What are Union Bank Home Loan Reviews?

Union Bank insisted I take property insurance, which felt unnecessary and forced. I believe such insurance should be optional and left entirely to the borrower’s discretion. This approach made the process irritating and less transparent. Overall, while the loan process itself was standard, being pressured into additional services like insurance left a negative impression.

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I had a great experience with Union Bank of India Home Loan. The loan was approved in about five working days after all necessary paperwork was submitted. I received instant in-principal approval, with final sanction after document verification. The eligibility was clearly explained, based on my repayment capacity and property value. Union Bank offers up to Rs. 30 lakhs for repairs or renovation. The repayment period is also flexible, up to 30 years for purchase or construction, and 15 years for repairs.

I had a horrible experience with the Union Bank home loan department. I had issues with Union Bank home loan interest rate and called up customer service at least 100 times but to my dismay, no response from their end. I saw that I was being overcharged and I needed an explanation but I have yet to hear from them. I think as a last resort I will go for a home loan balance transfer. My advice to everyone here is that please take a good look at your home loan report and ask questions. You may be misled just like I was.

I don’t know who calls it a 5 star bank. My Union Bank home loan review comes from a place where I have suffered a huge mental toll. I too noticed that Union Bank had charged some extra money during my loan foreclosure. I understand that there were some extra penalty charges and I paid them willingly but still the math just didn’t add up. I am not sure if I will recommend anyone to go with their home loan services at least.

Although my Union Bank of India home loan review is mixed, due to manual service. I have a lot of concerns regarding their app. I was trying to access my home loan account to get a home loan interest payment statement for tax returns purposes. It was a whole lot of struggle. The app kept crashing and I couldn’t get any response from the customer support as well. After a struggle of 3 days, I went to the bank and submitted the application to get a hard copy of my home loan statement.

So, let’s start the Union Bank of India home loan review. First of all, you should never miss a chance if you get approved by the bank for a home loan. Because they have flexible repayment periods of up to 30 years, along with EMIs as cheap as Rs.652 per lakh for a more affordable payment time. There are various home loan schemes available like Union Home, Union Awas and Union Smart Save to serve you in a better way. If you take housing loans under the PMAY scheme, then you are eligible for a 6.50% interest subsidy, depending on the category.

Here is my Union Bank home loan review. I once visited the Union Bank branch to inquire about home loan schemes. I was overwhelmed by hearing about their facilities and the hassle-free process they have. They provide a home loan of a maximum amount of Rs.30 Lakhs for repair and renovation. They provide a moratorium period of up to 36 months for construction or purchase purposes. On adjustable-rate loans, the bank additionally waives the prepayment penalty completely.

Hey,

I’m glad to share my feedback about the Union Bank home loan. I really like their processing time and assistance while doing the home loan process. They help you with every possible way to get your process done quickly. The interest rate starts at 6.60% per annum and I think that is really affordable for your pocket. The processing charges are 0.50% of the loan amount and it will definitely be best as per your budget. So don't hesitate and go for this home loan option for a convenient experience.