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  • UCO Bank Personal Loan EMI Calculator is Rated as "Excellent!" by 4 Users

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    UCO Bank Personal Loan EMI Calculator

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    Overview about UCO Bank Personal Loan Calculator

    The UCO Cash Personal Loan is a prime offering from this Kolkata based government owned bank which offers financing for a plethora of personal needs such as loan consolidation, education, marriage and other obligations which have a financial bearing. The maximum loan offered under this scheme is Rs.10 lacs at an interest rate as low as MCLR plus 2.75% for women borrowers and MCLR plus 3% for all other categories of borrowers.

    With a repayment tenure of up to 5 years, this scheme from UCO can be the ideal loan which comes at attractive terms and rates. An insurance cover is also offered to the borrower for financial protection against accidental or natural death. No collateral security is required for loans of up to Rs. 2 lacs.

    How to use BankBazaar UCO Bank Personal Loan Calculator to understand your Personal Loan Repayment:

    The loan amount borrowed under the UCO Cash Personal Loan scheme should be repaid in Equated Monthly Installments (EMIs), which consists of the principal amount along with applicable interest charges. Before availing a loan, it's paramount to understand the financials involved in the loan which includes the EMI value, breakup of charges etc. Getting such details beforehand not only helps in preparing for the loan, but also to plan your monthly budget in the near future.

    In order to get the details, you may choose to calculate manually using various formulae or use an automatic calculator where the breakup provided is accurate. The EMI calculator available on this website helps to conveniently get the required numbers which includes the installment amount along with breakup of interest charges and an amortization table. This tool comes highly recommended as it helps you to get first-hand information to give you the confidence to avail the loan and also to negotiate the terms with the bank.

    How does the UCO Bank Personal Loan EMI Calculator Work?

    Using this tool is very easy since it does not involve complex calculations where the output is provided instantly. Before using the EMI Calculator, you would require basic information from the proposed loan such as the loan amount, interest rate, processing fee percentage and the tenure.

    Once you have the required details handy, follow 4 easy steps below to ascertain the installment amount and other financials.

    • On the first scale titled “Loan Amount”, scroll to select the loan amount. Navigate slowly to make sure you make the right selection.
    • In the next scale, follow the same procedure as above to select the loan tenure in years and months.
    • In the following fields, input the interest rate and processing fee in percentage.
    • Make sure to validate the details and click “Calculate”.

    You now have all the required details which includes the EMI amount, breakup of charges and an amortization table which offers a salient breakup of components for each month, until the end of the tenure.

    Features and Benefits of UCO Bank Personal Loan EMI Calculator

    Provides the EMI Amount

    The basic purpose of using this tool is to understand the installment amount which helps you to gauge the impact of loan repayment on your monthly budget. It also helps in choosing an appropriate loan term to suit your monthly finance.

    Amortization Table

    This table offers comprehensive information about the loan schedule and acts as a statement which provides a detailed breakup of the installment payable each month and tells you how much will be owed after each payment. This helps in making key decisions regarding the loan such as early closure before end of the tenure.

    Breakup of Charges

    It's important to understand the incidence of interest charges and choose the terms accordingly. The pie chart offered by this tool offers a comprehensive breakup of interest charges and fee (if any) to help you understand the financial obligation.

    UCO Bank Personal Loan Calculator FAQs

    1. Is the calculation method employed by this tool the same as the one used by UCO bank?

      The figures provided by this tool is nearly accurate since the formula used is universal. However, there may be slight difference due to incidence of various other charges. You can cross check the calculations with the bank for confirmation.

    2. Can this tool be used to compare loan Personal Loan products from other banks?

      Yes, this tool does come handy in comparing loan offers from all other banks. Follow the same procedure to have the required output.

    3. Can I use this tool to calculate numbers for other types of loans such as Home Loan?

      There are dedicated calculators under the “Finance Tools” section of this website for other loan products.

    Personal Loan Reviews

    • UCO Personal Loan
      "Good Loan "
      0.5 5.0/5 "Blown Away!"
      I got a Personal Loan from UCO few years back, and the experience with them has been great . The process for the application was simple and required minimal hassle. I got the loan for Rs.1.50 Lakhs for a mere 10.99% rate of interest, which I think is a great deal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 07, 2017
    • UCO Personal Loan
      "excellent service"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan from UCO and their main branch was located near to my office so I applied from there their interest rate was very low compare to others in the market and during the process they asked for my document 16 and a letter from my employer and the guaranty and the previous policy copies once I submitted with the documents they completed the process which was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • UCO Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      UCO bank gave a very good service in regards to my personal loan application and I got the loan amount within 7 to 8days from UCO bank. The process just took a week time. The customer service, the response and their follow up was good with UCO bank. The rate of interest is low when compared with others. The processing fee is also reasonable with UCO bank. I am very much satisfied with the loan amount with UCO bank.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 23, 2017
    • UCO Personal Loan
      "Very lengthy process"
      0.5 2.5/5 "Just OK"
      Besides paper work the rest is fine with UCO bank personal loan. The documentation part is very lengthy and they took a lot of time to provide the loan. UCO bank took around 10 to 15 days of time to provide the loan. Apart from that, I did not undergone any sort of issues with them.
      Was this review helpful? 5
      , jharsuguda
      Reviewed on Dec 21, 2016
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