PNB vs Union Loan Against Property, 2026.
Reviewed by Jay Patel· Last reviewed: stale
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 lowest 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)
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.
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 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 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 charges a processing fee of 0.50% (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 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?
Yes. Money Matrix Hub is an authorised DSA partner for both PNB 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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