Key takeaways: IDFC FIRST Bank vs Union Bank of India
- On a car loan, Union Bank of India has the lower published starting rate at 7.60%, against 8.99% at IDFC FIRST Bank.
- IDFC FIRST Bank advertises the lower starting two-wheeler loan rate here, 9%, compared with 11.10% at Union Bank of India.
- All of them publish a numeric starting rate for: car loan and two-wheeler loan. That is the part of this page you can rank like for like.
- No numeric starting rate on the loan provider's own site: IDFC FIRST Bank for home loan and Union Bank of India for personal loan. We show "Not published" instead of estimating.
- A starting rate is the best case. Ask each loan provider for its Key Fact Statement and compare the APR and total repayable amount before you choose.
Quick verdict: who each loan provider suits
Built only from figures the loan providers publish. It says where each loan provider is ahead on paper, not who will approve you.
Pick IDFC FIRST Bank if you want
- The lower published starting two-wheeler loan rate (9%)
- The widest range of loan types with a published rate (6)
Pick Union Bank of India if you want
- The lower published starting car loan rate (7.60%)
IDFC FIRST Bank vs Union Bank of India at a glance
| Detail | IDFC FIRST Bank | Union Bank of India |
|---|---|---|
| Loan provider type | Private bank | Public sector bank |
| Legal name | IDFC FIRST Bank Limited | Union Bank of India |
| Loan types with a published rate | Personal loan, Loan against property, Business loan, Education loan, Car loan, Two-wheeler loan | Home loan, Car loan, Two-wheeler loan |
| Personal loan: published rate | Starts at 9.99% p.a. | EBLR + 1.05% to EBLR + 4.35% (salaried); EBLR + 1.10% to +4.65% (non-salaried), by CIC score (w.e.f. 08.10.2026 |
| Personal loan: maximum tenure | 60 months (min 9 months) | Not published |
| Home loan: published rate | Not stated as current rate (page shows indicative 7.75% p.a. comparison) | Starts at 8.60% p.a.; EBLR - 0.85% (CIC 825+) to EBLR + 1.35% (CIC 600-649) per rate PDF w.e.f. 08.10.2026 |
| Home loan: maximum tenure | Up to 32 years salaried / 25 years self-employed | Not published |
| Official website | idfcfirstbank.com | unionbankofindia.bank.in |
Searching for Union Bank of India vs IDFC FIRST Bank instead? It is the same comparison, so both open this page.
IDFC FIRST Bank vs Union Bank of India personal loan: rate, fees and tenure
Only IDFC FIRST Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Union Bank of India does not publish a numeric starting rate for this product on its site.
| Detail | IDFC FIRST Bank | Union Bank of India |
|---|---|---|
| Published rate | Starts at 9.99% p.a. | EBLR + 1.05% to EBLR + 4.35% (salaried); EBLR + 1.10% to +4.65% (non-salaried), by CIC score (w.e.f. 08.10.2026 |
| Rate basis | Reducing balance | EBLR (repo-linked) |
| Loan amount | ₹50,000 to ₹15 lakh | Not published |
| Maximum tenure | 60 months (min 9 months) | Not published |
| Processing fee | 0% to 3.5% of loan amount (incl. GST) | Not published |
| Prepayment / foreclosure | Zero foreclosure charges | Not published |
| Eligibility (as published) | Age 21-60; CIBIL 710 or above; salaried or self-employed | Schemes for salaried, non-salaried with regular income, government employees, women professionals |
| Other terms published |
|
|
| Official source | idfcfirst.bank.in/personal-banking/loans/personal-loan | unionbankofindia.bank.in/en/listing/personal-loan unionbankofindia.bank.in/pdf/retail_roi.pdf |
Read the full guide: Personal loan
IDFC FIRST Bank vs Union Bank of India home loan: rate, fees and tenure
Only Union Bank of India publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. IDFC FIRST Bank does not publish a numeric starting rate for this product on its site.
