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PNB Home Loan EMI Calculator

PNB Home Loan Calculator

Last Updated 13th May 2022

  • PNB home loan EMI per ₹ 1 Lakh is ₹ 649, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in PNB is calculated based on the loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for the PNB home loan before applying. Use an online PNB loan EMI calculator to estimate your EMI.
  • Check PNB home loan EMI for different tenures at the current PNB home loan interest rate of 6.75%
  • Loan Amount10 Year Loan15 Year loan30 Year loan
    ₹ 10 Lakh₹ 11,482₹ 8,849₹ 6,486
    ₹ 20 Lakh₹ 22,965₹ 17,698₹ 12,972
    ₹ 30 Lakh₹ 34,447₹ 26,547₹ 19,458
    ₹ 50 Lakh₹ 57,412₹ 44,245₹ 32,430

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PNB Housing Loan EMI Calculator

PNB Home Loan EMI is the fixed amount that you need to pay on a fixed date of the month till the end of repayment tenure. The amount is based on your loan amount, tenure, and interest rate. You can calculate your PNB housing loan EMI in advance to plan your loan payments and expenses using a PNB home loan calculator. PNB home loan EMI calculator is an online tool that functions on a mathematical algorithm and gives accurate results without hassle.

Why Should You Use PNB Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: PNB offers the lowest EMI per lakh at ₹ 649. To get the lowest EMI on your home loan, you can compare the EMIs with a different loan amount and tenure. However, it is advisable to check with the bank to know the interest rate you will be eligible for PNB home loan.
  • Compare PNB Home Loan EMI: With the PNB home loan EMI Calculator online, you can also estimate EMI on your home loan from PNB with other leading banks in India at the same loan amount and tenure at varying interest rates.
  • Get Detailed Amortisation Schedule: You can calculate the division of total EMIs into interest and principal repayment on your loan at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance: Finally, you can also calculate the remaining loan tenure for the outstanding balance at any loan tenure period. If you want to reduce your home loan tenure, you can always consider a home loan balance transfer because other banks may allow you to pay your home loan at low rates.

How to Calculate EMI for Home Loan in PNB?

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the PNB Home Loan EMI calculator. The below-mentioned table shows the calculation of PNB Home Loan at the various combinations of loan amount and years at the lowest rate of 6.75%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right PNB Home loan plan for you.

To calculate your home loan EMI at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the PNB Home Loan EMI calculator. The below-mentioned table shows the calculation of PNB Home Loan at the various combinations of loan amount and years at the lowest rate of 6.75%. Considering this example, if you think you can afford to pay an EMI of in your budget, take an loan for 15 years or loan for 30 years, maybe the right PNB Home loan plan for you.

PNB home loan EMI is calculated for different loan amounts and tenures at 6.75% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 22,123 ₹ 19,009 ₹ 16,215
₹ 50 Lakh ₹ 44,245 ₹ 38,018 ₹ 32,430
₹ 75 Lakh ₹ 66,368 ₹ 57,027 ₹ 48,645
₹ 1 Cr ₹ 88,491 ₹ 76,036 ₹ 64,860

Benefits of using PNB Home Loan EMI Calculator

PNB Home Loan interest Calculator is online and gives instant results with 100% accuracy. The best part is that you can calculate and compare multiple EMIs on different combinations of loan amount, interest rate, and tenure. Thus, using the PNB Home Loan EMI Calculator helps you to choose the right amount of EMI that is affordable and also decide on the right loan amount and loan tenure. Further, if you use the MyLoanCare PNB Home Loan Calculator, you have the option to receive calculated EMIs and amortization schedules for each calculation by mail which can be referred to at a later stage when you are making the final decision to take a loan.

Factors Affecting PNB Home Loan EMI

Home Loan EMI can be calculated using an online Home Loan Calculator which takes into account factors such as loan amount, rate of interest and the tenure for which you are planning to avail the loan.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI PNB gives a minimum home loan of ₹ 10,00,000 upto a maximum amount of ₹ 1,00,00,000.

Interest Rate

Higher interest rate increases your PNB housing loan EMI which will increase the total cost of the loan. PNB current home loan interest rate starts at 6.75%. Do a complete market research and compare rates and calculate EMI online using the PNB home loan calculator before you apply for a home loan.

