PNB vs Union Balance Transfer, 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 — Balance Transfer Comparison
Key parameters compared side by side.
| Parameter | PNB | Union |
|---|---|---|
| Interest Rate (p.a.) | 8.3% – 9.05% | 8.3% – 9.1% |
| Processing Fee | 0.35% (max Rs 10,000) | 0.50% (max Rs 10,000) |
| 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
8.3% – 9.05%
Union
8.3% – 9.1%
Processing Fee
PNB
0.35% (max Rs 10,000)
Union
0.50% (max Rs 10,000)
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 April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 50 Lakh balance transfer for 20 years at each bank's lowest rate.
PNB
Union
Feature Comparison
Key features offered by PNB and Union for balance transfer.
| Feature | PNB | Union |
|---|---|---|
| Attractive BT rates | ||
| Women borrower discount | ||
| Top-up available | ||
| Quick sanction | ||
| Dedicated BT processing | ||
| Minimal documentation |
Attractive BT rates
Women borrower discount
Top-up available
Quick sanction
Dedicated BT processing
Minimal documentation
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 (9.05% vs 9.1%)
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 balance transfer 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 balance transfer.
Which bank has a lower balance transfer interest rate in 2026 — PNB or Union?
PNB currently offers a lower starting rate of 8.3% p.a. for balance transfer. 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 balance transfer 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 balance transfer.
Which bank charges a lower processing fee for balance transfer — PNB or Union?
PNB charges a processing fee of 0.35% (max Rs 10,000), while Union charges 0.50% (max Rs 10,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
Should I choose PNB or Union for balance transfer in 2026?
The best choice depends on your specific needs. PNB offers rates from 8.3%–9.05% with a max tenure of 30 years, while Union offers 8.3%–9.1% 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 balance transfer 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.
Also Compare PNB vs Union
Related Balance Transfer Comparisons
View Individual Bank Pages
Want Jay to compare your rate across 40+ banks?
Jay or Rushik will reply on WhatsApp — usually within a few hours. Free, no obligation.