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PNB Housing Finance Home Loan Calculator

PNB Housing Finance Home Loan EMI Calculator 2020

Last Updated 10th Sep 2020

PNB Housing Finance home loan EMI per ₹ 1 Lakh is ₹ 776, which is one of the lowest EMI offered by banks. Housing loan EMI in PNB Housing Finance is calculated based on loan amount, loan tenure and interest rate. Check Best Offers

Loan Amount10 Year Loan15 Year loan30 Year loan
₹ 10 Lakh₹ 12,452₹ 9,906₹ 7,760
₹ 25 Lakh₹ 31,130₹ 24,765₹ 19,400
₹ 40 Lakh₹ 49,808₹ 39,624₹ 31,040
Home Loan EMI Calculator
Lowest Interest Rate
Best Offers on Home Loan offerOffers
Bank/NBFCs Rate* EMI per Lakh* Action
SBI6.95%₹ 662Check Eligibility
HDFC6.95%₹ 662Check Eligibility
ICICI Bank6.90%₹ 659Check Eligibility

* Starting From

PNB Housing Finance Home Loan EMI

PNB Housing Finance offers loan to self employed and businessmen for financing the expansion or working capital requirements of their business. There are some benefits of taking loan from PNB Housing Finance:

  • PNB Housing Finance Home Loan EMI (or equated monthly instalment) is a fixed monthly instalment paid by borrowers to PNB Housing Finance against the loan taken for repayment of your loan and payment of interest to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • PNB Housing Finance offers Home Loans with loan tenure upto 30 years, and the lowest EMI offered by the bank is ₹ 776 per lakh. The Lowest Rate of interest offered by PNB Housing Finance on Home Loan is 8.60% and is one of the most popular housing loans in India.

PNB Housing Finance Housing Loan EMI Calculator at different tenures

EMI for different Home Loan amounts and tenures @ 8.60% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
2,500,000 ₹ 24,765 ₹ 21,854 19,400
5,000,000 ₹ 49,531 ₹ 43,708 38,801
7,500,000 ₹ 74,296 ₹ 65,562 58,201
10,000,000 ₹ 99,061 ₹ 87,416 77,601
  • As you can see in the above table, for various loan amounts taken at the lowest rate of interest, EMI differs by loan tenure at 15, 20 and 30. Your EMI is higher when you take a loan for a shorter tenure of 15 years and it is lower when you apply for a higher tenure of 30.
  • Your EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, every month the proportion of interest payment and principal repaid within each EMI is different. With every EMI, the proportion of principal repayment in EMI keeps increasing and the interest component in EMI keeps reducing.

PNB Housing Finance Home Loan Interest Rate Calculator

PNB Housing Finance Housing Loan Calculator is used along with EMI calculator is used to calculate the total interest a borrower will pay on housing loan at different loan tenure as well as various levels of interest rates.

Home Loan EMI for ₹ 1 Lakh loan amount at lowest 8.60% interest rate offered by PNB Housing Finance for different tenures
Calculated Results for PNB Housing Finance Home Loan EMI 5 years 10 years 15 years 30 years
PNB Housing Finance EMI for a loan amount ₹ 1 lakh at 8.60% ₹ 2,056 ₹ 1,245 ₹ 991 ₹ 776
Total amount you pay back to the bank including principal and interest ₹ 1.23 Lakh ₹ 1.49 Lakh ₹ 1.78 Lakh ₹ 2.79 Lakh
Interest you have to pay during the loan tenure ₹ 23,360 ₹ 49,400 ₹ 78,380 ₹ 1.79 Lakh

The above table shows the longer your loan tenure, lower is the EMI you pay on the loan. However, your total interest outgo is significantly higher in a long tenure loan. In the above example, if you take a ₹ 1 Lakh loan for a period of 30, you pay the lowest EMI of ₹ 776 . However, you pay an interest of ₹ 1,79,360 on a ₹ 1 Lakh loan.
In contrast, if you take a ₹ 1 Lakh loan from PNB Housing Finance at the lowest loan rate offered for a period of 15 years, you pay a higher home loan EMI of ₹ 2,056 and pay an interest of only ₹ 23,360 which is less than half of what you paid in a 30 years loan. Hence, it is advisable to choose your loan tenure wisely as longer tenure means high interest expenses. This can be done using PNB Housing Finance Home Loan Calculator.