Loan Tenure

This is the period in which you can repay your home loan in PNB. Your EMI will be lower if you take a 30 years loan from PNB as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

PNB Home Loan EMI Calculator Formula

PNB Home Loan Calculator calculates EMI based on the following formula.

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how PNB Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. PNB home loan amount can range from ₹ 10,00,000 to ₹ 1,00,00,000
  • R = Rate of interest per month. Current PNB housing loan rate 6.75%.
  • N = tenure in month. For PNB, maximum home loan tenure is 360 months

Comparison of PNB Home Loan EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
PNB 6.75% ₹ 6,486 ₹ 19,458 ₹ 32,430
HDFC 7.00% ₹ 6,653 ₹ 19,959 ₹ 33,265
ICICI Bank 6.90% ₹ 6,586 ₹ 19,758 ₹ 32,930
SBI 6.65% ₹ 6,420 ₹ 19,259 ₹ 32,098
LIC Housing Finance 6.95% ₹ 6,619 ₹ 19,858 ₹ 33,097
Axis Bank 6.70% ₹ 6,453 ₹ 19,358 ₹ 32,264

PNB Home Loan Amortization Calculator

PNB Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. PNB gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Home Loan of ₹ 35 Lakh for 15 years from PNB at an interest rate of 6.75%. EMI calculated for this loan amount is ₹ 30,972 and the total annual EMIs to be paid annually is ₹ 3,71,662. The EMI schedule of loan for 15 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 35 Lakh over the 15 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2022 ₹ 1,55,703 ₹ 92,072 ₹ 2,47,775 ₹ 34,07,928
2023 ₹ 2,25,570 ₹ 1,46,092 ₹ 3,71,662 ₹ 32,61,836
2024 ₹ 2,15,398 ₹ 1,56,264 ₹ 3,71,662 ₹ 31,05,573
2025 ₹ 2,04,518 ₹ 1,67,144 ₹ 3,71,662 ₹ 29,38,429
2026 ₹ 1,92,880 ₹ 1,78,782 ₹ 3,71,662 ₹ 27,59,647
2027 ₹ 1,80,432 ₹ 1,91,230 ₹ 3,71,662 ₹ 25,68,417
2028 ₹ 1,67,117 ₹ 2,04,545 ₹ 3,71,662 ₹ 23,63,872
2029 ₹ 1,52,875 ₹ 2,18,787 ₹ 3,71,662 ₹ 21,45,084
2030 ₹ 1,37,641 ₹ 2,34,021 ₹ 3,71,662 ₹ 19,11,064
2031 ₹ 1,21,347 ₹ 2,50,315 ₹ 3,71,662 ₹ 16,60,748
2032 ₹ 1,03,918 ₹ 2,67,744 ₹ 3,71,662 ₹ 13,93,004
2033 ₹ 85,275 ₹ 2,86,387 ₹ 3,71,662 ₹ 11,06,618
2034 ₹ 65,335 ₹ 3,06,327 ₹ 3,71,662 ₹ 8,00,291
2035 ₹ 44,006 ₹ 3,27,656 ₹ 3,71,662 ₹ 4,72,635
2036 ₹ 21,192 ₹ 3,50,470 ₹ 3,71,662 ₹ 1,22,165
2037 ₹ 1,723 ₹ 1,22,165 ₹ 1,23,887 -₹ 0

In the above illustration, on a PNB Home Loan of₹ 35 Lakh, taken at the lowest interest rate of 6.75, EMI paid is ₹ 30,972 and an annual total of EMIs is ₹ 3,71,662, the interest component is ₹ 2,31,981 while the principal component is ₹ 1,39,681 in year 1 of loan disbursement. You repay only 3.99% of the total principal after paying 12 EMIs during the first year.

