BoB vs Union Balance Transfer, 2026.
Reviewed by Jay Patel· Last reviewed:
A ledger-columns read on Bank of Baroda and Union Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
BoB vs Union — Balance Transfer Comparison
Key parameters compared side by side.
| Parameter | BoB | Union |
|---|---|---|
| Interest Rate (p.a.) | 8.25% – 9% | 8.3% – 9.1% |
| Processing Fee | 0.25% (max Rs 7,500) | 0.50% (max Rs 10,000) |
| Max Loan Amount | Rs 10 Cr | Rs 5 Cr |
| Max Tenure | 30 Years | 30 Years |
| Bank Type | Public Sector | Public Sector |
| Founded | 1908 | 1919 |
| Headquarters | Vadodara | Mumbai |
Interest Rate (p.a.)
BoB
8.25% – 9%
Union
8.3% – 9.1%
Lower/better: BoB
Processing Fee
BoB
0.25% (max Rs 7,500)
Union
0.50% (max Rs 10,000)
Max Loan Amount
BoB
Rs 10 Cr
Union
Rs 5 Cr
Lower/better: BoB
Max Tenure
BoB
30 Years
Union
30 Years
Bank Type
BoB
Public Sector
Union
Public Sector
Founded
BoB
1908
Union
1919
Headquarters
BoB
Vadodara
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 listed starting rate.
BoB
Union
Savings: Choosing BoB saves you approximately ₹157 per month, or ₹37,680 in total interest over the loan tenure.
Feature Comparison
Key features offered by BoB and Union for balance transfer.
| Feature | BoB | Union |
|---|---|---|
| Listed BT processing fee | ||
| Top-up facility | ||
| Government-employee criteria may vary | ||
| Review all applicable charges | ||
| Attractive BT rates | ||
| Top-up available | ||
| Dedicated BT processing | ||
| Minimal documentation |
Listed BT processing fee
Top-up facility
Government-employee criteria may vary
Review all applicable charges
Attractive BT rates
Top-up available
Dedicated BT processing
Minimal documentation
Which Is Better — BoB or Union?
It depends on your priorities. Here is a quick guide.
Choose BoB If...
- Lower starting interest rate (8.25% vs 8.3%)
- Higher max loan amount (Rs 10 Cr vs 5 Cr)
- Government-backed (public sector bank)
- Lower maximum rate (9% vs 9.1%)
Choose Union If...
- Government-backed (public sector bank)
Need context for this comparison? Contact Money Matrix Hub to discuss the displayed lender information. Any service terms and lender decisions should be confirmed before proceeding.
Eligibility Comparison
General eligibility criteria for balance transfer at both banks.
BoB 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.
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 BoB vs Union balance transfer.
Which bank has a lower balance transfer interest rate in 2026 — BoB or Union?
BoB currently shows a lower published starting rate of 8.25% p.a. for balance transfer. However, the actual rate you receive depends on lender eligibility, current documentation, credit score, income, and loan amount. Money Matrix Hub can help you compare available lender information from both banks.
What is the maximum balance transfer amount I can get from BoB vs Union?
BoB offers a higher maximum loan amount of up to Rs 10 Cr. BoB offers up to Rs 10 Cr while Union offers up to Rs 5 Cr for balance transfer.
Which bank charges a lower processing fee for balance transfer — BoB or Union?
BoB lists a processing fee of 0.25% (max Rs 7,500), while Union lists 0.50% (max Rs 10,000). Fees and waivers can depend on lender policy and borrower eligibility, so confirm the current Key Fact Statement before accepting an offer.
Should I choose BoB or Union for balance transfer in 2026?
The best choice depends on your specific needs. BoB offers rates from 8.25%–9% 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 BoB and Union?
Money Matrix Hub can help you compare available lender information for BoB and Union. Any application, credit enquiry, offer, sanction decision, lender fee, and borrower charge are subject to the relevant lender's current policy and documentation.
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