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The Union Bank Home Loan EMI Calculator is an easy-to-use tool that gives you an estimate of your repayment amount. This also helps you find out the repayment tenure will suit your budget.

 

By ensuring that the EMIs align with your budget, you can ensure affordability all through the repayment process. In simple terms, the UBI Home Loan calculator can help you prioritise your financial wellbeing when getting the funding you need. 


Read on to know more about the Union Bank of India Home Loan EMI Calculator.

Calculate Union Bank Home Loan EMI Online

Loan Amount
Tenure
Months
Rate of Interest
Home Loan
Your Monthly Home Loan EMI
Principal Amount
Total Interest
Total Amount Payable
Amortization Schedule
Download Amortization Schedule Download
Expand Amortization Schedule
Year EMI Principal Interest Balance

How to Use Union Bank Home Loan EMI Calculator

To use the Union Bank home loan EMI calculator, you must determine the following variables first:

  • Loan amount

  • Preferred repayment tenure

  • Expected interest rate

     

Once you have ascertained these variables, enter these in the respective field on the Union Bank housing loan EMI calculator. Once you do that, the algorithm-based tool will calculate your EMI obligation within seconds.

 

You can even access the amortisation schedule to get a clear overview of your payments all through the tenure. This can help plan payments and give you a holistic idea of the undertaking. 

Union Bank Home Loan EMI at Different Tenures

You can acquire a Union Bank home loan and repay the same over a tenure of up to 30 years. Your EMI obligations at different tenures with an interest rate of 7% p.a. will look as follows:

Principal Home Loan Amount

Annual Interest Rate 

10-Year tenure

15-Year tenure

20-Year tenure

30-Year tenure

₹20 Lakhs

7%

₹23,222

₹17,977

₹15,506

₹13,306

₹30 Lakhs

7%

₹34,833

₹26,965

₹23,259

₹19,959

₹50 Lakhs

7%

₹58,054

₹44,941

₹38,765

₹33,265

₹75 Lakhs

7%

₹87,081

₹67,412

₹58,147

₹49,898

₹1 Crores

7%

₹1,16,108

₹89,883

₹77,530

₹66,530

Disclaimer: The above calculations are an estimate and actual amounts may vary depending on the terms.

Union Bank Home Loan EMI Calculator FAQs

What is the best way to calculate EMI for a Union Home Loan?

One of the best ways to calculate the EMI for a Union Bank home loan is to use the UBI housing loan EMI calculator. With it you can get instant and accurate results, ensuring that your decision prioritises your current and future financial wellbeing.

How does Union Bank home loan EMI calculator help with planning my home purchase?

The Union Bank home loan EMI calculator gives you an estimate of your EMI for different loan terms. With it, you can find the loan amount which has manageable EMIs without the cost being too high. Since it is free of cost and you can use it as many times as needed, you can try different permutations and combinations to find the ideal loan terms.

 

How can part-prepayments impact my Union Bank home loan EMI amount?

If you make a part-prepayment of your Union Bank home loan, you can either get your EMI reduced or ask for a reduction in your repayment tenure. Not to mention that you will also save on the interest amount by reducing your overall repayment liability. 

 

Can I get my Union Bank home loan EMI amount reduced?

Yes, you can get your Union Bank home loan EMI reduced by either opting for a longer loan repayment tenure, making a sizable downpayment on your home loan, or even going for a smaller home loan amount. Alternatively, if you have a CIBIL score of 750 or above, you can leverage the same to negotiate interest rates with your lender.

 

Why should I calculate my Union Bank of India home loan EMI in advance before taking a loan?

The main benefit of calculating your EMIs in advance is that you can assess whether these EMIs are payable, and identify the amount that can afford to comfortably pay each month as EMI. 

 

You can also discover the maximum loan amount you can be eligible for as well as the applicable rate for it. This reduces your chances of default, keeping your creditworthiness intact for future borrowings.

 

How to pay your Union Bank of India Home loan EMI?

You can pay through your savings account or debit/credit card. 

 

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