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UCO Bank Loan Against Property EMI Calculator

UCO Bank Mortgage Loan EMI 2021

Last Updated 11th Nov 2021

Get monthly EMI as low as ₹ 1,164 per lakh on UCO Bank loan against property. Mortgage loan EMI in UCO Bank depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.

  • Use UCO Bank mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check UCO Bank property loan EMI for different tenures at the current rate of 9.45%
Loan Amount5 Year Loan7 Year loan12 Year loan
₹ 20 Lakh₹ 41,955₹ 32,637₹ 23,270
₹ 30 Lakh₹ 62,932₹ 48,955₹ 34,906
₹ 50 Lakh₹ 1,04,887₹ 81,592₹ 58,176
Apply for Loan Against Property @ 6.90%* Get upto ₹ 1,000* Cashback
Best Offers on Loan Against Property offerOffers
Bank/NBFCs Rate* EMI per Lakh* Action

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Loan Against Property EMI Calculator UCO Bank

You can calculate your UCO Bank loan against property EMI in advance to plan your expenses using a UCO Bank mortgage loan calculator. UCO Bank loan against property EMI calculator is an online tool that gives accurate results without hassle.

Why should you use UCO Bank Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With UCO Bank LAP EMI Calculator, you can compare the EMI on your loan against property with different loan tenures and loan amount. However, you must check the interest rate on UCO Bank loan against property to calculate the EMI. As per the current rates, UCO Bank offers the lowest EMI per lakh of ₹ 1,164 at 9.45 %
  • Compare UCO Bank LAP EMI : You can also get a precise estimate on your loan against property compared to other banks at the same loan amount and tenure by using UCO Bank loan EMI Calculator. On the basis of UCO Bank Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : UCO Bank Loan against EMI Calculator helps you to calculate the division of total EMIs into interest and principal repayment at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance : Finally, you can also use UCO Bank EMI Calculator to calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Thus, it can help you reduce your loan tenure by prepayment or foreclosure or to avail loan at a lower rate with balance trasnfer.

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

To calculate the EMI against UCO Bank EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the UCO Bank Loan against property EMI calculator. The table below shows the UCO Bank EMI calculation at the various combinations of loan amount and years at the lowest rate of 9.45%.

UCO Bank Loan against property EMI is calculated for different loan amounts and tenures at 9.45% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 19,369 ₹ 15,618 ₹ 13,933
EMI on ₹ 25,00,000 ₹ 32,281 ₹ 26,030 ₹ 23,222
EMI on ₹ 40,00,000 ₹ 51,650 ₹ 41,648 ₹ 37,155
EMI on ₹ 60,00,000 ₹ 77,474 ₹ 62,473 ₹ 55,732

Factors Affecting UCO Bank Property Loan EMI

You can calculate UCO Bank EMI for your loan against property using an online LAP EMI Calculator, which considers 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 on loan against property. You can avail of UCO Bank loan against property for an amount ranging between ₹ 5,00,000 to ₹ 5,00,00,000.

Interest Rate

A higher interest rate increases your UCO Bank loan against property EMI, increasing the total cost of the loan. As per the current rates, UCO Bank provides loan against property at rates starting at 9.45%. Before applying for a loan, you must compare LAP rates and calculate EMI online using UCO Bank loan against property loan calculator.

Loan Tenure

Your EMI will be lower if you avail mortgage loan for a maximum tenure of 12 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.

Comparison of UCO Bank Loan Against Property 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 9.45% ₹ 11,635 ₹ 34,906 ₹ 58,176
Kotak Bank 9.50% ₹ 11,664 ₹ 34,991 ₹ 58,319
PNB 9.50% ₹ 12,940 ₹ 38,819 ₹ 64,699
Indian Overseas Bank 9.75% ₹ 16,472 ₹ 49,417 ₹ 82,361
HSBC Bank 9.80% ₹ 10,624 ₹ 31,872 ₹ 53,120
Union Bank of India 9.80% ₹ 11,836 ₹ 35,507 ₹ 59,178
Canara Bank 9.95% ₹ 16,575 ₹ 49,726 ₹ 82,877
Syndicate Bank 9.95% ₹ 13,187 ₹ 39,562 ₹ 65,937
Indiabulls 9.99% ₹ 13,210 ₹ 39,629 ₹ 66,048
Federal Bank 10.10% ₹ 13,271 ₹ 39,812 ₹ 66,353
Standard Chartered Bank 10.10% ₹ 10,807 ₹ 32,422 ₹ 54,037

UCO Bank Loan Against Property Amortization Calculator

The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.

Illustration: How to read an amortization schedule

Suppose you borrow a Loan Against Property of ₹ 25 Lakh from UCO Bank for 5 years at an interest rate of 9.45%, the EMI calculated for this loan amount would be ₹ 52,444 and the total annual EMIs to be paid annually is ₹ 6,29,323. The UCO Bank Loan Against Property EMI schedule for 5 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 25 Lakh over the 5 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 19,688 ₹ 32,756 ₹ 52,444 ₹ 24,67,244
2022 ₹ 2,15,537 ₹ 4,13,786 ₹ 6,29,323 ₹ 20,53,458
2023 ₹ 1,74,695 ₹ 4,54,628 ₹ 6,29,323 ₹ 15,98,830
2024 ₹ 1,29,822 ₹ 4,99,501 ₹ 6,29,323 ₹ 10,99,330
2025 ₹ 80,521 ₹ 5,48,802 ₹ 6,29,323 ₹ 5,50,527
2026 ₹ 26,352 ₹ 5,50,527 ₹ 5,76,879 ₹ 0

Each UCO Bank Loan Against Property EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.

