Public sector bank
Union Bank of India
A large public sector bank with a strong home loan and MSME focus.
Best for: Home buyers seeking public sector bank pricing.
Apply with pre-screening
We check your profile against Union Bank's policy and others on the panel before any application.
Typical strengths
- Competitive home loan rates
- Strong MSME schemes
- Wide branch network
Interest rates, fees and eligibility shown on this site are indicative, vary by lender and borrower profile, and are subject to change without notice. Always read the lender's Key Fact Statement (KFS) before signing. Loan approval and terms are decided solely by Union Bank of India under its credit policy.
Products
What we arrange with Union Bank
- Home Loan
- Personal Loan
- Car Loan
- Education Loan
- Business Loan
- Gold Loan
Home Loan
Home loans from ₹5 lakh to ₹10 crore at floating rates from about 7.35% p.a., with up to 90% funding and tenures up to 30 years, across banks and housing finance companies.
- Rate from
- 7.35% p.a.
- Up to
- ₹10 Cr
Personal Loan
Collateral-free personal loans from ₹50,000 to ₹50 lakh at rates starting around 10.25% p.a., with disbursal typically within 48 hours of approval.
- Rate from
- 10.25% p.a.
- Up to
- ₹50 L
Car Loan
New car loans covering up to 100% of on-road price at rates from about 8.5% p.a., with tenures up to 7 years, across banks and captive finance companies.
- Rate from
- 8.50% p.a.
- Up to
- ₹2 Cr
Education Loan
Education loans for studies in India and abroad, from ₹2 lakh to ₹1.5 crore, at rates from about 8.5% p.a., with moratorium during the course and tenures up to 15 years.
- Rate from
- 8.50% p.a.
- Up to
- ₹1.5 Cr
Our read
Where Union Bank fits
Union Bank of India is a straightforward public sector choice for a home loan on a standard property, with pricing that sits alongside its peers and a wide branch network that makes it accessible outside the metros. Its MSME schemes are worth a look for a small business with clean accounts.
We tend to place files here when a borrower wants public sector pricing, has documented income, and is served by a nearby branch. It rarely wins on speed, and it is not the answer for a complex or informal-income file.
Worth knowing
- The process is branch-led and paperwork-heavy, so the timeline needs planning.
- Little flexibility on unusual property or undocumented income.
Our assessment, not a statement of Union Bank of India’s policy. Terms are set by the lender and can change.
Questions
Union Bank: common questions
Is this a good first choice for a home loan?
It is a reasonable one for a standard property and documented income. Whether it beats the other public sector options for you depends on the scheme you qualify for, which we check.
Does it lend to small businesses?
Yes, through structured MSME schemes. A firm with audited accounts and steady banking is the right fit; informal books are not.
What if my nearest branch is far away?
That matters more here than at a digital lender, because the file is handled locally. We factor branch access into the recommendation rather than ignoring it.
Compare
Other public sector banks on the panel
The best lender for you depends on your profile. We compare before you apply.
State Bank of India
Public sector bankGovernment employees, home buyers seeking the lowest published rates, and education loan applicants.
Bank of Baroda
Public sector bankSalaried home and car buyers and MSMEs seeking bank pricing.
Punjab National Bank
Public sector bankGovernment and PSU employees in North India.
Is Union Bank the right lender for you?
Share your requirement and we will compare it against the whole panel, at no cost and with no bureau enquiry.