Union vs Tata Loan Against Property, 2026.
Reviewed by Jay Patel· Last reviewed:
A ledger-columns read on Union Bank and Tata Capital— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
Union vs Tata — Loan Against Property Comparison
Key parameters compared side by side.
| Parameter | Union | Tata |
|---|---|---|
| Interest Rate (p.a.) | 8.9% – 11% | 9% – 11.75% |
| Processing Fee | 0.50% (max Rs 50,000) | 1.00% (max Rs 75,000) |
| Max Loan Amount | Rs 5 Cr | Rs 7.5 Cr |
| Max Tenure | 15 Years | 18 Years |
| Bank Type | Public Sector | NBFC |
| Founded | 1919 | 2007 |
| Headquarters | Mumbai | Mumbai |
Interest Rate (p.a.)
Union
8.9% – 11%
Tata
9% – 11.75%
Lower/better: Union
Processing Fee
Union
0.50% (max Rs 50,000)
Tata
1.00% (max Rs 75,000)
Max Loan Amount
Union
Rs 5 Cr
Tata
Rs 7.5 Cr
Lower/better: Tata
Max Tenure
Union
15 Years
Tata
18 Years
Lower/better: Tata
Bank Type
Union
Public Sector
Tata
NBFC
Founded
Union
1919
Tata
2007
Headquarters
Union
Mumbai
Tata
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.
Union
Tata
Savings: Choosing Union saves you approximately ₹178 per month, or ₹32,040 in total interest over the loan tenure.
Feature Comparison
Key features offered by Union and Tata for loan against property.
| Feature | Union | Tata |
|---|---|---|
| Up to 60% LTV | ||
| Competitive rates | ||
| Quick turnaround | ||
| Both property types accepted | ||
| Up to 65% LTV | ||
| Flexi repayment | ||
| Competitive NBFC rates | ||
| Balance transfer accepted |
Up to 60% LTV
Competitive rates
Quick turnaround
Both property types accepted
Up to 65% LTV
Flexi repayment
Competitive NBFC rates
Balance transfer accepted
Which Is Better — Union or Tata?
It depends on your priorities. Here is a quick guide.
Choose Union If...
- Lower starting interest rate (8.9% vs 9%)
- Government-backed (public sector bank)
- Lower maximum rate (11% vs 11.75%)
Choose Tata If...
- Higher max loan amount (Rs 7.5 Cr vs 5 Cr)
- Longer max tenure (18 yrs vs 15 yrs)
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.
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.
Tata 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.
Frequently Asked Questions
Common questions about Union vs Tata loan against property.
Which bank has a lower loan against property interest rate in 2026 — Union or Tata?
Union 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 Union vs Tata?
Tata offers a higher maximum loan amount of up to Rs 7.5 Cr. Union offers up to Rs 5 Cr while Tata offers up to Rs 7.5 Cr for loan against property.
Which bank charges a lower processing fee for loan against property — Union or Tata?
Union lists a processing fee of 0.50% (max Rs 50,000), while Tata lists 1.00% (max Rs 75,000). 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 Union or Tata for loan against property in 2026?
The best choice depends on your specific needs. Union offers rates from 8.9%–11% with a max tenure of 15 years, while Tata offers 9%–11.75% with 18 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 Union and Tata?
Money Matrix Hub can help you compare available lender information for Union and Tata. 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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