Compare Home Loan - Union Bank of India vs SBI

Download Comparison

Bank	HDFC Citibank Bank of Baroda ICICI Bank Axis Bank PNB Housing Finance LIC Housing Finance Bajaj Home Finance Sundaram Home Finance Kotak Bank Yes Bank Syndicate Bank IDFC First Bank United Bank of India Lakshmi Vilas Bank Allahabad Bank Andhra Bank Bank of India Bank of Maharashtra Canara Bank Central Bank of India Punjab and Sind Bank UCO Bank Union Bank of India DBS Bank Tata Capital Home Finance LT Housing Finance Piramal Housing Finance Aavas Financiers Aadhar Housing Finance Indian Bank Karur Vysya Bank RBL Bank HSBC Bank Standard Chartered Bank Edelweiss GIC Housing Finance Reliance Capital IIFL Corporation Bank IDBI Bank Jammu And Kashmir Bank Indian Overseas Bank OBC PNB Indiabulls DCB Bank Dhan Laxmi Bank Karnataka Bank South Indian Bank Federal Bank	SBI HDFC Citibank Bank of Baroda ICICI Bank Axis Bank PNB Housing Finance LIC Housing Finance Bajaj Home Finance Sundaram Home Finance Kotak Bank Yes Bank Syndicate Bank IDFC First Bank UCO Bank Jammu And Kashmir Bank Lakshmi Vilas Bank Allahabad Bank Andhra Bank Bank of India Bank of Maharashtra Canara Bank Central Bank of India Punjab and Sind Bank Aadhar Housing Finance United Bank of India DBS Bank Tata Capital Home Finance LT Housing Finance Piramal Housing Finance Aavas Financiers IDBI Bank Karur Vysya Bank RBL Bank HSBC Bank Standard Chartered Bank Edelweiss GIC Housing Finance Reliance Capital IIFL Corporation Bank Federal Bank Indian Bank Indian Overseas Bank OBC PNB Indiabulls DCB Bank Dhan Laxmi Bank Karnataka Bank South Indian Bank
Parameters
Interest Rate	Interest Rate 8.25% - 8.35%	6.70% - 7.05%
Processing Fees	Processing Fees Upto 0.50% Max ₹ 15,000	Min ₹ 10,000;
Maximum Loan Amount	Maximum Loan Amount ₹ 5 Cr	₹ 7 Cr
Maximum Tenure	Maximum Tenure 30 Years	30 Years
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 751	₹ 645
Benchmark Rate (Check Rates)	Benchmark Rate (Check Rates) RLLR	RLLR
Minimum Age	Minimum Age 21 Years	18 Years
Maximum Age	Maximum Age 65 Years	70 Years
For Women	For Women N	Y
Overdraft Facility	Overdraft Facility N	Y - SBI Maxgain
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews)	4.2/5.0

Add Bank

Compare EMI of Union Bank of India and SBI Home Loan

Loan Amount	Union Bank of India	SBI
₹ 10 Lakh	₹ 7,513	₹ 6,453
₹ 25 Lakh	₹ 18,782	₹ 16,132
₹ 30 Lakh	₹ 22,538	₹ 19,358
₹ 50 Lakh	₹ 37,563	₹ 32,264

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

SBI offers lower Home Loan EMI at ₹ 645 on a Home Loan for 30 Years as compared to Union Bank of India with a minimum EMI of ₹ 751 for 30 Years. Average customer ratings for SBI is currently at 4.2/5.0 which makes it a good choice for taking a Home Loan.

How does SBI Home Loan compare with Union Bank of India Home Loan?

It is important to do a detailed comparison of SBI 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 SBI Home Loan is 6.70%, which is lower than the lowest interest rate of Union Bank of India at 8.25% and hence, SBI is offering a cheaper loan option.
When compared on other Home Loan charges such as processing fees, SBI charges a lower processing fees of Nil vs Union Bank of India with a processing fees of 0.50% of loan amount.
SBI has a maximum processing fee of ₹ 10,000 compared to Union Bank of India with higher processing fees of ₹ 15,000. Hence, customers looking for a higher loan amount will get a benefit on processing fees by opting for SBI.
SBI is a Public Sector Bank with its Home Loan rates benchmarked to RLLR. Union Bank of India is a Public Sector Bank with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to same rate which make them a comparable option to choose from.
SBI has an average customer ratings of 4.2, while has an average customer rating of , based on which it is clear that SBI has a high customer service focus, an easy Home Loan process and a quick turnaround.
SBI offers special discounted rate Home Loan schemes for women, while Union Bank of India currently doesn’t have such schemes for women. Hence, women borrowers should definitely evaluate SBI.
One unique feature of SBI is its overdraft facility which allows borrowers to minimize their interest outgo by paying interest only on the loan amount utilized. This scheme makes it an apt choice for self-employed and businessmen with fluctuating fund requirements.

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

As per the current rates, SBI offers a lower interest rate of 6.70% 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 Union Bank of India Home Loan

Popular Search for SBI Home Loan

Compare Union Bank of India Home Loan With Other Banks

Compare SBI 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 - Jun 2021

2021-06-16 : Ujjivan Small Finance Bank collaborates with MoEngage
Ujjivan Small Finance Bank has collaborated with customer engagement platform MoEngage to provide digital banking services in remote areas of the country. The aim is to build a wide presence of the bank with customers in the unserved regions through digital services.
2021-06-15 : Indian Overseas Bank declared a profit of Rs 831 crore
IOB closed the last fiscal with a net profit of Rs.831 crore as against a net loss of about Rs.8,527 crore. The total income for the year ended 31.03.2021 stands at Rs.22,525 crore as against Rs.20,766 crore for FY20. IOB plans to come up with Prompt Corrective Action to focus on loan recovery, low-cost deposits and less capital consuming advances.
2021-06-14 : 76% increase in Home Loans in the March quarter
Home loans sanctioned by banks and NBFCs grew 76% to Rs 79,043 crore in the quarter ended March 2021. Steps like reduction in stamp duties by the government immensely increased the demand for Home Loans.
2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
2021-06-10 : Rural Loan Collections to be affected by the Second wave
As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.

*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

Apply Home Loan Online @ 6.65% ☺

Please wait while your information is being processed...