India's #1 doorstep home loan service
The Union Bank Awas Home Loan is specially tailored for individuals residing in rural and semi-urban areas, offering readily available financing for the purchase, construction, and renovation of homes, thereby providing a comfortable and dignified environment for all.
Instant eligibility check in 60 seconds
Your information is confidential and used only to contact you about this loan.
Last Updated: Jun 24, 2026
Education — BTech (IIT Guwahati), IIM Bangalore
With 7 years of hands-on experience structuring home loans across both public and private lending institutions, Suraj Mudaliar brings sharp, practical expertise to every borrower's journey. He specializes in loan eligibility assessment, balance transfers, and EMI optimization — helping customers not just get a loan, but get the right loan for their financial situation.
In India’s fast-evolving housing ecosystem, rural and semi-urban regions often remain underserved. Union Bank of India addresses this gap with a thoughtfully designed product — the Union Awas Home Loan Scheme, a tailored financial solution aimed at empowering rural and semi-urban residents to own, construct, or improve their homes.
Whether you’re a salaried employee in a small-town school or a progressive farmer with a steady income, Union Bank Awas offers you the financial support to build a safe and dignified living space.
| Rate of Interest | Max funding | ||
| Credit Score | ROI | Loan Amount | Funding % |
| ≥ 800 | 7.35% – 7.60%* |
≤ 30 Lakh
|
90%
|
| 750 – 799 | ~7.50% – 7.60% | ||
| 700 – 749 | 8.10% – 8.40% |
30 Lakh – 75 Lakh
|
80%
|
| 650 – 699 | 8.40% – 8.70% | ||
| < 650 | 9.20% – 9.50% | ≥ any (LTV drops) |
75%
|
| NTC / –1 | Case‑by‑case ~9.25%+ | Any amount | |
| Apply Now | |||
| Feature | Details |
| Purpose | Purchase, construction, repair, or extension of homes in rural/semi-urban areas |
| Target Audience | Residents of rural/semi-urban areas; salaried & agriculturists with minimum ₹48,000 annual income |
| Loan Amount | Up to ₹20 lakh (semi-urban), ₹15 lakh (rural); ₹10 lakh for repairs |
| Tenure | Up to 30 years (purchase/construction), 15 years (repair) |
| Processing Fee | As per standard home loan rates; up to 0.50% + GST |
| Moratorium Period | 12 to 48 months, depending on the loan type |
| Security | Simple or equitable mortgage of residential property |
| Prepayment Charges | Nil |
| Repayment Mode | EMI, or seasonal payments (for agricultural borrowers) |
The Union Awas Home Loan is tailored to meet the needs of individuals in rural and semi-urban areas who are looking to:
This scheme supports the vision of inclusive development by making housing finance accessible in India’s heartlands.
To be eligible, applicants must meet the following:
Repayment capacity is assessed based on an income certificate issued by the Tehsildar or Mandal Revenue Officer.
| Loan Purpose | Area Type | Max Loan Amount | Margin Required |
| Purchase/Construction | Semi-Urban | ₹20 lakh | 10% |
| Purchase/Construction | Rural | ₹15 lakh | 10% |
| Repairs/Improvements | Both | ₹10 lakh | 20% |
The actual eligibility depends on the applicant’s repayment capacity and property value.
As per Union Bank’s official rate sheet (effective from 01.01.2024), the interest rates vary by credit score:
| Credit Score Range | Male Borrower ROI | Female Borrower ROI |
| 800 & above | 8.35% | 8.35% |
| 750 to 799 | 8.50% | 8.50% |
| 700 to 749 | 9.15% | 9.10% |
| 650 to 699 | 9.45% | 9.40% |
| 600 to 649 | 10.25% | 10.25% |
| Below 600 | 10.75% | 10.75% |
The financed property must be comprehensively insured (excluding the land value) against all construction-related risks, with the insurance policy endorsed in favor of Union Bank.
Estimate your monthly EMI, total interest and repayment.
Real home loan journeys from NoBroker customers across India.
