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PNB Gold Loan EMI Calculator

PNB Gold Loan EMI Calculator Sep 2021

Last Updated 20th Sep 2021

  • PNB gold loan EMI depends upon loan amount, rate of interest and loan tenure.
  • PNB gold Loan EMI Calculator is an online tool to estimate monthly EMI on gold loan from PNB and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly PNB gold loan EMI is ₹ 8,734 as calculated using the lowest interest rate of 8.75% for the maximum tenure of 12 months.
  • The table below gives the EMIs on gold loan from PNB at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan2 Year loan3 Year loan
₹ 1 Lakh₹ 8,734₹ 4,557₹ 3,168
₹ 3 Lakh₹ 26,201₹ 13,671₹ 9,505
₹ 5 Lakh₹ 43,668₹ 22,785₹ 15,842

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    PNB Gold Loan EMI Calculator

    PNB gold loan EMI is a fixed amount of money you pay on your PNB gold loan and is based on your loan amount, tenure and interest rate. If you want to calculate the gold EMI of PNB in advance, you can use PNB gold loan EMI Calculator. PNB gold loan calculator is an online tool that functions on a mathematical algorithm to calculate monthly EMI, consisting of both principal and interest payment.

    Why Should You Use PNB Gold Loan EMI Calculator?

    • Calculate the EMI at Different Tenures: PNB gold loan calculator 2021 helps calculate the EMI with different loan amount and tenure. However, to compare the gold loan EMI at the lowest rate, it is advisable to check with the bank to know the gold loan interest rate you will be eligible for PNB gold loan.
    • Compare EMI on PNB Gold Loan: You can also estimate the EMI on PNB gold loan with other leading banks using PNB gold loan EMI Calculator at the same loan amount and tenure at varying interest rates.
    • Get Detailed Amortisation Schedule: To calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure, you can use PNB gold mortgage loan calculator.
    • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Knowing the outstanding balance is always helpful if you are thinking about gold loan balance transfer.

    PNB Gold Loan EMI Calculator to Estimate The EMI That Fits Your Budget

    You can use the PNB gold loan emi calculator to know your PNB gold loan repayment schedule. To calculate EMI on PNB gold loan at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on PNB gold loan calculator. For example, the below-mentioned table shows the calculation of PNB gold Loan at the various combinations of loan amount and years at the lowest rate of 8.75%.

    EMI on PNB gold loan is calculated for different loan amounts and tenures at the lowest gold rate of 8.75%.

    Loan Tenure
    Loan Amount 1 Year 2 Years 3 Years
    ₹ 50,000 ₹ 4,367 ₹ 2,279 ₹ 1,584
    ₹ 1 Lakh ₹ 8,734 ₹ 4,557 ₹ 3,168
    ₹ 2 Lakh ₹ 17,467 ₹ 9,114 ₹ 6,337
    ₹ 5 Lakh ₹ 43,668 ₹ 22,785 ₹ 15,842

    PNB Gold Loan EMI Calculator Formula

    PNB gold loan calculator works using a simple mathematical formula to calculate your EMI. The PNB gold loan calculation formula to calculate loan EMI is given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of interest per month
    n = The tenure of loan repayment in months

    If you want to use PNB calculator to calculate PNB gold loan EMI at rates ranging from 8.75% to 9.00%, you need to enter values like loan amount, rate of interest, loan tenure on the EMI calculator PNB gold loan.

    Comparison of PNB Gold Loan EMI With Other Banks

    Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 2 Lakh Loan Amount of ₹ 5 Lakh
    PNB 8.75% ₹ 8,734 ₹ 17,467 ₹ 43,668
    Muthoot 11.99% ₹ 3,321 ₹ 6,642 ₹ 16,605
    Axis Bank 13.50% ₹ 4,778 ₹ 9,555 ₹ 23,889
    IIFL 9.24% ₹ 9,516 ₹ 19,033 ₹ 47,581
    ICICI Bank 9.00% ₹ 8,745 ₹ 17,490 ₹ 43,726
    Yes Bank 8.99% ₹ 3,180 ₹ 6,359 ₹ 15,898
    Fincare Small Finance Bank 10.99% ₹ 11,626 ₹ 23,252 ₹ 58,130

    How to Pay PNB Gold Loan EMI?

