During the Christmas season, the Union Bank of India dropped its home loan interest rates to an all-time low of 6.40 percent in order to make inexpensive loan offers to its consumers. According to a statement made today by the state-run lender, the lower rate will take effect on October 27, 2021.
Customers seeking for new loans or wishing to transfer current loans, including balance transfers, will be subject to the reduced rates, according to the bank.
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