PNB Home Loan EMI Calculator

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PNB Housing Finance Home Loan EMI Calculator

Last Updated 21st Oct 16

PNB Home Loan - Lowest EMI is Rs. 837 per lakh

  • Get monthly EMI as low as Rs. 837 per lakh with PNB Housing Finance now offering home loans with loan tenure upto 30 years.
  • Lowest home loan interest rate currently offered by PNB Housing Finance is 9.45%, for which the EMI per Rs. 1 lakh loan amount comes to Rs. 1,041 for a 15 year loan and Rs. 929 for a 20 year loan. Check the EMI for other tenures using the PNB Housing Finance home loan EMI calculator on this page.

Home Loan EMI Calculator PNB Housing Finance

PNB Housing Finance Home Loan EMI Calculator

PNB Home Loan EMI

  • Home Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to PNB Housing Finance 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 Housing Finance offering Home Loans with loan tenure upto 30 years, the loan EMI can be as low as Rs. 837 per lakh, to make it more affordable and convenient to meet your needs. Lowest Rate of interest offered by PNB Housing Finance on Home Loan is 9.45%. You can check EMI for other tenures using our PNB Housing Finance Home Loan EMI calculator.
  • Loan Tenure
    Loan Amount (Rs.) 15 years20 years30 years
    2,500,000 26,03023,22220,930
    5,000,000 52,06046,44341,860
    7,500,000 78,09169,66562,791
    10,000,000 104,12192,88783,721
  • 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 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 is calculated:
In above formula,
P = Loan amount. This can range from Rs. 1,500,000 to Rs. 100,000,000
r = Rate of interest per month. Current rate is 9.45%, which is linked to PLR
n = tenure in month. For PNB Housing Finance, this can be 360 months

Will the PNB 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, PNB Housing Finance will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by PNB Housing Finance, the bank may increase your EMI amount.
  • For partly disbursed loans availed under tranched EMI scheme, your loan EMI will increase with each disbursement.

Will home loan EMI change in case of prepayment?

  • PNB Housing Finance allows prepayment at nil charges or penalty in case of floating rate home loans.
  • When you make a prepayment, the outstanding principal amount on your home loan reduces. In this case, you may choose to either keep the EMI the same and reduce the loan tenure (that is pay off the loan faster) or reduce the EMI and keep the loan tenure the same (that is pay 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.
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
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PNB Home Loan EMI Calculator News - Oct 2016
14th Oct 16 PNB Housing Finance cuts home loan rates by 10 basis points
PNB Housing has reduced its home loan rates by 10 bps. The floating home loan rates have been reduced to 9.45 per cent from 9.55 per cent while fixed rates decreased to 9.4 from 9.5 per cent. PNBHFL has also cut its loan against property rates by 25 bps to 11 per cent from 11.25 per cent. This rate cut will be effective from 14th October, 2016.
25th Jul 16 PNB Housing Finance plans to expand in tier 2, 3 cities
PNB Housing Finance is planning to expand its business to Pan India levelto meet the growing demand from tier-II and tier-III cities . At present, the company has 48 branches at 28 locations. The company is targeting 60 more locations that have a population of more than 8-9 million.
05th Jul 16 PNB Housing Finance files draft papers for Rs 2,500 Crore IPO
PNB Housing Finance approached SEBI for an Initial Public Offer worth up to Rs 2,500 crore. As stated in the Draft Red Herring Prospectus(DRHP), the company plans to raise up to Rs 2,500 crore through the initial share sale and a portion would be reserved for the employees. The housing finance company plans to use the proceeds from share sale to strengthen its capital base and for general corporate purposes . The company plans to grow business by expanding into specific target markets such as the affordable housing segment. At the end of March 2016, PNB had 51 per cent stake in the company. Post IPO, it would "continue to hold approximately 35-37 per cent of the issued and paid-up share capital", according to the DRHP
13th May 16 PNB Housing Finance net profit rises 66% in FY16
PNB Housing Finance reported a rise in net profit, income and loans sanctioned for the financial year 2015-16. While net profit rose 66 percent to Rs. 326 crore and total income grew 52 percent to Rs. 2,697 crore. Assets under management rose 59 percent to Rs. 27,555 crore as on March 31, 2016 and the company sanctioned loans worth Rs. 37,608 crore. Gross non-performing assets (NPAs) and net NPAs stood at 0.22 percent and 0.14 percent.
12th May 16 PNB Home Loan Rate Cut
PNB Housing Finance has reduced interest rates on PNB Home Loans effective May 9th 2016. PNB will now offer home loans at floating rate of 9.55% to salaried and self employed professionals. For self employed businessmen, the rate of interest would range from 9.80% to 10.30%. The popular fixed rate home loans from PNB are now available at a fixed rate of 9.50% to 9.75% for 3, 5 or 10 years fixed period.