Union Bank Loan Against Property EMI Calculator
Union Bank of India Mortgage Loan EMI 2021
Get monthly EMI as low as ₹ 1,184 per lakh on Union Bank of India loan against property. Mortgage loan EMI in Union Bank of India depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.
| Loan Amount | 5 Year Loan | 7 Year loan | 12 Year loan |
|---|---|---|---|
| ₹ 10 Lakh | ₹ 21,149 | ₹ 16,498 | ₹ 11,836 |
| ₹ 25 Lakh | ₹ 52,872 | ₹ 41,245 | ₹ 29,589 |
| ₹ 40 Lakh | ₹ 84,595 | ₹ 65,992 | ₹ 47,342 |
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Loan Against Property EMI Calculator Union Bank of India
You can calculate your Union Bank of India loan against property EMI in advance to plan your expenses using a Union Bank of India mortgage loan calculator. Union Bank of India loan against property EMI calculator is an online tool that gives accurate results without hassle.
Why should you use Union Bank of India Loan Against Property EMI Calculator?
Union Bank of India Mortgage Loan EMI Calculator to estimate the EMI that fits your budget
To calculate the EMI against Union Bank of India EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the Union Bank of India Loan against property EMI calculator. The table below shows the Union Bank of India EMI calculation at the various combinations of loan amount and years at the lowest rate of 9.80%.
Union Bank of India Loan against property EMI is calculated for different loan amounts and tenures at 9.80% interest rate
| Loan Tenure | |||
|---|---|---|---|
| Loan Amount (Rs.) | 10 years | 15 years | 20 years |
| EMI on ₹ 15,00,000 | ₹ 19,657 | ₹ 15,936 | ₹ 14,277 |
| EMI on ₹ 25,00,000 | ₹ 32,761 | ₹ 26,560 | ₹ 23,795 |
| EMI on ₹ 40,00,000 | ₹ 52,418 | ₹ 42,496 | ₹ 38,072 |
| EMI on ₹ 60,00,000 | ₹ 78,627 | ₹ 63,744 | ₹ 57,108 |
Factors Affecting Union Bank of India Property Loan EMI
You can calculate Union Bank of India 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.
If you apply for a higher loan amount, you will have to pay a higher EMI on
A higher interest rate increases your Union Bank of India loan against property EMI, increasing the total cost of the loan. As per the current rates, Union Bank of India provides loan against property at rates starting at 9.80%. Before applying for a loan, you must compare LAP rates and calculate EMI online using Union Bank of India loan against property loan calculator.
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 Union Bank of India 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 |
|---|---|---|---|---|
| Union Bank of India | 9.80% | ₹ 11,836 | ₹ 35,507 | ₹ 59,178 |
| 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 |
| Cholamandalam | 10.00% | ₹ 10,746 | ₹ 32,238 | ₹ 53,730 |
| Federal Bank | 10.10% | ₹ 13,271 | ₹ 39,812 | ₹ 66,353 |
| Standard Chartered Bank | 10.10% | ₹ 10,807 | ₹ 32,422 | ₹ 54,037 |
| Indian Bank | 10.50% | ₹ 16,861 | ₹ 50,582 | ₹ 84,303 |
| Dhan Laxmi Bank | 10.60% | ₹ 11,116 | ₹ 33,348 | ₹ 55,580 |
| Andhra Bank | 10.75% | ₹ 13,634 | ₹ 40,902 | ₹ 68,169 |
| United Bank of India | 10.75% | ₹ 16,991 | ₹ 50,974 | ₹ 84,956 |
| Karnataka Bank | 10.89% | ₹ 11,297 | ₹ 33,891 | ₹ 56,485 |
| OBC | 10.95% | ₹ 13,747 | ₹ 41,240 | ₹ 68,734 |
| Lakshmi Vilas Bank | 11.00% | ₹ 13,775 | ₹ 41,325 | ₹ 68,875 |
| Corporation Bank | 11.35% | ₹ 13,974 | ₹ 41,922 | ₹ 69,869 |
| Piramal Housing Finance | 11.50% | ₹ 10,664 | ₹ 31,993 | ₹ 53,321 |
| IDFC First Bank | 11.80% | ₹ 11,873 | ₹ 35,620 | ₹ 59,367 |
| Central Bank of India | 13.75% | ₹ 15,377 | ₹ 46,130 | ₹ 76,883 |
| Allahabad Bank | 14.15% | ₹ 16,422 | ₹ 49,265 | ₹ 82,108 |
Union 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 scheduleSuppose you borrow a Loan Against Property of ₹ 20 Lakh from Union Bank for 10 years at an interest rate of 9.80%, the EMI calculated for this loan amount would be ₹ 26,209 and the total annual EMIs to be paid annually is ₹ 3,14,510. The Union Bank Loan Against Property EMI schedule for 10 years is explained below in the table –
Amortization Schedule for a Loan Against Property of ₹ 20 Lakh over the 10 years
| Year | Interest paid during the year | Principal repaid during the year | Total amount paid during the year (Interest + Principal) | Outstanding Principal |
|---|---|---|---|---|
| 2021 | ₹ 96,777 | ₹ 60,478 | ₹ 1,57,255 | ₹ 19,39,522 |
| 2022 | ₹ 1,84,329 | ₹ 1,30,181 | ₹ 3,14,510 | ₹ 18,09,341 |
| 2023 | ₹ 1,70,982 | ₹ 1,43,527 | ₹ 3,14,510 | ₹ 16,65,814 |
| 2024 | ₹ 1,56,267 | ₹ 1,58,242 | ₹ 3,14,510 | ₹ 15,07,571 |
| 2025 | ₹ 1,40,044 | ₹ 1,74,466 | ₹ 3,14,510 | ₹ 13,33,105 |
| 2026 | ₹ 1,22,157 | ₹ 1,92,353 | ₹ 3,14,510 | ₹ 11,40,752 |
| 2027 | ₹ 1,02,436 | ₹ 2,12,074 | ₹ 3,14,510 | ₹ 9,28,678 |
| 2028 | ₹ 80,693 | ₹ 2,33,816 | ₹ 3,14,510 | ₹ 6,94,862 |
| 2029 | ₹ 56,722 | ₹ 2,57,788 | ₹ 3,14,510 | ₹ 4,37,074 |
| 2030 | ₹ 30,292 | ₹ 2,84,218 | ₹ 3,14,510 | ₹ 1,52,856 |
| 2031 | ₹ 4,399 | ₹ 1,52,856 | ₹ 1,57,255 | -₹ 0 |
Each Union 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 39.42% of your EMI has been used to repay the principal amount. This means that the remaining 60.58% of the EMI went into interest payment. Thus, you end up paying only 6.2% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to Union Bank.
