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    United Bank of India Car Loan EMI Calculator

    United Bank of India is a government-owned bank that provides a variety of banking services for multiple purposes. Whether you are looking for a home loan, savings deposit, personal loan, education loan, MSME loan, fixed deposit, or a car loan, you can approach the bank for first-class products.

    Are you interested in taking a car loan for funding your dream car purchase? You can get in touch with United Bank of India for a customised car loan. Before the loan application process, you can compute your loan equated monthly installments (EMIs) to have a better idea about your loan repayment process.

    United Bank of India has a modern and innovative online EMI Calculator that is simple and self-explanatory. The website of BankBazaar also has a spectacular EMI calculator which can be used by anybody who is interested in taking a loan.

    How to use BankBazaar’s United Bank of India EMI Calculator to understand your car loan repayment

    You can go to the web portal of BankBazaar and open the EMI calculator and then key in the most basic details regarding your car loan from United Bank of India. This online tool will compute your EMIs in just a few seconds. You can insert multiple loan amounts for different loan periods and then ascertain your monthly repayments. You can compare each EMI result and then finally fix your car loan amount.

    When you ascertain your loan EMIs before you actually apply for the loan, you can save a lot of time and even funds. You will choose your loan amount sensibly and hence, you will not face any difficulties while making your repayment. You can also stay away from default of loans or late payment of installments.

    Calculate your Car Loan EMI

    United Bank of India Car Loan EMI Calculator – How does it work?

    You can utilise the United Bank of India car loan EMI calculator conveniently by dragging the slider to specify your car loan amount as well as loan tenure. Your EMI amount will chiefly entail your loan principal amount, loan interest, and a processing fee charged by United Bank of India.

    When you start paying your car loan, your first few EMIs will primarily contain your interest repayments. Towards the end of your loan tenure, your EMIs will comprise principal amount repayments.

    • To start your EMI computation process, you will need to choose your car loan amount by moving the slider.
    • Then, you will have to select the loan tenure by choosing the number of years and number of months. You will have to input the tenure precisely to get exact results.
    • In the field below the tenure, you will need to key in the interest rate which is fixed by United Bank of India. This will be in percentage.
    • In the adjacent field, you will have to enter the processing fee which is usually a certain percentage of the full car loan amount.
    • You will then need to specify if you would like to prepay your car loan or not. This can be done by choosing ‘Yes’ or ‘No’ by clicking the buttons on the calculator.
    • You can then click ‘Calculate’ to receive your results.

    You will now get your monthly loan repayment amount. There is a tiny ‘+” icon below this result. You can click it and you will see a pie chart that shows the split between the various components of your car loan. These components include loan amount, processing fee, and total interest due. You will also be able to see the total amount that needs to be paid for your car loan.

    You will get amortisation information right below this section. If you click the ‘+’ button, you will be able to view a bar graph with colourful features that highlight the principal paid, unpaid loan amount, and the interest paid. You can get details on an annual basis and monthly basis.

    Example: We will now take a look at the table given below that specifies different EMIs for various loan amounts and loan tenures. This table discusses car loan EMIs for United Bank of India car loans. The bank charges a floating rate of interest for car loans. For new cars, the bank charges 9.00% p.a. for women and 9.05% p.a. for others. For used cars, the bank charges 9.85% p.a.

    For the table given below, we will assume that the interest rate is 9.05% with a processing fee of 2% which will not be refunded by the bank. We will also need to assume that the loan applicant does not want to make any prepayment. This table will give you a brief understanding of how an EMI calculator works.

    Loan amount (Rs.) Processing Fee (Rs.) Interest rate (Mean) EMI for 2 years (Rs.) EMI for 3 years (Rs.) EMI for 4 years (Rs.) EMI for 5 years (Rs.) EMI for 6 years (Rs.) EMI for 7 years (Rs.)
    10 Lakh 2% 9.05% 45,708 31,823 24,909 20,783 18,050 16,114
    15 Lakh 2% 9.05% 68,562 47,735 37,363 31,174 27,076 24,172
    20 Lakh 2% 9.05% 91,415 63,646 49,818 41,565 36,101 32,229
    25 Lakh 2% 9.05% 1,14,269 79,558 62,272 51,957 45,126 40,286
    30 Lakh 2% 9.05% 1,37,123 95,469 74,726 62,348 54,151 48,343
    35 Lakh 2% 9.05% 1,59,977 1,11,381 87,181 72,739 63,176 56,401
    40 Lakh 2% 9.05% 1,82,831 1,27,292 99,635 83,131 72,201 64,458

    United Bank of India Car Loan EMI Calculator - Features and benefits

    • The BankBazaar United Bank of India Car Loan EMI Calculator is unique and advanced as it offers clear and interactive results. There are a few other online EMI calculators that give results in the form of Excel sheets that cannot be comprehended by everybody.
    • It makes EMI calculations quick and error-free. If you choose to compute EMIs manually, you may commit many errors which can mess up your financial management process.
    • You can plan your repayment process methodically as you will be aware of your EMIs well in advance.
    • You do not have to make any payment for utilising the BankBazaar United Bank of India Car Loan EMI Calculator.
    • You can understand the level of significance of each aspect of your car loan by viewing the bar diagram and pie chart offered by the EMI calculator.
    • When you need help with using the calculator, you can approach the BankBazaar customer care centre for instant assistance.

