered depends on Union Bank of India’s assessment of your application.

Q: How long can a Union Bank of India home loan run?

Union Bank of India publishes a maximum term of 30 years , with an age condition of 18 to 75. On ₹60 lakh at 7.15%, stretching to the full term costs ₹40,524 a month, against ₹54,434 over 15 years.

Q: How much is the monthly EMI on ₹60 lakh at Union Bank of India?

At 7.15%, ₹60 lakh costs ₹47,060 a month over 20 years, or ₹54,434 over 15 years. At the top of Union Bank of India’s range, 9.35%, the 20-year EMI is ₹55,341.

Public sector bank

The lowest home loan interest rate Union Bank of India publishes is 7.15%, and its range runs to 9.35%. We read Union Bank of India’s rate page on 16 September 2026; this page reproduces what it says, explains the parts that matter, and turns the rates into EMIs you can plan around.

Starting rate

7.15%

Top of published range

9.35%

Benchmark

EBLR 8.00%

Effective from

24 July 2026

Read from Union Bank of India’s own website on 16 September 2026. Source and method

Union Bank of India home loan interest rate card

By credit score (CIC)

Credit score	Borrower	Rate
825 and above	All	7.15%
750 and above	Government / PSU employees	7.15%
800 – 824	All	7.20%
750 – 799	Salaried / professional	7.35%
750 – 799	Non-salaried	7.40%
700 – 749	Salaried: male / female	7.75% / 7.70%
700 – 749	Non-salaried: male / female	7.85% / 7.80%
680 – 699	Salaried: male / female	8.00% / 7.95%
680 – 699	Non-salaried: male / female	8.10% / 8.05%
650 – 679	All	8.85%
600 – 649	All	9.35%

Card effective 24 July 2026. Rates are EBLR plus or minus a spread for each band.

What Union Bank of India’s interest rate card tells you

Union Bank publishes one of the more detailed cards among public sector banks, effective 24 July 2026. A score of 825 or more gets 7.15%, and government or PSU employees reach the same rate from a score of 750. Below 750 the grid starts separating borrowers by employment and by gender: a salaried woman scoring 700–749 pays 7.70% where a salaried man pays 7.75%, and non-salaried applicants pay another 0.10%. The real cliff is at 680. From 650 to 679 the rate jumps to 8.85% — 0.85% above the salaried rate one band up.

Ranked by published starting rate, Union Bank of India comes joint 5th of 48 — joint 4th within the 11 public sector banks we track. At 7.15%, Union Bank of India’s starting rate sits 1.90 points over the RBI repo rate of 5.25%. On a ₹60 lakh loan over 20 years, the two ends of Union Bank of India’s range are ₹8,281 a month apart.

EMI at Union Bank of India’s home loan interest rate

Monthly EMI at Union Bank of India’s starting rate of 7.15%. These are the best case — if you’re quoted above the floor, your EMI will be higher.

Loan amount	10 years	15 years	20 years	25 years	20 yrs at 9.35%
₹25 lakh	₹29,221	₹22,681	₹19,608	₹17,909	₹23,059
₹40 lakh	₹46,753	₹36,289	₹31,373	₹28,655	₹36,894
₹60 lakh	₹70,130	₹54,434	₹47,060	₹42,983	₹55,341
₹90 lakh	₹1,05,195	₹81,651	₹70,590	₹64,474	₹83,012

Reducing-balance EMI, before processing fees and insurance. Run your own numbers →

Union Bank of India against lenders priced nearby

Union Bank of India next to the lenders priced nearest to it. EMI is on ₹60 lakh over 20 years at each lender’s starting rate.

Lender	Published rate	EMI, ₹60 lakh / 20 yrs	vs Union Bank of India
Union Bank of India Public sector bank	7.15% – 9.35%	₹47,060	—
Canara Bank Public sector bank	7.15% – 10.00%	₹47,060	same
Indian Bank Public sector bank	7.15% – 9.15%	₹47,060	same
UCO Bank Public sector bank	7.15% – 9.25%	₹47,060	same
LIC Housing Finance Housing finance company	7.15% – 10.30%	₹47,060	same

All 48 lenders → Filter and compare → Lowest rates →

What moves your rate at Union Bank of India

If you work for the government or a PSU, Union Bank’s best rate of 7.15% opens up from a score of 750 — 75 points lower than every other borrower needs.
Keep credit card balances well below their limits in the months before applying. How much of your limit you use is one of the fastest-moving parts of a score, and one of the easiest to fix.
A bigger down payment helps at almost every lender: it lowers the loan-to-value ratio and the loan size at once, and both feed into pricing.

