Monthly EMI: ₹16,322 at 10.8% for 3 years. Total interest: ₹87,592.
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With a ₹5 Lakh personal loan from Union Bank at 10.8% for 3 years, you will pay a monthly EMI of ₹16,322. The total amount payable is ₹5,87,592, of which ₹87,592 is interest.
At 10.8% interest rate for 3 years, the EMI for ₹5 Lakh Personal Loan from Union Bank is ₹16,322 per month. Total interest payable: ₹87,592.
Union Bank offers Personal Loan at 10.80 - 14.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 10.8% for 3 years, you would pay approximately ₹87,592 as total interest, making the total repayment ₹5,87,592.
Union Bank's prepayment policy for Personal Loan: 3% of outstanding. Making prepayments can significantly reduce your total interest outgo.
Union Bank offers competitive rates starting from 10.80 - 14.50% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹5 Lakh personal loan.