    There are various methods to pay your PNB gold loan EMI. To make a PNB gold loan payment, you can either visit the bank branch and pay through cash, cheque or DD. In addition, the bank also allows PNB gold loan online payment through net banking and mobile banking facilities.

    PNB Gold Loan EMI for ₹ 1 Lakh

    The following table shows PNB Gold Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 8.75%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 1,00,000 8.75% 1 ₹ 8,734
    ₹ 1,00,000 8.75% 2 ₹ 4,557
    ₹ 1,00,000 8.75% 3 ₹ 3,168

    PNB Gold Loan EMI for ₹ 3 Lakh

    Below mentioned table shows the PNB gold loan EMI for a gold loan of ₹ 3,00,000 at different tenure at the lowest rate of 8.75%

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 3,00,000 8.75% 1 ₹ 26,201
    ₹ 3,00,000 8.75% 2 ₹ 13,671
    ₹ 3,00,000 8.75% 3 ₹ 9,505

    PNB Gold Loan EMI for ₹ 5 Lakh

    PNB gold loan EMI for a gold loan of ₹ 5,00,000 at different tenure at the lowest rate of 8.75%, is listed as follows

    Loan Amount Interest Rate Tenure (Year) EMI
    ₹ 5,00,000 8.75% 1 ₹ 43,668
    ₹ 5,00,000 8.75% 2 ₹ 22,785
    ₹ 5,00,000 8.75% 3 ₹ 15,842

    FAQs

    Why should I calculate PNB loan EMI before taking a loan?

    There are several benefits to calculate EMI for PNB gold loan as discussed below -

    • If the EMI comes out to be more than your monthly budget, you can apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable.
    • If you already know the EMI you have to pay each month, you can plan your expenses accordingly.
    • You can also opt for gold loan prepayment in future when you have a surplus amount.

    Why Use MyLoanCare’s PNB Gold Loan EMI Calculator?

    With MyLoanCare PNB gold loan EMI calculator, you can easily calculate EMI for PNB gold loan without any hassle in a few seconds and error-free. The calculator works on a mathematical algorithm to calculate the EMI and helps you compare the EMI for varying loan amount and tenure. In addition, you also receive EMI calculation in your email or as a link on SMS.

    How is EMI calculated for PNB gold loan?

    PNB calculates gold loan EMI using the mathematical formula as given below-

    EMI = [P*R* (1+R)^N/([(1+R)^N]-1)
    In the above formula,
    P = The loan amount that you want to borrow
    r = The rate of Interest per month
    n = The tenure of loan repayment in months

    For What Other Purposes, You can Use PNB Gold Loan EMI Calculator

    PNB jewel loan EMI calculator not just helps you calculate and compare the EMI for different loan amounts and tenures. You can also use the calculator to calculate various other charges on a gold loan, including foreclosure, prepayment etc.

    How To Repay PNB Gold Loan?

    You can repay PNB gold loan using repayment methods such as EMI, bullet repayment and overdraft. For example, if you want to repay PNB gold using the EMI option, you can use the PNB jewel loan calculator to calculate PNB gold loan EMI payment.


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    PNB Gold Loan News - Sep 2021
    • 2021-09-20 : PNB Introduces Festival Bonanza Offer
      Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
    • 2021-09-01 : Punjab National Bank introduces Festive Bonanza offer
      Punjab National Bank (PNB) has waived off processing fees and documentation charges on a Personal loan, Home loan, Gold loan and Vehicle loan. The lender is offering a home loan at 6.80%, personal loan at 8.95% and a car loan at 7.15%.
    • 2021-07-15 : OBC & UBI merged with PNB
      After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
    • 2021-06-30 : PNB to restructure loans worth Rs 6000 crores
      Under restructuring 1.0, Public sector lender Punjab National Bank (PNB) received requests for restructuring Rs 11,000 crore in corporate, retail, and MSME loans. Under the Reserve Bank of India (RBIs) restructuring 2.0 window, PNB expects to restructure loans worth Rs 5,000-Rs 6,000 crores as the impact of the second wave of the Covid-19 pandemic fades.
    • 2021-02-08 : PNB reported net profit of 506 crores
      PNB posted an 18.5% year-on-year decline in its net profit to Rs 506 crore for the quarter ended December. Further, the bank reported net interest income on the back of retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans at Rs 8,313 crore.
    *Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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