Union Bank reduced education, home loan rates, waived of processing fees
By Neelima Shankar
Dec 3, 2012
Print    Email    RSS   

Public sector lender, Union Bank of India has lowered interest rates on education and home loans above Rs 30 Lakh by 25 basis points and also providing home loans up to Rs 75 lakh at the base rate. However, Union Bank has kept its base rate unchanged at 10.75%.

Earlier in August, the bank has reduced the interest rates on home loans up to Rs 30 lakh and was giving it on base rate. Presently, the bank is offering loans up to Rs 75 lakh at the base rate. For loans above Rs 75 lakh and up to RS 5 crore, the interest rate charged is 10.75%.

The mumbai based public sector, Union bank also said that there won't be any processing fees on these loans.

It also announced the reduction in interest rates by 150-200 basis points on education loans. The current rate on education loan is 12.75% for loans up to Rs 7.5 lakh and 12.5% for loans above Rs 7.5 lakh.

The bank also announced discount of 50 basis points for female students over the interest charged.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Complete guide to education loans in India
Manage your loans, avoid recovery agents
Carnival of Indian Personal Finance Blogs #1
Bank loans that could glitter for you
A detailed guide on education loans for...

Where is Dissertation Help India whose email is...
ROPAR: CaℒL Giℛℒ In Kurali 09855660911...
Why Pitampura Tutors (Ph:- 9911742311) & Private...

Banks to look forward to hire students from IIT/IIM Feb 18, 2015
Union Bank of India hiring for the post of specialist officers Feb 16, 2015
Canara bank launched scholarship Scheme Feb 13, 2015
AXIS bank started ‘My idea of progress’ Campaign Feb 12, 2015
RBI inviting applications for the guard post Feb 11, 2015
News Archive