Union Bank of India is going to offer repo-linked home and auto loans. With this, the lender will price home loans above Rs 30 lakh and under Rs 75 lakh to the repo rate and will be priced at 8.25 percent for those borrowers with good credit score. Vehicle loans will be offered at 8.60 percent to borrowers with good credit score.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections. Its segments include treasury operations, corporate & wholesale banking, retail banking and other banking operations.
