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PNB Housing Finance Home Loan EMI Calculator

PNB Housing Finance Home Loan Calculator

Last Updated 31st Jan 2022

  • PNB Housing Finance home loan EMI per ₹ 1 Lakh is ₹ 665, which is one of the lowest EMI offered by banks. Check Best Offers
  • Housing loan EMI in PNB Housing Finance is calculated based on the loan amount, loan tenure and interest rate.
  • It is better to calculate your EMI for the PNB Housing Finance home loan before applying. Use an online PNB Housing Finance loan EMI calculator to estimate your EMI.
  • Check PNB Housing Finance home loan EMI for different tenures at the current PNB Housing Finance home loan interest rate of 6.99%
  • Loan Amount10 Year Loan15 Year loan30 Year loan
    ₹ 10 Lakh₹ 11,606₹ 8,983₹ 6,646
    ₹ 20 Lakh₹ 23,211₹ 17,965₹ 13,293
    ₹ 30 Lakh₹ 34,817₹ 26,948₹ 19,939
    ₹ 50 Lakh₹ 58,028₹ 44,913₹ 33,232

    Jump to EMI Calculator

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PNB Housing Finance Housing Loan EMI Calculator

PNB Housing Finance 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 Finance housing loan EMI in advance to plan your loan payments and expenses using a PNB Housing Finance home loan calculator. PNB Housing Finance 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 Housing Finance Home Loan EMI Calculator?

  • Calculate the EMI at Different Tenures: PNB Housing Finance offers the lowest EMI per lakh at ₹ 665. 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 Housing Finance home loan.
  • Compare PNB Housing Finance Home Loan EMI: With the PNB Housing Finance home loan EMI Calculator online, you can also estimate EMI on your home loan from PNB Housing Finance 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 Housing Finance?

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 Housing Finance Home Loan EMI calculator. The below-mentioned table shows the calculation of PNB Housing Finance Home Loan at the various combinations of loan amount and years at the lowest rate of 6.99%. 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 Housing Finance 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 Housing Finance Home Loan EMI calculator. The below-mentioned table shows the calculation of PNB Housing Finance Home Loan at the various combinations of loan amount and years at the lowest rate of 6.99%. 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 Housing Finance Home loan plan for you.

PNB Housing Finance home loan EMI is calculated for different loan amounts and tenures at 6.99% interest rate
Loan Tenure
Loan Amount (Rs.) 15 years20 years30 years
₹ 25 Lakh ₹ 22,457 ₹ 19,367 ₹ 16,616
₹ 50 Lakh ₹ 44,913 ₹ 38,735 ₹ 33,232
₹ 75 Lakh ₹ 67,370 ₹ 58,102 ₹ 49,847
₹ 1 Cr ₹ 89,827 ₹ 77,470 ₹ 66,463

Benefits of using PNB Housing Finance Home Loan EMI Calculator

PNB Housing Finance 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 Housing Finance 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 Housing Finance 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 Housing Finance 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 Housing Finance gives a minimum home loan of ₹ 20,00,000 upto a maximum amount of ₹ 5,00,00,000.

Interest Rate

Higher interest rate increases your PNB Housing Finance housing loan EMI which will increase the total cost of the loan. PNB Housing Finance current home loan interest rate starts at 6.99%. Do a complete market research and compare rates and calculate EMI online using the 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. Your EMI will be lower if you take a 30 years loan from PNB Housing Finance as compared to a loan taken for 5 years. For a longer period, you get to pay a smaller EMI and vice-versa.

PNB Housing Finance Home Loan EMI Calculator Formula

PNB Housing Finance 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 Housing Finance Home Loan EMI calculator formulates EMI:

In above formula,

  • P = Loan amount. PNB Housing Finance home loan amount can range from ₹ 20,00,000 to ₹ 5,00,00,000
  • R = Rate of interest per month. Current PNB Housing Finance housing loan rate 6.99%.PLR
  • N = tenure in month. For PNB Housing Finance, maximum home loan tenure is 360 months

Comparison of PNB Housing Finance 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 Housing Finance 6.99% ₹ 6,646 ₹ 19,939 ₹ 33,232
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 Housing Finance Home Loan Amortization Calculator

