PNB Home Loan EMI Calculator

PNB Home Loan - Lowest EMI is Rs. 769 per lakh

Last Updated 23rd Mar 2017
  • Get monthly EMI as low as Rs. 769 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 8.50%, for which the EMI per Rs. 1 lakh loan amount comes to Rs. 985 for a 15 year loan and Rs. 868 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. 769 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 8.50%.
  • Loan Tenure
    Loan Amount (Rs.) 15 years20 years30 years
    2,500,000 24,61821,69619,223
    5,000,000 49,23743,39138,446
    7,500,000 73,85565,08757,669
    10,000,000 98,47486,78276,891
  • 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 8.50%, which is linked to PNB 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.
PNB Home Loan EMI Calculator News - Mar 2017
03rd Mar 17 PNB Housing Finance organized its first Dream Home Expo
PNB Housing Finance organised its first dream home expo, Ghar Utsav on 25 and 26th February, 2017 for home developers and new home buyers. The expo was aimed at providing a sales platform to leading developers to exhibit their properties and easy home loans to potential borrowers. During the expo the NBFC sanctioned home loans on spot to potential home loan borrowers at low interest rate of 8.50 percent with zero processing fees.
08th Feb 17 PNB Housing Finance signs MoU with CREDAI to train construction workers in West Bengal
PNB Housing Finance Limited has signed memorandum of understanding with CREDAI West Bengal to provide skill based training to 1,000 construction workers in Kolkata. As per the MoU, 50 percent of the training cost will be borne by PNBHFCL and the state government with the remaining 50 percent borne by the developer of the construction site. The training program is expected to increase the number of skilled workers in West Bengal and speed up the pending construction work.
31st Jan 17 PNB Housing Finance to raise funds worth Rs. 1,025 crore via NCDs
PNB Housing Finance is planning to raise funds worth Rs. 1,025 crore via non convertible debentures (NCDs) on a private placement basis. The debentures with a tenor of 3 years and 3 months will carry a coupon rate of 7.46 percent, payable semi annually.
25th Jan 17 PNB Housing Finance registers growth of 53 percent in its net profit in third quarter of FY17
PNB Housing Finance has reported a growth of 53 percent in its net profit at Rs. 137 crore in third quarter of FY17 as compared to Rs. 90 crore for the corresponding period a year ago. Gross non- performing assets of the NBFC have risen to 0.37 percent during this quarter as compared to 0.35 percent during the same quarter a year ago.
24th Jan 17 PNB Housing Finance to invest Rs. 300 crore in a realty developer commercial project
PNB Housing Finance has entered into an agreement with the realty developer, Parinee Group to invest Rs. 300 crore in its commercial project. The funding is expected to be done in instalments with tenure of four years. The commercial project is an office complex being built in Andheri, western suburb of Mumbai.
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