Union Bank of India Extends 100% Processing Fee Waiver on Loans

Good news for prospective home and auto loan applicants! Union Bank of India has introduced a remarkable incentive by completely waiving the processing fee for new customers availing home loans or loans for four and two-wheelers.

This beneficial opportunity is extended to individuals with a credit score of 700 or above.

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Offer Valid till November 15

Starting from August 16, 2023, until November 15, 2023, this compelling offer will be in effect.

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The waiver isn’t restricted solely to new loans; those transferring their home or auto loans from other banks or non-banking financial companies (NBFCs) will also reap the rewards of this valuable discount.

This initiative arrives as the Reserve Bank of India (RBI) maintains the repo rate at 6.5 percent in recent times.

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Enhanced Interest Benefits on Fixed Deposits

Union Bank of India continues to provide attractive interest rates to its customers.

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Offering an interest range of 3 to 7 percent per annum on Fixed Deposits (FDs), the bank ensures lucrative returns.

Senior citizens are also granted an additional interest rate of 50 basis points, providing them with enhanced financial benefits.


The bank’s FD tenure options span from 7 days to 10 years, catering to diverse customer preferences.

Tax Saving Opportunities and Special Interest for Seniors


For customers seeking tax-saving avenues, Union Bank of India offers a 6.70% annual interest rate on tax-saving FDs.

Seniors are extended a particularly enticing interest rate of 7.20% per annum on FDs with tenures ranging from 5 to 10 years.

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Union Bank of India’s strategic initiatives highlight its dedication to fostering financial growth and convenience for its valued customers.


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