Axis vs Union Balance Transfer, 2026.
Reviewed by Jay Patel· Last reviewed: stale
A ledger-columns read on Axis Bank and Union Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
Axis vs Union — Balance Transfer Comparison
Key parameters compared side by side.
| Parameter | Axis | Union |
|---|---|---|
| Interest Rate (p.a.) | 8.4% – 9.2% | 8.3% – 9.1% |
| Processing Fee | 0.50% (max Rs 10,000) | 0.50% (max Rs 10,000) |
| Max Loan Amount | Rs 5 Cr | Rs 5 Cr |
| Max Tenure | 30 Years | 30 Years |
| Bank Type | Private Sector | Public Sector |
| Founded | 1993 | 1919 |
| Headquarters | Mumbai | Mumbai |
Interest Rate (p.a.)
Axis
8.4% – 9.2%
Union
8.3% – 9.1%
Lower/better: Union
Processing Fee
Axis
0.50% (max Rs 10,000)
Union
0.50% (max Rs 10,000)
Max Loan Amount
Axis
Rs 5 Cr
Union
Rs 5 Cr
Max Tenure
Axis
30 Years
Union
30 Years
Bank Type
Axis
Private Sector
Union
Public Sector
Founded
Axis
1993
Union
1919
Headquarters
Axis
Mumbai
Union
Mumbai
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 50 Lakh balance transfer for 20 years at each bank's lowest rate.
Axis
Union
Savings: Choosing Union saves you approximately ₹315 per month, or ₹75,600 in total interest over the loan tenure.
Feature Comparison
Key features offered by Axis and Union for balance transfer.
| Feature | Axis | Union |
|---|---|---|
| Up to 20% top-up | ||
| 48-hour conditional sanction | ||
| Competitive BT-specific rates | ||
| Dedicated BT desk | ||
| Attractive BT rates | ||
| Top-up available | ||
| Dedicated BT processing | ||
| Minimal documentation |
Up to 20% top-up
48-hour conditional sanction
Competitive BT-specific rates
Dedicated BT desk
Attractive BT rates
Top-up available
Dedicated BT processing
Minimal documentation
Which Is Better — Axis or Union?
It depends on your priorities. Here is a quick guide.
Choose Axis If...
- Trusted brand with strong balance transfer offerings
Choose Union If...
- Lower starting interest rate (8.3% vs 8.4%)
- Government-backed (public sector bank)
- Lower maximum rate (9.1% vs 9.2%)
Still unsure? Contact Money Matrix Hub for a free personalised recommendation based on your income, credit score, and loan requirement.
Eligibility Comparison
General eligibility criteria for balance transfer at both banks.
Axis Eligibility
- CIBIL score: 700+ preferred
- Min income: Rs 25,000 per month (salaried)
- Self-employed: 3+ years of business vintage
- Age: 21–65 years (salaried), 25–70 years (self-employed)
- Indian resident or NRI (with conditions)
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Union Eligibility
- CIBIL score: 650+ preferred
- Min income: Rs 20,000 per month (salaried)
- Self-employed: 3+ years of business vintage
- Age: 21–65 years (salaried), 25–70 years (self-employed)
- Indian resident or NRI (with conditions)
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about Axis vs Union balance transfer.
Which bank has a lower balance transfer interest rate in 2026 — Axis or Union?
Union currently offers a lower starting rate of 8.3% p.a. for balance transfer. However, the actual rate you receive depends on your credit score, income, and loan amount. Money Matrix Hub can help you get the best negotiated rate from both banks.
What is the maximum balance transfer amount I can get from Axis vs Union?
Axis offers a higher maximum loan amount of up to Rs 5 Cr. Axis offers up to Rs 5 Cr while Union offers up to Rs 5 Cr for balance transfer.
Which bank charges a lower processing fee for balance transfer — Axis or Union?
Axis charges a processing fee of 0.50% (max Rs 10,000), while Union charges 0.50% (max Rs 10,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
Should I choose Axis or Union for balance transfer in 2026?
The best choice depends on your specific needs. Axis offers rates from 8.4%–9.2% with a max tenure of 30 years, while Union offers 8.3%–9.1% with 30 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a balance transfer from both Axis and Union?
Yes. Money Matrix Hub is an authorised DSA partner for both Axis and Union. We can submit parallel applications at no extra cost and help you pick the best sanction offer. Our service is 100% free for borrowers.
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