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UCO Bank Home Loan Calculator

UCO Bank Housing Loan EMI Calculator

Last Updated 11th Nov 2021

  • UCO Bank home loan EMI per ₹ 1 Lakh is ₹ 659, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in UCO Bank is calculated based on loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for UCO Bank home loan before applying. Use an online UCO Bank loan EMI calculator to estimate your EMI.
  • Check UCO Bank home loan EMI for different tenures at the current UCO Bank home loan interest rate of 6.90%
  • Loan Amount10 Year Loan15 Year loan30 Year loan
    ₹ 10 Lakh₹ 11,559₹ 8,932₹ 6,586
    ₹ 20 Lakh₹ 23,119₹ 17,865₹ 13,172
    ₹ 30 Lakh₹ 34,678₹ 26,797₹ 19,758
    ₹ 50 Lakh₹ 57,797₹ 44,662₹ 32,930

    Jump to EMI Calculator

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UCO Bank Home Loan EMI Calculator Online

UCO Bank Home Loan EMI is the fixed amount that you need to pay on a fixed date of the month till the end of repayment tenure. The amount is based on your loan amount, tenure and interest rate. You can calculate your UCO Bank housing loan EMI in advance to plan your loan payments and expenses using a UCO Bank home loan calculator. UCO Bank home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why should you use UCO Bank Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: UCO Bank offers the lowest EMI per lakh at . To get the lowest EMI on your home loan, you can compare the EMIs with a different loan amount and tenure. However, it is advisable to check with the bank to know the interest rate you will be eligible for UCO Bank home loan.
  • Compare UCO Bank Home Loan EMI: With UCO Bank home loan EMI Calculator, you can also estimate EMI on your home loan from UCO Bank with other leading banks in India at the same loan amount and tenure at varying interest rates.
  • Get Detailed Amortisation Schedule: You can calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. If you want to reduce your home loan tenure, you can always consider a home loan balance transfer because other banks may allow you to pay your home loan at low rates.

UCO Bank Home Loan EMI Calculator to estimate the EMI that fits your budget

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on UCO Bank Home Loan EMI calculator. The below-mentioned table shows the calculation of UCO Bank Home Loan at the various combinations of loan amount and years at the lowest rate of 6.90%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right UCO Bank Home loan plan for you.

UCO Bank home loan EMI is calculated for different loan amounts and tenures at 6.90% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 22,331 ₹ 19,233 ₹ 16,465
₹ 50 Lakh ₹ 44,662 ₹ 38,465 ₹ 32,930
₹ 75 Lakh ₹ 66,994 ₹ 57,698 ₹ 49,395
₹ 1 Cr ₹ 89,325 ₹ 76,931 ₹ 65,860

Benefits of using UCO Bank Home Loan EMI Calculator

UCO Bank Home Loan Calculator is online and gives instant results with 100% accuracy. The best part is that you can calculate and compare multiple EMIs on different combinations of loan amount, interest rate and tenure. Thus, using UCO Bank Home Loan EMI Calculator helps you to choose the right amount of EMI that is affordable and also decide on the right loan amount and loan tenure. Further, if you use the MyLoanCare UCO Bank Home Loan Calculator, you have the option to receive calculated EMIs and amortization schedules for each calculation by mail which can be referred to at a later stage when you are making the final decision to take a loan.

Factors Affecting UCO Bank Home Loan EMI

Home Loan EMI can be calculated using an online Home Loan Calculator which takes into account factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI UCO Bank gives a minimum home loan of ₹ 15,00,000 upto a maximum amount of ₹ 5,00,00,000.

Interest Rate

Higher interest rate increases your UCO Bank housing loan EMI which will increase the total cost of the loan. UCO Bank current home loan interest rate starts at 6.90%. Do a complete market research and compare rates and calculate EMI online using UCO Bank home loan calculator before you apply for a home loan.

Loan Tenure

This is the period in which you can repay your home loan in UCO Bank. Your EMI will be lower if you take a 0 years loan from UCO Bank as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

UCO Bank Home Loan EMI Calculator Formula

UCO Bank Home Loan Calculator calculates EMI based on the following formula.

