Union Bank of India Cuts Home, Vehicle And Personal Loan Rates; Check Latest Rates

Union Bank of India Cuts Home, Vehicle And Personal Loan Rates; Check Latest Rates Union Bank of India cuts interest rates on Home, Vehicle, and Personal Loans from 18 December 2025. Union Bank of India has announced a reduction in interest rates on select retail loan products, effective 18 December 2025, compared to its earlier applicable rates. The bank is among the first in the sector to react to recent monetary easing, lowering interest rates across Home Loans, Vehicle Loans, and Personal Loans to enhance affordability for retail borrowers. Under the revised rate structure, home loan interest rates have been reduced by 30 basis points, and will now start at 7.15% per annum, as against the earlier rate of 7.45% p.a. Vehicle loan interest rates have been cut by 40 basis points, and will now start at 7.50% p.a., compared to the previous benchmark rate of 7.90% p.a. Personal loan interest rates have seen a sharper reduction of 160 basis points, with rates now starting at 8.75% p.a., down from the earlier rate of 10.35% p.a. Recommended Stories In addition to the base rate reduction, Union Bank of India is offering an additional concession of 0.10% per annum on eligible Green Finance Home Loans and Vehicle Loans The revision comes against the backdrop of easing monetary conditions during the year. The Reserve Bank of India reduced the repo rate by 25 basis points to 5.25% on December 5, 2025, marking the fourth rate cut in 2025 and taking the cumulative reduction for the year to 125 basis points. The Union government had also eased GST norms for automotive sector. With this revision, Union Bank of India aims to support homebuyers, vehicle purchasers and personal loan customers by lowering borrowing costs while continuing to maintain prudent lending standards. The revised rates are applicable from 18 December 2025 and are subject to customer eligibility, credit profile and other applicable terms and conditions. Click here to add News18 as your preferred news source on Google. Follow News18 on Google . Join the fun, play games on News18 . Stay updated with all the latest business news, including market trends , stock updates , tax , IPO, banking finance , real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated. News business banking-finance Union Bank of India Cuts Home, Vehicle And Personal Loan Rates; Check Latest Rates Terms of Use and Privacy Policy .

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