PNB Housing Finance Home Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. PNB Housing Finance 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 Housing Finance at an interest rate of 6.99%. EMI calculated for this loan amount is ₹ 31,439 and the total annual EMIs to be paid annually is ₹ 3,77,273. 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 ₹ 1,61,276 ₹ 90,239 ₹ 2,51,515 ₹ 34,09,761
2023 ₹ 2,33,804 ₹ 1,43,469 ₹ 3,77,273 ₹ 32,66,291
2024 ₹ 2,23,448 ₹ 1,53,825 ₹ 3,77,273 ₹ 31,12,466
2025 ₹ 2,12,344 ₹ 1,64,929 ₹ 3,77,273 ₹ 29,47,537
2026 ₹ 2,00,439 ₹ 1,76,834 ₹ 3,77,273 ₹ 27,70,703
2027 ₹ 1,87,674 ₹ 1,89,599 ₹ 3,77,273 ₹ 25,81,104
2028 ₹ 1,73,988 ₹ 2,03,285 ₹ 3,77,273 ₹ 23,77,819
2029 ₹ 1,59,315 ₹ 2,17,959 ₹ 3,77,273 ₹ 21,59,860
2030 ₹ 1,43,582 ₹ 2,33,692 ₹ 3,77,273 ₹ 19,26,169
2031 ₹ 1,26,713 ₹ 2,50,560 ₹ 3,77,273 ₹ 16,75,609
2032 ₹ 1,08,627 ₹ 2,68,647 ₹ 3,77,273 ₹ 14,06,962
2033 ₹ 89,235 ₹ 2,88,038 ₹ 3,77,273 ₹ 11,18,924
2034 ₹ 68,443 ₹ 3,08,830 ₹ 3,77,273 ₹ 8,10,094
2035 ₹ 46,151 ₹ 3,31,122 ₹ 3,77,273 ₹ 4,78,971
2036 ₹ 22,249 ₹ 3,55,024 ₹ 3,77,273 ₹ 1,23,947
2037 ₹ 1,810 ₹ 1,23,947 ₹ 1,25,758 -₹ 0

In the above illustration, on a PNB Housing Finance Home Loan of₹ 35 Lakh, taken at the lowest interest rate of 6.99, EMI paid is ₹ 31,439 and an annual total of EMIs is ₹ 3,77,273, the interest component is ₹ 2,40,317 while the principal component is ₹ 1,36,956 in year 1 of loan disbursement. You repay only 3.91% of the total principal after paying 12 EMIs during the first year.

PNB Housing Finance Home Loan EMI for ₹ 10 Lakh

The following table shows PNB Housing Finance Housing Loan EMI for ₹ 10 lakh home loan for different tenures at an interest rate of 6.99%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 6.99% 5 Years ₹ 19,796
₹ 10,00,000 6.99% 10 Years ₹ 11,606
₹ 10,00,000 6.99% 15 Years ₹ 8,983
₹ 10,00,000 6.99% 20 Years ₹ 7,747
₹ 10,00,000 6.99% 30 Years ₹ 6,646

PNB Housing Finance Home Loan EMI for ₹ 20 Lakh

The following table shows PNB Housing Finance Housing Loan EMI for ₹ 20 lakh home loan for different tenures at an interest rate of 6.99%

Loan Amount Interest rate Tenure (Year) EMI
₹ 20,00,000 6.99% 5 Years ₹ 39,593
₹ 20,00,000 6.99% 10 Years ₹ 23,211
₹ 20,00,000 6.99% 15 Years ₹ 17,965
₹ 20,00,000 6.99% 20 Years ₹ 15,494
₹ 20,00,000 6.99% 30 Years ₹ 13,293

PNB Housing Finance Home Loan EMI for ₹ 25 Lakh

The table below shows PNB Housing Finance Housing Loan EMI for ₹ 25 lakh home loan for different tenures at an interest rate of 6.99%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 6.99% 5 Years ₹ 49,491
₹ 25,00,000 6.99% 10 Years ₹ 29,014
₹ 25,00,000 6.99% 15 Years ₹ 22,457
₹ 25,00,000 6.99% 20 Years ₹ 19,367
₹ 25,00,000 6.99% 30 Years ₹ 16,616

PNB Housing Finance Home Loan EMI for ₹ 30 Lakh

The following table shows PNB Housing Finance Housing Loan EMI for ₹ 30 lakh home loan for different tenures at an interest rate of 6.99%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 6.99% 5 Years ₹ 59,389
₹ 30,00,000 6.99% 10 Years ₹ 34,817
₹ 30,00,000 6.99% 15 Years ₹ 26,948
₹ 30,00,000 6.99% 20 Years ₹ 23,241
₹ 30,00,000 6.99% 30 Years ₹ 19,939

PNB Housing Finance Home Loan EMI for ₹ 50 Lakh

The following table shows PNB Housing Finance Housing Loan EMI for ₹ 50 lakh home loan for different tenures at an interest rate of 6.99%

Loan Amount Interest rate Tenure (Year) EMI
₹ 50,00,000 6.99% 5 Years ₹ 98,982
₹ 50,00,000 6.99% 10 Years ₹ 58,028
₹ 50,00,000 6.99% 15 Years ₹ 44,913
₹ 50,00,000 6.99% 20 Years ₹ 38,735
₹ 50,00,000 6.99% 30 Years ₹ 33,232

Other Loan Calculators Offered by MyLoanCare

FAQs

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

No, your PNB Housing Finance 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 Housing Finance 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 Housing Finance interest rate?

PNB Housing Finance offers floating rate home loans only. If you take a floating rate loan from PNB Housing Finance, 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 Housing Finance home loan EMI can keep fluctuating during the loan tenure depending on the changes in interest rates.

