In 2022, Union Bank of India offered home loan interest rates that typically ranged between 8.00% to 9.50% per annum, depending on factors such as:
-
Loan amount
-
Repayment tenure
-
Borrower’s credit score
-
Type of interest rate (fixed or floating)
-
Gender (female borrowers often got slightly lower rates)
Key Points About Union Bank Home Loans in 2022:
-
Floating Rates: Most home loans had floating rates linked to RLLR (Repo Linked Lending Rate) or MCLR.
-
Margins: The bank added a spread over the benchmark rate.
-
Special Offers: Discounts were sometimes available for government employees or during festive seasons.
For exact historical rates, you may check:
-
Union Bank’s official website (archive.org for past rates)
-
RBI’s historical bank rate publications
-
Financial news archives (e.g., Economic Times, Moneycontrol)
Would you like help finding current (2024) rates or a loan comparison?
