✓ Home Loan Balance Transfer Facility ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50% Check Eligibility

You can save substantially, by transferring the balance of your existing home loan to the Union Bank of India (UBI). By opting for this facility, you can get lower interest rates starting from 8.50% p.a. resulting in lower EMIs and reduced loan cost. Repay the loan as per your convenience over extended tenures of up to 30 years. Apply for this facility on Bajaj Markets and benefit from a hassle-free online transfer process.

Interest Rates and Charges

The Union Bank of India Home Loan Balance Transfer interest rates and charges are as listed below:

Interest Rate

8.50% onwards

Processing Fee

₹15,000 or 0.50% of the loan amount (whichever is higher) + GST

Prepayment Charges


*Disclaimer: The aforementioned details are subject to change at the lender’s discretion

Union Bank of India Home Loan Balance Transfer EMI Calculator

Loan Amount
Rate of Interest
Home Loan Balance Transfer
Your Monthly Loan EMI
Principal Amount
Total Interest
Total Amount Payable
Amortization Schedule
Download Amortization Schedule Download
Expand Amortization Schedule
Year EMI Principal Interest Balance

Features and Benefits

Low Interest Rates

Save on EMIs with low interest rates starting from just 8.50% p.a.

Flexible Repayment Tenure

Enjoy extended repayment tenures ranging up to 30 years

Smooth Transfer Process

Benefit from a seamless online transfer process by applying for the facility on Bajaj Markets

No Hidden Charges

Apply for this balance transfer facility without having to pay any hidden charges

Eligibility Criteria and Documents Required

Here is a list of the Union Bank of India Home Loan Balance Transfer eligibility criteria:

  • Your age must be between 18-75 years

  • Your net monthly income should be at least ₹15,000 a month if you are salaried 

  • Your minimum Profit After Tax (PAT) must be ₹12,500 per month if you are self-employed 


Keep these documents handy for a smooth application process:

  • KYC Documents: Aadhaar Card and any one of the following

    1. PAN card

    2. Passport

    3. Driving licence

  • Bank statements of the last 12 months as income proof

  • Salary slips of the last 3 months (for salaried applicants)

  • Certificate and proof of business existence (for self-employed applicants)

  • Property Documents:

    1. Original Sale Deed, Title deed, Share Certificate(s) issued by the society (duly registered) or any other document conveying ownership

    2. Agreement to sell or allotment letter

    3. Copy of the plan approved by the local body

    4. NOC from the builder, developer, or society

    5. Statutory and regulatory approval of construction of proposed residential unit as per state laws

  • Form 16 or ITR filings

  • Duly filled credit information form

  • 2 passport-size photographs

Read More

How to Apply?

Here are some simple steps you can follow to apply for this facility on Bajaj Markets:

  • Click on the ‘Apply Now’ option on this page

  • Provide your profession, personal and financial details

  • Choose ‘Union Bank of India’ from the list of lenders

  • Select the preferred tenure and required loan amount

  • Click on ‘Submit’

  • Following this, a representative will reach out to you for further proceedings.



Is it beneficial to transfer my home loan to UBI?

Yes. By doing so, you can enjoy a lower rate of interest on your home loan. You can also lengthen your loan tenure. This enables you to repay the loan as per your convenience.

After transferring my loan to UBI, will the EMI remain constant or change in future?

Following  the transfer, a new EMI amount will be set and shall remain constant, unless you restructure the loan again. This new instalment will be decided on the basis of the change in interest rates, loan tenure, and the balance principal amount.

Do I need to have a guarantor for a Union Bank of India Home Loan Balance Transfer?

No, there is no mandatory requirement for a guarantor for a home loan transfer to UBI.

Loan Offers
Download App