UCO Bank Home Loan EMI Calculator

Q: How can I pay my UCO Bank home loan EMI online?

You can pay your UCO Bank home loan EMI online through NEFT, net banking, or other online transfer methods.

Q: Can we pay more than the EMI amount on a UCO Bank home loan?

You can pay more than the EMI amount on a UCO Bank home loan.

Q: What happens if a UCO Bank home loan EMI is missed?

If you miss a UCO Bank home loan EMI, a penalty may be imposed depending on your overall credit profile and the bank's policies.

Q: Is it possible to renegotiate the interest rate on my UCO Bank home loan?

You can negotiate a new interest rate for your UCO Bank home loan based on the bank's current policies and your financial standing. Regularly communicating with your bank representative is advisable.

Q: Can I make prepayments on my UCO Bank home loan?

UCO Bank allows prepayments on home loans, which can either reduce your future EMIs or shorten the loan tenure, based on the bank's terms.

Principal Amount

Interest Amount

Monthly EMI

₹ 28,950.65

Principal Amount

₹ 30,00,000

Interest Amount

₹ 39,48,155.84

Tenure (Years)

20 Years

Total Amount

₹ 69,48,155.84

Your Amortization Details (Yearly/Monthly)

2024

Month	Principal Paid	Interest Charged	Total Payment	Balance
Aug	₹3,950.65	₹25,000.00	₹28,950.65	₹29,96,049.35
Sept	₹3,983.57	₹24,967.08	₹28,950.65	₹29,92,065.78
Oct	₹4,016.77	₹24,933.88	₹28,950.65	₹29,88,049.01
Nov	₹4,050.24	₹24,900.41	₹28,950.65	₹29,83,998.77
Dec	₹4,083.99	₹24,866.66	₹28,950.65	₹29,79,914.78

2025

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹4,118.03	₹24,832.62	₹28,950.65	₹29,75,796.75
Feb	₹4,152.34	₹24,798.31	₹28,950.65	₹29,71,644.41
Mar	₹4,186.95	₹24,763.70	₹28,950.65	₹29,67,457.46
Apr	₹4,221.84	₹24,728.81	₹28,950.65	₹29,63,235.63
May	₹4,257.02	₹24,693.63	₹28,950.65	₹29,58,978.61
Jun	₹4,292.49	₹24,658.16	₹28,950.65	₹29,54,686.11
Jul	₹4,328.27	₹24,622.38	₹28,950.65	₹29,50,357.85
Aug	₹4,364.33	₹24,586.32	₹28,950.65	₹29,45,993.51
Sept	₹4,400.70	₹24,549.95	₹28,950.65	₹29,41,592.81
Oct	₹4,437.38	₹24,513.27	₹28,950.65	₹29,37,155.43
Nov	₹4,474.35	₹24,476.30	₹28,950.65	₹29,32,681.08
Dec	₹4,511.64	₹24,439.01	₹28,950.65	₹29,28,169.44

2026

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹4,549.24	₹24,401.41	₹28,950.65	₹29,23,620.20
Feb	₹4,587.15	₹24,363.50	₹28,950.65	₹29,19,033.05
Mar	₹4,625.37	₹24,325.28	₹28,950.65	₹29,14,407.68
Apr	₹4,663.92	₹24,286.73	₹28,950.65	₹29,09,743.76
May	₹4,702.78	₹24,247.86	₹28,950.65	₹29,05,040.98
Jun	₹4,741.97	₹24,208.67	₹28,950.65	₹29,00,299.00
Jul	₹4,781.49	₹24,169.16	₹28,950.65	₹28,95,517.51
Aug	₹4,821.34	₹24,129.31	₹28,950.65	₹28,90,696.17
Sept	₹4,861.51	₹24,089.13	₹28,950.65	₹28,85,834.66
Oct	₹4,902.03	₹24,048.62	₹28,950.65	₹28,80,932.63
Nov	₹4,942.88	₹24,007.77	₹28,950.65	₹28,75,989.76
Dec	₹4,984.07	₹23,966.58	₹28,950.65	₹28,71,005.69