Union Bank of India home loan fees and charges

Processing fee	0.50% of the loan amount, maximum ₹15,000, plus GST. On a ₹60 lakh loan, that comes to ₹15,000, before GST.
Prepayment and foreclosure	None on floating-rate loans. On fixed-rate loans, none from your own funds; 2% of the average balance over the past year if another lender takes the loan over.
Switching floating to fixed	₹10,000 plus GST up to ₹50 lakh; ₹15,000 plus GST above
Deviation from lending norms	0.10% of the loan, minimum ₹500, maximum ₹5,000

Valuation, legal, stamp duty and CERSAI charges are passed on at actual cost.

Source: Union Bank of India’s own schedule of charges, read on 16 September 2026: https://www.unionbankofindia.bank.in/en/details/union-home

Who Union Bank of India lends to

Who can apply	Indian citizens and NRIs, applying alone or jointly.
Age	18 to 75
Longest term	30 years
Loan amount	No cap for buying or building; ₹30 lakh for repairs and renovation
Women borrowers	0.05% lower rate for women with credit scores of 680 to 749

Source: Union Bank of India’s home loan page, read on 16 September 2026. Meeting these criteria doesn’t guarantee approval. https://www.unionbankofindia.bank.in/en/details/union-home

Union Bank of India home loan interest rate — common questions

What home loan interest rate does Union Bank of India charge?

Union Bank of India publishes home loan rates from 7.15% to 9.35%, read from its own rate page on 16 September 2026. Union Bank of India states the rate took effect on 24 July 2026. The rate you’re offered depends on Union Bank of India’s assessment of your application.

How much does Union Bank of India charge to process a home loan?

0.50% of the loan amount, maximum ₹15,000, plus GST. On a ₹60 lakh loan, that comes to ₹15,000, before GST. Valuation, legal, stamp duty and CERSAI charges are passed on at actual cost.

How long can a Union Bank of India home loan run?

Union Bank of India publishes a maximum term of 30 years, with an age condition of 18 to 75. On ₹60 lakh at 7.15%, stretching to the full term costs ₹40,524 a month, against ₹54,434 over 15 years.

How much does a lower credit score cost at Union Bank of India?

Yes. Union Bank of India’s published card runs from 7.15% for its strongest profile to 9.35% for its weakest — 2.20 points at the extremes, or ₹8,281 a month on ₹60 lakh over 20 years. The full grid is in the rate card above.

How much is the monthly EMI on ₹60 lakh at Union Bank of India?

At 7.15%, ₹60 lakh costs ₹47,060 a month over 20 years, or ₹54,434 over 15 years. At the top of Union Bank of India’s range, 9.35%, the 20-year EMI is ₹55,341.

Is the Union Bank of India home loan interest rate floating or fixed?

The home loan interest rate Union Bank of India publishes is floating. Union Bank of India quotes its home loan rates against EBLR, currently 8.00% (repo 5.25% + 2.75%). When the benchmark moves, floating rates linked to it move with it; the spread Union Bank of India adds for your profile generally stays the same.

How does Union Bank of India compare with Canara Bank?

Canara Bank disclosed a lowest rate of 7.15%, against 7.15% at Union Bank of India — the same starting rate. Starting rates alone won’t separate them. Compare the full rate cards and get a written quote from each before deciding.

Where these figures come from

Source: Union Bank of India’s own interest rate page, read by BankCreds on 16 September 2026: https://www.unionbankofindia.bank.in/pdf/retail_roi.pdf

Union Bank of India states the rate took effect on 24 July 2026.

This is the first reading in our Union Bank of India rate history, taken on 16 September 2026, and future changes will be dated from it. The fees and eligibility shown were read from Union Bank of India’s own schedule of charges and product pages.

Rates are what Union Bank of India publishes, not an offer: the rate you’re quoted is set by Union Bank of India after it assesses your application. How we collect and check rates →