state ownership Union Bank announced on Tuesday it was reduced home loan rates It has reached an all-time low of 6.40 percent. The reduced rate will be effective from 27 October 2021. cut has been announced home Loan The bank said in a release that the interest rates are now starting from 6.40 per cent with the minimum interest rate. Union Bank said, this is the lowest rate ever for a house Loan for the bank.

The new rates will be applicable to customers who are applying for a new loan or who wish to transfer their existing loans including balance transfer.

It said, “Customers will benefit from this offer during the festive season as we see increasing home buying demand. With this low interest rate, Union Bank of India’s home loan rate is amongst the most competitive in the industry.”