Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Interest rate0.75% p.a. above the ROI of the Union Home Loan account against which Union Mortgage Plus is extended, without factoring the home-loan concession. Borrowers with CIBIL below 700 attract an additional 0.10% risk premium; staff home-loan borrowers are also charged 0.75% above the applicable Union Home Loan ROI.View source
The official table states a 0.75% spread over the underlying Home Loan and a 0.10% additional premium below CIBIL 700.
- Source
- Union Bank retail loan interest-rate table
- Page / section
- Page 8 — Union Mortgage Plus (Top-up)
- Accessed
- 30 Aug 2026
- Confidence
- high
EligibilityThe facility is a top-up for borrowers with an existing Union Home Loan account; the published table sets a separate additional risk premium where CIBIL is below 700.View source
The table describes Union Mortgage Plus as a top-up against a Home Loan account and specifies the below-700 premium.
- Source
- Union Bank retail loan interest-rate table
- Page / section
- Page 8 — Union Mortgage Plus (Top-up)
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum financeNo separate Mortgage Plus quantum ceiling is published in the reviewed current ROI table or Loan Against Property page.View source
The current table publishes the spread and risk premium but no separate quantum amount.
- Source
- Union Bank retail loan interest-rate table
- Page / section
- Page 8 — Union Mortgage Plus
- Accessed
- 30 Aug 2026
- Confidence
- high
Minimum incomeNo separate rupee income floor is published; eligibility is tied to an existing Union Home Loan account and the Bank's assessment.View source
The published scheme description gives the account relationship and spread but no income floor.
- Source
- Union Bank retail loan interest-rate table
- Page / section
- Page 8 — Union Mortgage Plus
- Accessed
- 30 Aug 2026
- Confidence
- high
APRNo separate APR figure is published; the issuer publishes the underlying Home Loan ROI plus the Mortgage Plus spread.View source
The table gives a spread over rather than a fee-inclusive calculation.
- Source
- Union Bank retail loan interest-rate table
- Page / section
- Page 8 — Union Mortgage Plus
- Accessed
- 30 Aug 2026
- Confidence
- high
Loan typeLoan against property / mortgageView source
The official product name identifies this as “Union Mortgage Plus (Top-up)”.
- Source
- Union Mortgage Plus (Top-up) — official product page
- Page / section
- Official product name and loan classification
- Accessed
- 30 Aug 2026
- Confidence
- high
BenchmarkUnion Bank's published reference benchmark is EBLR (Repo Rate), shown as 8.00% effective 13 June 2026 on the current loans-and-advances rate page. Product-specific premiums and concessions are shown separately in the retail ROI table.View source
The official rate page lists (Repo Rate) at 8.00% with effect from 13/06/ 2026 and links the retail loan rate table.
- Source
- Interest Rates — Loans and Advances
- Page / section
- Reference rates table: (Repo Rate)
- Accessed
- 30 Aug 2026
- Confidence
- high
Processing feeNo numeric processing-fee amount or percentage is published on the reviewed product pages or in the current retail ROI PDF for this product family. The Union Vehicle page mentions a processing-fee cheque when applying, but does not publish the fee amount on the reviewed page.View source
The vehicle page asks for a processing-fee cheque with a branch application but gives no amount; the reviewed retail contains rates and premiums, not a processing-fee schedule.
- Source
- Union Vehicle / Union Bank retail
- Page / section
- Application method; retail pages 1–12
- Accessed
- 30 Aug 2026
- Confidence
- high
Maximum amountNo separate Mortgage Plus quantum ceiling is published in the reviewed current ROI table or Loan Against Property page.View source
The current table publishes the spread over Home Loan and risk premium but no separate quantum amount.
- Source
- Union Bank retail / Loan Against Property
- Page / section
- Page 8 — Union Mortgage Plus; product page
- Accessed
- 30 Aug 2026
- Confidence
- high
TenureNo universal maximum tenure is published on the reviewed page/PDF for this variant; detailed scheme terms determine repayment tenure by purpose, vehicle/property and borrower profile.View source
The reviewed sources publish rate, quantum and eligibility terms for these variants but no one universal maximum tenure.
- Source
- Union Bank retail and product pages
- Page / section
- Applicable scheme pages and retail table
- Accessed
- 30 Aug 2026
- Confidence
- high
Prepayment / foreclosureNo numeric prepayment or foreclosure charge is published on the reviewed product page or current retail ROI table for this variant.View source
The reviewed source pages/ publish the product's rate and eligibility terms but no numeric prepayment/foreclosure charge.
- Source
- Union Bank retail and product pages
- Page / section
- Applicable product pages and current retail table
- Accessed
- 30 Aug 2026
- Confidence
- high
Benefits and features
- Top-up against an existing Union Home Loan
- Published 0.75% spread over the underlying home-loan
Eligibility
- Borrower must have an eligible Union Home Loan account; CIBIL below 700 attracts an additional 0.10% risk premium.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Existing home-loan records and documents requested by Union Bank.
Related official documents
Union Loan Against Property — official product pageofficial-product-page · current · accessed 30 Aug 2026
↗Union Bank retail loan catalogueofficial-product-page · current · accessed 30 Aug 2026
↗Union Bank retail loan interest-rate tableofficial-pdf · current · accessed 30 Aug 2026
↗