PNB Loan Against Property EMI Calculator

• PNB Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay the bank towards repayment of your property loan every month on a fixed day of the month till your loan is fully paid back.
• With PNB now offering loan tenure upto 10 years at attractive interest rates starting at 9.50%, your EMI can be as low as ₹ 1,294 per ₹ one lakh loan amount.
• The PNB Loan Against Property EMI comprises both principal repayment and interest payment. While the EMI amount remains constant, the interest component keeps reducing and the principal component keeps increasing, except in case of an increase in the PNB loan against property interest rate.

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.

• 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.

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 years	15 years	20 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

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.

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
Indian Bank	10.50%	₹ 16,861	₹ 50,582	₹ 84,303
Dhan Laxmi Bank	10.60%	₹ 11,116	₹ 33,348	₹ 55,580
Andhra Bank	10.75%	₹ 13,634	₹ 40,902	₹ 68,169
United Bank of India	10.75%	₹ 16,991	₹ 50,974	₹ 84,956
Karnataka Bank	10.89%	₹ 11,297	₹ 33,891	₹ 56,485
OBC	10.95%	₹ 13,747	₹ 41,240	₹ 68,734
Cholamandalam	11.00%	₹ 11,366	₹ 34,098	₹ 56,830
Lakshmi Vilas Bank	11.00%	₹ 13,775	₹ 41,325	₹ 68,875
Corporation Bank	11.35%	₹ 13,974	₹ 41,922	₹ 69,869
Piramal Housing Finance	11.50%	₹ 10,664	₹ 31,993	₹ 53,321
Central Bank of India	13.75%	₹ 15,377	₹ 46,130	₹ 76,883
Allahabad Bank	14.15%	₹ 16,422	₹ 49,265	₹ 82,108