PNB Home Loan EMI for ₹ 10 Lakh

The following table shows PNB Housing Loan EMI for ₹ 10 lakh home loan for different tenures at an interest rate of 6.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 6.75% 5 Years ₹ 19,683
₹ 10,00,000 6.75% 10 Years ₹ 11,482
₹ 10,00,000 6.75% 15 Years ₹ 8,849
₹ 10,00,000 6.75% 20 Years ₹ 7,604
₹ 10,00,000 6.75% 30 Years ₹ 6,486

PNB Home Loan EMI for ₹ 20 Lakh

The following table shows PNB Housing Loan EMI for ₹ 20 lakh home loan for different tenures at an interest rate of 6.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 6.75% 5 Years ₹ 39,367
₹ 20,00,000 6.75% 10 Years ₹ 22,965
₹ 20,00,000 6.75% 15 Years ₹ 17,698
₹ 20,00,000 6.75% 20 Years ₹ 15,207
₹ 20,00,000 6.75% 30 Years ₹ 12,972

PNB Home Loan EMI for ₹ 25 Lakh

The table below shows PNB Housing Loan EMI for ₹ 25 lakh home loan for different tenures at an interest rate of 6.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 6.75% 5 Years ₹ 49,209
₹ 25,00,000 6.75% 10 Years ₹ 28,706
₹ 25,00,000 6.75% 15 Years ₹ 22,123
₹ 25,00,000 6.75% 20 Years ₹ 19,009
₹ 25,00,000 6.75% 30 Years ₹ 16,215

PNB Home Loan EMI for ₹ 30 Lakh

The following table shows PNB Housing Loan EMI for ₹ 30 lakh home loan for different tenures at an interest rate of 6.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 6.75% 5 Years ₹ 59,050
₹ 30,00,000 6.75% 10 Years ₹ 34,447
₹ 30,00,000 6.75% 15 Years ₹ 26,547
₹ 30,00,000 6.75% 20 Years ₹ 22,811
₹ 30,00,000 6.75% 30 Years ₹ 19,458

PNB Home Loan EMI for ₹ 50 Lakh

The following table shows PNB Housing Loan EMI for ₹ 50 lakh home loan for different tenures at an interest rate of 6.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 6.75% 5 Years ₹ 98,417
₹ 50,00,000 6.75% 10 Years ₹ 57,412
₹ 50,00,000 6.75% 15 Years ₹ 44,245
₹ 50,00,000 6.75% 20 Years ₹ 38,018
₹ 50,00,000 6.75% 30 Years ₹ 32,430

Other Loan Calculators Offered by MyLoanCare

FAQs

Will the PNB home loan EMI remain constant or change in future?

No, your PNB Home Loan EMI can change if you have taken a floating rate loan and there is a change in the repo rate to which the home loan rate has been benchmarked. However, if it is a fixed rate loan, the PNB Home Loan EMI will remain unchanged throughout the loan tenure unless you request for a change in tenure or prepay your loan amount.

What happens in case of increase or decrease in PNB interest rate?

PNB offers floating rate home loans only. If you take a floating rate loan from PNB, your interest rate and hence EMI will decrease with a cut in the repo rate and increase with an increase in repo rate on the date of reset. This means that your PNB home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will PNB home loan EMI change in case of prepayment?

PNB allows prepayment at nil charges in case of floating rate home loans. When you make a prepayment, the outstanding balance of the principal amount on your PNB home loan reduces. In this case, you may choose to either keep the EMI same and reduce the loan tenure (that is paying off the loan faster) or reduce the EMI and keep the loan tenure the same (that is paying a lesser amount every month). It is beneficial to keep the PNB home loan EMI constant and reduce the loan tenure as you pay less interest to the bank in this option. After prepayment, you can calculate your home loan EMI using PNB home loan calculator.

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

It is advised to calculate PNB home loan EMI before taking a home loan. There are several benefits of calculating your PNB housing loan EMI which can be done using PNB home EMI calculator as discussed below -

  • In case EMI comes out to be more than your monthly budget, then you have the chance to apply for a lower loan amount which fits your monthly budget and make PNB EMI affordable.
  • If you already know the EMI you have to pay each month, then you can plan your spends accordingly
  • Based on the EMI amount, you can opt for making a prepayment of your home loan in the future when you have a surplus amount. You can calculate the aftermaths of prepayment using home loan emi calculator PNB.

What is the EMI for home loan in PNB?

