Check your EMI amount & estimate your expenses on your UCO Bank personal loan by using EMI calculator. Provide your loan amount, interest rate and tenure and you will get your EMI amount.
|Year||Month||Principal (A)||Interest (B)||EMI (A+B)||Balance||Loan Paid to Date (%)|
Considering applying for a personal loan from UCO Bank, it's crucial to calculate your Equated Monthly Installment (EMI) in advance. UCO Bank offers personal loans with competitive interest rates ranging from 12.45% to 12.85% per annum for maximum loan amount of Rs.15 lakhs & tenure up to 5 years.
Therefore, to help you plan your finances effectively, UCO Bank provides a convenient tool—the UCO Personal Loan EMI calculator. This tool allows you to calculate your monthly installment by inputting the loan amount, interest rate, and loan tenure. By utilizing this calculator, you can gain immediate insights into your expected monthly payments to make well-informed financial decisions . Utilise the Personal loan EMI Calculator & know the EMI for your UCO Bank personal loan.
Calculating your monthly loan payments, also known as EMI is a nrcessaity for the effective management of your personal loan. You can easily determine these monthly payments using the UCO Bank EMI calculator, simplifying your process.
Here’s the formula that is used to calculate your EMI,
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
Here in the equation,
P stands for principal loan amount,
R stands for the monthly rate of Interest
N stands for tenure in months.
You are planning to avail of a UCO Bank Personal loan of ₹10lakhs, with an interest rate of 12.45%p.a, for a tenure of 5 years, then the total EMI that you have to pay:
P = ₹10,00,000
Annual interest rate =12.45% p.a
R = 12.45%/ 12 / 100 = 0.010%
Loan tenure in years = 5
Number of monthly installments (n) = 5 * 12 = 60
Now, let's substitute these values using the personal loan EMI calculator formula:
EMI = [10,00,000 ×0.010 × (1 +0.010)^60] / ((1 + 0.010)^60 - 1)
EMI = ₹22,473
Hence, the total EMI for your UCO Bank Personal loan of ₹10 lakhs, with an interest rate of 12.45% p.a, for a loan with a tenure of 5 years, is ₹22,473
The table shows monthly EMI for UCO Bank's personal loans of Rs.10 lakhs, considering UCO personal loan interest rates provided by each scheme, over a tenure of 5 years.
|UCO Cash||10.05% to 10.30% p.a||₹21,272|
|UCO Shopper Scheme Loan||12.85% p.a.||₹22,676|
|UCO Pensioner Loan||8.40% p.a. to 9.40% p.a.||₹20,468|
|UCO Securities||UCO Float Rate + 3.65%||₹22,727|
UCO Bank Personal Loan EMI Calculation With Different Loan Amounts
The table signifies EMI calculation for different loan amounts and the interest rate provided by the UCO Bank for a tenure 12 months & 15 months, respectively.
|Loan Amounts||EMI for 12 Months||EMI for 24 Months|
|1 Lakh Personal Loan EMI||₹11,236||₹4,728|
|1.5 Lakh Personal Loan EMI||₹13,359||₹7,093|
|2 Lakh Personal Loan EMI||₹13,359||₹9,457|
|3 Lakh Personal Loan EMI||₹26,718||₹14,185|
|4 Lakh Personal Loan EMI||₹35,624||₹18,914|
|5 Lakh Personal Loan EMI||₹44,530||₹23,642|
Effectively plan your personal loan with the user-friendly UCO Personal Loan EMI Calculator. For immediate results, use the Buddy Loan EMI calculator to compute your EMIs for a UCO personal loan, providing valuable insights to make well-informed borrowing decisions and ensure a seamless borrowing experience.
Follow the steps below to use an EMI calculator with ease-
Using the Buddy Loan EMI Calculator offers several advantages to efficiently plan loan repayments. It provides instant clarity on monthly EMI amounts based on loan amount, tenure, and interest rates, aiding in budgeting and financial decision-making.
EMI calculated under the factors provided below that will collectively shape the monthly repayment structure and overall loan affordability.
Loan Amount: the principal loan amount significantly affects the EMI, with higher amounts leading to larger EMIs.
Interest Rate:the rate at which interest is charged on the loan directly influences the EMI. Higher interest rates result in higher EMIs.
the loan duration matters. Longer terms mean lower EMIs but can increase overall interest paid.
Processing Fees: additional fees and charges for loan processing can impact the EMI calculation.
Credit Score: a borrower's creditworthiness, as indicated by the credit score, can influence the interest rate offered, consequently affecting the EMI.
Check other Banks EMI Calculator from below:
|HDFC Personal Loan EMI Calculator||ICICI Bank Personal Loan EMI Calculator|
|Kotak Personal Loan EMI Calculator||Axis Bank Personal Loan EMI Calculator|
|BOB Personal Loan EMI Calculator||PNB Personal Loan EMI Calculator|
|Canara Bank Personal Loan EMI Calculator||SBI Personal Loan EMI Calculator|
|Yes Bank Personal Loan EMI Calculator||Bank of India Personal Loan EMI Calculator|
|IndusInd Bank Personal Loan EMI Calculator||IDFC Bank Personal Loan EMI Calculator|
|Standard Chartered Loan EMI Calculator||IOB Personal Loan EMI Calculator|
|CitiBank Personal Loan EMI Calculator||Indian Bank Personal Loan EMI Calculator|
|Central Bank Personal Loan EMI Calculator||Federal Bank Personal Loan EMI Calculator|
|Bandhan Bank Personal Loan EMI Calculator||RBL Bank Personal Loan EMI Calculator|
|Union Bank of India EMI Calculator||IDBI Bank Personal Loan EMI Calculator|
Ready to take next step ?
You can uitlise the UCOBank personal loan EMI calculator by just entering your loan amount, tenure, and interest rate, then click “Calculate”
UCO Bank Personal Loan provides you a loan under an interest rate starting from 12.45% to 12.85% p.a.
With UCO Bank you avail up to Rs 15 lakhs for a tenure period of 5 years.
EMI calculator provides an estimate of the monthly EMI based on the loan amount, tenure, and interest rate. It may not include processing fees or other charges associated with the loan.
The EMI calculator usually calculates EMI based on the interest rate input you provide at the time of calculation. If interest rates change over time, you would need to recalculate the EMI using the updated interest rate to get an accurate EMI amount.
Yes, UCO Bank EMI Calculator shows EMI breakdown. However, you can also use the Buddy Loan EMI calculator provides a detailed breakdown of principal vs. interest repayment.
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