In 2021, Union Bank of India’s home loan interest rates varied based on factors like loan amount, tenure, and the borrower’s profile (salaried, self-employed, etc.). Here’s a general overview of their 2021 home loan interest rates:
Union Bank Home Loan Interest Rates (2021)
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Range: Approximately 6.70% to 7.80% p.a. (floating rate, linked to RLLR/Repo Rate).
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For loans up to ₹30 lakh: ~6.70% – 7.25% p.a.
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For loans above ₹30 lakh: ~7.00% – 7.80% p.a.
Key Factors Affecting Rates:
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Repo-Linked Lending Rate (RLLR): Union Bank’s rates were tied to the RBI’s repo rate in 2021.
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Credit Score: Better scores (750+) often secured lower rates.
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Loan Tenure: Typically up to 30 years.
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Special Schemes: During festivals or promotional periods, discounts may have been offered.
Note:
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Rates in 2021 were relatively low due to the RBI’s accommodative stance post-COVID.
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For exact historical rates, you may check Union Bank’s archive or contact their customer care.
Would you like help with current (2024) rates or a comparison with other banks?
