Union Bank home loans at lowest ever 6.4% rate

Union Bank of India on Tuesday announced a reduction in its home loan interest rates, which will now start from 6.4% — the lowest rate in the industry. The reduced rate will be effective from October 27. The new rates will apply to customers applying for fresh loans or those who wish to transfer their existing loans including balance transfers. This is the lowest home loan rate offered by a mainstream bank ever.

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