| Detail | IDFC FIRST Bank | Union Bank of India |
|---|---|---|
| Published rate | Not stated as current rate (page shows indicative 7.75% p.a. comparison) | Starts at 8.60% p.a.; EBLR - 0.85% (CIC 825+) to EBLR + 1.35% (CIC 600-649) per rate PDF w.e.f. 08.10.2026 |
| Rate basis | Floating, repo-linked | EBLR (repo-linked); fixed option max 5 years at 11.40% to 12.65% |
| Loan amount | ₹5 lakh (FAQ) to ₹10 crore | Not published |
| Maximum tenure | Up to 32 years salaried / 25 years self-employed | Not published |
| Processing fee | Calculated on loan amount plus GST; percentage not stated | Not published |
| Prepayment / foreclosure | No foreclosure charges on floating-rate loans; floating-to-fixed switch 0.1% of sanctioned amount or ₹10,000, whichever… | None; no prepayment penalty on Union Home Loan |
| Eligibility (as published) | Salaried 21-60, 3 yrs experience, min income ₹1 lakh p.a.; self-employed 23-70, 4 yrs business continuity, min income ₹1.5 lakh… | Based on income, repayment capacity, age, margin, credit bureau record |
| Other terms published |
|
|
| Official source | idfcfirst.bank.in/personal-banking/loans/home-loan | unionbankofindia.bank.in/en/details/home-loan-interest-rate unionbankofindia.bank.in/en/details/home-loan unionbankofindia.bank.in/pdf/retail_roi.pdf |
Read the full guide: Home loan
IDFC FIRST Bank vs Union Bank of India loan against property: rate, fees and tenure
Only IDFC FIRST Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Union Bank of India does not publish a numeric starting rate for this product on its site.
| Detail | IDFC FIRST Bank | Union Bank of India |
|---|---|---|
| Published rate | 8.75% p.a. (per page title) | EBLR + 1.05% to EBLR + 3.85% by property type and CIC score (w.e.f. 08.10.2026) |
| Rate basis | Not published | EBLR (repo-linked) |
| Loan amount | Up to ₹15 crore | Not published |
| Maximum tenure | Up to 25 years | Not published |
| Eligibility (as published) | Not published | Indian citizens owning non-agricultural property with regular income |
| Other terms published |
|
|
| Official source | idfcfirst.bank.in/personal-banking/loans/loan-against-property | unionbankofindia.bank.in/en/details/union-mortgage unionbankofindia.bank.in/pdf/retail_roi.pdf |
Read the full guide: Loan against property
IDFC FIRST Bank vs Union Bank of India business loan: rate, fees and tenure
Only IDFC FIRST Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Union Bank of India does not publish a numeric starting rate for this product on its site.
| Detail | IDFC FIRST Bank | Union Bank of India |
|---|---|---|
| Published rate | Starting at 13% p.a. | Floating, linked to EBLR (no figure stated) |
| Rate basis | Fixed for term loan; dropline overdraft interest on utilised amount | EBLR |
| Loan amount | ₹7 lakh to ₹1 crore | Rs. 10 lakh to Rs. 50 crore (overdraft limit Rs. 10 crore) |
| Maximum tenure | 48 months (min 12 months) | Not published |
| Processing fee | Up to 3.5% of loan amount (term loan) plus GST | Not published |
| Eligibility (as published) | MSMEs, proprietors, partnerships, LLPs, companies; age 28-68 at maturity; turnover ₹1 crore or more; 3 years vintage | Not published |
| Other terms published |
|
|
| Official source | idfcfirst.bank.in/business-banking/loans/business-loan | unionbankofindia.bank.in/en/details/union-msme-suvidha |
Read the full guide: Business loan
IDFC FIRST Bank vs Union Bank of India gold loan: rate, fees and tenure
None of these loan providers publishes a plain starting rate for a gold loan; some tie the rate to a benchmark and add a spread, which is shown in the table as published. IDFC FIRST Bank and Union Bank of India do not publish a numeric starting rate for this product on their site.
