UNION BANK OF INDIA ANNOUNCES REPO LINKED HOME LOAN & VEHICLE LOANS
by Shrutee K/DNS
Mumbai : Union Bank of India announced introduction
of Repo Linked Lending Rate (RLLR) to new Home Loan and Vehicle Loan Borrowers in
order to provide better interest rate transmission to its Customers. With
the introduction of Repo Linked Home Loans, Home Loans of above Rs. 30 lacs to
Rs. 75 lacs will now be available at an attractive interest rate of 8.25%
for Borrowers with good credit score. Thus, the Home Loan Linked to Repo Rate provides
35 Bps benefits over the existing Home Loan.
Also,
with Repo Linked Vehicle Loan, Vehicle Loans will now be available at an
attractive rate of 8.60% to borrowers with good credit score. Thus, the
Vehicle Loan linked to Repo Rate is 40 Bps cheaper than the existing.
Union
Bank of India will continue to offer Home Loan and Vehicle Loan products linked
to MCLR.
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