Union Bank of India cuts home loan rate to its lowest at 6.4%

 Union Bank of India has lowered interest rates on house loans by 40 basis points, escalating competitiveness over the festive season. The minimal rate of interest is now 6.40 percent, down from 6.8 percent previously.

The lower tariff will go into effect on October 27. According to Union Bank, this is the bank's all-time low rate for house loans. Customers applying for new loans or wishing to transfer current loans, including balance transfers, would be subject to the increased rates, according to Bank.

This cut is part of regular operation and not just limited to festival period. While rate cut will dent margins to some degree, it is expected to give a push to volume of business.

Conclusion

There's no need to be discouraged if your personal loan application is turned down. To boost your chances of loan approval, simply work on improving your credit report and following the methods outlined above. Once you've completed this checklist, you're ready to submit your personal loan application.To find about the best pricing and deals, call our toll-free number +91-9477079053. They'll help you in every way they can. Please contact me at Best Home Loan In India if you have any more.

Comments

Popular posts from this blog

What information do you need to apply for a business loan?

How to Easily Find Top & Affordable Loan Company In India?

Home loan customers hoping for low interest rates to remain intact