United Bank Loan Against Property EMI Calculator
United Bank of India Mortgage Loan EMI 2021
Get monthly EMI as low as ₹ 1,699 per lakh on United Bank of India loan against property. Mortgage loan EMI in United 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 | 7 Year loan |
|---|---|---|---|
| ₹ 20 Lakh | ₹ 43,236 | ₹ 33,983 | ₹ 33,983 |
| ₹ 30 Lakh | ₹ 64,854 | ₹ 50,974 | ₹ 50,974 |
| ₹ 50 Lakh | ₹ 1,08,090 | ₹ 84,956 | ₹ 84,956 |
United Bank of India has merged into Punjab National Bank on April 1, 2020. The interest rates of Punjab National Bank will now be applicable on United Bank of India Loan Against Property.
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Loan Against Property EMI Calculator United Bank of India
You can calculate your United Bank of India loan against property EMI in advance to plan your expenses using a United Bank of India mortgage loan calculator. United Bank of India loan against property EMI calculator is an online tool that gives accurate results without hassle.
Why should you use United Bank of India Loan Against Property EMI Calculator?
United Bank of India Mortgage Loan EMI Calculator to estimate the EMI that fits your budget
To calculate the EMI against United 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 United Bank of India Loan against property EMI calculator. The table below shows the United Bank of India EMI calculation at the various combinations of loan amount and years at the lowest rate of 10.75%.
United Bank of India Loan against property EMI is calculated for different loan amounts and tenures at 10.75% interest rate
| Loan Tenure | |||
|---|---|---|---|
| Loan Amount (Rs.) | 10 years | 15 years | 20 years |
| EMI on ₹ 15,00,000 | ₹ 20,451 | ₹ 16,814 | ₹ 15,228 |
| EMI on ₹ 25,00,000 | ₹ 34,085 | ₹ 28,024 | ₹ 25,381 |
| EMI on ₹ 40,00,000 | ₹ 54,535 | ₹ 44,838 | ₹ 40,609 |
| EMI on ₹ 60,00,000 | ₹ 81,803 | ₹ 67,257 | ₹ 60,914 |
Factors Affecting United Bank of India Property Loan EMI
You can calculate United 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 United Bank of India loan against property EMI, increasing the total cost of the loan. As per the current rates, United Bank of India provides loan against property at rates starting at 10.75%. Before applying for a loan, you must compare LAP rates and calculate EMI online using United Bank of India loan against property loan calculator.
Your EMI will be lower if you avail mortgage loan for a maximum tenure of 7 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.
Comparison of United 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 |
|---|---|---|---|---|
| United Bank of India | 10.75% | ₹ 16,991 | ₹ 50,974 | ₹ 84,956 |
| 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 |
| Cholamandalam | 11.00% | ₹ 11,366 | ₹ 34,098 | ₹ 56,830 |
| 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 |
| Central Bank of India | 13.75% | ₹ 15,377 | ₹ 46,130 | ₹ 76,883 |
| Allahabad Bank | 14.15% | ₹ 16,422 | ₹ 49,265 | ₹ 82,108 |
United 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 United Bank for 20 years at an interest rate of 10.75%, the EMI calculated for this loan amount would be ₹ 20,305 and the total annual EMIs to be paid annually is ₹ 2,43,655. The United Bank Loan Against Property EMI schedule for 20 years is explained below in the table –
Amortization Schedule for a Loan Against Property of ₹ 20 Lakh over the 20 years
| Year | Interest paid during the year | Principal repaid during the year | Total amount paid during the year (Interest + Principal) | Outstanding Principal |