    United Bank of India Car Loan EMI Calculator FAQs

  • Do I have to register myself on the BankBazaar website to utilise the EMI calculator for United Bank of India car loans?
  • No, you do not need to register on the website. You only need to key in your loan details and you are good to go.

  • Is the BankBazaar car loan EMI calculator accessible on the BankBazaar app?
  • Yes, you can utilise the EMI calculator by installing the BankBazaar app on your Android or iOS smartphone.

  • Can you tell me the formula used by the BankBazaar United Bank of India Car Loan EMI Calculator?
  • The mathematical formula used in this calculator is:

    EMI (E) = [P x r x (1+r)^n]/[(1+r)^n-1]

    In this case, ‘E’ stands for EMI, ‘n’ is the loan tenure, ‘P’ is the principal, and ‘r’ is the rate of interest.

  • Is there any special interest rate for women car loan borrowers charged by United Bank of India?
  • Yes, female borrowers will need to pay an interest rate of only 9% for car loans offered by United Bank of India.

  • Will I need to pay any charge to make use of the BankBazaar United Bank of India Car Loan EMI Calculator?
  • No, you do not have to make any payment for utilising the EMI calculator.

    Car Loan Reviews

    • United Bank Car Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My car loan has taken with UNITED BANK OF INDIA , they charge 10.25% of interest but initially they said they will charge 10.5% but it is nominal in the market . The process was too smooth and fast i receive the loan within 24hour and it is best service i got . The tenure period is 7years .
      Was this review helpful? 9
      , kolkata
      Reviewed on Oct 17, 2018
    • United Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Car loan with United Bank of India,the loan amount is 1.08 lakhs,rate of interest is nominal as compared to others.The tenure is for four years.The EMI amount is 4400 i have registered for an auto debit payment.They had deducted 3000-4000 as processing fees.
      Was this review helpful? 2
      , kolkata
      Reviewed on Mar 02, 2018
    • United Bank Car Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having the car loan with the United bank of India and the rate of interest is around 8.5%, also the customer service is very good. They have disbursed within a day of time and everything is good one with the United Bank of India.
      Was this review helpful? 2
      , faridabad
      Reviewed on Dec 01, 2017
    • United Bank Car Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I am having the car loan with the United bank of India and the interest rate is around 11.05%, also the response is good one. It took some time to get the disbursement because of some delay from the dealer, also thats not a big constraint.
      Was this review helpful? 2
      , kolkata
      Reviewed on Nov 13, 2017
    • United Bank Car Loan
      "Completed"
      0.5 4.5/5 "Excellent!"
      I had an account with UNITED BANK OF INDIA, So the bank manager was very well know to me. The interest rates was 10% for my car loan and the processing fees also very less. I made a part payment with them with out any charges. Over all it was good experience to me.
      Was this review helpful? 2
      , new delhi
      Reviewed on Nov 09, 2015
    • United Bank Car Loan
      "Good for Car loan..."
      0.5 5.0/5 "Blown Away!"
      I could not find any different between PNB and United bank of India. I have taken a car loan form United bank. They took around 2 to 3days. They have lesser rate of interest when I compare to others. I got an help form them but I had a little trouble but over all that was a good experience.
      Was this review helpful? 2
      , kolkata
      Reviewed on Oct 24, 2015
    • United Bank Car Loan
      "Charges are very good..."
      0.5 5.0/5 "Blown Away!"
      United Bank of India is the nationalized bank as the charges on car loan is very less and no pre closure charge. Also there is no emi bounce charge and the bank is waiving some charge for customers. I took this loan in the year of 2011 and was pre closed in 2014 without any charges
      Was this review helpful? 3
      , ranchi
      Reviewed on Sep 29, 2015
    • United Bank Car Loan
      "Union Bank provides good customer service "
      0.5 4.0/5 "Great!"
      The service provided by Union Bank of India was really good while I got this car loan.I am having a salary account with them so the formalities were completed very easily.They took around 2days for loan disbursement.The interest rate offered was around 10.25% and they can offer better processing fee for the customer which will be helpful.
      Was this review helpful? 2
      , yavatmal
      Reviewed on Jul 25, 2015
    • United Bank Car Loan
      "Excellent..."
      0.5 5.0/5 "Blown Away!"
      United Bank of India is my client as I am from financial domain so internally linked with them so I got pre sanctioned loan. Whenever I approach them for anything they are glad to help. Since five year I am relating with them and highly satisfied as they are very prompt. The important thing is that they also paid the margin value for car thus I did not pay anything from my pocket. On the whole car loan experience was fantastic.
      Was this review helpful? 3
      , kolkata
      Reviewed on Mar 13, 2015
    • United Bank Car Loan
      "Excellent job done by United bank of INdia"
      0.5 5.0/5 "Blown Away!"
      I got a car loan from United bank of India before few months. I really had a wonderful experience with it. The processing time was so easier and the bank executive came directly to collect all the documents as the bank was nearby and i got the loan within 2 days. Interest rate and processing charges are so reasonable and overall experience was excellent.
      Was this review helpful? 3
      , kolkata
      Reviewed on May 29, 2014
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