2027

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹5,025.60	₹23,925.05	₹28,950.65	₹28,65,980.08
Feb	₹5,067.48	₹23,883.17	₹28,950.65	₹28,60,912.60
Mar	₹5,109.71	₹23,840.94	₹28,950.65	₹28,55,802.89
Apr	₹5,152.29	₹23,798.36	₹28,950.65	₹28,50,650.60
May	₹5,195.23	₹23,755.42	₹28,950.65	₹28,45,455.37
Jun	₹5,238.52	₹23,712.13	₹28,950.65	₹28,40,216.85
Jul	₹5,282.18	₹23,668.47	₹28,950.65	₹28,34,934.68
Aug	₹5,326.19	₹23,624.46	₹28,950.65	₹28,29,608.48
Sept	₹5,370.58	₹23,580.07	₹28,950.65	₹28,24,237.90
Oct	₹5,415.33	₹23,535.32	₹28,950.65	₹28,18,822.57
Nov	₹5,460.46	₹23,490.19	₹28,950.65	₹28,13,362.11
Dec	₹5,505.97	₹23,444.68	₹28,950.65	₹28,07,856.14

2028

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹5,551.85	₹23,398.80	₹28,950.65	₹28,02,304.30
Feb	₹5,598.11	₹23,352.54	₹28,950.65	₹27,96,706.18
Mar	₹5,644.76	₹23,305.88	₹28,950.65	₹27,91,061.42
Apr	₹5,691.80	₹23,258.85	₹28,950.65	₹27,85,369.61
May	₹5,739.24	₹23,211.41	₹28,950.65	₹27,79,630.38
Jun	₹5,787.06	₹23,163.59	₹28,950.65	₹27,73,843.31
Jul	₹5,835.29	₹23,115.36	₹28,950.65	₹27,68,008.03
Aug	₹5,883.92	₹23,066.73	₹28,950.65	₹27,62,124.11
Sept	₹5,932.95	₹23,017.70	₹28,950.65	₹27,56,191.16
Oct	₹5,982.39	₹22,968.26	₹28,950.65	₹27,50,208.77
Nov	₹6,032.24	₹22,918.41	₹28,950.65	₹27,44,176.53
Dec	₹6,082.51	₹22,868.14	₹28,950.65	₹27,38,094.02

2029

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹6,133.20	₹22,817.45	₹28,950.65	₹27,31,960.82
Feb	₹6,184.31	₹22,766.34	₹28,950.65	₹27,25,776.51
Mar	₹6,235.85	₹22,714.80	₹28,950.65	₹27,19,540.66
Apr	₹6,287.81	₹22,662.84	₹28,950.65	₹27,13,252.85
May	₹6,340.21	₹22,610.44	₹28,950.65	₹27,06,912.64
Jun	₹6,393.04	₹22,557.61	₹28,950.65	₹27,00,519.60
Jul	₹6,446.32	₹22,504.33	₹28,950.65	₹26,94,073.28
Aug	₹6,500.04	₹22,450.61	₹28,950.65	₹26,87,573.24
Sept	₹6,554.21	₹22,396.44	₹28,950.65	₹26,81,019.04
Oct	₹6,608.82	₹22,341.83	₹28,950.65	₹26,74,410.21
Nov	₹6,663.90	₹22,286.75	₹28,950.65	₹26,67,746.32
Dec	₹6,719.43	₹22,231.22	₹28,950.65	₹26,61,026.88

2030

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹6,775.43	₹22,175.22	₹28,950.65	₹26,54,251.46
Feb	₹6,831.89	₹22,118.76	₹28,950.65	₹26,47,419.57
Mar	₹6,888.82	₹22,061.83	₹28,950.65	₹26,40,530.75
Apr	₹6,946.23	₹22,004.42	₹28,950.65	₹26,33,584.53
May	₹7,004.11	₹21,946.54	₹28,950.65	₹26,26,580.41
Jun	₹7,062.48	₹21,888.17	₹28,950.65	₹26,19,517.94
Jul	₹7,121.33	₹21,829.32	₹28,950.65	₹26,12,396.60
Aug	₹7,180.68	₹21,769.97	₹28,950.65	₹26,05,215.92
Sept	₹7,240.52	₹21,710.13	₹28,950.65	₹25,97,975.41
Oct	₹7,300.85	₹21,649.80	₹28,950.65	₹25,90,674.55
Nov	₹7,361.69	₹21,588.95	₹28,950.65	₹25,83,312.86
Dec	₹7,423.04	₹21,527.61	₹28,950.65	₹25,75,889.82

