HDFC vs Union Balance Transfer, 2026.
Reviewed by Jay Patel· Last reviewed:
A ledger-columns read on HDFC Bank and Union Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
HDFC vs Union — Balance Transfer Comparison
Key parameters compared side by side.
| Parameter | HDFC | Union |
|---|---|---|
| Interest Rate (p.a.) | 8.35% – 9.1% | 8.3% – 9.1% |
| Processing Fee | 0.50% (max Rs 15,000) | 0.50% (max Rs 10,000) |
| Max Loan Amount | Rs 10 Cr | Rs 5 Cr |
| Max Tenure | 30 Years | 30 Years |
| Bank Type | Private Sector | Public Sector |
| Founded | 1994 | 1919 |
| Headquarters | Mumbai | Mumbai |
Interest Rate (p.a.)
HDFC
8.35% – 9.1%
Union
8.3% – 9.1%
Lower/better: Union
Processing Fee
HDFC
0.50% (max Rs 15,000)
Union
0.50% (max Rs 10,000)
Max Loan Amount
HDFC
Rs 10 Cr
Union
Rs 5 Cr
Lower/better: HDFC
Max Tenure
HDFC
30 Years
Union
30 Years
Bank Type
HDFC
Private Sector
Union
Public Sector
Founded
HDFC
1994
Union
1919
Headquarters
HDFC
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 listed starting rate.
HDFC
Union
Savings: Choosing Union saves you approximately ₹158 per month, or ₹37,920 in total interest over the loan tenure.
Feature Comparison
Key features offered by HDFC and Union for balance transfer.
| Feature | HDFC | Union |
|---|---|---|
| Top-up up to 25% | ||
| Dedicated BT relationship manager | ||
| Legal & technical done in 3 days | ||
| Pre-approved for select profiles | ||
| Attractive BT rates | ||
| Top-up available | ||
| Dedicated BT processing | ||
| Minimal documentation |
Top-up up to 25%
Dedicated BT relationship manager
Legal & technical done in 3 days
Pre-approved for select profiles
Attractive BT rates
Top-up available
Dedicated BT processing
Minimal documentation
Which Is Better — HDFC or Union?
It depends on your priorities. Here is a quick guide.
Choose HDFC If...
- Higher max loan amount (Rs 10 Cr vs 5 Cr)
Choose Union If...
- Lower starting interest rate (8.3% vs 8.35%)
- 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.
HDFC 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 HDFC vs Union balance transfer.
Which bank has a lower balance transfer interest rate in 2026 — HDFC or Union?
Union currently shows a lower published starting rate of 8.3% 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 HDFC vs Union?
HDFC offers a higher maximum loan amount of up to Rs 10 Cr. HDFC 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 — HDFC or Union?
HDFC lists a processing fee of 0.50% (max Rs 15,000), 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 HDFC or Union for balance transfer in 2026?
The best choice depends on your specific needs. HDFC offers rates from 8.35%–9.1% 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 HDFC and Union?
Money Matrix Hub can help you compare available lender information for HDFC 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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