PNB vs Union Loan Against Property, 2026.
Reviewed by Jay Patel· Last reviewed:
A ledger-columns read on Punjab National Bank and Union Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
PNB vs Union — Loan Against Property Comparison
Key parameters compared side by side.
| Parameter | PNB | Union |
|---|---|---|
| Interest Rate (p.a.) | 8.9% – 10.9% | 8.9% – 11% |
| Processing Fee | 0.50% (max Rs 50,000) | 0.50% (max Rs 50,000) |
| Max Loan Amount | Rs 5 Cr | Rs 5 Cr |
| Max Tenure | 15 Years | 15 Years |
| Bank Type | Public Sector | Public Sector |
| Founded | 1894 | 1919 |
| Headquarters | New Delhi | Mumbai |
Interest Rate (p.a.)
PNB
8.9% – 10.9%
Union
8.9% – 11%
Processing Fee
PNB
0.50% (max Rs 50,000)
Union
0.50% (max Rs 50,000)
Max Loan Amount
PNB
Rs 5 Cr
Union
Rs 5 Cr
Max Tenure
PNB
15 Years
Union
15 Years
Bank Type
PNB
Public Sector
Union
Public Sector
Founded
PNB
1894
Union
1919
Headquarters
PNB
New Delhi
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 listed starting rate.
PNB
Union
Feature Comparison
Key features offered by PNB and Union for loan against property.
| Feature | PNB | Union |
|---|---|---|
| Up to 60% LTV | ||
| Competitive PSU bank rates | ||
| Rural property also accepted | ||
| No prepayment charges | ||
| Competitive rates | ||
| Quick turnaround | ||
| Both property types accepted |
Up to 60% LTV
Competitive PSU bank rates
Rural property also accepted
No prepayment charges
Competitive rates
Quick turnaround
Both property types accepted
Which Is Better — PNB or Union?
It depends on your priorities. Here is a quick guide.
Choose PNB If...
- Government-backed (public sector bank)
- Lower maximum rate (10.9% vs 11%)
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 loan against property at both banks.
PNB 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.
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 PNB vs Union loan against property.
Which bank has a lower loan against property interest rate in 2026 — PNB or Union?
PNB currently shows a lower published starting rate of 8.9% p.a. for loan against property. 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 loan against property amount I can get from PNB vs Union?
PNB offers a higher maximum loan amount of up to Rs 5 Cr. PNB 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 — PNB or Union?
PNB lists a processing fee of 0.50% (max Rs 50,000), while Union lists 0.50% (max Rs 50,000). 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 loan against property in 2026?
The best choice depends on your specific needs. PNB offers rates from 8.9%–10.9% with a max tenure of 15 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 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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