2031

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹7,484.90	₹21,465.75	₹28,950.65	₹25,68,404.92
Feb	₹7,547.28	₹21,403.37	₹28,950.65	₹25,60,857.64
Mar	₹7,610.17	₹21,340.48	₹28,950.65	₹25,53,247.47
Apr	₹7,673.59	₹21,277.06	₹28,950.65	₹25,45,573.88
May	₹7,737.53	₹21,213.12	₹28,950.65	₹25,37,836.35
Jun	₹7,802.01	₹21,148.64	₹28,950.65	₹25,30,034.34
Jul	₹7,867.03	₹21,083.62	₹28,950.65	₹25,22,167.31
Aug	₹7,932.59	₹21,018.06	₹28,950.65	₹25,14,234.72
Sept	₹7,998.69	₹20,951.96	₹28,950.65	₹25,06,236.03
Oct	₹8,065.35	₹20,885.30	₹28,950.65	₹24,98,170.68
Nov	₹8,132.56	₹20,818.09	₹28,950.65	₹24,90,038.12
Dec	₹8,200.33	₹20,750.32	₹28,950.65	₹24,81,837.79

2032

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹8,268.67	₹20,681.98	₹28,950.65	₹24,73,569.12
Feb	₹8,337.57	₹20,613.08	₹28,950.65	₹24,65,231.54
Mar	₹8,407.05	₹20,543.60	₹28,950.65	₹24,56,824.49
Apr	₹8,477.11	₹20,473.54	₹28,950.65	₹24,48,347.38
May	₹8,547.75	₹20,402.89	₹28,950.65	₹24,39,799.62
Jun	₹8,618.99	₹20,331.66	₹28,950.65	₹24,31,180.64
Jul	₹8,690.81	₹20,259.84	₹28,950.65	₹24,22,489.83
Aug	₹8,763.23	₹20,187.42	₹28,950.65	₹24,13,726.59
Sept	₹8,836.26	₹20,114.39	₹28,950.65	₹24,04,890.33
Oct	₹8,909.90	₹20,040.75	₹28,950.65	₹23,95,980.44
Nov	₹8,984.15	₹19,966.50	₹28,950.65	₹23,86,996.29
Dec	₹9,059.01	₹19,891.64	₹28,950.65	₹23,77,937.28

2033

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹9,134.51	₹19,816.14	₹28,950.65	₹23,68,802.77
Feb	₹9,210.63	₹19,740.02	₹28,950.65	₹23,59,592.15
Mar	₹9,287.38	₹19,663.27	₹28,950.65	₹23,50,304.76
Apr	₹9,364.78	₹19,585.87	₹28,950.65	₹23,40,939.99
May	₹9,442.82	₹19,507.83	₹28,950.65	₹23,31,497.17
Jun	₹9,521.51	₹19,429.14	₹28,950.65	₹23,21,975.66
Jul	₹9,600.85	₹19,349.80	₹28,950.65	₹23,12,374.81
Aug	₹9,680.86	₹19,269.79	₹28,950.65	₹23,02,693.95
Sept	₹9,761.53	₹19,189.12	₹28,950.65	₹22,92,932.42
Oct	₹9,842.88	₹19,107.77	₹28,950.65	₹22,83,089.54
Nov	₹9,924.90	₹19,025.75	₹28,950.65	₹22,73,164.64
Dec	₹10,007.61	₹18,943.04	₹28,950.65	₹22,63,157.03

