Highlights
- Compare your EMIs with a loan EMI calculator.
- Choose a suitable EMI on your home loan.
A home loan has always been the cheapest loan yet you as a borrower do not settle for the rate you can’t afford. With the flexible repayment option at UCO Bank for home loans, the borrowers gets the chance to compare the EMI for different tenure and loan amount on the basis of the rate offered by the bank. The comparison would help you make the right move and thus repay the loan with ease. Below is an example showing the EMI and other details for a default value. You can change the values as per your choice as many times as you want till the time the EMI figure looks appealing.
UCO Bank Home Loan EMI Calculator
You can check your monthly installment on the loan with the help of a 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 option. 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 do if you avail a home loan from UCO Bank.
Table Showing EMI, Interest Outgo, and Total Repayment Amount EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
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
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