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PNB Car Loan EMI Calculator May 2017

Last Updated 11th May 2017

PNB Car Loan Calculator

Lowest EMI on PNB Car Loan - Rs. 1,640 per lakh

Loan Amount 2 Years 3 Years 5 Years 7 Years
Rs. 100,000 Rs. 4,596 Rs. 3,208 Rs. 2,105 Rs. 1,640
Rs. 300,000 Rs. 13,788 Rs. 9,624 Rs. 6,315 Rs. 4,919
Rs. 500,000 Rs. 22,980 Rs. 16,040 Rs. 10,525 Rs. 8,198
Rs. 1,000,000 Rs. 45,961 Rs. 32,080 Rs. 21,051 Rs. 16,395
Car Loan Calculator
Rs.

Factors affecting PNB Car Loan EMI

  • Borrower age should be between 21 years to maximum 65 years
  • Maximum car loan amount offered by PNB is up to 85.00% of on-road price
  • Interest rates starts @ 9.60% depending upon down payment, net income and other factors
  • Processing fee in PNB may be 1.00% of loan amount Max Rs. 6,000

PNB Car Loan EMI

  • Car Loan EMI (or equated monthly installment) is a fixed amount of money paid by you to PNB against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With PNB offering car Loans with loan tenure upto 84 years, the loan EMI can be as low as Rs. 1 per lakh, to make it more affordable and convenient to meet your car needs. Rate of interest offered by PNB are as low as 9.60%.
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

PNB Car Loan Calculator Formula

Emi Calculator Formula

Here is an illustration of how PNB Car Loan EMI is calculated:
In above formula,
P = Loan amount. This should be 85.00% of on-road price
n = tenure in month. For PNB, this can be 84 months

Car Loan EMI Calculator PNB - How it works?

PNB Car loan calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.

  • PNB Car loan calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Car Loan EMI – EMI changes in case of prepayment

In case you prepay your car loan, the outstanding balance on your car loan reduces. PNB gives you two options:

  • Reduce your loan tenure and keep your car EMI same
  • Reduce the amount of EMI and keep your loan tenure same

It is better to keep the EMI constant and reduce the loan tenure as you pay less interest to the PNB in this option.

Frequently Asked Questions on PNB EMI Calculator

What is the lowest EMI per lakh offered by PNB on Car loan?

PNB offers car loan at 9.60% interest rate and hence lowest EMI on per lakh loan amount is Rs. 1,640.

Can I prepay my PNB car loan?

PNB offers you an option of prepayment at Nil charges.

Is there any processing charge on Car loan from PNB?

Car Loan from PNB charges a processing fee of 1.00% of loan amount Max Rs. 6,000.