2034

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹10,091.01	₹18,859.64	₹28,950.65	₹22,53,066.02
Feb	₹10,175.10	₹18,775.55	₹28,950.65	₹22,42,890.92
Mar	₹10,259.89	₹18,690.76	₹28,950.65	₹22,32,631.03
Apr	₹10,345.39	₹18,605.26	₹28,950.65	₹22,22,285.64
May	₹10,431.60	₹18,519.05	₹28,950.65	₹22,11,854.04
Jun	₹10,518.53	₹18,432.12	₹28,950.65	₹22,01,335.50
Jul	₹10,606.19	₹18,344.46	₹28,950.65	₹21,90,729.32
Aug	₹10,694.57	₹18,256.08	₹28,950.65	₹21,80,034.75
Sept	₹10,783.69	₹18,166.96	₹28,950.65	₹21,69,251.05
Oct	₹10,873.56	₹18,077.09	₹28,950.65	₹21,58,377.49
Nov	₹10,964.17	₹17,986.48	₹28,950.65	₹21,47,413.32
Dec	₹11,055.54	₹17,895.11	₹28,950.65	₹21,36,357.79

2035

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹11,147.67	₹17,802.98	₹28,950.65	₹21,25,210.12
Feb	₹11,240.57	₹17,710.08	₹28,950.65	₹21,13,969.55
Mar	₹11,334.24	₹17,616.41	₹28,950.65	₹21,02,635.32
Apr	₹11,428.69	₹17,521.96	₹28,950.65	₹20,91,206.63
May	₹11,523.93	₹17,426.72	₹28,950.65	₹20,79,682.70
Jun	₹11,619.96	₹17,330.69	₹28,950.65	₹20,68,062.74
Jul	₹11,716.79	₹17,233.86	₹28,950.65	₹20,56,345.95
Aug	₹11,814.43	₹17,136.22	₹28,950.65	₹20,44,531.51
Sept	₹11,912.89	₹17,037.76	₹28,950.65	₹20,32,618.63
Oct	₹12,012.16	₹16,938.49	₹28,950.65	₹20,20,606.47
Nov	₹12,112.26	₹16,838.39	₹28,950.65	₹20,08,494.20
Dec	₹12,213.20	₹16,737.45	₹28,950.65	₹19,96,281.01

2036

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹12,314.97	₹16,635.68	₹28,950.65	₹19,83,966.03
Feb	₹12,417.60	₹16,533.05	₹28,950.65	₹19,71,548.43
Mar	₹12,521.08	₹16,429.57	₹28,950.65	₹19,59,027.35
Apr	₹12,625.42	₹16,325.23	₹28,950.65	₹19,46,401.93
May	₹12,730.63	₹16,220.02	₹28,950.65	₹19,33,671.30
Jun	₹12,836.72	₹16,113.93	₹28,950.65	₹19,20,834.58
Jul	₹12,943.69	₹16,006.95	₹28,950.65	₹19,07,890.88
Aug	₹13,051.56	₹15,899.09	₹28,950.65	₹18,94,839.33
Sept	₹13,160.32	₹15,790.33	₹28,950.65	₹18,81,679.00
Oct	₹13,269.99	₹15,680.66	₹28,950.65	₹18,68,409.01
Nov	₹13,380.57	₹15,570.08	₹28,950.65	₹18,55,028.44
Dec	₹13,492.08	₹15,458.57	₹28,950.65	₹18,41,536.36

2037

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹13,604.51	₹15,346.14	₹28,950.65	₹18,27,931.85
Feb	₹13,717.88	₹15,232.77	₹28,950.65	₹18,14,213.96
Mar	₹13,832.20	₹15,118.45	₹28,950.65	₹18,00,381.76
Apr	₹13,947.47	₹15,003.18	₹28,950.65	₹17,86,434.29
May	₹14,063.70	₹14,886.95	₹28,950.65	₹17,72,370.60
Jun	₹14,180.89	₹14,769.75	₹28,950.65	₹17,58,189.70
Jul	₹14,299.07	₹14,651.58	₹28,950.65	₹17,43,890.63
Aug	₹14,418.23	₹14,532.42	₹28,950.65	₹17,29,472.41
Sept	₹14,538.38	₹14,412.27	₹28,950.65	₹17,14,934.03
Oct	₹14,659.53	₹14,291.12	₹28,950.65	₹17,00,274.50
Nov	₹14,781.70	₹14,168.95	₹28,950.65	₹16,85,492.80
Dec	₹14,904.88	₹14,045.77	₹28,950.65	₹16,70,587.92