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
Dec	₹ 19,792	₹ 32,713	₹ 52,505	₹ 24,67,287
2022	₹ 2,16,702	₹ 4,13,354	₹ 6,30,056	₹ 20,53,933
Jan	₹ 19,533	₹ 32,972	₹ 52,505	₹ 24,34,315
Feb	₹ 19,272	₹ 33,233	₹ 52,505	₹ 24,01,082
Mar	₹ 19,009	₹ 33,496	₹ 52,505	₹ 23,67,585
Apr	₹ 18,743	₹ 33,761	₹ 52,505	₹ 23,33,824
May	₹ 18,476	₹ 34,029	₹ 52,505	₹ 22,99,796
Jun	₹ 18,207	₹ 34,298	₹ 52,505	₹ 22,65,498
Jul	₹ 17,935	₹ 34,569	₹ 52,505	₹ 22,30,928
Aug	₹ 17,662	₹ 34,843	₹ 52,505	₹ 21,96,085
Sep	₹ 17,386	₹ 35,119	₹ 52,505	₹ 21,60,966
Oct	₹ 17,108	₹ 35,397	₹ 52,505	₹ 21,25,569
Nov	₹ 16,827	₹ 35,677	₹ 52,505	₹ 20,89,892
Dec	₹ 16,545	₹ 35,960	₹ 52,505	₹ 20,53,932
2023	₹ 1,75,677	₹ 4,54,379	₹ 6,30,056	₹ 15,99,554
Jan	₹ 16,260	₹ 36,244	₹ 52,505	₹ 20,17,688
Feb	₹ 15,973	₹ 36,531	₹ 52,505	₹ 19,81,157
Mar	₹ 15,684	₹ 36,820	₹ 52,505	₹ 19,44,336
Apr	₹ 15,393	₹ 37,112	₹ 52,505	₹ 19,07,224
May	₹ 15,099	₹ 37,406	₹ 52,505	₹ 18,69,818
Jun	₹ 14,803	₹ 37,702	₹ 52,505	₹ 18,32,116
Jul	₹ 14,504	₹ 38,000	₹ 52,505	₹ 17,94,116
Aug	₹ 14,203	₹ 38,301	₹ 52,505	₹ 17,55,815
Sep	₹ 13,900	₹ 38,604	₹ 52,505	₹ 17,17,210
Oct	₹ 13,595	₹ 38,910	₹ 52,505	₹ 16,78,300
Nov	₹ 13,287	₹ 39,218	₹ 52,505	₹ 16,39,082
Dec	₹ 12,976	₹ 39,529	₹ 52,505	₹ 15,99,554
2024	₹ 1,30,581	₹ 4,99,475	₹ 6,30,056	₹ 11,00,079
Jan	₹ 12,663	₹ 39,842	₹ 52,505	₹ 15,59,712
Feb	₹ 12,348	₹ 40,157	₹ 52,505	₹ 15,19,555
Mar	₹ 12,030	₹ 40,475	₹ 52,505	₹ 14,79,080
Apr	₹ 11,709	₹ 40,795	₹ 52,505	₹ 14,38,285
May	₹ 11,386	₹ 41,118	₹ 52,505	₹ 13,97,167
Jun	₹ 11,061	₹ 41,444	₹ 52,505	₹ 13,55,723
Jul	₹ 10,733	₹ 41,772	₹ 52,505	₹ 13,13,951
Aug	₹ 10,402	₹ 42,103	₹ 52,505	₹ 12,71,849
Sep	₹ 10,069	₹ 42,436	₹ 52,505	₹ 12,29,413
Oct	₹ 9,733	₹ 42,772	₹ 52,505	₹ 11,86,641
Nov	₹ 9,394	₹ 43,110	₹ 52,505	₹ 11,43,531
Dec	₹ 9,053	₹ 43,452	₹ 52,505	₹ 11,00,079
2025	₹ 81,010	₹ 5,49,046	₹ 6,30,056	₹ 5,51,033
Jan	₹ 8,709	₹ 43,796	₹ 52,505	₹ 10,56,283
Feb	₹ 8,362	₹ 44,142	₹ 52,505	₹ 10,12,141
Mar	₹ 8,013	₹ 44,492	₹ 52,505	₹ 9,67,649
Apr	₹ 7,661	₹ 44,844	₹ 52,505	₹ 9,22,805
May	₹ 7,306	₹ 45,199	₹ 52,505	₹ 8,77,606
Jun	₹ 6,948	₹ 45,557	₹ 52,505	₹ 8,32,049
Jul	₹ 6,587	₹ 45,918	₹ 52,505	₹ 7,86,131
Aug	₹ 6,224	₹ 46,281	₹ 52,505	₹ 7,39,850
Sep	₹ 5,857	₹ 46,648	₹ 52,505	₹ 6,93,203
Oct	₹ 5,488	₹ 47,017	₹ 52,505	₹ 6,46,186
Nov	₹ 5,116	₹ 47,389	₹ 52,505	₹ 5,98,797
Dec	₹ 4,740	₹ 47,764	₹ 52,505	₹ 5,51,033
2026	₹ 26,518	₹ 5,51,033	₹ 5,77,551	-₹ 0
Jan	₹ 4,362	₹ 48,142	₹ 52,505	₹ 5,02,890
Feb	₹ 3,981	₹ 48,523	₹ 52,505	₹ 4,54,367
Mar	₹ 3,597	₹ 48,908	₹ 52,505	₹ 4,05,459
Apr	₹ 3,210	₹ 49,295	₹ 52,505	₹ 3,56,165
May	₹ 2,820	₹ 49,685	₹ 52,505	₹ 3,06,480
Jun	₹ 2,426	₹ 50,078	₹ 52,505	₹ 2,56,401
Jul	₹ 2,030	₹ 50,475	₹ 52,505	₹ 2,05,926
Aug	₹ 1,630	₹ 50,874	₹ 52,505	₹ 1,55,052
Sep	₹ 1,227	₹ 51,277	₹ 52,505	₹ 1,03,775
Oct	₹ 822	₹ 51,683	₹ 52,505	₹ 52,092
Nov	₹ 412	₹ 52,092	₹ 52,505	₹ 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.

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

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

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

✅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