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Union Bank of India’s festival season home loan interest reduction to 8.50%Posted in Home Loans, Uncategorized by Ram Vishnu September 12, 2009. Union Bank of India has joined many other institutions including SBI, PNB and HDFC in offering lower interest rates on home and car loans for the festival season. These new lowered interest rates will be applicable until October 31, 2009. UBI is now offering an interest rate of 8.50% for home loans upto Rs. 50 lacs for first 3 years of loan repayment period. After the first 3 years, the bank is offering interest rates linked to its BPLR and the interest rates will depend on the BPLR prevailing at the end of your 3 years loan period. Interest rates for loan amounts above Rs. 50 lakhs are being offered at 9.25% for first 3 years of your loan. After the first 3 years, interest rates will be based on the bank’s BPLR. Interest rates offered by UBI are attractive and if you are looking for a home loan, this is certainly a good offer. CommentsLeave a Reply |
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