Union Bank of India
Union Bank of India (UBI) is one of India’s largest public sector banks, offering a comprehensive range of financial products for individuals, MSMEs, farmers, and corporates. The bank provides Home Loans, Personal Loans, Vehicle Loans, Education Loans, Business Loans, Gold Loans, and Loan Against Property with competitive interest rates and flexible repayment options. It also offers digital banking services, online loan applications, and EMI calculators.
Contact With BorrowRight
Union Bank Loan Interest Rates
| Loan Type | Interest Rate (p.a.) | Processing Fee | Loan Amount | Repayment Tenure |
|---|---|---|---|---|
| Home Loan | Starting from 7.15% | As per bank scheme (often concessional or waived on select products) | Up to 90% of property value | Up to 30 Years |
| Personal Loan | Starting from 8.75% | Up to 1% + GST | Based on eligibility | Up to 84 Months (7 Years) |
| Business Loan | Starting from 9.00% | As per scheme | Based on business eligibility | Up to 84 Months |
| Vehicle Loan | Starting from 7.50% | As per bank policy | Based on vehicle value | Up to 7 Years |
| Education Loan | Starting from 8.20% | Generally Nil or as per scheme | Based on eligibility | Up to 15 Years |
| Loan Against Property | Starting from 9.25% | As per bank policy | Based on property value | Up to 15 Years |
Eligibility Criteria
Salaried Applicants
- Age: 21–60 years
- Stable monthly income
- Good credit score (preferably 750+)
- Regular employment
Self-Employed Applicants
- Age: 21–65 years
- Stable business income
- Minimum business continuity as per bank policy
- Good repayment history
Documents Required Union Bank Of India
Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving Licence
- Voter ID
Address Proof
- Aadhaar Card
- Passport
- Utility Bill
Income Proof
For Salaried
- Last 3 Salary Slips
- Bank Statements (3–6 months)
- Form 16
For Self-Employed
- Last 2–3 Years ITR
- GST Registration (if applicable)
- Financial Statements
- Bank Statements
Loan Charges
| Charge | Details |
|---|---|
| Processing Fee | Varies by loan product and scheme. |
| Documentation Charges | Applicable for selected loan products. |
| Late Payment Charges | Charged on overdue EMIs as per the loan agreement. |
| Foreclosure/Prepayment Charges | Generally Nil for floating-rate home loans for individual borrowers; other products may have applicable charges. |
| EMI Bounce Charges | Applicable if EMI payment fails due to insufficient funds. |
| Penal Interest | Charged on overdue loan amounts as per bank policy. |
| GST & Government Taxes | Applicable on processing fees and other service charges. |
Why Choose Union Bank of India?
- ✔ Competitive interest rates
- ✔ Fast loan processing
- ✔ Minimal documentation
- ✔ Flexible EMI repayment options
- ✔ Online loan application
- ✔ Home Loan balance transfer facility
- ✔ Wide branch and ATM network
- ✔ Secure internet and mobile banking
- ✔ Transparent loan process
- ✔ Trusted public sector bank
Why Choose BorrowRight?
At BorrowRight, we make finding the right loan simple, transparent, and hassle-free. Instead of approaching multiple banks individually, you can compare loan options from leading lenders and choose the one that best fits your financial needs. Our experienced loan advisors guide you throughout the process, ensuring a smooth and stress-free borrowing experience.
Our Key Advantages
Multiple Bank & NBFC Partners – Compare loan offers from leading banks and financial institutions in one place.
Expert Loan Advisors – Receive personalized guidance to choose the most suitable loan.
Competitive Interest Rates – Access attractive interest rates based on your eligibility.
Fast Loan Processing – Quick application review and faster approvals.
100% Transparent Process – No hidden charges and clear communication at every step.
Minimal Documentation – Simple paperwork to make the application process easier.
Personalized Loan Solutions – Recommendations based on your income, credit profile, and financial goals.
End-to-End Support – Assistance from application submission to loan disbursal.
Secure & Confidential – Your personal and financial information is handled with strict confidentiality.
Free Loan Consultation – Speak with our experts before making a borrowing decision.