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Indian Bank Home Loan vs Union Bank Of India Home Loan Home Loan Comparison | Ambak

The indian bank vs union bank of india home loan comparison: Indian Bank (6,000+ branches since 1907, PSU) offers IB Home Loan Plus and IB Home Improve; Union Bank of India (8,500+ branches across India, PSU) offers Union Awas, Union Smart Save and Union Top-Up. Differences lie in schemes, eligibility, digital experience and customer segments.
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Which banks saves you more?

indian bank vs union bank of india: Indian Bank offers IB Home Loan Plus and IB Home Improve with combo home and furnishing finance and Home Improve renovation variant. Union Bank of India offers Union Awas, Union Smart Save and Union Top-Up with women concession under Union Awas. Related search: None. Choice depends on borrower profile, scheme fit and network reach.
indian bank
indian bank
Home Loan
Ambak Recommended
Union bank of India
Union bank of India
Home Loan
vs
Home loan comparison between indian bank and Union bank of India
Metricindian bankUnion bank of India
Interest Rate
7.15% – 9.65%
7.1% – 10%
Interest Rate
7.15% – 9.65%
7.1% – 10%
Processing Fee
Rs. 15,000 + GST
Rs. 17,700 + GST
Processing Fee
Rs. 15,000 + GST
Rs. 17,700 + GST
Max LTV
Up to 90%
Up to 90%
Max LTV
Up to 90%
Up to 90%
Max Loan Amount
₹2500000 Cr
₹3000000 Cr
Max Loan Amount
₹2500000 Cr
₹3000000 Cr
Min Loan Amount
₹5000 Cr
₹5000 Cr
Min Loan Amount
₹5000 Cr
₹5000 Cr
EMI per Lakh
₹785
₹782
EMI per Lakh
₹785
₹782

Why Choose indian bank Home Loan

Indian Bank is a PSU lender with 6,000+ branches since 1907. Variants include IB Home Loan Plus and IB Home Improve, designed for salaried, government employees and NRI. Key features include combo home and furnishing finance, Home Improve renovation variant and government-employee concessions. Indian Bank suits borrowers looking for combo product for buying and furnishing.
  • Lower rates on average. Get access to better-than-advertised rates—typically lower depending on your profile and eligibility.
  • Balance transfer made simple. One form, we fetch offers from 70+ lenders and compute net savings after fees.
  • Human advisors. Complex cases (self-employed, NRI, under-construction) get an expert, not a chatbot.

Why Choose Union bank of India Home Loan

Union Bank of India is a PSU lender with 8,500+ branches across India. Variants include Union Awas, Union Smart Save and Union Top-Up, designed for salaried, women applicants and government employees. Key features include women concession under Union Awas, OD-linked Smart Save variant and government-employee scheme. Union Bank of India suits borrowers looking for women-friendly PSU schemes and OD variant.
  • Lower rates on average. Get access to better-than-advertised rates—typically lower depending on your profile and eligibility.
  • Balance transfer made simple. One form, we fetch offers from 70+ lenders and compute net savings after fees.
  • Human advisors. Complex cases (self-employed, NRI, under-construction) get an expert, not a chatbot.

EMI Calculate indian bank vs Union bank of India

Home Loan EMI
1.0 Cr
₹5L₹5Cr
20 Years
030
Ambak Recommended
Union bank of India
Union bank of India
7.1%
EMI
₹ 78,131
Interest
₹ 87,51,440
Total
₹ 1,87,51,440
Your Total Savings
₹ 72,480
indian bank
indian bank
7.15%
EMI
₹ 78,433
Interest
₹ 87,51,440
Total
₹ 1,88,23,920

indian bank Reviews

3.8 / 5(10 reviews)
LikeWhat people like
  • •Covers up to 90% of the property cost so you don't need a large upfront amount
  • •Loans available up to ₹25 Cr
  • •Processing fee: Rs. 15,000 + GST
  • •Simple paperwork — fewer documents needed compared to most banks
  • •Repay over up to 30 years to keep your monthly outgo low
  • •Can transfer your existing home loan here to save on interest
DislikeWhat people don't like
  • •Interest rate of 7.15% is slightly higher than Union bank of India's 7.1%
  • •Monthly EMI of ₹785/lakh is ₹3 more than Union bank of India
  • •Self-employed borrowers may face a longer approval process
  • •Fewer branches in smaller cities and towns

Reviews summarised from buyer forums and listings; personal site visit recommended.

Union bank of India Reviews

4.3 / 5(10 reviews)
LikeWhat people like
  • •Interest starts at 7.1% — that's cheaper than indian bank's 7.15%
  • •You pay only ₹782/lakh per month — ₹3 less than indian bank
  • •Covers up to 90% of the property cost so you don't need a large upfront amount
  • •You can borrow up to ₹30 Cr — suitable for high-value properties
  • •Processing fee: Rs. 17,700 + GST
  • •Simple paperwork — fewer documents needed compared to most banks
DislikeWhat people don't like
  • •Self-employed borrowers may face a longer approval process
  • •Fewer branches in smaller cities and towns
  • •Prepayment charges can apply if you have a fixed interest rate
  • •High-value loans require detailed income proof

Reviews summarised from buyer forums and listings; personal site visit recommended.

Compare indian bank with other banks

Compare Union bank of India with other banks

indian bank Reviews

3.8 / 5(10 reviews)
LikeWhat people like
  • •Covers up to 90% of the property cost so you don't need a large upfront amount
  • •Loans available up to ₹25 Cr
  • •Processing fee: Rs. 15,000 + GST
  • •Simple paperwork — fewer documents needed compared to most banks
  • •Repay over up to 30 years to keep your monthly outgo low
  • •Can transfer your existing home loan here to save on interest
DislikeWhat people don't like
  • •Interest rate of 7.15% is slightly higher than Union bank of India's 7.1%
  • •Monthly EMI of ₹785/lakh is ₹3 more than Union bank of India
  • •Self-employed borrowers may face a longer approval process
  • •Fewer branches in smaller cities and towns

Reviews summarised from buyer forums and listings; personal site visit recommended.

Union bank of India Reviews

4.3 / 5(10 reviews)
LikeWhat people like
  • •Interest starts at 7.1% — that's cheaper than indian bank's 7.15%
  • •You pay only ₹782/lakh per month — ₹3 less than indian bank
  • •Covers up to 90% of the property cost so you don't need a large upfront amount
  • •You can borrow up to ₹30 Cr — suitable for high-value properties
  • •Processing fee: Rs. 17,700 + GST
  • •Simple paperwork — fewer documents needed compared to most banks
DislikeWhat people don't like
  • •Self-employed borrowers may face a longer approval process
  • •Fewer branches in smaller cities and towns
  • •Prepayment charges can apply if you have a fixed interest rate
  • •High-value loans require detailed income proof

Reviews summarised from buyer forums and listings; personal site visit recommended.

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