Union Bank Slashes Loan Rates! Home, Car, Personal EMIs Drop

• Union Bank of India reduced interest rates on home, car, and personal loans, effective December 18, 2025.
• Home loan rates cut by 30 bps to 7.15%, while car loan rates decreased by 40 bps to 7.50%.
• Personal loan rates saw the biggest drop, by 160 bps, now starting at 8.75% per annum.
• An additional 0.10% discount is offered on Green Home Loans and Green Vehicle Loans.
• The move follows RBI's repo rate cut on December 5, 2025, and similar actions by SBI, HDFC, and Canara Bank.

Why It Matters: Union Bank's loan rate cuts make home, car, and personal finance more affordable for customers.