Will PNB Housing Finance 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 PNB Housing Finance 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 Housing Finance 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 Housing Finance home loan calculator.

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

It is advised to calculate PNB Housing Finance 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 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 Housing Finance 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 Housing Finance.

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

The PNB Housing Finance 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 6.99% and maximum tenure of 30 years, the PNB Housing Finance home loan EMI for different loan amount will be:

Loan amount EMI
₹ 10 Lakh ₹ 6,646
₹ 12 Lakh ₹ 7,976
₹ 15 Lakh ₹ 9,969
₹ 30 Lakh ₹ 19,939
₹ 50 Lakh ₹ 33,232

You can compare PNB Housing Finance 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 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.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 Housing Finance home loan emi calculator is far better than manual calculations , as chances of error are less.

How to pay your PNB Housing Finance Home loan EMI Online?

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 PNB Housing Finance home loan EMI calculated?

The PNB Housing Finance 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 Housing Finance Home Loan Reviews 4.3/5  by 54 customers
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4.4/5.0
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4.1/5.0
RATIKANT, Kolkata
Reviewed on 06th May 2021
5 / 5 stars
PNB Housing Finance Home Loan Availed in Mar 2018

VERY GOOD SERVICES WAS PROVIDED BY THE MY LOAN CARE AS WELL AS PNB HOUSING BANK ALSO. I AM HAPPY WITRead more...

Guruavinash G, Pondicherry
Reviewed on 27th Jan 2020
5 / 5 stars
PNB Housing Finance Home Loan Availed in Jan 2020

MyLoanCare was helpful in every step of acquiring my loan on time.Read more...

Ramesh Jangiti, Hyderabad
Reviewed on 30th Sep 2019
4.5 / 5 stars
PNB Housing Finance Home Loan Availed in Jul 2019

Good follow-up on the loan by both Bank and MyLoanCare.Read more...

Sudhanya Mukherjee, Indore
Reviewed on 27th Sep 2019
5 / 5 stars
PNB Housing Finance Home Loan Availed in Jul 2019

The process was very smooth. I found good facilitation from the bank. Also good terms and easy proceRead more...

N Balakishan, Hyderabad
Reviewed on 26th Sep 2019
4.5 / 5 stars
PNB Housing Finance Home Loan Availed in Sep 2019

The executive Shubham is a really nice guy who was updating everything on time as required. I had a Read more...

Manish Gupta, Hyderabad
Reviewed on 02nd Aug 2019
5 / 5 stars
PNB Housing Finance Home Loan Availed in Jul 2019

Very good service, the team kept following up and helped me in resolving my queries. Thanks.Read more...

Ruchi katheria, Delhi
Reviewed on 01st Jun 2019
5 / 5 stars
PNB Housing Finance Home Loan Availed in May 2019

Very nicely done great job not much hassle easily done.














..... Read more...

TRUN Chauhan , Faridabad
Reviewed on 30th May 2019
5 / 5 stars
PNB Housing Finance Home Loan Availed in May 2019

Very happy with the your services and hassle free process. Excellent good job.Read more...

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PNB Housing Finance Home Loan News - May 2022
  • 2022-01-31 : PNB Housing Fin Focuses on Affordable Housing Segment
    PNB Housing Finance plans to focus on its high-yielding affordable housing business Unnati in tier-II and -III cities and targets operationalising 25 new branches by March this year.
  • 2022-01-21 : PNB Housing Finance Announces Net profit for Q3
    PNB Housing Finance Limited (PNBHFL) has reported a 19 per cent decline in net profit for the quarter ended December 31, 2021, at ₹188 crores compared to ₹232 crores recorded in the same quarter in the previous fiscal.
  • 2021-09-27 : PNB Housing Finance Revises Home Loan Rates
    PNB Housing Finance has revised home loan rates for borrowers. A borrower can get an interest rate of 7.20% with a credit score above 800. A self employed can get loan at 7.40%, there is no change in rates of Unnati Home Loans.
  • 2021-07-09 : PNB Asks PNB Housing Finance To Restructure Fundraising Plan
    Government-owned Punjab National Bank has written to PNB Housing Finance Ltd, asking it to consider restructuring the Rs 4,000-crore fundraising plan which involves Home Loan and Loan Against Property. The fundraising plan announced on May 31, would have pruned PNB stake in the housing finance company to around 20% from 32.6% currently and raised the shareholding of private equity firm Carlyle to over 50%.
  • 2021-04-30 : PNB Housing Finance posted ₹127-cr net profit in Q4
    PNB Housing Finance reported a consolidated net profit of Rs 127 crore in Q4 backed by retail loans like home, personal, LAP, two-wheeler, car, education and doctor loan along with deposits which include fixed and recurring deposits. Total income during January-March was down at Rs 1,834 crore from Rs 1,952 crore in the same period of 2019-20. Interest income dropped over 7% at Rs 1,670 crore during the quarter as against Rs 1,803 crore a year earlier.
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