In year 10, the interest component of Union Bank EMI is around 5.11%, while the principal component is around 94.89%. Upto 10 years, you have cumulatively repaid 100% of your total Union Bank Loan Against Property.
Union Bank of India Loan Against Property EMI for ₹ 10 Lakh
The following table shows EMI on Union Bank of India loan against property for ₹ 10,00,000 for different tenures at an interest rate of 9.80%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 10,00,000 | 9.80% | 5 Years | ₹ 21,149 |
| ₹ 10,00,000 | 9.80% | 10 Years | ₹ 13,105 |
| ₹ 10,00,000 | 9.80% | 12 Years | ₹ 11,836 |
| ₹ 10,00,000 | 9.80% | 12 Years | ₹ 11,836 |
Union Bank of India Loan Against Property EMI for ₹ 25 Lakh
The following table shows Union Bank of India loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 9.80%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 25,00,000 | 9.80% | 5 Years | ₹ 52,872 |
| ₹ 25,00,000 | 9.80% | 10 Years | ₹ 32,761 |
| ₹ 25,00,000 | 9.80% | 12 Years | ₹ 29,589 |
| ₹ 25,00,000 | 9.80% | 12 Years | ₹ 29,589 |
Union Bank of India Mortgage Loan EMI for ₹ 30 Lakh
The following table shows Union Bank of India loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 9.80%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 30,00,000 | 9.80% | 5 Years | ₹ 63,446 |
| ₹ 30,00,000 | 9.80% | 10 Years | ₹ 39,314 |
| ₹ 30,00,000 | 9.80% | 12 Years | ₹ 35,507 |
| ₹ 30,00,000 | 9.80% | 12 Years | ₹ 35,507 |
FAQs
✅Will the Union Bank of India Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?
Union Bank of India 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 Union Bank of India LAP EMI are listed as follows:
✅Will Union Bank of India Loan Against Property EMI change in case of prepayment?
Similar to all loans, Union Bank of India Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:
✅How does EMI calculator calculate Union Bank of India Loan Against Property EMI?
Union Bank of India Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:
✅How much loan can I get against my property from Union Bank of India?
You can avail of a maximum loan of ₹ 10,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 50% of the property value. Union Bank of India assesses the property before approving your mortgage loan application.
✅How to pay your Union Bank of India Mortgage loan EMI Online?
You can pay the Union Bank of India 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 Union Bank of India branch to submit the cheque of your EMI.
✅What is the EMI for ₹ 10 Lakh mortgage loan in Union Bank of India?
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 | 9.80% | 5 years | ₹ 21,149 |
| ₹ 10 Lakh | 9.80% | 10 years | ₹ 13,105 |
| ₹ 10 Lakh | 9.80% | 12 years | ₹ 11,836 |
| ₹ 10 Lakh | 9.80% | 12 years | ₹ 11,836 |
✅How is Union Bank of India loan against property EMI calculated?
You can calculate Union Bank of India LAP EMI using the mathematical formula mentioned below or using an online Union Bank of India LAP EMI Calculator.
✅What is the EMI for ₹ 20 Lakh Loan against property in Union Bank of India?
To determine different Loan against property EMI Union Bank of India 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 | 9.80% | 5 years | ₹ 42,298 |
| ₹ 20 Lakh | 9.80% | 10 years | ₹ 26,209 |
| ₹ 20 Lakh | 9.80% | 12 years | ₹ 23,671 |
| ₹ 20 Lakh | 9.80% | 12 years | ₹ 23,671 |
✅What is the EMI for ₹ 30 Lakh mortgage loan in Union Bank of India?
To determine different Union Bank of India EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.
| Loan amount | Interest rate | Tenure | EMI |
|---|---|---|---|
| ₹ 30 Lakh | 9.80% | 5 years | ₹ 63,446 |
| ₹ 30 Lakh | 9.80% | 10 years | ₹ 39,314 |
| ₹ 30 Lakh | 9.80% | 12 years | ₹ 35,507 |
| ₹ 30 Lakh | 9.80% | 12 years | ₹ 35,507 |
✅What is the EMI for ₹ 50 Lakh mortgage loan in Union Bank of India?
To estimate Union Bank of India 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 | 9.80% | 5 years | ₹ 1,05,744 |
| ₹ 50 Lakh | 9.80% | 10 years | ₹ 65,523 |
| ₹ 50 Lakh | 9.80% | 12 years | ₹ 59,178 |
| ₹ 50 Lakh | 9.80% | 12 years | ₹ 59,178 |
Compare Loan Against Property EMI of All Banks
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