2038

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹15,029.08	₹13,921.57	₹28,950.65	₹16,55,558.84
Feb	₹15,154.33	₹13,796.32	₹28,950.65	₹16,40,404.52
Mar	₹15,280.61	₹13,670.04	₹28,950.65	₹16,25,123.90
Apr	₹15,407.95	₹13,542.70	₹28,950.65	₹16,09,715.95
May	₹15,536.35	₹13,414.30	₹28,950.65	₹15,94,179.60
Jun	₹15,665.82	₹13,284.83	₹28,950.65	₹15,78,513.78
Jul	₹15,796.37	₹13,154.28	₹28,950.65	₹15,62,717.42
Aug	₹15,928.00	₹13,022.65	₹28,950.65	₹15,46,789.41
Sept	₹16,060.74	₹12,889.91	₹28,950.65	₹15,30,728.67
Oct	₹16,194.58	₹12,756.07	₹28,950.65	₹15,14,534.10
Nov	₹16,329.53	₹12,621.12	₹28,950.65	₹14,98,204.57
Dec	₹16,465.61	₹12,485.04	₹28,950.65	₹14,81,738.95

2039

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹16,602.82	₹12,347.82	₹28,950.65	₹14,65,136.13
Feb	₹16,741.18	₹12,209.47	₹28,950.65	₹14,48,394.95
Mar	₹16,880.69	₹12,069.96	₹28,950.65	₹14,31,514.26
Apr	₹17,021.36	₹11,929.29	₹28,950.65	₹14,14,492.89
May	₹17,163.21	₹11,787.44	₹28,950.65	₹13,97,329.68
Jun	₹17,306.24	₹11,644.41	₹28,950.65	₹13,80,023.45
Jul	₹17,450.45	₹11,500.20	₹28,950.65	₹13,62,573.00
Aug	₹17,595.87	₹11,354.77	₹28,950.65	₹13,44,977.12
Sept	₹17,742.51	₹11,208.14	₹28,950.65	₹13,27,234.61
Oct	₹17,890.36	₹11,060.29	₹28,950.65	₹13,09,344.25
Nov	₹18,039.45	₹10,911.20	₹28,950.65	₹12,91,304.81
Dec	₹18,189.78	₹10,760.87	₹28,950.65	₹12,73,115.03

2040

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹18,341.36	₹10,609.29	₹28,950.65	₹12,54,773.67
Feb	₹18,494.20	₹10,456.45	₹28,950.65	₹12,36,279.47
Mar	₹18,648.32	₹10,302.33	₹28,950.65	₹12,17,631.15
Apr	₹18,803.72	₹10,146.93	₹28,950.65	₹11,98,827.43
May	₹18,960.42	₹9,990.23	₹28,950.65	₹11,79,867.01
Jun	₹19,118.42	₹9,832.23	₹28,950.65	₹11,60,748.58
Jul	₹19,277.74	₹9,672.90	₹28,950.65	₹11,41,470.84
Aug	₹19,438.39	₹9,512.26	₹28,950.65	₹11,22,032.45
Sept	₹19,600.38	₹9,350.27	₹28,950.65	₹11,02,432.07
Oct	₹19,763.72	₹9,186.93	₹28,950.65	₹10,82,668.35
Nov	₹19,928.41	₹9,022.24	₹28,950.65	₹10,62,739.94
Dec	₹20,094.48	₹8,856.17	₹28,950.65	₹10,42,645.45

