Free Processing Charges: Has been started by the bank from August 16, 2023 to November 15, 2023. Even if you get your home loan or car loan transferred from another bank / NBFC, you will get the benefit of this discount.
Home Loan Interest Rate: If you are planning to take home loan or auto loan then this news will make you happy. Yes, Union Bank of India has announced a 100 percent waiver on processing fee for new customers taking home loans / four and two-wheeler loans. This facility is being given by the bank to those with a credit score of 700 or more.
Facility will be available till 15 November
This offer has been started by the bank from August 16, 2023 to November 15, 2023. Even if you get your home loan or car loan transferred from another bank / NBFC, you will get the benefit of this discount. This facility has been given by the bank at a time when RBI has decided to maintain the repo rate at 6.5 percent in the last days.
Interest on FD
Apart from this, interest on FD is being paid by Union Bank of India to the customers at the rate of 3 to 7 percent per annum. Apart from this, additional interest of 50 basis points is being given to senior citizens. You can get bank FD for a period ranging from 7 days to 10 years. Apart from this, 6.70% interest is being given annually on tax saving FD by Union Bank. Senior citizens are being given 7.20% interest per annum on FDs with a period of 5 to 10 years.
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