PNB Home Loan EMI Calculator

Calculate Your EMI Instantly

🏡 Get the Best Home Loan from PNB

Punjab National Bank (PNB), founded in 1894, is one of India’s largest public sector banks. Among its many financial products, the PNB home loan stands out as an attractive option with affordable interest rates, flexible repayment options, and high loan amounts.

If you’re planning to buy your dream home with PNB financing, knowing your monthly EMI in advance will help you manage your finances better. Use our PNB Home Loan EMI Calculator to get instant EMI estimates and plan your repayment with confidence.

🔢 What is the PNB Home Loan EMI Calculator?

The PNB Home Loan EMI Calculator is a free online tool that helps you calculate your monthly EMI, total repayment amount, and interest payable. It eliminates the hassle of manual calculations and gives you instant results using a standard EMI formula.

💡 Formula Used for EMI Calculation:

EMI=P×R×(1+R)N(1+R)N−1

Where:

• P = Loan Amount (Principal)
• R = Monthly Interest Rate (Annual Interest Rate / 12 / 100)
• N = Loan Tenure (in months)

📌 PNB Home Loan Calculator – Key Features

• Punjab National Bank offers home loan to salaried and self-employed individuals. Also, women, senior citizen and NRI borrowers are privileged with special rates of interest.
• Individuals who are 21 to 60 years old can apply for a loan at PNB
• The borrower can mortgage a property that they are planning to purchase, renovate or construct for security
• Loan to Value Ratio is 80%.
• The loan tenure of PNB ranges from 5 to 30 years.
• Interest rates range from 6.95% to 7.75%.
• The processing fees charges is 0.35% of the loan amount (amounting to a minimum of Rs. 2500 and a maximum of Rs. 15000)

📊 Example Calculation:

Let's say Mr. Kanish takes a home loan of ₹10,00,000 from PNB for 20 years (240 months) at an interest rate of 9% per annum. Using the EMI formula:

• Loan Amount (P) = ₹10,00,000
• Annual Interest Rate (R) = 9% (0.0075 per month)
• Loan Tenure (N) = 240 months

His monthly EMI will be ₹8,997.

📌 How to Use the PNB Home Loan EMI Calculator?

Using our PNB Home Loan EMI Calculator is quick and simple. Just follow these steps:

1️⃣ Enter the loan amount you want to borrow.
2️⃣ Set the loan tenure (in years or months).
3️⃣ Input the applicable interest rate offered by PNB.
4️⃣ Click on ‘Calculate’ to get your EMI instantly.

The calculator will display:
✅ Your monthly EMI
✅ Total interest payable
✅ Total repayment amount

📊 PNB Home Loan Amortization Schedule

An amortization schedule helps you understand how your EMI is divided between principal and interest repayment over time.

Year	Interest Paid	Principal Paid	Total EMI Paid	Outstanding Loan Balance
2024	₹88,537	₹19,464	₹1,07,999	₹9,80,536
2025	₹86,015	₹21,985	₹1,07,999	₹9,58,551
2026	₹83,387	₹24,612	₹1,07,999	₹9,33,939
...	...	...	...	...
2044	₹4,050	₹1,03,949	₹1,07,999	₹0

👉 This table shows how your loan gets repaid over time!

📌 Factors Affecting PNB Home Loan EMI

Several factors influence your home loan EMI calculation:

✔ Loan Amount (P): Higher loan amounts lead to higher EMIs.
✔ Interest Rate (R): A lower interest rate reduces your EMI.
✔ Loan Tenure (N): A longer tenure lowers the EMI but increases total interest paid.
✔ Prepayment & Part-Payment: Paying off your loan early reduces the interest burden.

🎯 Benefits of Using the PNB Home Loan EMI Calculator

✔ Quick & Accurate Results – No manual effort required!
✔ Helps in Financial Planning – Know your EMI before taking a loan.
✔ No Registration Needed – Use the tool freely.
✔ Works for Any Loan Amount & Tenure – Customize your inputs.
✔ Mobile & Desktop Friendly – Use it anytime, anywhere!

❓ Frequently Asked Questions (FAQs)

1️⃣ What is the PNB Home Loan Calculator?

The PNB Home Loan EMI Calculator is a free online tool that helps you compute your monthly EMI and total interest payable based on your loan amount, tenure, and interest rate.

2️⃣ What is the maximum tenure for PNB Home Loan repayment?

PNB offers home loan tenures up to 30 years, depending on the applicant’s eligibility and loan amount.

3️⃣ How can I apply for a home loan from PNB?

You can apply online through PNB’s official website or visit the nearest PNB branch. Ensure you meet the eligibility criteria and have all necessary documents ready.

4️⃣ Who is eligible for a home loan at PNB?

PNB Home Loans are available for:
✔ Salaried individuals
✔ Self-employed professionals
✔ Business owners

Eligibility depends on factors like income, employment stability, and credit score.

5️⃣ Can I add a family member as a co-applicant?

Yes, you can add a spouse, parent, or child as a co-applicant to increase loan eligibility.

6️⃣ What happens if I default on my EMI payments?

Failure to pay EMIs on time may lead to penalty charges, a lower credit score, and legal actions by the bank. It’s advisable to inform the bank and explore restructuring options if facing financial difficulties.