| Detail | IDFC FIRST Bank | Union Bank of India |
|---|---|---|
| Published rate | Starts at 0.82% per month (range 0.82% to 1.67% per month) | Union Swarna Shakti (Retail): EBLR + 1.40% (male, 22K) / EBLR + 1.30% (female, 22K); MSME Gold Loan Plus: EBLR + 0.70% |
| Rate basis | Fixed, no step-up | EBLR / MCLR |
| Loan amount | ₹25,001 to ₹75,00,000 (EMI/Monthly Interest schemes); ₹20,00,000 (Bullet) | Up to Rs. 50 lakh (Retail, MSME); Rs. 25 lakh (Krishi Kamdhenu) |
| Maximum tenure | 60 months (Bullet up to 12 months) | Not published |
| Prepayment / foreclosure | Nominal foreclosure fee applies; amount not stated | Not published |
| Eligibility (as published) | Resident individuals 18-70; gold jewellery 18-22 karat | Not published |
| Other terms published |
|
|
| Official source | idfcfirst.bank.in/personal-banking/loans/gold-loan | unionbankofindia.bank.in/en/listing/gold-loan |
Read the full guide: Gold loan
IDFC FIRST Bank vs Union Bank of India education loan: rate, fees and tenure
Only IDFC FIRST Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Union Bank of India does not publish a numeric starting rate for this product on its site.
| Detail | IDFC FIRST Bank | Union Bank of India |
|---|---|---|
| Published rate | Secured 9.5% to 11.25% p.a.; unsecured 11.75% to 14% p.a. | EBLR + 2.00% (male) / +1.50% (female) up to Rs.7.50 lakh; EBLR + 1.75% / +1.25% above Rs.7.50 lakh (w.e.f. 08.10.2026) |
| Rate basis | Floating, repo-linked | EBLR |
| Loan amount | ₹1 lakh to ₹2 crore (collateral-free up to ₹1.5 crore) | Not published |
| Maximum tenure | Up to 15 years | Repayment generally 5 to 15 years after course (FAQ) |
| Processing fee | Nil up to ₹7.5 lakh; above that up to 1.5% of loan amount | Nil |
| Prepayment / foreclosure | Nil; no charge on foreclosure or part-payment | Not stated |
| Eligibility (as published) | Indian nationals incl. NRIs; age 18+; admission to authorised institution; co-applicant required | Not published |
| Other terms published |
|
|
| Official source | idfcfirst.bank.in/personal-banking/loans/education-loan | unionbankofindia.bank.in/en/details/educational-loan-for-india unionbankofindia.bank.in/pdf/retail_roi.pdf |
Read the full guide: Education loan
IDFC FIRST Bank vs Union Bank of India vehicle loans
On a car loan, Union Bank of India has the lower published starting rate at 7.60%, against 8.99% at IDFC FIRST Bank. IDFC FIRST Bank advertises the lower starting two-wheeler loan rate here, 9%, compared with 11.10% at Union Bank of India.
| Detail | IDFC FIRST Bank | Union Bank of India |
|---|---|---|
| Car loan: published rate | From 8.99% | 7.60% - 10.00% |
| Car loan: maximum tenure | 10 years (120 months) | Not published |
| Car loan: processing fee | Up to 5% of loan amount (incl. GST) | Flat ₹1,000 |
| Two-wheeler loan: published rate | From 9% | 11.10% - 11.20% |
| Two-wheeler loan: maximum tenure | 60 months | Not published |
| Two-wheeler loan: processing fee | Up to 5% (product page advertises zero processing fees) | Flat ₹500 |
Full vehicle loan comparison for IDFC FIRST Bank vs Union Bank of India (all vehicle types, EMI tables and sources) · Vehicle loans guide
Which is better: IDFC FIRST Bank or Union Bank of India?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Car loan, lower starting rate: Union Bank of India (7.60%) versus 8.99% at IDFC FIRST Bank.
- Two-wheeler loan, lower starting rate: IDFC FIRST Bank (9%) versus 11.10% at Union Bank of India.
Pick on total cost, not the headline rate: ask each loan provider for the Key Fact Statement and compare the APR and total repayable amount. A low rate with a high processing fee can cost more than a slightly higher rate with no fee. If you already bank with one of them, a salary or relationship account can change the rate you are offered, so ask.
Bank type and how each loan provider sets its rate
IDFC FIRST Bank is a private bank and Union Bank of India is a public sector bank.
How the loan providers' own pages say their rates are set:
- IDFC FIRST Bank personal loan: Reducing balance.
- IDFC FIRST Bank home loan: Floating, repo-linked.
- Union Bank of India personal loan: EBLR (repo-linked).
- Union Bank of India home loan: EBLR (repo-linked); fixed option max 5 years at 11.40% to 12.65%.
