Union Bank of India Personal Loan EMI Calculator

During times of sudden emergencies or when you have specific financial goals like travel or marriage plans, personal loans can provide the necessary funds. However, before applying for a loan, it is crucial to calculate the loan amount you can afford. Online personal loan EMI calculators, such as the Union Bank of India personal loan EMI calculator, offered by Angel One, can assist you in this process. This calculator helps you determine your Equated Monthly Instalment (EMI) based on the loan amount, interest rate, and loan tenure. By entering these details, you can instantly calculate your monthly EMI, gaining a clear understanding of your repayment obligations.

The online Union Bank of India personal loan EMI calculator offers the convenience of adjusting the loan parameters to find the most suitable EMI for your financial needs.

The personal loan EMI calculator is an intelligent tool that simplifies complex calculations involved in determining your monthly instalments. It takes into account three key factors: the loan amount, interest rate, and tenure. Once you input these details into the calculator, it swiftly computes the monthly EMI amount you need to pay.

With the personal loan EMI calculator, you can effortlessly experiment with different loan scenarios. Adjust the loan amount or tenure to see how they affect your EMI. This tool empowers you to make informed borrowing decisions, ensuring you choose a repayment plan that aligns with your financial capabilities.

You can calculate personal loan EMI using the following formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

Where,
P = Principal amount
R = Interest rate per month
N = Loan tenure in months

The online Union Bank of India personal loan EMI calculator uses the same formula. Hence, you can use the calculator instead of performing manual calculations and save both time and effort.

The Union Bank of India personal loan EMI calculator offers a user-friendly interface that makes it a breeze to use. Follow the steps below to calculate your loan obligations in seconds:

• Visit the Angel One website and access the online Union Bank of India personal loan EMI calculator.
• Enter the principal amount.
• Enter the rate of interest.
• Input the loan tenure.

Once you enter the values, the Union Bank of India personal loan EMI calculator will instantly display the results.

You can try different values for the loan amount, interest rate, and loan tenure to find an EMI that suits your budget.

Here is an example.

Suppose you decide to take a loan of Rs. 3,00,000 to cover your medical expenses. This amount will be the principal amount. The bank charges you 7% p.a., and you wish to repay the loan in 1 year. Enter the respective values in the fields in the calculator. The online Union Bank of India personal loan EMI calculator will calculate and display the results.

For a loan of Rs. 3,00,000, your EMI for one year will be Rs. 25,958, the total interest will amount to Rs. 11,496, and the final payable amount will be Rs. 3,11,496.

• Easy and convenient: The Union Bank of India personal loan EMI calculator is user-friendly and accessible online. It allows you to calculate your EMI anytime and anywhere and eliminates the need for manual calculations, saving you time and effort.
• Quick comparison: With the online Union Bank of India personal loan EMI calculator, you can compare different loan amounts, interest rates, and tenures to find the most suitable option for you. This helps you make well-informed decisions and choose the loan that aligns with your financial goals.
• Accurate EMI calculation: With the Union Bank of India personal loan EMI calculator, you can accurately determine your EMI. This eliminates errors, ensures transparency and helps you plan your finances better.
• Effective decision-making: Using the Union Bank of India personal loan EMI calculator gives you a comprehensive view of your loan repayments. This way, the tool empowers you to make informed decisions about your personal loan.

Union Bank offers a variety of personal loans, including special schemes for women. Here are the personal loan options available:

• Union Women Professional Personal Loan Scheme (UWPPL): This loan scheme is designed for women professionals and caters to various personal expenses such as weddings, purchasing consumer durables, planning holidays, and more.
• Union Professional Personal Loan Scheme: The Union Professional Personal Loan Scheme allows individuals to fulfil their personal needs and aspirations. Whether it's funding a wedding, planning a vacation, or covering any personal expense, this loan scheme caters to various requirements.
• Union Ashiyana Personal Loan Scheme: The Union Ashiyana Personal Loan Scheme provides a range of financial solutions to support personal needs, especially for Home Loan customers. This scheme covers various expenses related to property purchases, weddings, travel, and loan repayments with other banks.