Take a home loan from UCO Bank, because it provides you a number of benefits when you choose it as your house or property financer. With a compatible rate of interest on your borrowed loan amount and flexible loan payment duration up to 30 years. And some efficient tools like UCO Bank Home Loan EMI Calculator helps you during the procedure to manage your loan. Read this article to know about the UCO Bank home loans and its exciting features.
Details of the UCO Bank Home Loan
UCO Bank is a government owned commercial bank which provides you a number of banking products and as such product is a home loan. You can buy your own house or property with UCO Bank home loans because it offers you a floating rate of interest. The starting interest rate of the UCO Bank home loan is 7.90% and depends on the bank marginal cost fund based lending rate (MCLR). You can choose whether a fixed or floating rate of interest according to your compatibility of repayment or also can take the help of a UCO Bank Home Loan EMI Calculator. The bank provides home loans to all whether you salaried, self-employed, NRI or PIO. If you are an existing loan customer of UCO Bank then you can get the pre-approved loan offers.
How to use the UCO Bank Home Loan EMI Calculator?
You can use the home loan calculator by just visiting the UCO Bank official website, log into your account and click on the “EMI Calculator” option. And after that, you just need to enter the loan details inside UCO Bank Home Loan EMI Calculator like borrowed principal loan amount, interest rate and loan payment duration. The EMI calculator is a smart home loan device that works on the formula EMI = [P x R x (1+R)^N]/[(1+R)^N-1] and generates your monthly loan installments.
Advantages of the loan EMI Calculator
The UCO Bank provides you a loan repayment duration up to 30 years for a home loan, which is subjected to maximum 360 months and when you use the UCO Bank Home Loan EMI Calculator it gives you an approx EMI of your loan installments. With the help of which you can easily opt for a suitable home loan payment duration and manage your loan. As per the UCO Bank eligibility criteria, the risk is 0.40% on your home loan if your CIBIL Score is equivalent to 750 or above. So, to know how to manage the payment of the interest rate and borrowed loan amount of your home loan you can use the UCO Bank Home Loan EMI Calculator.
Till now you must have been satisfied with the benefits of the EMI calculator and know how much it is beneficial for you, but before making any decision you must have consulted with your relationship manager. UCO Bank provides you hassle-free services to the customers so that they don’t find any trouble when they are purchasing a new house, property. Also, experience several features like loan tracking, zero prepayment and foreclosure charges on your UCO bank home loan.