Union Bank provides competitive loan products with special rates for government employees.
| 🏠 Home Loan | 8.35% p.a. | Up to 30 yrs |
| 🚗 Car Loan | 8.70% p.a. | Up to 7 yrs |
| 👤 Personal Loan | 11.20% p.a. | Up to 5 yrs |
Use the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1) where P is the loan amount, r is the monthly interest rate, and n is the number of months. For a ₹20,00,000 home loan from Union Bank of India at 8.35% for 240 months, your EMI is ₹17,167.
| Loan Amount | 10 Years | 20 Years | 30 Years |
|---|---|---|---|
| ₹10,00,000 | ₹12,318 | ₹8,584 | ₹7,583 |
| ₹20,00,000 | ₹24,637 | ₹17,167 | ₹15,166 |
| ₹30,00,000 | ₹36,955 | ₹25,751 | ₹22,749 |
| ₹50,00,000 | ₹61,592 | ₹42,918 | ₹37,915 |
| ₹1,00,00,000 | ₹1,23,185 | ₹85,835 | ₹75,831 |