|---|---|---|---|---|
| 2021 | ₹ 53,686 | ₹ 7,228 | ₹ 60,914 | ₹ 19,92,772 |
| 2022 | ₹ 2,12,729 | ₹ 30,926 | ₹ 2,43,655 | ₹ 19,61,846 |
| 2023 | ₹ 2,09,235 | ₹ 34,420 | ₹ 2,43,655 | ₹ 19,27,426 |
| 2024 | ₹ 2,05,347 | ₹ 38,308 | ₹ 2,43,655 | ₹ 18,89,118 |
| 2025 | ₹ 2,01,020 | ₹ 42,635 | ₹ 2,43,655 | ₹ 18,46,483 |
| 2026 | ₹ 1,96,204 | ₹ 47,451 | ₹ 2,43,655 | ₹ 17,99,033 |
| 2027 | ₹ 1,90,844 | ₹ 52,811 | ₹ 2,43,655 | ₹ 17,46,222 |
| 2028 | ₹ 1,84,879 | ₹ 58,776 | ₹ 2,43,655 | ₹ 16,87,446 |
| 2029 | ₹ 1,78,240 | ₹ 65,415 | ₹ 2,43,655 | ₹ 16,22,031 |
| 2030 | ₹ 1,70,850 | ₹ 72,804 | ₹ 2,43,655 | ₹ 15,49,226 |
| 2031 | ₹ 1,62,627 | ₹ 81,028 | ₹ 2,43,655 | ₹ 14,68,198 |
| 2032 | ₹ 1,53,474 | ₹ 90,181 | ₹ 2,43,655 | ₹ 13,78,017 |
| 2033 | ₹ 1,43,287 | ₹ 1,00,368 | ₹ 2,43,655 | ₹ 12,77,649 |
| 2034 | ₹ 1,31,950 | ₹ 1,11,705 | ₹ 2,43,655 | ₹ 11,65,944 |
| 2035 | ₹ 1,19,332 | ₹ 1,24,323 | ₹ 2,43,655 | ₹ 10,41,621 |
| 2036 | ₹ 1,05,288 | ₹ 1,38,366 | ₹ 2,43,655 | ₹ 9,03,254 |
| 2037 | ₹ 89,659 | ₹ 1,53,996 | ₹ 2,43,655 | ₹ 7,49,258 |
| 2038 | ₹ 72,264 | ₹ 1,71,391 | ₹ 2,43,655 | ₹ 5,77,867 |
| 2039 | ₹ 52,904 | ₹ 1,90,751 | ₹ 2,43,655 | ₹ 3,87,116 |
| 2040 | ₹ 31,357 | ₹ 2,12,298 | ₹ 2,43,655 | ₹ 1,74,818 |
| 2041 | ₹ 7,923 | ₹ 1,74,818 | ₹ 1,82,741 | ₹ 0 |
Each United 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 12.36% of your EMI has been used to repay the principal amount. This means that the remaining 87.64% of the EMI went into interest payment. Thus, you end up paying only 1.51% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to United Bank.
In year 20, the interest component of United Bank EMI is around 5.59%, while the principal component is around 94.41%. Upto 20 years, you have cumulatively repaid 100% of your total United Bank Loan Against Property.
United Bank of India Loan Against Property EMI for ₹ 10 Lakh
The following table shows EMI on United Bank of India loan against property for ₹ 10,00,000 for different tenures at an interest rate of 10.75%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 10,00,000 | 10.75% | 5 Years | ₹ 21,618 |
| ₹ 10,00,000 | 10.75% | 10 Years | ₹ 13,634 |
| ₹ 10,00,000 | 10.75% | 12 Years | ₹ 12,388 |
| ₹ 10,00,000 | 10.75% | 7 Years | ₹ 16,991 |
United Bank of India Loan Against Property EMI for ₹ 25 Lakh
The following table shows United Bank of India loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 10.75%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 25,00,000 | 10.75% | 5 Years | ₹ 54,045 |
| ₹ 25,00,000 | 10.75% | 10 Years | ₹ 34,085 |
| ₹ 25,00,000 | 10.75% | 12 Years | ₹ 30,970 |
| ₹ 25,00,000 | 10.75% | 7 Years | ₹ 42,478 |
United Bank of India Mortgage Loan EMI for ₹ 30 Lakh
The following table shows United Bank of India loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 10.75%
| Loan Amount | Interest rate | Tenure (Year) | EMI |
|---|---|---|---|
| ₹ 30,00,000 | 10.75% | 5 Years | ₹ 64,854 |
| ₹ 30,00,000 | 10.75% | 10 Years | ₹ 40,902 |
| ₹ 30,00,000 | 10.75% | 12 Years | ₹ 37,164 |
| ₹ 30,00,000 | 10.75% | 7 Years | ₹ 50,974 |
FAQs
✅Will the United Bank of India Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?
United 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 United Bank of India LAP EMI are listed as follows:
✅Will United Bank of India Loan Against Property EMI change in case of prepayment?
Similar to all loans, United 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 United Bank of India Loan Against Property EMI?