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how UCO Bank Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. UCO Bank home loan amount can range from ₹ 15,00,000 to ₹ 5,00,00,000
  • r = Rate of interest per month. Current UCO Bank housing loan rate 6.90%.
  • n = tenure in month. For UCO Bank, maximum home loan tenure is 360 months

Comparison of UCO Bank Home Loan EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
UCO Bank 6.90% ₹ 6,586 ₹ 19,758 ₹ 32,930
HDFC 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
ICICI Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264
SBI 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
LIC Housing Finance 6.66% ₹ 6,426 ₹ 19,279 ₹ 32,131
Axis Bank 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098

UCO Bank Home Loan Amortization Calculator

UCO Bank Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. UCO Bank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Home Loan of ₹ 30 Lakh for 15 years from UCO Bank at an interest rate of 6.90%. EMI calculated for this loan amount is ₹ 26,797 and the total annual EMIs to be paid annually is ₹ 3,21,569. The EMI schedule of loan for 15 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 30 Lakh over the 15 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 34,445 ₹ 19,150 ₹ 53,595 ₹ 29,80,850
2022 ₹ 2,01,942 ₹ 1,19,626 ₹ 3,21,569 ₹ 28,61,224
2023 ₹ 1,93,422 ₹ 1,28,147 ₹ 3,21,569 ₹ 27,33,077
2024 ₹ 1,84,295 ₹ 1,37,274 ₹ 3,21,569 ₹ 25,95,803
2025 ₹ 1,74,518 ₹ 1,47,051 ₹ 3,21,569 ₹ 24,48,752
2026 ₹ 1,64,044 ₹ 1,57,525 ₹ 3,21,569 ₹ 22,91,227
2027 ₹ 1,52,824 ₹ 1,68,744 ₹ 3,21,569 ₹ 21,22,483
2028 ₹ 1,40,806 ₹ 1,80,763 ₹ 3,21,569 ₹ 19,41,720
2029 ₹ 1,27,931 ₹ 1,93,638 ₹ 3,21,569 ₹ 17,48,082
2030 ₹ 1,14,139 ₹ 2,07,430 ₹ 3,21,569 ₹ 15,40,652
2031 ₹ 99,365 ₹ 2,22,204 ₹ 3,21,569 ₹ 13,18,449
2032 ₹ 83,539 ₹ 2,38,030 ₹ 3,21,569 ₹ 10,80,418
2033 ₹ 66,585 ₹ 2,54,984 ₹ 3,21,569 ₹ 8,25,435
2034 ₹ 48,424 ₹ 2,73,145 ₹ 3,21,569 ₹ 5,52,290
2035 ₹ 28,970 ₹ 2,92,599 ₹ 3,21,569 ₹ 2,59,691
2036 ₹ 8,283 ₹ 2,59,691 ₹ 2,67,974 -₹ 0

In the above illustration, on a UCO Bank Home Loan of₹ 30 Lakh, taken at the lowest interest rate of 6.90, EMI paid is ₹ 26,797 and an annual total of EMIs is ₹ 3,21,569, the interest component is ₹ 2,03,306 while the principal component is ₹ 1,18,262 in year 1 of loan disbursement. You repay only 3.94% of the total principal after paying 12 EMIs during the first year.

UCO Bank Home Loan EMI for ₹ 10 Lakh

The following table shows UCO Bank Housing Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 6.90%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 6.90% 5 Years ₹ 19,754
₹ 10,00,000 6.90% 10 Years ₹ 11,559
₹ 10,00,000 6.90% 15 Years ₹ 8,932
₹ 10,00,000 6.90% 20 Years ₹ 7,693
₹ 10,00,000 6.90% 0 Years

UCO Bank Home Loan EMI for ₹ 20 Lakh

The following table shows UCO Bank Housing Loan EMI for ₹ 20,00,000 for different tenures at an interest rate of 6.90%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 6.90% 5 Years ₹ 39,508
₹ 20,00,000 6.90% 10 Years ₹ 23,119
₹ 20,00,000 6.90% 15 Years ₹ 17,865
₹ 20,00,000 6.90% 20 Years ₹ 15,386
₹ 20,00,000 6.90% 0 Years

