Union Bank of India Home Loan Schemes
| Interest rate for floating rate home loan | 6.80% to 7.40% p.a. |
|---|---|
| Interest rate for fixed rate home loan (up to 5 years) | 11.40% to 12.65% p.a. |
| Processing fee | 0.50% of the loan amount |
Beside this, what is the interest rate of Union Bank?
Interest Rates – Deposit
| Period | < Rs. 2 Cr |
|---|---|
| 91 – 120 Days | 4.25 |
| 121 to 180 Days | 4.30 |
| 181 Days to <1 Year | 4.50 |
| 1 Year | 5.25 |
| Loan Amount | Interest rate | EMI |
|---|---|---|
| Rs.20 lakh | 6.75%* | Rs.17,551 |
Furthermore, which bank is best for home loan SBI or Union Bank?
SBI offers lower Home Loan EMI at ? 645 on a Home Loan for 30 Years as compared to Union Bank of India with a minimum EMI of ? 751 for 30 Years. Average customer ratings for SBI is currently at 4.2/5.0 which makes it a good choice for taking a Home Loan.
Which bank is best for home loan?
Best Banks Which Offers Home Loans in India
| S.No | Bank Name | Market Percentage |
|---|---|---|
| 1 | SBI Home Loan | 34.00% |
| 2 | HDFC Ltd | 24.13% |
| 3 | LIC Housing | 05.83% |
| 4 | ICICI Bank | 13.10% |
Which bank give more home loan?
| Banks | Loan to Property Value | Interest Rates |
|---|---|---|
| State Bank Of India (SBI) | 75% – 90% | 6.70% – 6.75% |
| Union Bank of India | 65% – 80% | 6.70% – 7.10% |
| HDFC Ltd | 75% -80% | 6.75% – 7.15% |
| ICICI Bank | Upto 85% | 6.75% – 7.55% |
Which bank is best for monthly interest?
Banks or NBFCs with high returns are considered the best option for monthly income schemes. SBI, HDFC Bank, PNB Housing Finance and Bajaj Finserv are some of the top banks or NBFCs for the monthly interest FD schemes.
Which bank interest rate is high?
Best FD Interest Rates in India
| FD Tenure | Highest FD Rate | Banks with highest FD rate |
|---|---|---|
| 1 year FD | 6.50% | IndusInd Bank, RBL Bank, Ujjivan Small Finance Bank |
| 2 year FD | 6.50% | IndusInd Bank, Jana Small Finance Bank, RBL Bank, Ujjivan Small Finance Bank, Yes Bank |
| 3 year FD | 6.65% | Equitas Small Finance Bank |
| 5 year FD | 6.70% | India Post Office |
Which bank is best for savings account?
Top Banks that have the Best Savings Account for Individuals
- State Bank of India (SBI) Savings Account.
- HDFC Bank Savings Account.
- Kotak Mahindra Bank Savings Account.
- DBS Bank Savings Account.
- RBL Bank Savings Account.
- IndusInd Bank Savings Account.
How much interest will I get for 20 lakhs?
Formula of Calculation of EMI
| Loan amount | Interest Rate | EMI per month |
|---|---|---|
| 5 Lakh | 8.35% | Rs. 6,159 |
| 10 Lakh | 8.50% | Rs. 9,847 |
| 15 Lakh | 8.60% | Rs. 13,112 |
| 20 Lakh | 8.70% | Rs. 17,610 |
How can I get home loan upto 20 lakhs?
Banks which are offering
| SBI | 6.80 – 7.70% |
|---|---|
| Axis Bank | 7.75 – 8.40% |
| Bank of Baroda | 6.85 – 7.85% |
| Canara Bank | 6.90 – 8.90% |
| Aadhar Home loan | N.A |
How much loan I can get if my salary is 25000?
Most lenders determine the maximum loan amount up to 10 times of your monthly salary. If you earn Rs. 25,000 per month, you may become eligible for up to Rs. 2.5 Lakhs.
How is Home Loan EMI calculated?
The EMI (or Equated Monthly Instalment) of your loan consists of the principal portion and the interest. Therefore, EMI = principal amount + interest paid on the loan. … Remember, the interest rate and your loan tenure are the vital deciding factors for your loan EMI.
What is EBLR banking?
EBLR stands for External Benchmark Lending Rate. SBI has adopted Repo Rate as the external benchmark to link its floating rate home loans with effect from 01.10.
How do I know if I qualify for a home loan?
Home Loan Eligibility Criteria
- Present Age and Remaining Working Years: The age of the applicant plays a major role in determining home loan eligibility. …
- Age Limit for Salaried Individuals: 21 to 65 years .
- Age Limit for Self-Employed Individuals: 21 to 65 years.
- Minimum Salary: ?10,000 p.m.