PNB Loan Against Property EMI Calculator

Lowest EMI on PNB Loan Against Property - Rs. 1,372 per lakh

Last Updated 06th Dec 2016
Loan Tenure
Loan Amount (Rs.) 7 years 10 years 10 years
2,500,000 Rs. 42,675 Rs. 34,296 Rs. 34,296
5,000,000 Rs. 85,350 Rs. 68,592 Rs. 68,592
7,500,000 Rs. 128,024 Rs. 102,888 Rs. 102,888
10,000,000 Rs. 170,699 Rs. 137,185 Rs. 137,185

Check PNB Loan Against Property EMI for a loan amount and tenure

PNB Loan Against Property EMI Calculator
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  • Loan Against Property EMI (or equated monthly instalment) is a fixed amount of money you pay PNB 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 18 years at attractive interest rates starting is 10.90%, your EMI can be as low as Rs. 1372 per Rs. one lakh loan amount.
  • The Loan Against Property EMI comprises of both principal repayment and interest payment. While the EMI amount remains constant, the interest component of keeps reducing and the principal component keeps increasing, except in case of an increase in interest rate on the loan.
Use the above quick and easy tool to easily calculate and compare monthly EMI on PNB Loan Against Property.

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

  • 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 an extent that the revised loan tenure is more than the maximum permissible by PNB, the bank may increase your EMI amount.

Will Loan Against Property EMI change in case of prepayment?

  • 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 pay off the loan faster) or reduce the EMI and keep the loan tenure unchanged (thus paying 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 Loan Against Property EMI calculator calculate Loan Against Property EMI?

  • EMI is calculated using a combination of loan amount, loan tenure and interest rate.
  • EMI is calculated 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.
PNB Loan Against Property EMI Calculator News - Dec 2016
01st Dec 16 Punjab National Bank reduces its MCLR up to 10 bps
Punjab National Bank has reduced its overnight and six months marginal cost of lending rates to 8.90 and 9.10 percent from 9 and 9.20 percent earlier. Minimum MCLR rates for one year and five year tenure are also reduced by 10 basis points to 9.15 and 9.45 percent from 9.25 and 9.50 percent respectively. New rates are effective from 1st December, 2016.
11th Nov 16 PNB to calibrate their 10,000 ATMs by the end of the month to disburse new notes
Punjab National Bank plans to adjust their 10,000 ATM machines to disburse new currency notes of Rs. 500 and Rs. 2,000 by the end of the month. The step is taken after Prime Minister announced the demonetization of Rs. 500 and Rs. 1,000 notes to remove black money from the economy.
07th Nov 16 PNB net profit falls by 11.5 percent in July to September quarter, bad loan rises
Punjab National Bank reported a decline in its net profit by 11.5 percent in July to September quarter due to rise in bad loans. The net profit fell to Rs. 549.36 crores as compared to Rs. 621.03 crores in same quarter of last year. Provision for bad loans increased by 34.6 percent to Rs. 2,534 crores from Rs. 1,882 crores in same period last year.
03rd Nov 16 Punjab National Bank organizes Grahak Sammelan in Bhopal
Punjab National Bank organized Grahak Sammelan programme under its vigilance awareness week. The awareness week is being held from 31st October, 2016 to 5th November, 2016 and aims at promote honesty and eliminate corruption by public support.
02nd Nov 16 Punjab National Bank cuts lending rates from 1st November, 2016
PNB has reduced its marginal cost based lending rates (MCLR) by 0.05 percent. The overnight and three months MCLR is reduced to 9 percent and 9.15 percent. The one year and three years MCLR is reduced to 9.25 percent and 9.40 percent. The five year MCLR is reduced to 9.55 percent respectively. The revised rates will be effective from 1st November, 2016.
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