What the bank advertises, the most it can charge, and what decides where you land in between. Union Bank of India advertises its home loan from 7.15% p.a. onwards and can charge up to 9.35% for this product. The advertised figure is a starting rate, not an offer.
The rate
| Advertised rate | Maximum rate | Terms | Processing fee |
|---|---|---|---|
| 7.15% | 9.35% | Repo-linked (EBLR) | 0.50%, max ₹15,000 + GST |
Updated 17 Sep 2026 · Lender rate pages, checked individually
Union Bank of India advertises from 7.15% and can charge up to 9.35% for this product — a range of 2.20%. Where you land is set by your credit score, your down payment and your income type, not by bargaining, so raising your score before you apply is usually the cheapest lever available. Our guide on how to improve your credit score covers what actually moves it.
The fee is quoted before tax. Add 18% GST to the processing fee to get what you actually pay, and budget separately for stamp duty, registration and valuation, which the bank passes on at cost. To see what the difference between 7.15% and 9.35% is worth in rupees on your own loan amount and tenure, run both through the EMI calculator.
How it compares
Union Bank of India is the joint cheapest of the 12 providers we track for this product, level with Canara Bank and LIC Housing Finance at 7.15%. The full table of home loan interest rates puts every lender on the same dated basis.
Other PSU banks
| Bank | Advertised home loan rate |
|---|---|
| Canara Bank | 7.15% |
| Bank of Baroda | 7.20% |
| Punjab National Bank | 7.25% |
| State Bank of India | 7.25% |
Updated 17 Sep 2026 · Lender rate pages, checked individually
Terms change without notice. Confirm the current figures with Union Bank of India before you act.
Sources
- Lender rate pages, checked individually — as of 17 Sep 2026
Related reading
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