Avyud Finance’s housing finance scheme from UCO Bank, brings to you an excellent opportunity to have your own house or flat. The scheme has been carefully tailored to suit your requirements. The reasonable rate of interest that you pay will be calculated on reducing balance, i.e. you do not have to pay interest on the loan instalments actually repaid from the date of such repayment.
₹
500000
36
months
10
%
Monthly EMI
₹
₹ 32,124.56
Total Interest
₹
10,622.78
Principal Amount
₹
500000
Payable Amount
₹
160,622.78
| Pay No. |
Begining Balance | EMI | Principal | Interest | Ending Balance |
|---|---|---|---|---|---|
| 1 | 150000.00 | 32124.56 | 28637.06 | 3487.50 | 121362.94 |
| 2 | 121362.94 | 32124.56 | 29302.87 | 2821.69 | 92060.07 |
| 3 | 92060.07 | 32124.56 | 29984.16 | 2140.40 | 62075.91 |
| 4 | 62075.91 | 32124.56 | 30681.30 | 1443.26 | 31394.61 |
| 5 | 31394.61 | 32124.56 | 31394.64 | 729.92 | -0.03 |
You should have completed 21 years of age at the time of applying for the loan and should not be more than 70 years on the maturity of the loan. But the salary age limit is 21-60 years.
Home Loan eligibility is determined on the basis of income and repayment capacity of the borrower.
Yes, Home Loan availed from other banks can be taken over by UCO Bank.
Yes, you have the option to repay the loan ahead of schedule either in part or in full without any prepayment charges in case of floating rate Home Loans.
Equitable mortgage of the property financed.
Maximum period is 30 years. A moratorium period or repayment holiday may be permitted for a maximum period of 36 months in certain cases.
Note: This content is taken from UCO Bank website
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