Mumbai
The revised rates will be applicable from June 1, 2020. Effective rates for various schemes will be at EBLR+ Premium/Discount for the product.
Union Bank of India had introduced EBLR based lending rates for all new floating rate loans to Retail and Micro & Small Enterprises segment, in line with RBI guidelines.
So, from October 1, 2019, all new floating rate loans to these segments have been linked to RBI Policy Repo Rate. Medium Enterprises are also linked to RBI policy Rate with effect from April 1.
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