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United Bank of India Car Loan EMI Calculator Aug 2017

Last Updated 12th Aug 2017

United Bank of India Car Loan EMI Calculator

Lowest EMI on United Bank of India Car Loan - Rs. 1,627 per lakh

Loan Amount 2 Years 3 Years 5 Years 7 Years
Rs. 100,000 Rs. 4,585 Rs. 3,196 Rs. 2,093 Rs. 1,627
Rs. 300,000 Rs. 13,754 Rs. 9,589 Rs. 6,279 Rs. 4,880
Rs. 500,000 Rs. 22,923 Rs. 15,981 Rs. 10,464 Rs. 8,134
Rs. 1,000,000 Rs. 45,846 Rs. 31,963 Rs. 20,929 Rs. 16,267
Car Loan Calculator
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Factors affecting United Bank of India Car Loan EMI

  • Borrower age should be between 21 years to maximum 65 years
  • Maximum car loan amount offered by United Bank of India is up to 85.00% of on-road price
  • Interest rates starts @ 9.35% depending upon down payment, net income and other factors
  • Processing fee in United Bank of India may be 0.50% of loan amount Min Rs. 500 Max Rs. 10,000

United Bank of India Car Loan EMI

  • Car Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to United Bank of India against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With United Bank of India offering car Loans with loan tenure upto 84 years, the loan EMI can be as low as Rs. 1 per lakh, to make it more affordable and convenient to meet your car needs. Rate of interest offered by United Bank of India are as low as 9.35%.
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

United Bank of India Car Loan Calculator Formula

Emi Calculator Formula

Here is an illustration of how United Bank of India Car Loan EMI is calculated:
In above formula,
P = Loan amount. This should be 85.00% of on-road price
n = tenure in month. For United Bank of India, this can be 84 months

Car Loan EMI Calculator United Bank of India - How it works?

United Bank of India Car loan calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.

  • United Bank of India Car loan calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Car Loan EMI – EMI changes in case of prepayment

In case you prepay your car loan, the outstanding balance on your car loan reduces. United Bank of India gives you two options:

  • Reduce your loan tenure and keep your car EMI same
  • Reduce the amount of EMI and keep your loan tenure same

It is better to keep the EMI constant and reduce the loan tenure as you pay less interest to the United Bank of India in this option.

Frequently Asked Questions on United Bank of India EMI Calculator

What is the lowest EMI per lakh offered by United Bank of India on Car loan?

United Bank of India offers car loan at 9.35% interest rate and hence lowest EMI on per lakh loan amount is Rs. 1,627.

Can I prepay my United Bank of India car loan?

United Bank of India offers you an option of prepayment at Nil charges.

Is there any processing charge on Car loan from United Bank of India?

Car Loan from United Bank of India charges a processing fee of 0.50% of loan amount Min Rs. 500 Max Rs. 10,000.

United Bank of India Car Loan Customer Care Number, Email, Application Status, Branches

United Bank of India Car Loan Calculator Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 1800-345-0345
Ahmedabad 1800-345-0345
Ambala 1800-345-0345
Anand 1800-345-0345
Aurangabad 1800-345-0345
Bangalore 1800-345-0345
Bhilai 1800-345-0345
Bhilwara 1800-345-0345
Bhiwadi 1800-345-0345
Bhopal 1800-345-0345
Bhubaneswar Cuttack 1800-345-0345
Bikaner 1800-345-0345
Chandigarh 1800-345-0345
Chennai 1800-345-0345
Cochin 1800-345-0345
Coimbatore 1800-345-0345
Dehradun 1800-345-0345
Delhi 1800-345-0345
Durg 1800-345-0345
Faridabad 1800-345-0345
Gandhinagar 1800-345-0345
Ghaziabad 1800-345-0345
Goa 1800-345-0345
Greater Noida 1800-345-0345
Gurgaon 1800-345-0345
Guwahati 1800-345-0345
Gwalior 1800-345-0345
Hyderabad 1800-345-0345
Indore 1800-345-0345
Jabalpur 1800-345-0345
Jaipur 1800-345-0345
Jalandhar 1800-345-0345
Jodhpur 1800-345-0345
Kanpur 1800-345-0345
Karnal 1800-345-0345
Kolhapur 1800-345-0345
Kolkata 1800-345-0345
Kota 1800-345-0345
Kozhikode 1800-345-0345
Lucknow 1800-345-0345
Ludhiana 1800-345-0345
Madurai 1800-345-0345
Meerut 1800-345-0345
Mehsana 1800-345-0345
Mohali Sas Nagar 1800-345-0345
Mumbai 1800-345-0345
Mussoorie 1800-345-0345
Nagpur 1800-345-0345
Nashik 1800-345-0345
Noida 1800-345-0345
Noida Extn 1800-345-0345
Panipat 1800-345-0345
Patna 1800-345-0345
Pondicherry 1800-345-0345
Pune 1800-345-0345
Raipur 1800-345-0345
Rajkot 1800-345-0345
Ranchi 1800-345-0345
Rohtak 1800-345-0345
Roorkee 1800-345-0345
Salem 1800-345-0345
Shimla 1800-345-0345
Sonepat 1800-345-0345
Surat 1800-345-0345
Trichy 1800-345-0345
Udaipur 1800-345-0345
Vadodara 1800-345-0345
Varanasi 1800-345-0345
Vijaywada 1800-345-0345
Vizag 1800-345-0345
United Bank Of India Car Loan Calculator

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