How can PNB Housing Finance home loan EMI calculator be beneficial?

PNB Housing Finance Home Loan EMI calculator is a quick and straightforward solution to pre-plan and balance one's inflow and outflow of money so that one doesn’t run short of money at any point in time. It is an online device to compute the home loan EMI payments. It is easily accessible and can be availed without bearing any cost. It is user friendly and calculates the EMIs in a matter of seconds and thus helps in saving time. As the home loan generally involves a long tenure and high amount borrower needs to be extra cautious in the selection of home loan, it provides individual with the option to change the various factors of the Homel loan like tenure, rate of interest and loan amount; thus, helps one to analyse the best home loan available. The accuracy of the home loan calculator is 100%, and it can also be helpful in computing the interest amount and EMIs in case of prepayment.

PNB Housing Finance Home Loan Details

  • Purpose of Loan: PNB Housing Finance house loan is taken to purchase, construct a home, renovate your existing home.
  • Key Features
    • Loan available for both salaried and self employed. Special rates for women borrowers.
    • Borrowers within the age group of 21 and 70 years.
    • Security: Mortgage of property you are planning to purchase, renovate or construct.
    • Loan to Value Ratio of 90%.
    • Loan Tenure can range from 5 to 30 years.
    • Interest rates in the range of 8.60% to 9.25%.
    • PNB Housing Finance home loan EMI per lakh starts from ₹ 776. However, you can calculate your home loan EMI using PNB Housing Finance home loan calculator 2020.
  • Processing Fees: 1.00% of loan amount
  • Special schemes: PNB Housing Finance offers customised home loan interest rates and schemes for special category of borrowers including women borrowers, senior citizens, NRIs etc. Some of the special loan offers of PNB Housing Finance are:
    • Home Purchase Loan
    • Home Construction Loan
    • Home Extension Loan
    • Home Improvement Loan
    • Residential Plot Loans
    • Loan for NRIs
    • Unnati Home Loan

Factors Affecting PNB Housing Finance Home Loan EMI

  • Loan amount – This is the amount borrowed by a borrower from PNB Housing Finance. If you apply for a higher loan amount, your monthly EMI will be high. PNB Housing Finance gives a minimum home loan of ₹ 20,00,000 upto an amount of ₹ 5,00,00,000.
  • Interest rate - Interest rates is the rate charged by PNB Housing Finance on your home loan. Higher interest rate increases your housing loan EMI which will increase the total cost of the loan. PNB Housing Finance current home loan interest rate starts at 8.60%. Do complete market research and compare rates and calculate EMI online using PNB Housing Finance 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 Housing Finance. Longer loan tenure means lower housing loan EMI. Loan term can be determined by your age at the time of loan sanctioning and your retirement age. Generally, PNB Housing Finance offers house loans for a maximum tenure of 30 years.

PNB Housing Finance Home Loan Amortization Calculator

The amortization schedule breaks the month-wise calculation of principal and interest amount you will be paying in the form of your EMIs. In simple words, with each month’s EMI, the share of interest and the principal amount keeps changing, while the former keeps on reducing the later keep on increasing. That’s why if you decide to prepay your loan in the first few years you will find out that you have paid a very small proportion of the principal sum. Let us understand this better with the help of an illustration.

Illustration: How to read an amortization schedule

Suppose you borrow a Home Loan of ₹ 20 Lakh from PNB Housing Finance for 15 years at an interest rate of 8.60%, the EMI calculated for this loan amount would be ₹ 19,812 and the total annual EMIs to be paid annually is ₹ 2,37,746. The PNB Housing Finance Home Loan EMI schedule for 15 years is explained below in the table –