United 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 United Bank of India?
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 60% of the property value. United Bank of India assesses the property before approving your mortgage loan application.
✅How to pay your United Bank of India Mortgage loan EMI Online?
You can pay the United 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 United Bank of India branch to submit the cheque of your EMI.
✅What is the EMI for ₹ 10 Lakh mortgage loan in United 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 | 10.75% | 5 years | ₹ 21,618 |
| ₹ 10 Lakh | 10.75% | 10 years | ₹ 13,634 |
| ₹ 10 Lakh | 10.75% | 12 years | ₹ 12,388 |
| ₹ 10 Lakh | 10.75% | 7 years | ₹ 16,991 |
✅How is United Bank of India loan against property EMI calculated?
You can calculate United Bank of India LAP EMI using the mathematical formula mentioned below or using an online United Bank of India LAP EMI Calculator.
✅What is the EMI for ₹ 20 Lakh Loan against property in United Bank of India?
To determine different Loan against property EMI United 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 | 10.75% | 5 years | ₹ 43,236 |
| ₹ 20 Lakh | 10.75% | 10 years | ₹ 27,268 |
| ₹ 20 Lakh | 10.75% | 12 years | ₹ 24,776 |
| ₹ 20 Lakh | 10.75% | 7 years | ₹ 33,983 |
✅What is the EMI for ₹ 30 Lakh mortgage loan in United Bank of India?
To determine different United 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 | 10.75% | 5 years | ₹ 64,854 |
| ₹ 30 Lakh | 10.75% | 10 years | ₹ 40,902 |
| ₹ 30 Lakh | 10.75% | 12 years | ₹ 37,164 |
| ₹ 30 Lakh | 10.75% | 7 years | ₹ 50,974 |
✅What is the EMI for ₹ 50 Lakh mortgage loan in United Bank of India?
To estimate United 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 | 10.75% | 5 years | ₹ 1,08,090 |
| ₹ 50 Lakh | 10.75% | 10 years | ₹ 68,169 |
| ₹ 50 Lakh | 10.75% | 12 years | ₹ 61,940 |
| ₹ 50 Lakh | 10.75% | 7 years | ₹ 84,956 |
Compare Loan Against Property EMI of All Banks
- SBI
- HDFC
- ICICI Bank
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- HDFC Bank
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- South Indian Bank
- Federal Bank
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- Lakshmi Vilas Bank
- Allahabad Bank
- Andhra Bank
- Bank of India
- Canara Bank
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- DBS Bank
- India Shelters
- Piramal Housing Finance
- Cholamandalam
- 2021-07-15 : UBI and OBC merged with PNB
After the merger of UBI and OBC with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021. - 2019-07-19 : United Bank of India loans to get cheaper, as lender reduces MCLR rates by 5 basis points
United Bank of India has cut its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points. The move is supposed to make customer loans like home loans and mortgage loans cheaper. The lender has reduced a one-year MCLR rate to 8.70% as against 8.75% earlier. For one-month and three months, the rate has been revised to 8.25% and 8.40% respectively, which is also down by 5 basis points from earlier rates. The rates are effective from July 17, 2019. - 2019-04-18 : United Bank of India cuts MCLR by 5 basis points
United Bank of India has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenors for the month of April. The move is supposed to make home loans and mortgage loans cheaper. Now for 3 months, the MCLR stands at 8.45% as compared to 8.50% earlier while for 6 months, the rate has been revised to 8.55% from 8.60% respectively and for 1 year the rate now stands at 8.80% from 8.85% earlier. The revised rates are effective from April 18, 2019. - 2019-03-07 : United Bank of India signs bancassurance deal with HDFC Life Insurance
United Bank of India (UBI) has signed a bancassurance deal with private life insurer HDFC Life Insurance Company. Through this partnership, the customers of the bank will be able to take advantage of the relevant expertise in the field of insurance across life insurance products, distribution and customer service. In addition to this, the lender also has plans to achieve a significant growth across its retail loans including home loans and mortgage loans. - 2018-09-14 : United Bank of India increases Floating LAP rates by 5bps
United Bank of India has increased its floating interest Rate on the Loan Against Property (LAP) by 5 basis points. The new rate for the LAP now stands at 8.75%, which was 8.70% earlier. These rates are currently effective. There is no change in the processing fees.
