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PNB Loan Against Property EMI Calculator

PNB Mortgage Loan EMI 2021

Last Updated 01st Dec 2021

Get monthly EMI as low as ₹ 1,294 per lakh on PNB loan against property. Mortgage loan EMI in PNB depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.

  • Use PNB mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check PNB property loan EMI for different tenures at the current rate of 9.50%
Loan Amount5 Year Loan7 Year loan10 Year loan
₹ 20 Lakh₹ 42,004₹ 32,688₹ 25,880
₹ 30 Lakh₹ 63,006₹ 49,032₹ 38,819
₹ 50 Lakh₹ 1,05,009₹ 81,720₹ 64,699
Apply for Loan Against Property @ 6.90%* Get upto ₹ 1,000* Cashback
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Bank/NBFCs Rate* EMI per Lakh* Action

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Loan Against Property EMI Calculator PNB

You can calculate your PNB loan against property EMI in advance to plan your expenses using a PNB mortgage loan calculator. PNB loan against property EMI calculator is an online tool that gives accurate results without hassle.

Why should you use PNB Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With PNB LAP EMI Calculator, you can compare the EMI on your loan against property with different loan tenures and loan amount. However, you must check the interest rate on PNB loan against property to calculate the EMI. As per the current rates, PNB offers the lowest EMI per lakh of ₹ 1,294 at 9.50 %
  • Compare PNB LAP EMI : You can also get a precise estimate on your loan against property compared to other banks at the same loan amount and tenure by using PNB loan EMI Calculator. On the basis of PNB Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : PNB Loan against EMI Calculator helps you to calculate the division of total EMIs into interest and principal repayment at different periods throughout the loan tenure.
  • Calculate the Outstanding Balance : Finally, you can also use PNB EMI Calculator to calculate the remaining loan tenure for the outstanding balance at any period of the loan tenure. Thus, it can help you reduce your loan tenure by prepayment or foreclosure or to avail loan at a lower rate with balance trasnfer.

PNB Mortgage Loan EMI Calculator to estimate the EMI that fits your budget

To calculate the EMI against PNB EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the PNB Loan against property EMI calculator. The table below shows the PNB EMI calculation at the various combinations of loan amount and years at the lowest rate of 9.50%.

PNB Loan against property EMI is calculated for different loan amounts and tenures at 9.50% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 19,410 ₹ 15,663 ₹ 13,982
EMI on ₹ 25,00,000 ₹ 32,349 ₹ 26,106 ₹ 23,303
EMI on ₹ 40,00,000 ₹ 51,759 ₹ 41,769 ₹ 37,285
EMI on ₹ 60,00,000 ₹ 77,639 ₹ 62,653 ₹ 55,928

Factors Affecting PNB Property Loan EMI

You can calculate PNB EMI for your loan against property using an online LAP EMI Calculator, which considers 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 on loan against property. You can avail of PNB loan against property for an amount ranging between ₹ 5,00,000 to ₹ 5,00,00,000.

Interest Rate

A higher interest rate increases your PNB loan against property EMI, increasing the total cost of the loan. As per the current rates, PNB provides loan against property at rates starting at 9.50%. Before applying for a loan, you must compare LAP rates and calculate EMI online using PNB loan against property loan calculator.

Loan Tenure

Your EMI will be lower if you avail mortgage loan for a maximum tenure of 10 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.

Comparison of PNB Loan Against Property EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
PNB 9.50% ₹ 12,940 ₹ 38,819 ₹ 64,699
Kotak Bank 9.50% ₹ 11,664 ₹ 34,991 ₹ 58,319
Indian Overseas Bank 9.75% ₹ 16,472 ₹ 49,417 ₹ 82,361
HSBC Bank 9.80% ₹ 10,624 ₹ 31,872 ₹ 53,120
Union Bank of India 9.80% ₹ 11,836 ₹ 35,507 ₹ 59,178
Canara Bank 9.95% ₹ 16,575 ₹ 49,726 ₹ 82,877
Syndicate Bank 9.95% ₹ 13,187 ₹ 39,562 ₹ 65,937
Indiabulls 9.99% ₹ 13,210 ₹ 39,629 ₹ 66,048
Federal Bank 10.10% ₹ 13,271 ₹ 39,812 ₹ 66,353
Standard Chartered Bank 10.10% ₹ 10,807 ₹ 32,422 ₹ 54,037
South Indian Bank 10.20% ₹ 12,067 ₹ 36,200 ₹ 60,333

PNB Loan Against Property 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 Loan Against Property of ₹ 25 Lakh from PNB for 5 years at an interest rate of 9.50%, the EMI calculated for this loan amount would be ₹ 52,505 and the total annual EMIs to be paid annually is ₹ 6,30,056. The PNB Loan Against Property EMI schedule for 5 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 25 Lakh over the 5 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 19,792 ₹ 32,713 ₹ 52,505 ₹ 24,67,287
2022 ₹ 2,16,702 ₹ 4,13,354 ₹ 6,30,056 ₹ 20,53,933
2023 ₹ 1,75,677 ₹ 4,54,379 ₹ 6,30,056 ₹ 15,99,554
2024 ₹ 1,30,581 ₹ 4,99,475 ₹ 6,30,056 ₹ 11,00,079
2025 ₹ 81,010 ₹ 5,49,046 ₹ 6,30,056 ₹ 5,51,033
2026 ₹ 26,518 ₹ 5,51,033 ₹ 5,77,551 -₹ 0

Each PNB Loan Against Property 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 65.09% of your EMI has been used to repay the principal amount. This means that the remaining 34.91% of the EMI went into interest payment. Thus, you end up paying only 16.4% of the loan amount of ₹ 25 Lakh after paying 12 EMIs in the first year to PNB.

