Union Bank Home Loan EMI Calculator
Calculate monthly instalments on a Union Bank of India home loan with official interest rates starting from 7.35% p.a.
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Official Rate Formula & Benchmark:
Union Bank Home Loans use reducing monthly balance amortization tied to EBLR starting at 7.35% p.a. for borrowers with CIBIL score 750+.
Current official starting rate: 7.35% p.a. (Range: 7.35% – 9.20% p.a.).
Union Bank Home Loan EMI Calculator
Interactive calculation engine using official Union Bank rates
Official Union Bank Rate (7.35%)
₹50,00,000
₹1.00 L₹2.00 Cr
%
5.00%Published range: 7.35% - 9.2%20.00%
20 Years(240 mo)
1 Yr30 Yrs
Monthly EMI
₹39,822
For 20 years at 7.35% p.a. reducing balance
Principal Loan Amount₹50,00,000
Total Interest Payable₹45,57,447
Total Amount Payable₹95,57,447
Principal (52.3%)Interest (47.7%)
Calculated according to standard Indian banking methodology (Quarterly compounding for deposits, monthly reducing balance for loans).
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹1,14,159 | ₹3,63,705 | ₹4,77,864 | ₹48,85,841 |
| Year 2 | ₹1,22,838 | ₹3,55,026 | ₹4,77,864 | ₹47,63,003 |
| Year 3 | ₹1,32,177 | ₹3,45,687 | ₹4,77,864 | ₹46,30,826 |
| Year 4 | ₹1,42,226 | ₹3,35,638 | ₹4,77,864 | ₹44,88,600 |
| Year 5 | ₹1,53,039 | ₹3,24,825 | ₹4,77,864 | ₹43,35,561 |
Rate Verification & Official Notice
Verified Official Published RateLast verified:
Rate Methodology →Headline / Starting Rate
7.35% p.a.
Effective Rate Range
7.35% – 9.20% p.a.
floating RateBenchmark Index
Union EBLR
Applicable Conditions & Eligibility Factors:
- Reducing monthly balance tied to EBLR
- CIBIL 750+ secures lowest spread
Source: Union Bank Home Loan Rates
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Reducing monthly balance amortization tied to EBLR.
Key Factors Influencing Your Rate
- •CIBIL score 750+ secures the lowest spread.
Worked Numerical Example: Union Bank Home Loan EMI Calculator
Principal₹50,00,000
Rate Applied7.35% p.a.
Tenure20 Years
Monthly EMI₹39,822
For a ₹50,00,000 loan at 7.35% p.a. for 20 years (240 months), your monthly EMI is ₹39,822, with total interest of ₹45,57,447.
Frequently Asked Questions: Union Bank Home Loan EMI Calculator
- Starting rate?
- 7.35% p.a.
- Max tenure?
- Up to 30 years.