PNB vs Union Home Loan, 2026.
Reviewed by Jay Patel· Last reviewed:
Punjab National Bank and Union Bank side by side — interest rate, EMI, processing fee and fine print — so you can see which one suits your profile.
PNB vs Union — Home Loan Comparison
Key parameters compared side by side.
| Parameter | PNB | Union |
|---|---|---|
| Interest Rate (p.a.) | 7.25% – 9.2% | 7.15% – 9.6% |
| Processing Fee | 0.35% (min ₹2,500, max ₹15,000) | 0.50% (max ₹15,000) |
| Max Loan Amount | Rs 8 Cr | Rs 5 Cr |
| Max Tenure | 30 Years | 30 Years |
| Bank Type | Public Sector | Public Sector |
| Founded | 1894 | 1919 |
| Headquarters | New Delhi | Mumbai |
Interest Rate (p.a.)
PNB
7.25% – 9.2%
Union
7.15% – 9.6%
Lower/better: Union
Processing Fee
PNB
0.35% (min ₹2,500, max ₹15,000)
Union
0.50% (max ₹15,000)
Max Loan Amount
PNB
Rs 8 Cr
Union
Rs 5 Cr
Lower/better: PNB
Max Tenure
PNB
30 Years
Union
30 Years
Bank Type
PNB
Public Sector
Union
Public Sector
Founded
PNB
1894
Union
1919
Headquarters
PNB
New Delhi
Union
Mumbai
Rates as of September 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 50 Lakh home loan for 20 years at each bank's listed starting rate.
PNB
Union
Savings: Choosing Union saves you approximately ₹303 per month, or ₹72,720 in total interest over the loan tenure.
Feature Comparison
Key features offered by PNB and Union for home loan.
| Feature | PNB | Union |
|---|---|---|
| PNB Housing scheme | ||
| Special rate for women | ||
| Charges listed in the Key Fact Statement | ||
| Pan-India branch network | ||
| Union Home scheme | ||
| Special rate for defence personnel | ||
| No prepayment penalty | ||
| Wide branch network |
PNB Housing scheme
Special rate for women
Charges listed in the Key Fact Statement
Pan-India branch network
Union Home scheme
Special rate for defence personnel
No prepayment penalty
Wide branch network
Which Is Better — PNB or Union?
It depends on your priorities. Here is a quick guide.
Choose PNB If...
- Higher max loan amount (Rs 8 Cr vs 5 Cr)
- Government-backed (public sector bank)
- Lower maximum rate (9.2% vs 9.6%)
Choose Union If...
- Lower starting interest rate (7.15% vs 7.25%)
- 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 home loan at both banks.
PNB 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 PNB vs Union home loan.
Which bank has a lower home loan interest rate in 2026 — PNB or Union?
Union currently shows a lower published starting rate of 7.15% p.a. for home loan. 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 home loan amount I can get from PNB vs Union?
PNB offers a higher maximum loan amount of up to Rs 8 Cr. PNB offers up to Rs 8 Cr while Union offers up to Rs 5 Cr for home loan.
Which bank charges a lower processing fee for home loan — PNB or Union?
PNB lists a processing fee of 0.35% (min ₹2,500, max ₹15,000), while Union lists 0.50% (max ₹15,000). 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 PNB or Union for home loan in 2026?
The best choice depends on your specific needs. PNB offers rates from 7.25%–9.2% with a max tenure of 30 years, while Union offers 7.15%–9.6% 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 home loan from both PNB and Union?
Money Matrix Hub can help you compare available lender information for PNB 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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