Union Bank of India cuts home loan rates to 6.40%

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Union Bank of India announces reduction in its home loan interest rates with minimum rate of interest now starting at 6.40 per cent,the bank said in a release. Union Bank said it is the all-time low rate for home loans for the bank.

 

NEW DELHI: State-owned Union Bank on Tuesday announced reducing its home loan rates to its all-time low of 6.40 per cent.T The reduced rate will be effective from 27th October 2021.

 

Union Bank of India announces reduction in its home loan interest rates with minimum rate of interest now starting at 6.40 per cent, the bank said in a release. Union Bank said it is the all-time low rate for home loans for the bank.

 

The new rates will be applicable to customers applying for new loans or those who wish to transfer their existing loans including balance transfers.