2041

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹20,261.94	₹8,688.71	₹28,950.65	₹10,22,383.52
Feb	₹20,430.79	₹8,519.86	₹28,950.65	₹10,01,952.73
Mar	₹20,601.04	₹8,349.61	₹28,950.65	₹9,81,351.69
Apr	₹20,772.72	₹8,177.93	₹28,950.65	₹9,60,578.97
May	₹20,945.82	₹8,004.82	₹28,950.65	₹9,39,633.14
Jun	₹21,120.37	₹7,830.28	₹28,950.65	₹9,18,512.77
Jul	₹21,296.38	₹7,654.27	₹28,950.65	₹8,97,216.39
Aug	₹21,473.85	₹7,476.80	₹28,950.65	₹8,75,742.55
Sept	₹21,652.79	₹7,297.85	₹28,950.65	₹8,54,089.75
Oct	₹21,833.23	₹7,117.41	₹28,950.65	₹8,32,256.52
Nov	₹22,015.18	₹6,935.47	₹28,950.65	₹8,10,241.34
Dec	₹22,198.64	₹6,752.01	₹28,950.65	₹7,88,042.70

2042

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹22,383.63	₹6,567.02	₹28,950.65	₹7,65,659.08
Feb	₹22,570.16	₹6,380.49	₹28,950.65	₹7,43,088.92
Mar	₹22,758.24	₹6,192.41	₹28,950.65	₹7,20,330.68
Apr	₹22,947.89	₹6,002.76	₹28,950.65	₹6,97,382.78
May	₹23,139.13	₹5,811.52	₹28,950.65	₹6,74,243.66
Jun	₹23,331.95	₹5,618.70	₹28,950.65	₹6,50,911.70
Jul	₹23,526.39	₹5,424.26	₹28,950.65	₹6,27,385.32
Aug	₹23,722.44	₹5,228.21	₹28,950.65	₹6,03,662.88
Sept	₹23,920.13	₹5,030.52	₹28,950.65	₹5,79,742.76
Oct	₹24,119.46	₹4,831.19	₹28,950.65	₹5,55,623.30
Nov	₹24,320.46	₹4,630.19	₹28,950.65	₹5,31,302.84
Dec	₹24,523.13	₹4,427.52	₹28,950.65	₹5,06,779.72

2043

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹24,727.49	₹4,223.16	₹28,950.65	₹4,82,052.23
Feb	₹24,933.55	₹4,017.10	₹28,950.65	₹4,57,118.68
Mar	₹25,141.33	₹3,809.32	₹28,950.65	₹4,31,977.36
Apr	₹25,350.84	₹3,599.81	₹28,950.65	₹4,06,626.52
May	₹25,562.10	₹3,388.55	₹28,950.65	₹3,81,064.42
Jun	₹25,775.11	₹3,175.54	₹28,950.65	₹3,55,289.31
Jul	₹25,989.91	₹2,960.74	₹28,950.65	₹3,29,299.40
Aug	₹26,206.49	₹2,744.16	₹28,950.65	₹3,03,092.92
Sept	₹26,424.88	₹2,525.77	₹28,950.65	₹2,76,668.04
Oct	₹26,645.08	₹2,305.57	₹28,950.65	₹2,50,022.96
Nov	₹26,867.12	₹2,083.52	₹28,950.65	₹2,23,155.84
Dec	₹27,091.02	₹1,859.63	₹28,950.65	₹1,96,064.82

2044

Month	Principal Paid	Interest Charged	Total Payment	Balance
Jan	₹27,316.78	₹1,633.87	₹28,950.65	₹1,68,748.04
Feb	₹27,544.42	₹1,406.23	₹28,950.65	₹1,41,203.63
Mar	₹27,773.95	₹1,176.70	₹28,950.65	₹1,13,429.67
Apr	₹28,005.40	₹945.25	₹28,950.65	₹85,424.27
May	₹28,238.78	₹711.87	₹28,950.65	₹57,185.49
Jun	₹28,474.10	₹476.55	₹28,950.65	₹28,711.39
Jul	₹28,711.39	₹239.26	₹28,950.65	₹0.00

Highlights

Compare your EMIs with a loan EMI calculator.
Choose a suitable EMI on your home loan.

A home loan is often the most affordable type of loan, yet it's crucial for you as a borrower to secure a rate that's manageable for your budget. UCO Bank provides flexible repayment options for home loans and allows borrowers to compare EMIs for different loan amounts and tenures at the bank's given rates. This ability to compare helps you make an informed decision, ensuring you can comfortably repay the loan. In this article, we will dive into how a home loan EMI calculator works. Let’s begin!

