How Can The UBI Bank Personal Loan Calculator Benefit You?

Managing a loan can be a bit difficult sometimes. So it is better off to plan the loan before hand. Here’s where the UBI Bank Personal Loan EMI Calculator can help. Below mentioned are the two benefits of this calculator:

Assists you with Planning: In order to reach your financial objective, you will have to keep your toes under the sheet. You can’t be living the luxury life while paying the EMIs. Remember, servicing the loan takes priority over all other things. The UBI personal loan calculator will help you plan out your monthly expenses by determining the EMI you will have to pay.

Easy to Use – The UBI personal loan calculator is very easy to use even if you’re not that technologically sound. You don’t need to be a professional to use it. It is designed to be used by anyone. All you have to do is to fiddle around with three factors – loan amount, tenure and the interest rate.

How to Use UBI Bank Personal Loan EMI calculator?

Like we said, UBI Bank personal loan EMI calculator is no rocket science. It is easy to use. All you have to do is adjust three parameters based on your needs – the Loan Amount, Tenure and Interest Rate. Once you adjust these factors, the result will be before your eyes in no time. You can use this calculator either on Union Bank’s website or on the website of some financial technology companies.

Why UBI Personal Loan Should Be Your Next Choice to Finance Your Goals?

There are many players offering personal loan right now in the market. But are all of them good enough? Before applying, there are some mandatory checks you should do. Firstly, check the lender’s credibility. Second, compare the rate of interest offered by different banks – choose the one that is the lowest. Also, beware of the type of interest rate being offered to you – flat-rate interest or floating interest rate. Thirdly, know the final EMI you’ll be paying so that you can manage your monthly spends accordingly. Lastly, find out about the processing and other charges associated with the loan.

Union Bank of India (UBI), one of the largest public sector banks of India, offers one such personal loan that passes all the above mentioned checks. The government owns 90% of its stake. So on the credibility front, UBI is a great bank to take a personal loan from. The interest rates on which this personal loan is given is affordable. For the convenience of the customer, Union bank provides a UBI Personal Loan Calculator, which helps to know the EMI that they’ll have to pay. The processing fee is 0.50% of the loan amount plus the applicable GST.

What are the features of the UBI Personal Loan?

No Security: You need not submit any collateral to avail the personal loan from Union Bank of India. Even if you want to procure high loan amount, Union Bank doesn’t ask you to pledge any security against the loan. But, you will have to have a good credit score for you to be eligible for the loan. However, you will have to include a guarantor in your application as mentioned by UBI.  

Affordable Interest Rates: UBI Personal Loan comes at one of the lowest interest rates in the market. They provide loan at interest rate as low as 12.50%. To bag the lowest UBI personal loan interest rate, you will need to have a CIBIL score of more than 750.

Flexible Repayment Tenure: UBI believes in servicing the customer at its best where there is no hassle to the customer. To back this belief, UBI personal loan gives the customer a choice of his/her own tenure to repay the loan. The maximum tenure you can take a personal loan form UBI is for 5 years.

UBI Bank Personal Loan EMI Calculator: Proper planning is always necessary before taking any debt. You can plan only when you’ve an approximate estimate of how much money will be going from your monthly income towards servicing the loan. UBI Bank Personal Loan EMI Calculator assists you with that by determining your EMIs, absolutely free of cost.