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Compare United Bank of India vs Indian Bank Home Loan

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Interest Rate
Interest Rate
6.95% - 7.75%
7.55% - 7.85%
Processing Fees
Processing Fees
Upto 0.59%
Min ₹ 1,180; Max ₹ 11,800
Upto 0.23%
Max ₹ 20,381
Maximum Loan Amount
Maximum Loan Amount
₹ 3 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
30 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 662
₹ 809
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
Minimum Age
Minimum Age
21 Years
18 Years
Maximum Age
Maximum Age
65 Years
60 Years
For Women
For Women
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Home Loan EMI of United Bank of India and Indian Bank

Loan Amount United Bank of India Indian Bank
₹ 10 Lakh ₹ 6,619 ₹ 8,087
₹ 25 Lakh ₹ 16,549 ₹ 20,216
₹ 30 Lakh ₹ 19,858 ₹ 24,260
₹ 50 Lakh ₹ 33,097 ₹ 40,433

Which is a better bank for Home Loan – United Bank of India or Indian Bank?

United Bank of India offers lower Home Loan EMI at ₹ 662 on a Home Loan for 30 Years as compared to Indian Bank with a minimum EMI of ₹ 809 for 20 Years. Average customer ratings for United Bank of India is currently at 3.5/5.0 which makes it a good choice for taking a Home Loan.

How does United Bank of India Home Loan compare with Indian Bank Home Loan?

It is important to do a detailed comparison of United Bank of India and Indian Bank on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its 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 United Bank of India Home Loan is 6.95%, which is lower than the lowest interest rate of Indian Bank at 7.55% and hence, United Bank of India is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Indian Bank charges a lower processing fees of 0.23% of the loan amount vs United Bank of India with a processing fees of 0.59% of loan amount.
  • Indian Bank is a with its Home Loan rates benchmarked to RLLR. On the other hand, United Bank of India is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
  • United Bank of India has an average customer ratings of 3.5, while Indian Bank has an average customer rating of 3, based on which it is clear that United Bank of India has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • Indian Bank offers special discounted rate Home Loan schemes for women, while United Bank of India currently doesn’t have such schemes for women. Hence, women borrowers should consider Indian Bank.

Which bank offers a lower interest rate on Home Loan – United Bank of India or Indian Bank?

As per the current rates, United Bank of India offers a lower interest rate of 6.95% on Home Loan when compared to Indian Bank which offers a Home Loan at 7.55%.

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Home Loan News - Jun 2022
  • 2022-06-16 : Maharashtra Government Revises Income Slabs
    The annual income slab for the economically weaker section (EWS) has been increased to Rs 6 lakh, and Rs 4.5 lakh for those residing in Mumbai, Pune, and Nagpur Metropolitan Region and the rest of the state respectively.
  • 2022-06-16 : SBI Increases Lowest Interest Rates for Home Loans
    The bank has raised minimum rate for home loans to 7.55% two weeks after the increase of Repo Rate.
  • 2022-05-24 : Home Buyers Welcome the Decision to Extend the PMAY Scheme
    The Central Government has extended the PMAY Scheme-Urban till September 2022 in Maharashtra.
  • 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
    The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
  • 2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
    The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.
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