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  3. Union Bank Home Loan Balance Transfer
How much will I save on balance transfer?
Current Loan
Loan Amount
Tenure
Rate of Interest
Installments Paid
Eg. 40
New Loan
Processing Fees
Tenure
Rate of Interest
₹1,27,468
EMI Tenure will be increased by 40 Months
Current Interest
₹7,19,577
New Interest
₹5,72,874
Current EMI Tenure
10 Years
New EMI Tenure
10 Years
Outstanding Principal ₹19,23,438
EMI ₹34671

Union Bank Home Loan Balance Transfer: Lower Your EMI, Maximize Your Savings Looking to Reduce Your Home Loan Burden?

If you're paying a high-interest home loan to another bank, it might be time to switch. Union Bank of India’s Home Loan Balance Transfer lets you shift your outstanding home loan to Union Bank at a lower interest rate, helping you save more on EMIs and repay your loan faster.

Top Benefits of Union Bank Home Loan Balance Transfer

  • Lower Interest Rates starting from 8.35% p.a.
  • Flexible Repayment Tenure up to 30 years
  • Zero Hidden Charges
  • Quick Processing & Doorstep Service
  • Top-Up Loan Available on transferred balance
Apply Home loan
Is Property Finalized?
When are you planning to finalize?

Why Choose Union Bank for Balance Transfer?

Competitive Rates & Transparent Processing

Union Bank offers one of the most affordable interest rates in the market for balance transfers. Plus, with minimal documentation and transparent processing, your transfer is smooth and hassle-free.

Substantial EMI Reduction

By switching to Union Bank, borrowers often save ₹2-5 lakh or more over the loan tenure, especially on high-value or long-tenure loans.

Eligibility for a Top-Up Loan

Need extra funds? Union Bank allows you to avail a top-up loan on your existing home loan balance after transfer—perfect for home renovation, furnishing, or personal needs.

Eligibility Criteria for Home Loan Balance Transfer

  • To qualify for a Union Bank balance transfer:
  • Your existing home loan should have completed at least 12 EMIs
  • Clean repayment history with no recent defaults
  • A minimum loan amount of ₹5 lakh
  • Property should be legally clear and registered

Documents Required

Here’s what you’ll need:

  • Loan statement from the current lender
  • Property documents and registration proof
  • ID & address proof (Aadhaar, PAN, Passport)
  • Income documents (salary slips, ITR, bank statements)
  • Sanction letter and repayment track record
Who Should Consider a Balance Transfer?
  • Borrowers with home loans above ₹20 lakh
  • Individuals still having 10+ years left on their loan
  • Anyone paying an interest rate above 9%
  • Salaried or self-employed professionals looking for top-up funding

Union Bank of India Home Loan Balance Transfer Interest Rates – 2025

UBI Home Loan Scheme Interest Rate for Salaried Interest Rate for Self-Employed Ideal For
Union Home 6.80% – 7.35% 6.85% – 7.40% Purchase, renovation, or construction of a residential property
Union Awas 6.80% – 7.35% 6.85% – 7.40% Purchase, construction, extension, or improvement in Semi-Urban or Rural areas
Union Smart Save 7.05% – 7.60% 7.10% – 7.65% Borrowers seeking a home loan with overdraft facility
Union Top-Up 6.80% onwards 6.80% onwards Existing UBI home loan customers needing funds for house-related expenses

How to Apply for Union Bank Balance Transfer

  • Step 1: Check your current loan balance and interest rate
  • Step 2: Apply online or visit the nearest Union Bank branch
  • Step 3: Submit required documents for processin
  • Step 4: Upon approval, Union Bank clears your old loan and issues a new one at reduced rates

Make the Smart Move Today

Don’t let high-interest rates eat into your savings. With Union Bank’s balance transfer offer, you gain financial freedom, better control over your repayments, and a chance to finish your loan tenure sooner. Whether you're looking for lower EMIs or access to extra funds, Union Bank has you covered.

 

Frequently Asked Questions

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Yes, a nominal fee is applicable, often waived during promotional periods.
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Usually between 7–10 working days upon complete document submission.
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Yes, subject to eligibility and valuation of your property.