As you assess the amortization table, you will find that by the end of 1st year 65.24% of your EMI has been used to repay the principal amount. This means that the remaining 34.76% of the EMI went into interest payment. Thus, you end up paying only 16.42% of the loan amount of ₹ 25 Lakh after paying 12 EMIs in the first year to UCO Bank.

In year 5, the interest component of UCO Bank EMI is around 4.94%, while the principal component is around 95.06%. Upto 5 years, you have cumulatively repaid 100% of your total UCO Bank Loan Against Property.

UCO Bank Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on UCO Bank loan against property for ₹ 10,00,000 for different tenures at an interest rate of 9.45%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 9.45% 5 Years ₹ 20,977
₹ 10,00,000 9.45% 10 Years ₹ 12,912
₹ 10,00,000 9.45% 12 Years ₹ 11,635
₹ 10,00,000 9.45% 12 Years ₹ 11,635

UCO Bank Loan Against Property EMI for ₹ 25 Lakh

The following table shows UCO Bank loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 9.45%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 9.45% 5 Years ₹ 52,444
₹ 25,00,000 9.45% 10 Years ₹ 32,281
₹ 25,00,000 9.45% 12 Years ₹ 29,088
₹ 25,00,000 9.45% 12 Years ₹ 29,088

UCO Bank Mortgage Loan EMI for ₹ 30 Lakh

The following table shows UCO Bank loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 9.45%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 9.45% 5 Years ₹ 62,932
₹ 30,00,000 9.45% 10 Years ₹ 38,737
₹ 30,00,000 9.45% 12 Years ₹ 34,906
₹ 30,00,000 9.45% 12 Years ₹ 34,906

FAQs

Will the UCO Bank Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

UCO Bank Loan against property may change as per the borrower’s financial ability or in case of floating rate of interests offered by the lender. The consequences of the change in UCO Bank LAP EMI are listed as follows:

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by UCO Bank subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI).
  • In case the floating rate of interest on your loan increases, UCO Bank will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case, the interest rates increase to the extent that the revised loan tenure is more than the maximum permissible by UCO Bank, the bank may increase your EMI amount.

Will UCO Bank Loan Against Property EMI change in case of prepayment?

Similar to all loans, UCO Bank Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying a lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
  • Note that UCO Bank may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does EMI calculator calculate UCO Bank Loan Against Property EMI?

UCO Bank Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:

  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • UCO Bank mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.

How much loan can I get against my property from UCO Bank?

You can avail of a maximum loan of ₹ 5,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 50% of the property value. UCO Bank assesses the property before approving your mortgage loan application.

How to pay your UCO Bank Mortgage loan EMI Online?

You can pay the UCO Bank mortgage loan EMI by logging in to your net banking account as provided when availing of the loan using your savings account or debit/credit card. You can also visit the UCO Bank branch to submit the cheque of your EMI.

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

To determine different EMI for different tenures, you can use a 10 lakh loan against property EMI Calculator. Consider this example for a better understanding.

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 9.45% 5 years ₹ 20,977
₹ 10 Lakh 9.45% 10 years ₹ 12,912
₹ 10 Lakh 9.45% 12 years ₹ 11,635
₹ 10 Lakh 9.45% 12 years ₹ 11,635

How is UCO Bank loan against property EMI calculated?

You can calculate UCO Bank LAP EMI using the mathematical formula mentioned below or using an online UCO Bank LAP EMI Calculator.

  • 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 ₹ 20 Lakh Loan against property in UCO Bank?

To determine different Loan against property EMI UCO Bank for different tenures, you can use a 20 lakh loan against property Calculator, as reflected in the table below:

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 9.45% 5 years ₹ 41,955
₹ 20 Lakh 9.45% 10 years ₹ 25,825
₹ 20 Lakh 9.45% 12 years ₹ 23,270
₹ 20 Lakh 9.45% 12 years ₹ 23,270

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

To determine different UCO Bank EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 9.45% 5 years ₹ 62,932
₹ 30 Lakh 9.45% 10 years ₹ 38,737
₹ 30 Lakh 9.45% 12 years ₹ 34,906
₹ 30 Lakh 9.45% 12 years ₹ 34,906

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

To estimate UCO Bank EMI for different loans against property tenures, you can use a 50 lakh mortgage Calculator. The results are mentioned as follows:

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 9.45% 5 years ₹ 1,04,887
₹ 50 Lakh 9.45% 10 years ₹ 64,562
₹ 50 Lakh 9.45% 12 years ₹ 58,176
₹ 50 Lakh 9.45% 12 years ₹ 58,176


UCO Bank Loan Against Property Reviews 2.5/5  by 1 customers
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UCO Bank Loan Against Property News - Dec 2021
  • 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.
  • 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.
  • 2019-06-14 : UCO Bank revises MCLR rates across loan tenures
    Private sector lender, UCO Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenure for June. Now the retail loans, including home loans and mortgage loans, would become cheaper. Now for one month and three months, the rate stands at 8.20% and 8.30% respectively. For 6 months, the rate has been revised to 8.55%. While for 1 year, the rate stands at 8.65%. The revised rates are effective from June 10, 2019.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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