Public sector banks, private banks and non-banking finance companies (NBFCs) price differently. Banks usually link floating rates to the RBI repo rate or their own benchmark and add a spread based on your credit score; NBFCs more often quote a wider range with a higher ceiling and charge higher processing fees. Some publish a range, some only a starting rate and some only a ceiling, which is why this page compares like with like and marks every gap as not published instead of guessing.
About IDFC FIRST Bank and Union Bank of India
IDFC FIRST Bank
Private bank · IDFC FIRST Bank Limited
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on IDFC FIRST Bank's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 8.75% (Loan against property)
Union Bank of India
Public sector bank
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on Union Bank of India's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 8.60% (Home loan)
Explore each loan provider: loans, calculators and more comparisons
IDFC FIRST Bank
- IDFC FIRST Bank vehicle loans
- IDFC FIRST Bank car loan
- IDFC FIRST Bank used car loan
- IDFC FIRST Bank two-wheeler loan
More comparisons
Guides: Personal loans · Home loans · Car loan · Car loan EMI calculator · EMI calculators
What to check before you choose a loan provider
- Ask for the Key Fact Statement (KFS). RBI requires loan providers to give you one before you sign, showing the interest rate, all fees, the APR and the total amount you will repay.
- Compare APR, not the headline rate. Processing fee, documentation charges and insurance change the real cost.
- Check the rate basis. A floating rate moves with the loan provider's benchmark; a fixed rate does not. Ask when the rate resets.
- Ask about prepayment and foreclosure. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
- Read the eligibility and documents. Income, credit score, employment type and collateral decide the rate band you land in.
Terms used on this page
Plain meanings of the terms this comparison uses.
Starting rate: The lowest rate a loan provider advertises for a product. Most borrowers are offered a higher rate, because the final rate depends on credit score, income, employer and loan amount.
APR: Annual percentage rate. It adds the processing fee and other charges to the interest rate, so it shows the yearly cost of the loan better than the interest rate alone.
Key Fact Statement: A short summary the loan provider gives you before you sign. It lists the interest rate, every fee, the APR and the total amount you will repay. RBI requires it for retail loans.
Floating rate and repo rate: A floating rate moves with a benchmark, and for banks that is usually the RBI repo rate, the rate at which RBI lends to banks. A fixed rate stays the same for the period you agree.
Processing fee: A one-time charge for handling the application. It is usually a percentage of the loan amount plus GST, and it is often deducted before the money reaches you.
Credit score: A number from 300 to 900 that shows how you have repaid past loans and cards. A higher score usually gets you a lower rate.
Sources, method and last check
Every figure above comes from the loan provider's own website. We checked them on 12 October 2026 (vehicle loan figures on 4 October 2026) and list the pages used.
- IDFC FIRST Bank: idfcfirst.bank.in/personal-banking/loans/personal-loan · idfcfirst.bank.in/personal-banking/loans/home-loan · idfcfirst.bank.in/personal-banking/loans/loan-against-property · idfcfirst.bank.in/business-banking/loans/business-loan · idfcfirst.bank.in/personal-banking/loans/gold-loan · idfcfirst.bank.in/personal-banking/loans/education-loan
- Union Bank of India: unionbankofindia.bank.in/en/listing/personal-loan · unionbankofindia.bank.in/pdf/retail_roi.pdf · unionbankofindia.bank.in/en/details/home-loan-interest-rate · unionbankofindia.bank.in/en/details/home-loan · unionbankofindia.bank.in/en/details/union-mortgage · unionbankofindia.bank.in/en/details/union-msme-suvidha
| Loan provider | Official pages opened | Loan types with a published rate | Loan types where rate is not published | Last checked |
|---|---|---|---|---|
| IDFC FIRST Bank | 10 | 6 | 2 | 12 October 2026 |
| Union Bank of India | 10 | 3 | 5 | 12 October 2026 |
A "not published" count means we opened the loan provider's page for that product and the rate was not shown there, or the loan provider has no such page on its site. If you spot an error, tell us and we will correct it.
Method: we list only figures we could read on the loan provider's official pages. A blank means the loan provider does not publish that figure on the page we checked, and we never estimate one. Rankings use the published starting rate and published maximum tenure only. Read our editorial policy, how we make money and tell us about an error.
More loan provider comparisons
IDFC FIRST Bank compared with other loan providers (13)
Union Bank of India compared with other loan providers (12)
Compare any two or three loan providers · Personal loans · Home loans · Vehicle loans
Frequently asked questions
Which is better: IDFC FIRST Bank or Union Bank of India?