PNB Car Loan Customer Care Number, Email, Application Status, Branches

PNB Car Loan Calculator Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 011-23318130, rad [at] pnb [dot] co [dot] in
Ahmedabad 011-23318130, rad [at] pnb [dot] co [dot] in
Ambala 011-23318130, rad [at] pnb [dot] co [dot] in
Anand 011-23318130, rad [at] pnb [dot] co [dot] in
Aurangabad 011-23318130, rad [at] pnb [dot] co [dot] in
Bangalore 011-23318130, rad [at] pnb [dot] co [dot] in
Bhilai 011-23318130, rad [at] pnb [dot] co [dot] in
Bhilwara 011-23318130, rad [at] pnb [dot] co [dot] in
Bhiwadi 011-23318130, rad [at] pnb [dot] co [dot] in
Bhopal 011-23318130, rad [at] pnb [dot] co [dot] in
Bhubaneswar Cuttack 011-23318130, rad [at] pnb [dot] co [dot] in
Bikaner 011-23318130, rad [at] pnb [dot] co [dot] in
Chandigarh 011-23318130, rad [at] pnb [dot] co [dot] in
Chennai 011-23318130, rad [at] pnb [dot] co [dot] in
Cochin 011-23318130, rad [at] pnb [dot] co [dot] in
Coimbatore 011-23318130, rad [at] pnb [dot] co [dot] in
Dehradun 011-23318130, rad [at] pnb [dot] co [dot] in
Delhi 011-23318130, rad [at] pnb [dot] co [dot] in
Durg 011-23318130, rad [at] pnb [dot] co [dot] in
Faridabad 011-23318130, rad [at] pnb [dot] co [dot] in
Gandhinagar 011-23318130, rad [at] pnb [dot] co [dot] in
Ghaziabad 011-23318130, rad [at] pnb [dot] co [dot] in
Goa 011-23318130, rad [at] pnb [dot] co [dot] in
Greater Noida 011-23318130, rad [at] pnb [dot] co [dot] in
Gurgaon 011-23318130, rad [at] pnb [dot] co [dot] in
Guwahati 011-23318130, rad [at] pnb [dot] co [dot] in
Gwalior 011-23318130, rad [at] pnb [dot] co [dot] in
Hyderabad 011-23318130, rad [at] pnb [dot] co [dot] in
Indore 011-23318130, rad [at] pnb [dot] co [dot] in
Jabalpur 011-23318130, rad [at] pnb [dot] co [dot] in
Jaipur 011-23318130, rad [at] pnb [dot] co [dot] in
Jalandhar 011-23318130, rad [at] pnb [dot] co [dot] in
Jodhpur 011-23318130, rad [at] pnb [dot] co [dot] in
Kanpur 011-23318130, rad [at] pnb [dot] co [dot] in
Karnal 011-23318130, rad [at] pnb [dot] co [dot] in
Kolhapur 011-23318130, rad [at] pnb [dot] co [dot] in
Kolkata 011-23318130, rad [at] pnb [dot] co [dot] in
Kota 011-23318130, rad [at] pnb [dot] co [dot] in
Kozhikode 011-23318130, rad [at] pnb [dot] co [dot] in
Lucknow 011-23318130, rad [at] pnb [dot] co [dot] in
Ludhiana 011-23318130, rad [at] pnb [dot] co [dot] in
Madurai 011-23318130, rad [at] pnb [dot] co [dot] in
Meerut 011-23318130, rad [at] pnb [dot] co [dot] in
Mehsana 011-23318130, rad [at] pnb [dot] co [dot] in
Mohali Sas Nagar 011-23318130, rad [at] pnb [dot] co [dot] in
Mumbai 011-23318130, rad [at] pnb [dot] co [dot] in
Mussoorie 011-23318130, rad [at] pnb [dot] co [dot] in
Nagpur 011-23318130, rad [at] pnb [dot] co [dot] in
Nashik 011-23318130, rad [at] pnb [dot] co [dot] in
Noida 011-23318130, rad [at] pnb [dot] co [dot] in
Noida Extn 011-23318130, rad [at] pnb [dot] co [dot] in
Panipat 011-23318130, rad [at] pnb [dot] co [dot] in
Patna 011-23318130, rad [at] pnb [dot] co [dot] in
Pondicherry 011-23318130, rad [at] pnb [dot] co [dot] in
Pune 011-23318130, rad [at] pnb [dot] co [dot] in
Raipur 011-23318130, rad [at] pnb [dot] co [dot] in
Rajkot 011-23318130, rad [at] pnb [dot] co [dot] in
Ranchi 011-23318130, rad [at] pnb [dot] co [dot] in
Rohtak 011-23318130, rad [at] pnb [dot] co [dot] in
Roorkee 011-23318130, rad [at] pnb [dot] co [dot] in
Salem 011-23318130, rad [at] pnb [dot] co [dot] in
Shimla 011-23318130, rad [at] pnb [dot] co [dot] in
Sonepat 011-23318130, rad [at] pnb [dot] co [dot] in
Surat 011-23318130, rad [at] pnb [dot] co [dot] in
Trichy 011-23318130, rad [at] pnb [dot] co [dot] in
Udaipur 011-23318130, rad [at] pnb [dot] co [dot] in
Vadodara 011-23318130, rad [at] pnb [dot] co [dot] in
Varanasi 011-23318130, rad [at] pnb [dot] co [dot] in
Vijaywada 011-23318130, rad [at] pnb [dot] co [dot] in
Vizag 011-23318130, rad [at] pnb [dot] co [dot] in
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*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.
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