IndiaBanks.org · independent research

Personal, home, vehicle & other loans

Union Mortgage Plus (Top-up)

A top-up facility against an existing Union Home Loan account, priced at a published spread over the underlying home-loan rate.

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.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.Minimum incomeNo separate rupee income floor is published; eligibility is tied to an existing Union Home Loan account and the Bank's assessment.
Official product page ↗Compare category

Quick eligibility check

Union Mortgage Plus (Top-up)

0 of 5 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: The facility is a top-up for borrowers with an existing Union Home Loan account?

Published source: Eligibility

2Do you meet this requirement: the published table sets a separate additional risk premium where CIBIL is below 700?

Published source: Eligibility

3Do you meet this requirement: Borrower must have an eligible Union Home Loan account?

4Do you meet this requirement: CIBIL below 700 attracts an additional 0.10% risk premium?

5Document checkDo you have this required document or proof: Existing home-loan records and documents requested by Union Bank?

Published source: Eligibility
0 of 5 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byUnion Bank of India

India; existing Union Home Loan borrowers subject to scheme terms

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
Open official source ↗
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
Open official source ↗
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
Open official source ↗
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
Open official source ↗
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
Open official source ↗
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
Open official source ↗
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
Open official source ↗

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
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Union Mortgage quantum · Published detail₹5 lakh to ₹15 crore

This value is copied from Union Mortgage and Mortgage Plus — published terms. Check the table notes before relying on it.

Source: Union Bank retail loan interest-rate table · Pages 7–8 — Union Mortgage and Mortgage Plus Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 7 rows · 2 columnsUnion Mortgage and Mortgage Plus — published termsQuantum, property conditions and current ROI/spread terms.View tableHide table

Scroll sideways to view every column

Union Mortgage and Mortgage Plus — published terms
ParameterPublished detail
Union Mortgage quantum₹5 lakh to ₹15 crore
Age21 years minimum; must repay before age 70
PropertyResidential, commercial or industrial; owned or close-family co-owned
InsuranceProperty insurance required
Mortgage 9.05%–11.85% p.a. by property type and score
Mortgage Plus0.75% above underlying Union Home Loan ; additional 0.10% below CIBIL 700
Income floorNo universal rupee minimum published on reviewed page
Union Bank retail loan interest-rate table · Pages 7–8 — Union Mortgage and Mortgage Plus · accessed 30 Aug 2026Open official source ↗

More from Union Bank of India

Related products

Union Awas

A special Union Bank home-loan scheme for purchasing or constructing a house, and repairing, improving or extending an existing residential property in semi-urban or rural areas.

View product

Union Cash (Pensioner and Family Pensioner Loan)

A personal-expense loan for pensioners and family pensioners, including medical treatment, travel and unforeseen expenses, with no collateral and a spouse or nominee guarantee condition.

View product

Union Education Loan

Education finance for eligible courses in India and abroad, with repayment up to 15 years and collateral rules that vary by amount and scheme.

View product

Union Green Home Loan

A Union Home variant for eligible green housing, with a published additional 10-basis-point concession after receipt of the required green-house or project certificate.

View product