Kotak vs Union Loan Against Property, 2026.
Reviewed by Jay Patel· Last reviewed: stale
A ledger-columns read on Kotak Mahindra Bank and Union Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
Kotak vs Union — Loan Against Property Comparison
Key parameters compared side by side.
| Parameter | Kotak | Union |
|---|---|---|
| Interest Rate (p.a.) | 9.25% – 12% | 8.9% – 11% |
| Processing Fee | 1.00% (max Rs 50,000) | 0.50% (max Rs 50,000) |
| Max Loan Amount | Rs 5 Cr | Rs 5 Cr |
| Max Tenure | 18 Years | 15 Years |
| Bank Type | Private Sector | Public Sector |
| Founded | 1985 | 1919 |
| Headquarters | Mumbai | Mumbai |
Interest Rate (p.a.)
Kotak
9.25% – 12%
Union
8.9% – 11%
Lower/better: Union
Processing Fee
Kotak
1.00% (max Rs 50,000)
Union
0.50% (max Rs 50,000)
Max Loan Amount
Kotak
Rs 5 Cr
Union
Rs 5 Cr
Max Tenure
Kotak
18 Years
Union
15 Years
Lower/better: Kotak
Bank Type
Kotak
Private Sector
Union
Public Sector
Founded
Kotak
1985
Union
1919
Headquarters
Kotak
Mumbai
Union
Mumbai
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 30 Lakh LAP for 15 years at each bank's lowest rate.
Kotak
Union
Savings: Choosing Union saves you approximately ₹626 per month, or ₹1,12,680 in total interest over the loan tenure.
Feature Comparison
Key features offered by Kotak and Union for loan against property.
| Feature | Kotak | Union |
|---|---|---|
| Up to 65% LTV | ||
| Flexi OD available | ||
| Quick valuation turnaround | ||
| Balance transfer + top-up | ||
| Up to 60% LTV | ||
| Competitive rates | ||
| Quick turnaround | ||
| Both property types accepted |
Up to 65% LTV
Flexi OD available
Quick valuation turnaround
Balance transfer + top-up
Up to 60% LTV
Competitive rates
Quick turnaround
Both property types accepted
Which Is Better — Kotak or Union?
It depends on your priorities. Here is a quick guide.
Choose Kotak If...
- Longer max tenure (18 yrs vs 15 yrs)
Choose Union If...
- Lower starting interest rate (8.9% vs 9.25%)
- Government-backed (public sector bank)
- Lower maximum rate (11% vs 12%)
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 loan against property at both banks.
Kotak Eligibility
- Property must be free from encumbrance
- CIBIL score: 700+ preferred
- Salaried or self-employed applicants
- Min income: Rs 30,000 per month
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Union Eligibility
- Property must be free from encumbrance
- CIBIL score: 650+ preferred
- Salaried or self-employed applicants
- Min income: Rs 25,000 per month
- Age: 21–65 years at loan maturity
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about Kotak vs Union loan against property.
Which bank has a lower loan against property interest rate in 2026 — Kotak or Union?
Union currently offers a lower starting rate of 8.9% p.a. for loan against property. 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 loan against property amount I can get from Kotak vs Union?
Kotak offers a higher maximum loan amount of up to Rs 5 Cr. Kotak offers up to Rs 5 Cr while Union offers up to Rs 5 Cr for loan against property.
Which bank charges a lower processing fee for loan against property — Kotak or Union?
Kotak charges a processing fee of 1.00% (max Rs 50,000), while Union charges 0.50% (max Rs 50,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
Should I choose Kotak or Union for loan against property in 2026?
The best choice depends on your specific needs. Kotak offers rates from 9.25%–12% with a max tenure of 18 years, while Union offers 8.9%–11% with 15 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a loan against property from both Kotak and Union?
Yes. Money Matrix Hub is an authorised DSA partner for both Kotak 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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