Amortization Schedule for a Home Loan of ₹ 20 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
2020 ₹ 57,097 ₹ 22,152 ₹ 79,249 ₹ 19,77,848
2021 ₹ 1,67,364 ₹ 70,383 ₹ 2,37,746 ₹ 19,07,465
2022 ₹ 1,61,066 ₹ 76,680 ₹ 2,37,746 ₹ 18,30,785
2023 ₹ 1,54,206 ₹ 83,541 ₹ 2,37,746 ₹ 17,47,244
2024 ₹ 1,46,731 ₹ 91,015 ₹ 2,37,746 ₹ 16,56,228
2025 ₹ 1,38,588 ₹ 99,159 ₹ 2,37,746 ₹ 15,57,070
2026 ₹ 1,29,716 ₹ 1,08,031 ₹ 2,37,746 ₹ 14,49,039
2027 ₹ 1,20,050 ₹ 1,17,697 ₹ 2,37,746 ₹ 13,31,342
2028 ₹ 1,09,519 ₹ 1,28,227 ₹ 2,37,746 ₹ 12,03,115
2029 ₹ 98,047 ₹ 1,39,700 ₹ 2,37,746 ₹ 10,63,416
2030 ₹ 85,547 ₹ 1,52,199 ₹ 2,37,746 ₹ 9,11,216
2031 ₹ 71,930 ₹ 1,65,817 ₹ 2,37,746 ₹ 7,45,400
2032 ₹ 57,094 ₹ 1,80,653 ₹ 2,37,746 ₹ 5,64,747
2033 ₹ 40,930 ₹ 1,96,816 ₹ 2,37,746 ₹ 3,67,931
2034 ₹ 23,321 ₹ 2,14,426 ₹ 2,37,746 ₹ 1,53,506
2035 ₹ 4,992 ₹ 1,53,506 ₹ 1,58,498 ₹ 0

Each PNB Housing Finance Home Loan EMI consists of both amounts of interest as well as the principal repaid. The interest component of EMI goes down while the principal component goes up in both cases while doing the calculation.

As you assess the amortization table, you will find that by the end of 1st year 28.77% of your EMI has been used to repay the principal amount. This means that the remaining 71.23% of the EMI went into interest payment. Thus, you end up paying only 3.42% of the loan amount of ₹ 20 Lakh after paying 12 EMIs in the first year to PNB Housing Finance.

In year 15, the interest component of PNB Housing Finance EMI is around 4.51%, while the principal component is around 95.49%. Upto 15 years, you have cumulatively repaid 100% of your total PNB Housing Finance Home Loan.

PNB Housing Finance Home Loan EMI Calculator Formula

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

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

In above formula,

P = Loan amount. This can range from ₹ 20,00,000 to ₹ 5,00,00,000

r = Rate of interest per month. Current rate is 8.60%, which is linked to PNB Housing Finance PLR

n = tenure in month. For PNB Housing Finance, this can be 360 months

PNB Housing Finance Home Loan Interest Rate Calculator

Typically, Home Loan EMIs constitute a large proportion of the household’s monthly expenditure to pay for a long period. Being a long tenure loan, the total interest you pay on a housing loan for 30 years can be more than the original loan amount you have borrowed from the bank. PNB Housing Finance Home Loan Interest rate Calculator online can help you calculate the interest rate you are eligible for and also, the total interest you will pay during the loan duration. Some of factors that are used for interest rate calculation are:

  • Occupation of the borrowers: Banks charge a slightly higher interest rate on home loans for self-employed as compared to that on loans for salaried borrowers.
  • Amount of the Loan: PNB Housing Finance offers loans of up to ₹ 5,00,000 at 8.60% and loans of above ₹ 5,00,000 at rates ranging from 8.60% to 9.25%.
  • Type of loan opted for: The bank also offers different rates on its various loan schemes such as fixed rate home loan, floating rate home loan and home loan with overdraft facility etc.
  • Existing bank customers: ICICI Bank may also offer lower interest to its existing bank account holders to maintain its relationship.

Tips to decide the right amount of EMI

  • Ascertain the amount you need to borrow: It is important that before approaching a bank for a loan, you need to estimate the amount of loan you need to borrow. Remember house loan is a long term loan, and hence it is advisable to minimise your loan amount to the extent possible. Limit your loan amount to the balance funds you need to fund the property after accounting for your available funds. Also, using the PNB Housing Finance Housing Loan EMI calculator try to opt for the lowest tenure of loans as long tenure loans result in huge interest outgo.
  • Review your current obligations: Before taking a loan. it is advisable to evaluate your current monthly expenses including any EMI obligations that you have on your current loans. The assessment will help you to estimate the amount of EMI you can pay comfortably after taking into account other obligations. Once you arrive at the EMI you can service, you can also decide on the right loan tenure.

How to process for Home Loan EMI moratorium in PNB Housing Finance?

