Calculate your Equated Monthly Installments by using our EMI calculator. Do enter here the principal loan amount you obtained from Union Bank of India, 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 Union Bank of India, 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
= 9 / 1200 = 0.0075
MEMI = (a x r) / (1 - (1 / (1 + r))m)
= (300000 x 0.0075) / 1 - (1 / (1 + 0.0075))12)
= 2250 / 1 - 0.91423815495
= 26235.4430305
TAI = Monthly EMI x m
= 26235.4430305 x 12
= 314825.316366
TIA = Total Amount with Interest - a
= 314825.316366 - 300000
= 14825.316366
YIA = TIA / (m / 12)
= 14825.316366 / (12 / 12)
= 14825.316366
Union Bank of India is one of the largest government-owned banks of India. UBI was founded in November 11, 1919. The bank has representative offices in Abu Dhabi, United Arab Emirates, Beijing, Peoples Republic of China, London, Shanghai, and Sydney, and branches in Hong Kong, Dubai and Antwerp, Belgium.
