🇮🇳 India

Union Bank of India Last updated2026-05-28

Union Bank of India EMI Calculator 2026 rates.

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Quick answer

Union Bank of India home loan rate starts at 8.5% (typical 8.75%) as of 2026. A ₹50 lakh loan at 8.75% over 20 years = an EMI of approximately ₹44,186/month.

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EMI Calculator

Live

Loan Amount

₹

₹25.00 L

Interest Rate (p.a.)

Tenure (years)

Monthly EMI

₹21,696

/month

Total Interest

₹27.07 L

52% of total

Total Payable

₹52.07 L

over 20 years

Principal vs Interest Split

48% principal

52% interest

✨ Live · For home, personal, auto, education loans · Excludes processing fees

📊 Current rates

Union Bank of India loan rates (May 2026)

🏠 Home Loan

8.5–10.5%

typical: 8.75% p.a.

💵 Personal Loan

10.85–16.85%

typical: 12.65% p.a.

🚗 Car Loan

8.9–11.5%

typical: 9.35% p.a.

💳 Processing Fee

0.50% of loan amount (max ₹15,000 for home loans).

🔁 Prepayment

Zero on floating-rate retail home loans. 1-2% on fixed-rate.

About Union Bank of India

Why choose Union Bank of India?

Union Bank of India is one of India's major PSBs after the 2020 merger with Andhra Bank and Corporation Bank. It now operates around 8,500 branches with strong presence across Andhra Pradesh (Andhra Bank legacy), Maharashtra, Karnataka, and Kerala (Corporation Bank legacy). Total advances around ₹9 lakh crore — the 5th largest PSB after SBI, PNB, BoB, Canara. The home loan book is around ₹1.1 lakh crore growing at ~18%/yr.

🎯 Unique angle

Union Bank has the deepest PSU presence in coastal Andhra Pradesh, coastal Karnataka, and Telangana — branch density inherited from the Andhra Bank and Corporation Bank merger means Union Bank is often the only major PSB within 20km in many tier-3 South Indian towns. For Andhra Pradesh and Telangana home buyers, particularly in tier-2/3 cities, Union Bank is typically the rate leader.

Product highlights

✓ Union Home Loan: 8.50-9.50% repo-linked floating rate
✓ Union Awas: PMAY-CLSS focused affordable housing product
✓ Union NRI Home Loan with Andhra/Telugu NRI corridor focus
✓ Union Smart Loan: home loan + overdraft hybrid
✓ Union Sangam Home Loan: special women-borrower discount tier

❓ Union Bank of India FAQ

Common questions.

Union Bank for Andhra Pradesh and Telangana home loans?

Yes — Union Bank inherited Andhra Bank's dense AP/Telangana branch network (300+ branches in each state) and combines it with Union Bank's lower spread (typically 25-50 bps below HDFC/ICICI). For Hyderabad, Visakhapatnam, Vijayawada, Tirupati, and Guntur home buyers, Union Bank is competitive with SBI on rate and usually faster than SBI on processing due to deeper branch concentration.

Union Bank Sangam Home Loan for women — what is the discount?

Union Sangam offers 5 bps rate concession to women primary borrowers (or co-borrowers where the property is in joint name with woman as first applicant). Combined with state-level women stamp duty discounts (typically 1% in Maharashtra, Karnataka, Delhi), the all-in cost saving over a 20-year ₹80 lakh loan can be ₹1.5-2 lakh. Most PSU banks now have similar women-borrower programs but Union's branch-level processing on this is efficient.

Union Bank Telugu NRI corridor — how does it work?

Union Bank has dedicated Telugu NRI desks (legacy Andhra Bank) in major GCC cities (Saudi Arabia, UAE, Qatar) and the US (specifically in Texas, New Jersey, Chicago — areas with large Telugu IT professional populations). Documentation for NRI home loans in Hyderabad, Vizag, Vijayawada is streamlined: salary statements in foreign currency, embassy-attested documents accepted, and family-member POA arrangements for property signings. LTV typically 70% (vs 80% for resident applicants).

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