After the announcement of RBI on 22nd May 2020, PNB Housing Finance has extended the loan moratorium for the term loans and interest of working capital loans to next three months till August 2020. As a borrower, you have the option to opt-in or opt-out of the moratorium by informing PNB Housing Finance. The interest will continue to accrue on the principal outstanding during this moratorium and the accumulated interest would be added to the principal amount resulting in the extension of loan tenure except in cases where the tenure extension is not possible will increase EMI amount. The moratorium on payment of Home Loan EMI’s will not be treated as default and will not have any negative impact on the borrower’s credit score. To know more about the moratorium option, you may contact PNB Housing Finance customer care or its nearest branch.


Will the PNB Housing Finance home loan EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

Typically, the home loan EMI remains unchanged unless the customer requests for a change and the same is approved by PNB Housing Finance subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI). In case the floating rate of interest on your home loan increases, the EMI will increase as per the reset frequency of your home loan. For partly disbursed loans availed under tranched EMI scheme, your loan EMI will increase with each disbursement. You can plan your EMIs with PNB Housing Finance Home loan EMI calculator 2020.

Will home loan EMI change in case of prepayment?

PNB Housing Finance 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 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 same (that is paying lesser amount every month). It is beneficial to keep the 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 Housing Finance home loan calculator.

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

It is advised to calculate home loan EMI before taking a home loan. There are several benefits of calculating your PNB Housing Finance housing loan EMI which can be done using PNB Housing Finance housing loan 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 makes EMI easily 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 surplus amount

What is the EMI for home loan in PNB Housing Finance?

The EMI will vary based on loan amount, tenure, rate of interest and can be calculated using PNB Housing Finance home loan calculator. Based on the lowest rate of 8.60% and maximum tenure of 30 years, the PNB Housing Finance home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 0.08 Lakh
₹ 30 Lakh ₹ 0 Cr
₹ 50 Lakh ₹ 0 Cr

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

Can I use the same Housing payments calculator for an PNB Housing Finance home loan?

The home loan EMI calculator works in the same manner for all banks. So, you can use the EMI calculator for PNB Housing Finance home loan to calculate the monthly installments and know about. Besides, using the PNB Housing Finance home loan calculator will save your time and help you analyze different offers easily.

How accurate is a PNB Housing Finance Housing Loan EMI calculator?

Online PNB Housing Finance 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.

Why should I calculate my PNB Housing Finance home loan EMI in advance before taking a loan?

By calculating the EMI before availing the PNB Housing Finance home finance will help you identify the amount you can pay each month as EMI. Plus, based on your budget, you can assess the maximum loan amount you can be eligible for and the applicable rate for it.

How to pay your PNB Housing Finance Home loan EMI?

To pay the EMI of PNB Housing Finance 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 SBI home loan EMI calculated?

The SBI 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

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PNB Housing Finance Home Loan News - Sep 2020
  • 2020-07-31 : PNB Housing Finance introduced online application and verification platform
    PNB Housing Finance launched Ace - an innovative digital customer onboarding platform. The move is aimed at facilitating easier, safer approval and disbursal of home loans with a minimal physical interface.
  • 2020-06-08 : PNB Housing revised its home loan rates
    PNB Housing revised its home loan rates. The new home loan rates lie between 8.60% to 9.25%. The revised rates are in effect from 1 June 2020.
  • 2020-01-24 : PNB Housing Finance Q3 net profit reduced by 22%
    PNB Housing Finance net profit amount reduced by 22% to 237.02 crores from ₹302.97 crores in the corresponding period of last year. Total income on the back of a decrease in home loans reduced by 0.18% to Rs 2,074.79 crores. Further, Net Interest income stood at Rs Rs 566.1 crores.
  • 2020-01-23 : PNB Housing Finance revised Home loan interest rate
    PNB Housing Finance changed the Home Loan interest rate and the new rates will be effective from 24 January 2020. The home loan rate lies between 8.95% to 9.20% for Normal Home Loans and 10.75% to 12% for Unnanti Home Loans.
  • 2019-08-01 : PNB Housing Finance to focus on retail loans in FY20
    One of the leading housing loan providers, PNB Housing Finance is planning to focus on retail loans, including home loans and loans against property in FY20. As per the sources, their retail disbursements have shown a positive trend in Q1 and is further expected to witness steady growth ahead.
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