Commenced by the bank between August 16 and November 15, 2023. You will benefit from this reduction even if you transfer your house loan or auto loan from another bank or NBFC.
This information will make you pleased
if you are considering taking out a mortgage or car loan. Yes, the Union Bank of India has announced a complete cancellation of the processing charge for new clients applying for house loans, auto loans, and loans for two and four-wheelers. The bank is providing this opportunity to customers with credit scores of 700 or higher.
The facility will be open through November 15th.
The bank has initiated this offer, which will run from August 16 until November 15, 2023. You will benefit from this reduction even if you transfer your house loan or auto loan from another bank or NBFC. The bank provided this service at a time when the RBI decided to keep the repo in place.
In addition, Union Bank of India pays its customers interest
on FDs at a rate of 3 to 7 percent annually. Senior citizens also receive an additional 50 basis point rate of interest. FDs are available for terms ranging from 7 days to 10 years. In addition, it offers 6.70% interest yearly on FDs that save taxes. On FDs with terms between five and ten years, senior persons receive interest at a rate of 7.20% annually.
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