Taking a home loan is a big decision, and understanding your EMI is crucial. The Ujjivan Small Finance Bank Home Loan EMI Calculator gives you instant clarity on your payments. Credit Dharma ensures a hassle-free experience with expert advice, competitive interest rates, and lifetime assistance.
Get Exclusive Offers for your Ujjivan Small Finance Bank Home Loan with interest rates starting @ 8.75%!
Ujjivan Small Finance Bank Home Loan Interest Rates
The interest rate is a key factor in determining your EMI. Ujjivan Small Finance Bank offers competitive interest rates to make homeownership affordable. The rates are dynamic and change based on RBI policies and the borrower’s credit profile.
Check the Ujjivan Small Finance Bank Home Loan Interest Rates for the latest interest rates.
| Loan Slab | Interest Rates (% p.a.) |
|---|---|
| Home Construction/Purchase Loans | 8.75 % p.a onwards |
How is Ujjivan Small Finance Bank Home Loan EMI Calculated?
The EMI for an Ujjivan Small Finance Bank home loan is calculated using the following standard formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]
Where:
- P = Loan Amount
- R = Monthly Interest Rate (Annual Rate ÷ 12)
- N = Loan Tenure in Months
Example Calculation:
If you borrow ₹50 lakhs at an interest rate of 8.5% p.a. for a tenure of 20 years, the calculation will be:
- Loan Amount (P) = ₹50,00,000
- Interest Rate (R) = 8.5%/12 = 0.7083% per month
- Loan Tenure (N) = 20 years × 12 = 240 months
Using the EMI formula, the monthly EMI will be around ₹43,391.
Please note that these figures are approximate and can vary based on individual preferences, dining frequency, and choice of restaurants
How to Use Ujjivan Small Finance Bank Home Loan EMI Calculator
The Ujjivan Small Finance Bank Home Loan EMI Calculator is a powerful tool to help you calculate your monthly EMI, total interest payable, and overall repayment amount with precision. Follow these steps to use the calculator effectively:
- Input the Loan Amount: Use the slider or enter the amount you wish to borrow in the “Loan Amount” field (e.g., ₹88,00,000).
The loan amount determines the base on which your EMI is calculated. - Set the Interest Rate: Adjust the interest rate slider to match Ujjivan Small Finance Bank’s current home loan interest rate (e.g., 11.85% p.a. in this example).
Refer to the Ujjivan Small Finance Bank Home Loan Interest Rate to get the latest applicable interest rates. - Choose the Loan Tenure: Select the repayment period using the slider or input the desired loan tenure in years (e.g., 15 years).
Longer tenures lower your EMI but increase the total interest payable. - Review the Results: The calculator will display:
Monthly EMI: The fixed monthly payment (e.g., ₹1,04,767).
Interest Amount: The total interest you’ll pay over the loan tenure (e.g., ₹1,00,58,069).
Total Payable: The total amount you’ll repay, including the loan amount and interest (e.g., ₹1,88,58,069).
A pie chart visually represents the split between the loan amount and the interest payable.
Home Loan Interest Rates by Top Banks
| Bank | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
|---|---|---|---|
| SBI Bank | 8.50% p.a. onwards | 8.5% p.a. onwards | 8.50% p.a. onwards |
| HDFC Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| LIC Bank | 8.50% – 10.35% p.a. | 8.50% – 10.55% p.a. | 8.50% – 10.75% p.a. |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Punjab National Bank | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. | 8.50% – 11.05% p.a. |
| Bank Of Baroda | 8.40% – 10.65% p.a. | 8.40% – 10.65% p.a. | 8.40% – 10.90% p.a. |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| Axis Bank | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. | 8.75%-10.30% p.a. |
| Bank of India | 8.40% p.a onwards | 8.40% p.a onwards | 8.40% p.a onwards |
| TATA Capital | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
Home Loan Processing Fees by Top Banks
| Bank | Home Loan Processing Fee |
|---|---|
| SBI (State Bank of India) | 0.35% of the loan amount (min ₹2,000, max ₹10,000) + GST |
| HDFC Bank | Upto 0.50% of the loan amount or Rs. 3300/- whichever is higher |
| ICICI Bank | 0.50% of the loan amount (min ₹3,000, max ₹5,000) + GST |
| Axis Bank | 1% of the loan amount or ₹10,000 (whichever is lower) |
| Kotak Mahindra Bank | 0.5% – 1.00% of the loan amount |
| Bajaj Housing Finance | Up to 4% of the loan amount |
Get the Best Ujjivan Small Finance Bank Home Loan Offers with Credit Dharma
Credit Dharma is your trusted partner for securing the best Ujjivan Small Finance Bank Home Loan offers, with over ₹500 Cr+ loans handled and partnerships with 20+ leading banks. We provide exclusive access to the lowest interest rates and a seamless, digital process with fast approvals in just 1-2 weeks, backed by lifetime support from our home loan experts.
Why choose Credit Dharma? We provide:
- Lowest Interest Rates: Save more with every EMI.
- Maximum Funding: Get up to 100% funding for your dream home.
- Simple & Digital Process: No tedious paperwork or branch visits.
- Expert Guidance: Lifetime support from our team of specialists.
Compare, choose, and secure the best Ujjivan Small Finance Bank Home Loan offer with Credit Dharma — your home loan journey starts here!
Pro Tip: Use the Ujjivan Small Finance Bank Home Loan Prepayment Guide to learn how to make prepayments and reduce your EMI.
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Conclusion
The Home Loan EMI Calculator by Ujjivan Small Finance Bank is more than just a financial tool—it’s a trusted companion that empowers you to make informed, confident decisions on your home-buying journey.
Ready to take the next step towards your dream home? Visit Credit Dharma today and secure the best low interest rate home loans tailored for your needs.
Frequently Asked Questions
EMI, or Equated Monthly Instalment, refers to the fixed payment amount that a borrower is required to pay to the lender each month until the loan period concludes.
The EMI amount remains constant if the home loan is obtained at a fixed interest rate. However, for loans with a floating interest rate, the EMI can fluctuate over the loan tenure. Regardless of the interest type, making partial prepayments can result in lower EMI amounts.
Utilizing an online EMI calculator is beneficial as it offers precise estimations of your monthly payments swiftly, thereby saving you valuable time in financial planning.
Most online EMI calculators do not offer options to save or print your calculation results. However, you can take a screenshot and save it in your device for future reference.
The EMI calculator allows you to visualize how different tenures affect your monthly payments and overall interest. For example, a longer tenure results in lower monthly payments but higher total interest, while a shorter tenure increases your EMI but reduces the total interest burden. By experimenting with various tenures, you can select a repayment period that aligns with your financial goals and comfort level.
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