MyLoanCare is a FREE of cost service for borrowers

Get Cashback of Upto ₹1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare Home Loan - Sundaram Home Finance vs Union Bank of India

Download Comparison
Bank
Parameters
Interest Rate
Interest Rate
6.95% - 6.95%
8.25% - 8.35%
Processing Fees
Processing Fees
NIL
Upto 0.50%
Max ₹ 15,000
Maximum Loan Amount
Maximum Loan Amount
₹ 3 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
20 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 772
₹ 751
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
RLLR
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
70 Years
65 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
Add Bank

Compare EMI of Sundaram Home Finance and Union Bank of India Home Loan

Loan Amount Sundaram Home Finance Union Bank of India
₹ 10 Lakh ₹ 7,723 ₹ 7,513
₹ 25 Lakh ₹ 19,308 ₹ 18,782
₹ 30 Lakh ₹ 23,169 ₹ 22,538
₹ 50 Lakh ₹ 38,615 ₹ 37,563

Which is a better bank for Home Loan – Sundaram Home Finance or Union Bank of India?

Union Bank of India offers lower Home Loan EMI at ₹ 751 on a Home Loan for 30 Years as compared to Sundaram Home Finance with a minimum EMI of ₹ 772 for 20 Years. Average customer ratings for Union Bank of India is currently at /5.0 which makes it a good choice for taking a Home Loan.

How does Sundaram Home Finance Home Loan compare with Union Bank of India Home Loan?

It is important to do a detailed comparison of Sundaram Home Finance and Home Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of Sundaram Home Finance Home Loan is 6.95%, which is lower than the lowest interest rate of Union Bank of India at 8.25% and hence, Sundaram Home Finance is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Sundaram Home Finance charges a lower processing fees of Nil vs Union Bank of India with a processing fees of 0.50% of loan amount.
  • Union Bank of India is a Public Sector Bank with its Home Loan rates benchmarked to RLLR. Sundaram Home Finance is a NBFCs with its home loan rates benchmarked to PLR.
  • has an average customer ratings of , while has an average customer rating of , based on which it is clear that has a high customer service focus, an easy Home Loan process and a quick turnaround.

Which bank offers lower interest rate on Home Loan – Sundaram Home Finance or Union Bank of India?

As per the current rates, Sundaram Home Finance offers a lower interest rate of 6.95% on Home Loan when compared to Union Bank of India which offers a Home Loan at 8.25%.

Popular Housing Loans Tools

Popular Search for Sundaram Home Finance Home Loan

Popular Search for Union Bank of India Home Loan

Compare Sundaram Home Finance Home Loan With Other Banks

Compare Union Bank of India Home Loan With Other Banks

Check Pradhan Mantri Awas Yojana Scheme

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 7.20%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
Home Loan News - Aug 2021
  • 2021-08-02 : HDFC Bank Consolidated net profit jumps 31% to Rs 5,311 cr in Q1
    The country largest mortgage lender HDFC reported a 31 per cent jump in its consolidated net profit. As a result, the net profit for the quarter ending June 2021 stands at Rs 5,311 crore. The company had posted a net profit of Rs 4,059 crore in the year-ago same quarter.
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
    Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
  • 2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
    Bandhan Bank witnessed an 8% rise in its loans and advances to ₹80,128 crores in the June quarter this fiscal. The loans and advances during the same period of 2020 stood at ₹74,331 crore. Compared sequentially, it was down by 8% from ₹87,043 crores in the March quarter. Total deposits grew by 28% year-on-year to ₹77,336 crores, while the CASA (current account and savings account) deposits jumped by 48% to ₹33,197 crores in the first quarter of 2021-22.
  • 2021-07-15 : Indian Bank merger with Allahabad Bank - Change in IFSC
    The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. As the merger got completed, new rules had been issued by the bank with regard to its services. Existing customers were asked on July 1 to get a new IFSC code to carry out online transactions smoothly.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
Loader
Please wait while your information is being processed...