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Compare Syndicate Bank vs Union Bank of India Loan Against Property

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Bank
Interest Rate
Interest Rate
9.95% - 9.95%
9.80% - 9.90%
Processing Fees
Processing Fees
Upto 0.50%
Min ₹ 500;
Upto 0.50%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 10 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 60%
Upto 50%
Maximum Tenure
Maximum Tenure
10 Years
12 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,319
₹ 1,184
Benchmark Rate
Benchmark Rate
RLLR
RLLR
Minimum Age
Minimum Age
21 Years
18 Years
Maximum Age
Maximum Age
65 Years
70 Years
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Syndicate Bank and Union Bank of India

Loan Amount Syndicate Bank Union Bank of India
₹ 10 Lakh ₹ 13,187 ₹ 11,836
₹ 15 Lakh ₹ 19,781 ₹ 17,753
₹ 30 Lakh ₹ 39,562 ₹ 35,507
₹ 50 Lakh ₹ 65,937 ₹ 59,178

Which is a better bank for Loan Against Property – Union Bank of India or Syndicate Bank?

Union Bank of India offers lower Loan Against Property EMI at ₹ 1,184 on a Loan Against Property for 12 Years as compared to Syndicate Bank with a minimum EMI of ₹ 1,319 for 10 Years. Average customer ratings for Union Bank of India is currently at /5.0 which makes it a good choice for taking a Loan Against Property.

How does Union Bank of India Loan Against Property compare with Syndicate Bank Loan Against Property?

It is important to do a detailed comparison of Union Bank of India and Syndicate 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 Union Bank of India Loan Against Property is 9.80%, which is lower than the lowest interest rate of Syndicate Bank at 9.95% and hence, Union Bank of India is offering a cheaper loan option.
  • When compared to other Loan Against Property charges such as processing fees Syndicate Bank and Union Bank of India charge the lowest processing fees as 0.50% of the loan amount.
  • Syndicate Bank offers Loan Against Property upto 60% of the property value while Union Bank of India offers mortgage loan upto 50% of property value. Hence, Syndicate Bank can be a better option if you are looking for a high value amount.
  • Syndicate Bank is a with its Loan Against Property rates benchmarked to RLLR. On the other hand, Union 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.
  • with an average customer ratings of is equally comparable to with an average customer rating of , and hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Loan Against Property – Union Bank of India or Syndicate Bank?

As per the current rates, Union Bank of India offers a lower interest rate of 9.80% on Loan Against Property when compared to Syndicate Bank which offers a Loan Against Property at 9.95%.

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*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
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