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Home Loan Comparison

Union Bank Of India Home Loan vs SBI Home Loan vs HDFC Home Loan

Union Bank Of India
SBI
HDFC

Introduction

When planning to buy a home, choosing the right loan is essential. Union Bank Of India, SBI, and HDFC offer robust home loan options for both salaried and self-employed customers. This comparison will focus on their interest rates, loan flexibility, and additional benefits to help you make an informed decision.

Basic InfoUnion Bank Of IndiaSBIHDFC
 
 
 
 
Interest Rate
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8.50%-10.75%
8.00% - 9.70%
8.75% - 9.65%
Loan TenureMax 30 years
Max 30 Years
Max 30 Years
LTV80% - 90%
80% - 85%
80% - 85%
Max Loan AmountUpto 5cr
Upto 5cr
6cr - 10cr
EligibilityUnion Bank Of IndiaSBIHDFC
 
 
 
 
AgeSalaried/ Self Employed : 18- 75 years
Salaried/ Self Employed : 18-70 years
Salaried/ Self Employed : 18-70 years
ProfessionSalaried/Self Employed
Salaried/Self Employed
Salaried/Self Employed
IncomeMetro Cities : 20,000/Month & Above
Other Cities : 15,000/Month & Above
Metro Cities : 20,000/Month & Above
Other Cities : 15,000/Month & Above
Metro Cities : 20,000/Month & Above
Other Cities : 15,000/Month & Above
NationalityResident Indian/ NRI
Resident Indian/ NRI
Resident Indian/ NRI
Fees & ChargesUnion Bank Of IndiaSBIHDFC
 
 
 
 
Processing Fees0.50% of the loan amount subject to a maximum of Rs. 15000 plus GST
0.35% of the loan amount
Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher
Other ChargesValuation/Legal/Stamp Duty/CERSAI/Memorandum registration charges as per actual.
Notary / Franking = 1500-2200 / MODT - 0.2% - 0.7% of your loan amount (based on your state) / Technical - 3000 / Legal - 3000
Delayed Instalment Payment Charges: A maximum of 18% P. A. on overdue instalment amounts.
Properties supportedUnion Bank Of IndiaSBIHDFC
 
 
 
 
Plot Purchase
Independent Building
Apartment
Resale Property
New Construction
Features & OfferingsUnion Bank Of IndiaSBIHDFC
 
 
 
 
Home Loan
Plot Cum Construction Loan
Balance Transfer
Overdraft Facility
Top Up Facility
Other OfferingsBusiness Loan
Tribal Home Loan, Reverse Mortgage
Home Renovation Loan, Home Extension Loan

Bank Highlights

Union Bank Of India Home Loan

  • Zero processing charges
  • Attractive interest rates
  • Dedicated Customer Support
  • Fast Approval and Disbursement
  • Flexible Policies

SBI Home Loan

  • Low Processing charges. No hidden costs.
  • No Prepayment penalties
  • Home loan also available as an overdraft.
  • Interest Calculation on Daily Reducing Balance
  • Wide Product Range

HDFC Home Loan

  • Great Customer Service
  • Process is Simple and Online
  • Certain Restrictions on Online Prepayments
  • Competitive Interest Rates
  • Multi Branch Banking
  • Non Salaried Cases Take Time

Disclaimer

The interest rates, maximum tenures, and other charges are subject to change, and it's advisable to check with our experts for the most current information.