The PNB EMI will vary based on loan amount, tenure, rate of interest and can be calculated using PNB home loan calculator. Based on the lowest rate of 6.75% and maximum tenure of 30 years, the PNB home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 6,486
₹ 12 Lakh ₹ 7,783
₹ 15 Lakh ₹ 9,729
₹ 30 Lakh ₹ 19,458
₹ 50 Lakh ₹ 32,430

You can compare PNB home loan EMI for different loan amounts and tenure and then choose the loan amount based on your repayment capacity.

How accurate is a PNB Housing Loan EMI calculator?

Online PNB housing loan calculators use technology to calculate the results and hence, if the data entered by you is correct the results should be 100% accurate.The calculator works on a mathematical algorithm based on the formula: P*r* (1+r)^n/([(1+r)^n]-1). Here, P is the loan amount, r is the rate of interest per month and n is the tenure in month. The PNB home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your PNB Home loan EMI Online?

To pay the EMI of PNB home loan, you can log in to your net banking account as provided during the time of availing the loan and pay using your savings account or debit/credit card. You can also visit the branch and submit the cheque of your EMI.

How is PNB home loan EMI calculated?

The PNB Home loan EMI calculation formula is as follows:
E = [P x R x (1+R)^N]/[(1+R)^N-1] where
‘E’ means Equated monthly instalments
‘P’ means the principal amount
‘N’ is the number of monthly instalments
‘R’ is the interest rate per month.

Compare Home Loan EMI of All Banks


PNB Home Loan Reviews 3.9/5  by 4 customers
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4/5.0
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3.8/5.0
praveen gupta, Agra
Reviewed on 17th May 2018
3.5 / 5 stars
PNB Home Loan Availed in May 2018

MADAM BHARTI COOPERATIVE IN NATURE .SHE CONTINUOUSLY FOLLOWED. ULTIMATELY SUCCESSFULLY DISBURSED LOARead more...

Akash Patel, Mumbai
Reviewed on 15th Jan 2018
5 / 5 stars
PNB Home Loan Availed in Jan 2018

It was wonderful experience and one should avail house loan from PNB as it is customer friendly and Read more...

sajal gupta, Ghaziabad
Reviewed on 26th Dec 2017
4.5 / 5 stars
PNB Home Loan Availed in Dec 2017

Experience was good but cashback provided very less than others. I just held my commitment and suffeRead more...

Venkatesan, Ghaziabad
Reviewed on 27th Aug 2014
2.5 / 5 stars
PNB Home Loan Availed in Jun-17

Government bank. Good choice for north Indians. Bank staff very cooperative. Rate of interest was alRead more...

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PNB Home Loan News - May 2022
  • 2022-02-02 : Punjab National Bank to Charge a Penalty of Rs.250
    Punjab National Bank will charge Rs 250 fine if the customer does not settle the EMIs or other instalments in time due to a lack of money in the account. Earlier, the Bank was charging a penalty amount of Rs 100.
  • 2022-01-28 : PNB Net Profit Doubles to Rs 1,127 Crores for Q3
    Punjab National Bank has reported more than double the standalone net profit for the third quarter ended December than the previous year. Previously, the bank had earned a net profit of Rs 506.03 crore in the year-ago period.
  • 2021-10-28 : Punjab National Bank Profit Jumps To 78 percent
    Punjab National Bank (PNB) has posted a profit of 78 percent in net profit at Rs 1,105 crore for the second quarter ended September 30, 2021. Last year, the lender posted a net profit of Rs 620.81 crore during the corresponding quarter a year ago.
  • 2021-10-21 : PNB Launches Festive Bonanza Offer
    Punjab National Bank (PNB) has introduced the festival bonanza offer. The lender is offering a home loan at an interest rate of 6.60 percent and processing fees, as well as documentation charges, are waived off. Also, instant top-up loans are available at 7.15 percent.
  • 2021-10-11 : Punjab National Bank Introduces 6S Campaign
    Punjab National Bank (PNB) has launched the 6S Campaign. The campaign consists of schemes like Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp and Swagat. The objective of the campaign is to spread awareness about the development of financial services and accelerate credit growth, improve penetration of social security schemes and drive digital banking push.
*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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