How to Use Wishfin UCO Bank Home Loan EMI Calculator?

You can check your monthly installment on the loan with the help of the Wishfin loan EMI calculator by mentioning the loan amount, interest rate, and tenure. You also get to know the total interest outgo and the total repayment amount on your loan in the amortization schedule.

At UCO Bank, the maximum tenure available for home loans is 30 years and it is available with flexible options. You can choose the tenure accordingly before finalizing your home loan so that your other financial liabilities remain unaffected.

Below is an example showing the payment details to give you an idea about the payments you will have to make if you avail a home loan from UCO Bank.

UCO Bank Home Loan EMI Calculation Formula

The calculator uses the below formula to calculate an EMI.

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,

EMI = Equated Monthly Installment

P = Principal Loan Amount

R = Monthly Interest Rate

N = Number of Monthly Installments

For instance, consider a borrower who takes out a loan of ₹48,00,000 at an annual interest rate of 10.5% for a term of 25 years. Here's how the calculation is done:

Principal Amount (P): ₹48,00,000

Annual Interest Rate (R): 10.5%, (which translates to 10.5/12/100 = 0.00875 per month)

Loan Tenure (n): 25 years, or 300 months

[48,00,000 x 0.00875 x (1 + 0.00875) ^ 300]/[(1+0.00875 ^300 -1] = 45,321

So, the monthly EMI required to be paid is ₹45,321

UCO Bank Home Loan Amortisation Schedule

Suppose, Ankita Sharma, a 30-year-old, PHP Developer by profession is looking for a home loan of INR 30 Lakh. The one thing is that after studying his profile, UCO Bank has agreed to offer the loan at an interest rate of 8.35% for a tenure of 10 years. Before availing the UCO Bank hom loan, Ankita wants to know what would be the exact amount of his monthly installments that he needs to pay each month to a lender. Thus, she used this online calculator and finally decided whether her EMIs were pocket-friendly or not. So, without any further delay, let’s just take a look at the calculations below.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount	Interest Rate	Tenure	Monthly Instalment	Total Interest Amount	Total Amount
₹ 30,00,000	8.35%	1	₹ 2,61,451	₹ 1,37,412	₹ 31,37,412
₹ 30,00,000	8.35%	2	₹ 1,36,161	₹ 2,67,870	₹ 32,67,870
₹ 30,00,000	8.35%	3	₹ 94,494	₹ 4,01,792	₹ 34,01,792
₹ 30,00,000	8.35%	4	₹ 73,733	₹ 5,39,167	₹ 35,39,167
₹ 30,00,000	8.35%	5	₹ 61,333	₹ 6,79,976	₹ 36,79,976
₹ 30,00,000	8.35%	6	₹ 53,114	₹ 8,24,200	₹ 38,24,200
₹ 30,00,000	8.35%	7	₹ 47,283	₹ 9,71,812	₹ 39,71,812
₹ 30,00,000	8.35%	8	₹ 42,946	₹ 11,22,783	₹ 41,22,783
₹ 30,00,000	8.35%	9	₹ 39,603	₹ 12,77,077	₹ 42,77,077
₹ 30,00,000	8.35%	10	₹ 36,955	₹ 14,34,656	₹ 44,34,656

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Year	Principal	Interest	Balance Amount
1	₹ 2,00,524	₹ 2,42,941	₹ 27,99,475
2	₹ 2,17,924	₹ 2,25,541	₹ 25,81,551
3	₹ 2,36,833	₹ 2,06,632	₹ 23,44,717
4	₹ 2,57,384	₹ 1,86,082	₹ 20,87,333
5	₹ 2,79,717	₹ 1,63,748	₹ 18,07,615
6	₹ 3,03,988	₹ 1,39,477	₹ 15,03,627
7	₹ 3,30,366	₹ 1,13,099	₹ 11,73,260
8	₹ 3,59,032	₹ 84,433	₹ 8,14,228
9	₹ 3,90,185	₹ 53,280	₹ 4,24,042
10	₹ 4,24,298	₹ 19,423	₹ 0