On a car loan, Union Bank of India has the lower published starting rate at 7.60%, against 8.99% at IDFC FIRST Bank. IDFC FIRST Bank advertises the lower starting two-wheeler loan rate here, 9%, compared with 11.10% at Union Bank of India. A starting rate is the best case, not a typical offer, so confirm the annual percentage rate (APR) and total repayable amount in each loan provider's Key Fact Statement. Figures are as published on the loan providers' own websites and checked 12 October 2026. The better choice depends on your profile, the loan type, the amount and the fees in your offer letter.
Union Bank of India or IDFC FIRST Bank: which should I pick for a loan?
Order does not change the comparison, so IDFC FIRST Bank vs Union Bank of India and Union Bank of India vs IDFC FIRST Bank are the same page. Start with the loan type you need: the sections above show each loan provider's published rate, fees, tenure and prepayment terms for it, and the lower starting rate is not always the lower total cost.
What is the personal loan processing fee at IDFC FIRST Bank and Union Bank of India?
IDFC FIRST Bank: 0% to 3.5% of loan amount (incl. GST). Union Bank of India: not published. Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the home loan processing fee at IDFC FIRST Bank and Union Bank of India?
IDFC FIRST Bank: Calculated on loan amount plus GST; percentage not stated. Union Bank of India: not published. Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the maximum home loan tenure at IDFC FIRST Bank and Union Bank of India?
IDFC FIRST Bank: up to 32 years salaried / 25 years self-employed. Union Bank of India: not published.
How much personal loan can I get from IDFC FIRST Bank and Union Bank of India?
IDFC FIRST Bank: ₹50,000 to ₹15 lakh. Union Bank of India: not published. The loan provider decides the final amount from your income, credit score and existing obligations.
Can I prepay or foreclose a home loan early at IDFC FIRST Bank and Union Bank of India?
IDFC FIRST Bank: No foreclosure charges on floating-rate loans; floating-to-fixed switch 0.1% of sanctioned amount or ₹10,000, whichever…. Union Bank of India: None; no prepayment penalty on Union Home Loan. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which loans do IDFC FIRST Bank and Union Bank of India publish rates for?
IDFC FIRST Bank: personal loan, loan against property, business loan, education loan. Union Bank of India: home loan. Based on each loan provider's own website, checked 12 October 2026.
Which is better for a car loan: IDFC FIRST Bank or Union Bank of India?
On a car loan, Union Bank of India has the lower published starting rate at 7.60%, against 8.99% at IDFC FIRST Bank. See the full vehicle loan comparison for tenure, fees and EMI tables.
Are IDFC FIRST Bank and Union Bank of India regulated by the RBI?
IDFC FIRST Bank and Union Bank of India are banks regulated by the Reserve Bank of India (RBI). Check a loan provider's registration on the RBI website before you apply, and apply only through its official channels.
How do I compare IDFC FIRST Bank and Union Bank of India on real cost, not just the rate?
Ask each loan provider for its Key Fact Statement, then compare three numbers: the APR, the total amount you repay and the fees charged upfront, such as processing fee, documentation charge and insurance. The loan with the lower APR and the lower total repayment is the cheaper one, even when its headline rate looks higher.
Does my credit score change the rate at IDFC FIRST Bank and Union Bank of India?
Yes. Loan providers keep their lowest published rate for borrowers with a strong credit score, usually 750 and above, and steady income. A lower score or a short work history usually means a higher rate, a higher processing fee or a smaller loan amount.
Are the rates on this page the rate I will get?
No. They are the rates the loan providers publish, usually a range or a starting rate. Your approved rate depends on your credit score, income, loan amount, tenure and, for secured loans, the asset. Always read the Key Fact Statement before you sign.
Does KhatuLoans lend money or charge for this comparison?
KhatuLoans is not a loan provider. The loan provider decides approval, rate and terms. Our comparisons are free to read, and we are not paid by the loan providers named here to rank them. See how we make money on our advertiser disclosure page.
KhatuLoans is not a loan provider and is not paid by the loan providers named here to rank them. Rates, fees and eligibility change; always confirm with the loan provider. Read our editorial policy and how we make money.