Union Bank of India cut home loan rates: Earlier this rate was 6.80 percent. The newly reduced home loan rate will be applicable from October 27, 2021.
Union Bank of India cut home loan rates: Public sector Union Bank of India has announced a bang offer to home buyers this festival. The bank has directly cut its rate by 0.40 percent. Union Bank of India has announced a reduction in the interest rates of its home loan (Union Bank of India home loan) with minimum interest rate starting from 6.40%. Earlier this rate was 6.80 percent. The newly reduced home loan rate will be applicable from October 27, 2021.
Which customers will benefit
According to the news, the new rates will be applicable to those customers who are applying for a new loan or who want to transfer their existing loan including balance transfer. According to the bank, customers will benefit from this offer during the festive season as there is a growing demand for home buying. With this reduced interest rate, Union Bank of India’s home loan rate has become one of the lowest in the industry.
Lowest interest rate among all banks
The interest rate of 6.40% for home loan is the lowest among all the banks, yet the most festive of Bank of Baroda and Bank of India with 6.50% interest rate. Home loan offers are made in season
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