The Minimum EMI Offered by UCO Bank on Home Loans

Here are the monthly EMI payments for various home loan amounts from UCO Bank, calculated with interest rates of 8.35% and 10% over a 20-year period:

Interest Rate of 8.35%	Interest Rate of 10%
10 lakh loan amount - ₹8,584 p.m.	10 lakh loan amount - ₹9,650 p.m.
12 lakh loan amount - ₹10,300 p.m.	12 lakh loan amount - ₹11,580 p.m.
15 lakh loan amount - ₹12,875 p.m.	15 lakh loan amount - ₹14,475 p.m.
17 lakh loan amount - ₹14,592 p.m.	17 lakh loan amount - ₹16,405 p.m.
20 lakh loan amount - ₹17,167 p.m.	20 lakh loan amount - ₹19,300 p.m.

The Main Benefits of Using UCO Bank Home Loan EMI Calculator

Using the UCO Bank Home Loan EMI Calculator offers several key advantages:

The calculator gives a clear picture of the loan's financial implications, including the total interest payable and the overall cost of the loan.
By calculating the EMI for different combinations of loan amount, interest rate, and tenure, you can assess your repayment capacity and choose a loan structure that is affordable.
The UCO Bank loan calculator can be accessed 24x7 from anywhere using a computer or mobile device connected to the internet.
UCO Bank's home loan EMI calculator is absolutely free to use, so you can utilize it multiple times without any charges.
You can get reliable EMI estimates in just a few seconds to help make informed decisions.

UCO Bank Home Loan Eligibility

Here are the eligibility requirements for a UCO Bank Home Loan:

Minimum Age: Applicants must be at least 21 years old at the time of the loan application.
Maximum Age: Applicants should not exceed 75 years at the time of loan maturity.
Nationality: The loan is available to Resident Indians, Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs).

Factors Affecting UCO Bank Home Loan EMIs

Several factors influence the EMIs for a UCO Bank home loan:

Loan Amount: The principal amount borrowed directly affects the EMI; a larger loan amount leads to higher EMIs and vice versa. UCO Bank provides home loans covering up to 90% of the property's value.

Interest Rate: A higher interest rate entails higher EMIs. UCO Bank's home loan interest rates start from 8.35% for scores of 800 and above. The bank offers both floating and fixed-rate options.

Loan Tenure: The duration over which the loan is repaid also determines the EMI. A longer tenure will lower the EMI, while a shorter tenure increases the monthly payments, though the total interest outgo is reduced.
Property Factors: Aspects like property location, construction stage, occupancy status, and age of the property affect the loan-to-value ratio offered by the bank. This impacts the loan amount and consequently the EMI.
Income and obligations: The borrower's income and existing debt obligations influence the loan eligibility and EMI affordability. UCO Bank calculates the EMI to income ratio to ensure the borrower has sufficient repayment capacity after factoring in other deductions.

UCO Bank Home Loan Fees and Charges

Here are the charges and fees related to UCO Bank home loans:

Particulars	Applicable Charges
Processing Fee	UCO Top-Up Home Loan: 0.10% of the loan amount, up to a maximum of ₹10,000. UCO Home Loan: 0.5% of the loan amount, with a minimum of Rs.1,500 and a maximum of ₹15,000. UCO Pre-approved Home Loan: 0.25% of the pre-approved loan amount, ranging from a minimum of ₹1,000 to a maximum of ₹10,000.
Prepayment Charges	Nil
Documentation Charges	Nil
CIBIL – Report Pulling Charges	Nil
Inspection Charges	Nil

Limitations of Using UCO Bank Home Loan EMI Calculator

Here are the main disadvantages of using the UCO Bank home loan EMI calculator:

Does not account for registration fees, stamp duty, or legal fees.
May not include property insurance or loan protection premiums.
Provides general estimates without factoring in specific loan product complexities.
Does not offer personalized advice on optimal loan terms based on financial goals.
Does not consider the borrower's credit score, which can affect the actual interest rate.