UCO Bank Home Loan EMI for ₹ 30 Lakh

The following table shows UCO Bank Housing Loan EMI for ₹ 30,00,000 for different tenures at an interest rate of 6.90%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 6.90% 5 Years ₹ 59,262
₹ 30,00,000 6.90% 10 Years ₹ 34,678
₹ 30,00,000 6.90% 15 Years ₹ 26,797
₹ 30,00,000 6.90% 20 Years ₹ 23,079
₹ 30,00,000 6.90% 0 Years

UCO Bank Home Loan EMI for ₹ 50 Lakh

The following table shows UCO Bank Housing Loan EMI for ₹ 50,00,000 for different tenures at an interest rate of 6.90%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 6.90% 5 Years ₹ 98,770
₹ 50,00,000 6.90% 10 Years ₹ 57,797
₹ 50,00,000 6.90% 15 Years ₹ 44,662
₹ 50,00,000 6.90% 20 Years ₹ 38,465
₹ 50,00,000 6.90% 0 Years

Other Loan Calculators Offered by MyLoanCare

FAQs

Will the UCO Bank home loan EMI remain constant or change in future?

No, your UCO Bank Home Loan EMI can change if you have taken a floating rate loan and there is a change in the repo rate to which the home loan rate has been benchmarked. However, if it is a fixed rate loan, the UCO Bank Home Loan EMI will remain unchanged throughout the loan tenure unless you request for a change in tenure or prepay your loan amount.

What happens in case of increase or decrease in UCO Bank interest rate?

UCO Bank offers floating rate home loans only. If you take a floating rate loan from UCO Bank, your interest rate and hence EMI will decrease with a cut in the repo rate and increase with an increase in repo rate on the date of reset. This means that your UCO Bank home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will UCO Bank home loan EMI change in case of prepayment?

UCO Bank allows prepayment at nil charges in case of floating rate home loans. When you make a prepayment, the outstanding balance of the principal amount on your UCO Bank home loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure the same (that is paying a lesser amount every month). It is beneficial to keep the UCO Bank home loan EMI constant and reduce the loan tenure as you pay less interest to the bank in this option. After prepayment, you can calculate your home loan EMI using UCO Bank home loan calculator.

Why should I calculate UCO Bank loan EMI before taking a loan?

It is advised to calculate UCO Bank home loan EMI before taking a home loan. There are several benefits of calculating your UCO Bank housing loan EMI which can be done using UCO Bank loan calculator UCO Bank housing loan EMI calculator as discussed below -

  • In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and make UCO Bank EMI affordable.
  • If you already know the EMI you have to pay each month, then you can plan your spends accordingly
  • Based on the EMI amount, you can opt for making a prepayment of your home loan in the future when you have a surplus amount. You can calculate the aftermaths of prepayment using home loan emi calculator UCO Bank.

What is the EMI for home loan in UCO Bank?

The UCO Bank EMI will vary based on loan amount, tenure, rate of interest and can be calculated using UCO Bank home loan calculator. Based on the lowest rate of 6.90% and maximum tenure of 30 years, the UCO Bank home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 6,586
₹ 12 Lakh ₹ 7,903
₹ 15 Lakh ₹ 9,879
₹ 30 Lakh ₹ 19,758
₹ 50 Lakh ₹ 32,930

You can compare UCO Bank home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.

How accurate is a UCO Bank Housing Loan EMI calculator?

Online UCO Bank housing loan calculators use technology to calculate the results and hence, if the data entered by you is correct the results should be 100% accurate.The calculator works on a mathematical algorithm based on the formula: P*r* (1+r)^n/([(1+r)^n]-1). Here, P is the loan amount, r is the rate of interest per month and n is the tenure in month. The UCO Bank home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your UCO Bank Home loan EMI Online?

To pay the EMI of UCO Bank home loan, you can log in to your net banking account as provided during the time of availing the loan and pay using your savings account or debit/credit card. You can also visit the branch and submit the cheque of your EMI.

How is UCO Bank home loan EMI calculated?

The UCO Bank Home loan EMI calculation formula is as follows:
E = [P x R x (1+R)^N]/[(1+R)^N-1] where
‘E’ means Equated monthly instalments
‘P’ means the principal amount
‘N’ is the number of monthly instalments
‘R’ is the interest rate per month.