In year 5, the interest component of PNB EMI is around 4.96%, while the principal component is around 95.04%. Upto 5 years, you have cumulatively repaid 100% of your total PNB Loan Against Property.

PNB Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on PNB loan against property for ₹ 10,00,000 for different tenures at an interest rate of 9.50%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 9.50% 5 Years ₹ 21,002
₹ 10,00,000 9.50% 10 Years ₹ 12,940
₹ 10,00,000 9.50% 12 Years ₹ 11,664
₹ 10,00,000 9.50% 10 Years ₹ 12,940

PNB Loan Against Property EMI for ₹ 25 Lakh

The following table shows PNB loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 9.50%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 9.50% 5 Years ₹ 52,505
₹ 25,00,000 9.50% 10 Years ₹ 32,349
₹ 25,00,000 9.50% 12 Years ₹ 29,159
₹ 25,00,000 9.50% 10 Years ₹ 32,349

PNB Mortgage Loan EMI for ₹ 30 Lakh

The following table shows PNB loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 9.50%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 9.50% 5 Years ₹ 63,006
₹ 30,00,000 9.50% 10 Years ₹ 38,819
₹ 30,00,000 9.50% 12 Years ₹ 34,991
₹ 30,00,000 9.50% 10 Years ₹ 38,819

FAQs

Will the PNB Loan Against Property EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

PNB Loan against property may change as per the borrower’s financial ability or in case of floating rate of interests offered by the lender. The consequences of the change in PNB LAP EMI are listed as follows:

  • Typically, the Loan Against Property EMI remains unchanged unless the customer requests for a change and the same is approved by PNB 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 loan increases, PNB 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 the extent that the revised loan tenure is more than the maximum permissible by PNB, the bank may increase your EMI amount.

Will PNB Loan Against Property EMI change in case of prepayment?

Similar to all loans, PNB Loan against property also offers the prepayment facility to the loan borrowers. Prepayment of loan leads to certain changes as listed below:

  • When you make a prepayment, the outstanding principal amount on your property loan reduces. You may choose to either keep the EMI the same and reduce the loan tenure (enabling you to pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying a 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.
  • Note that PNB may levy prepayment charges except on floating rate property loans sanctioned to individuals.

How does EMI calculator calculate PNB Loan Against Property EMI?

PNB Loan against property emi calculator is a reliable and time-saving tool to calculate the LAP EMI. It functions as follows:

  • EMI is calculated using a combination of the loan amount, loan tenure and interest rate.
  • PNB mortgage loan calculator calculates EMI on a reducing balance basis and assuming payment of EMI in arrears (that is interest is charged for the month preceding the date of EMI payment on EMI date) and not in advance.

How much loan can I get against my property from PNB?

You can avail of a maximum loan of ₹ 5,00,00,000, depending on the value of the property. However, the loan amount cannot be more than 50% of the property value. PNB assesses the property before approving your mortgage loan application.

How to pay your PNB Mortgage loan EMI Online?

You can pay the PNB mortgage loan EMI by logging in to your net banking account as provided when availing of the loan using your savings account or debit/credit card. You can also visit the PNB branch to submit the cheque of your EMI.

What is the EMI for ₹ 10 Lakh mortgage loan in PNB?

To determine different EMI for different tenures, you can use a 10 lakh loan against property EMI Calculator. Consider this example for a better understanding.

Loan amount Interest rate Tenure EMI
₹ 10 Lakh 9.50% 5 years ₹ 21,002
₹ 10 Lakh 9.50% 10 years ₹ 12,940
₹ 10 Lakh 9.50% 12 years ₹ 11,664
₹ 10 Lakh 9.50% 10 years ₹ 12,940

How is PNB loan against property EMI calculated?

You can calculate PNB LAP EMI using the mathematical formula mentioned below or using an online PNB LAP EMI Calculator.

  • 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.

What is the EMI for ₹ 20 Lakh Loan against property in PNB?

To determine different Loan against property EMI PNB for different tenures, you can use a 20 lakh loan against property Calculator, as reflected in the table below:

Loan amount Interest rate Tenure EMI
₹ 20 Lakh 9.50% 5 years ₹ 42,004
₹ 20 Lakh 9.50% 10 years ₹ 25,880
₹ 20 Lakh 9.50% 12 years ₹ 23,327
₹ 20 Lakh 9.50% 10 years ₹ 25,880

What is the EMI for ₹ 30 Lakh mortgage loan in PNB?

To determine different PNB EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 9.50% 5 years ₹ 63,006
₹ 30 Lakh 9.50% 10 years ₹ 38,819
₹ 30 Lakh 9.50% 12 years ₹ 34,991
₹ 30 Lakh 9.50% 10 years ₹ 38,819

What is the EMI for ₹ 50 Lakh mortgage loan in PNB?

To estimate PNB EMI for different loans against property tenures, you can use a 50 lakh mortgage Calculator. The results are mentioned as follows:

Loan amount Interest rate Tenure EMI
₹ 50 Lakh 9.50% 5 years ₹ 1,05,009
₹ 50 Lakh 9.50% 10 years ₹ 64,699
₹ 50 Lakh 9.50% 12 years ₹ 58,319
₹ 50 Lakh 9.50% 10 years ₹ 64,699


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PNB Loan Against Property News - Dec 2021
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    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.
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    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%.
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