Calculate your Equated Monthly Installments by using our EMI calculator. Do enter here the principal loan amount you obtained from UCO bank, rate of interest, and the loan tenure you agreed for to calculate the Equated Monthly Installments (EMI). The calculator also calculates the total amount you are about to pay for the loan amount you obtained along with the interest amount and yearly interest.
Calculate your Equated Monthly Installments by using our EMI calculator. Do enter here the principal loan amount you obtained from UCO bank, rate of interest, and the loan tenure you agreed for to calculate the Equated Monthly Installments (EMI). The calculator also calculates the total amount you are about to pay for the loan amount you obtained along with the interest amount and yearly interest.
Applying the values in the formula,
IR = r = r / 1200
IR = 8 / 1200 = 0.00666
MEMI = (a x r) / (1 - (1 / (1 + r))m)
MEMI = (200000 x 0.00666) / 1 - (1 / (1 + 0.0066))12)
MEMI = 1332 / 1 - 0.92343483753
MEMI = 17396.94
TAI = Monthly EMI x m
TAI = 17396.94 x 12
TAI = 208763.35
TIA = Total Amount with Interest - a
TIA = 208763.35 - 200000
TIA = 8763.35
YIA = Total Interest Amount / (m / 12)
YIA = 8763.35 / (12 / 12)
YIA = 8763.35
UCO bank is the Indian public bank provides complete banking solution for personal banking, corporate banking, rural banking, SME banking and much more established in January 6, 1943. The bank has its headquarters in Kolkata.