What is the EMI for ₹ 10 Lakh home loan in UCO Bank?

You can use a 10 lakh home loan emi calculator UCO Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 6.90% 10 years loan ₹ 11,559
₹ 10 Lakh 6.90% 15 years loan ₹ 8,932
₹ 10 Lakh 6.90% 20 years loan ₹ 7,693

What is the EMI for ₹ 20 Lakh home loan in UCO Bank?

You can use a 20 lakh home loanemi calculator UCO Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 6.90% 10 years loan ₹ 23,119
₹ 20 Lakh 6.90% 15 years loan ₹ 17,865
₹ 20 Lakh 6.90% 20 years loan ₹ 15,386

What is the EMI for ₹ 30 Lakh home loan in UCO Bank?

You can use a 30 lakh home loan emi calculator UCO Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 6.90% 10 years loan ₹ 34,678
₹ 30 Lakh 6.90% 15 years loan ₹ 26,797
₹ 30 Lakh 6.90% 20 years loan ₹ 23,079

What is the EMI for ₹ 50 Lakh home loan in UCO Bank?

You can use a 50 lakh home loan emi calculator UCO Bank, to determine different EMI for different tenures. Let`s understand with examples:-

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 6.90% 10 years loan ₹ 57,797
₹ 50 Lakh 6.90% 15 years loan ₹ 44,662
₹ 50 Lakh 6.90% 20 years loan ₹ 38,465

What is the EMI for a 25 lakhs home loan in UCO Bank and how is it calculated?

EMI for ₹ 25 lakhs will be as follows for three different tenure, as per 25 lakh home loan emi calculator UCO Bank:--

Loan amount Interest rate Tenure EMI
₹ 25 Lakh 6.90% 10 years loan ₹ 28,898
₹ 25 Lakh 6.90% 15 years loan ₹ 22,331
₹ 25 Lakh 6.90% 20 years loan ₹ 19,233

What is the EMI for 12 lakhs home loan in UCO Bank?

A borrower will pay ₹ 12,277 if he/she takes a loan for 12 years at an interest rate of 6.90%. The 12 lakh home loan emi UCO Bank may vary across UCO Bank home loan interest rate.

Compare Home Loan EMI of All Banks


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UCO Bank Home Loan News - Nov 2021
  • 2021-11-11 : UCO Bank Partner With Aadhar Housing Finance
    UCO Bank has partnered with Aadhar Housing Finance to offer home loans at competitive interest rates. The aim of both the lenders is to provide convenient banking to its home loan customers from the economically weaker sections of society.
  • 2021-10-29 : Uco Bank Profit Surges In Q2
    Uco Bank posted a growth in profit of nearly 7 fold in the quarter ended September 2021. The lenders profit stood at Rs 205.5 crore as against Rs 30.1 crore of last years profit.
  • 2020-08-04 : UCO Bank reports Rs. 21.46 crore PAT in Q1
    UCO Bank posted a net profit of Rs.21.46 crores for the period ended June 30, 2020, as against a net profit of Rs.16.78 crores for the period ended March 31, 2020. The bank reported total income aided by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans of Rs.4436.57 crores during the period ended June 30, 2020. In addition to this, total deposits which include FD, RD, current and savings accounts increased by 1.4% to Rs 1,95,119.60 crore.
  • 2020-06-30 : UCO Bank Q4 net profit of Rs 16.78 crore
    UCO Bank reported a net profit of Rs 16.78 crore for the fourth quarter ended March 31, mainly due to falling in NPA and lower provisioning. Income during the March quarterbacked by the retail loan like home, personal, gold, two-wheeler, car along with business and mudra loan, increased to 4,511.21 crores, from Rs 4,148.52 crore in same period of preceding fiscal.
  • 2019-07-12 : UCO Bank eyes growth this fiscal, aims to thrust over home loans and business loans
    Public sector lender, UCO Bank is aiming to achieve steady growth during FY19-20. For this, the lender is trying to reduce its bad loans and chalking out ways to get out of RBI’s prompt corrective action (PCA) by 2020. Also, it has plans to give thrust to retail loans, including home loans, mortgage loans, MSMEs (micro, small & medium enterprises) and agriculture loans this year.
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