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Home Loan Calculations

Union Bank Of India vs SBI vs HDFC Calculations

₹50,00,000
20 Years
Compare Home LoansUnion Bank Of IndiaSBIHDFC
 
 
 
 
Loan Amount₹ 50,00,000₹ 50,00,000₹ 50,00,000
Loan Tenure20 years20 years20 years
Rate of Interest8.50%-10.75%8.00% - 9.70%8.75% - 9.65%
Monthly EMI₹ 43,391 -
₹ NaN
₹ 41,822 -
₹ 47,261
₹ 44,185 -
₹ 47,097
Calculator

Home Loan EMI Calculator

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₹1.0 Lacs.₹10.0 Cr.
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2 %20 %
Yr
1 Yr30 Yr
Loan AmountInterest Amount
Monthly EMI
₹0
Loan Amount
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Interest Amount
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Loan Amount

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Interest Amount

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Total Payable

₹ 0

Monthly EMI

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Your Amortization details(Yearly/Monthly)

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Feature Comparison

1

Rate of Interest

When selecting a home loan from Union Bank Of India, SBI, or HDFC, the interest rate is a pivotal factor. Union Bank Of India offers rates of 8.50%-10.75%, potentially lowering your monthly repayments. SBI provides rates of 8.00% - 9.70%, which might result in significant savings over the loan's lifespan. HDFC presents rates of 8.75% - 9.65%, possibly offering the most favourable terms based on your financial objectives.

2

Loan Tenure

The loan tenure influences the duration of your repayment period. Union Bank Of India allows a maximum tenure of Max 30 years, ideal for spreading out payments to reduce monthly expenses. SBI offers a tenure of Max 30 Years, suitable for those aiming to pay off their loan more quickly. HDFC provides a tenure up to Max 30 Years, offering flexibility to match your repayment strategy.

3

Maximum Loan Amount

The maximum loan amount determines the value of the property you can purchase. Union Bank Of India finances up to Upto 5cr, catering to high-end property investments. SBI offers loans up to Upto 5cr, fitting for mid-range properties. HDFC approves maximum loan amounts of 6cr - 10cr, accommodating a wide spectrum of real estate prices.

4

Processing Fees

Processing fees affect your initial loan costs. Union Bank Of India charges a fee of 0.50% of the loan amount subject to a maximum of Rs. 15000 plus GST, which should be factored into your upfront expenses. SBI imposes a processing fee of 0.35% of the loan amount, impacting the overall cost of obtaining the loan. HDFC sets its fee at Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher, potentially providing a more economical option depending on the loan amount.


Conclusion

To find the home loan that aligns with your financial plans, consider the key features of the offerings from Union Bank Of India, SBI, and HDFC. Evaluate factors like interest rates, who qualifies, repayment periods, maximum loan limits, and any processing fees to make an informed decision.

Confused About Home Loans? We’re Here to HELP!

Get detailed answers to the most frequently asked questions, tailored for your peace of mind.

How to compare housing loans?

What is the EMI for a 20 lakh home loan?

What is the minimum cibil score for home loan?

How to increase CIBIL score fast?

Can I take 2 home loans?

How can I lower my interest rate on my home loan?

Which bank gives a 100% home loan in India?

What does Credit Dharma do?

How does Credit Dharma get the best home loans for me?

Are the services offered by Credit Dharma free?

How to compare housing loans?
When comparing housing loans, evaluate interest rates, repayment terms, associated fees, and eligibility criteria to find the best fit for your financial situation.
What is the EMI for a 20 lakh home loan?
What is the minimum cibil score for home loan?
How to increase CIBIL score fast?
Can I take 2 home loans?
How can I lower my interest rate on my home loan?
Which bank gives a 100% home loan in India?
What does Credit Dharma do?
How does Credit Dharma get the best home loans for me?
Are the services offered by Credit Dharma free?

Other Union Bank Of India Home Loan Comparison

  • Kotak Mahindra vs Union Bank Of India

  • HDFC vs Union Bank Of India

  • SBI vs Union Bank Of India

  • Bajaj Finance vs Union Bank Of India

Other SBI Home Loan Comparison

  • Kotak Mahindra vs SBI

  • HDFC vs SBI

  • Bajaj Finance vs SBI

  • Axis Bank vs SBI

Other HDFC Home Loan Comparison

  • Kotak Mahindra vs HDFC

  • SBI vs HDFC

  • Bajaj Finance vs HDFC

  • Axis Bank vs HDFC

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