Union Bank of India Reaffirms its commitment to a sustainable future for generations to come with Green Home Loans
FinTech BizNews Service
Mumbai, India, 13th January 2025: As the world shifts towards a more sustainable future, the concept of green living is becoming increasingly important. Closely following its pioneering steps among major Banks to join the Partnership for Carbon Accounting Financials (PCAF), and as part of its commitment to environmental sustainability, Union Bank has introduced the Green Home Loan, designed to support eco-friendly housing projects certified by the Indian Green Building Council (IGBC) or other approved rating agencies. The Bank is also a founding member of IGBC.
The Green Home Loan is a specialized financing solution that rewards homeowners for incorporating eco-friendly features into their properties. The Loan offers a unique opportunity for homeowners to reduce their environmental footprint while enjoying long-term financial benefits.
The Union Green Home Loans are available for the Purchase/Construction/Takeover of House/Flat certified as Green Building/Project from Builder/Society/Agencies/Development Authority.
Key points
- Eligibility: Indian citizens and NRIs aged 18-75 years
- No limit on loan amount
- Interest rates: 10 bps concession for certified green housing projects
- Repayment period: Up to 30 years
