Calculate your Union Bank home loan EMI.
Use this calculator with the rate range that Union Bank of India shows on its rate page. See your EMI, the principal part and the interest part, and your cost after tax. This website is not part of Union Bank of India. We are not a lender, and we do not give your data to other persons.
The full loan, year by year
The total of the principal and the interest does not show all of the loan. These charts show the principal part and the interest part for each year. They also show how slowly the balance decreases, and the month when most of the EMI goes to principal.
About Union Bank of India home loans
Union Bank of India is a public-sector bank. The rate of its Union Home loan starts from the external benchmark lending rate (EBLR) of the bank. The EBLR is 8.25% from 8 October 2026: the RBI repo rate of 5.50% plus a spread of 2.75%. Your CIBIL score sets a discount or a premium on this rate.
Union Bank home loan: rates and data
| Published rate | 7.40% to 9.60% p.a. |
|---|---|
| EBLR | 8.25% from 8 Oct 2026 (repo 5.50% + 2.75%) |
| Lowest rate | 7.40% (EBLR − 0.85%), for the top CIBIL bands |
| Highest rate | 9.60% (EBLR + 1.35%), for CIBIL 600–649 |
| Rates checked | 27 Oct 2026 — Union Bank of India — Retail lending rates w.e.f. 08.10.2026 |
The tenure, the processing fee and the eligibility rules change with the scheme and with your profile. Before you apply, examine them on the website of the lender.
Important: indiaemi.com has no connection with Union Bank of India. We copied these rates from the rate page of the lender on the date above. The rates can change without notice. Before you make a decision about a loan, always speak to Union Bank of India to make sure of the rates and terms.
The tax deductions are the same for all banks
The tax deductions for interest and principal apply to all home loans from approved Indian banks and housing finance companies, in the old regime. These deductions are section 22 and section 123 of the Income-tax Act, 2025 (24(b) and 80C in the 1961 Act). Loans from Union Bank of India get the same deductions. The calculator on this page adds these deductions for you.
No new loan can get section 80EEA (section 131 in the 2025 Act). It applied only to loans that a lender sanctioned from 1 April 2019 to 31 March 2022. For more information, refer to the how EMI works page and the glossary page.
Compare Union Bank with other lenders
Compare the rates of Union Bank with the rates of these lenders:
Sources & standards
This table gives the name of each regulated value on this page, the value, and its primary source. Two Acts apply at this time. The Income-tax Act, 1961 applies to FY 2025-26 — the return that you file at this time. The Income-tax Act, 2025 applies to FY 2026-27 and after. The values are the same. Only the section numbers changed.
| What | Current value | Source | Verified |
|---|---|---|---|
| Interest deduction cap — self-occupied property | ₹2,00,000/yr | Income-tax Act, 1961 — s.24(b) (FY 2025-26 & before) Income-tax Act, 2025 — s.22(1)(b) & (c); cap in s.22(2) (applies from 1 Apr 2026) | 2026-07 |
| Principal repayment deduction cap (shared with EPF, PPF, ELSS, insurance) | ₹1,50,000/yr | Income-tax Act, 1961 — s.80C (FY 2025-26 & before) Income-tax Act, 2025 — s.123, read with Schedule XV (applies from 1 Apr 2026) | 2026-07 |
| Additional interest deduction — first-time buyers (CLOSED) closed | ₹1,50,000/yr window 2019-04-01 → 2022-03-31 | Income-tax Act, 1961 — s.80EEA (FY 2025-26 & before) Income-tax Act, 2025 — s.131 (applies from 1 Apr 2026) | 2026-07 |
| Optional regime — retains deductions at higher slab rates | standard deduction ₹50,000 4 slabs, highest rate 30% | 2026-07 | |
| Loan-to-Value ceilings — individual housing loans | 90% — up to ₹30,00,000 80% — up to ₹75,00,000 75% — above ₹75,00,000 | RBI (Commercial Banks — Credit Facilities) Directions, 2025, para 111 | 2026-07 |
| RBI policy repo rate and typical home-loan EBLR spread | repo 5.50% EBLR spread 2.25–3.5% | RBI Monetary Policy Committee | 2026-10 |
This is not tax or legal advice. See all the standards that this site uses →