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PNB Loan Against Property EMI Calculator

PNB Mortgage Loan EMI

Last Updated 01st May 2021

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

Loan Amount5 Year Loan7 Year loan10 Year loan
₹ 10 Lakh₹ 21,002₹ 16,344₹ 12,940
₹ 25 Lakh₹ 52,505₹ 40,860₹ 32,349
₹ 40 Lakh₹ 84,007₹ 65,376₹ 51,759
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    Loan Against Property EMI Calculator PNB

    Use the above quick and easy tool to easily calculate and compare monthly EMI on PNB Loan Against Property.

    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 ₹ 15 Lakh from PNB for 20 years at an interest rate of 9.50%, the EMI calculated for this loan amount would be ₹ 13,982 and the total annual EMIs to be paid annually is ₹ 1,67,784. The PNB Loan Against Property EMI schedule for 20 years is explained below in the table –

    Amortization Schedule for a Loan Against Property of ₹ 15 Lakh over the 20 years

    Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
    2021 ₹ 94,525 ₹ 17,330 ₹ 1,11,856 ₹ 14,82,670
    2022 ₹ 1,39,650 ₹ 28,134 ₹ 1,67,784 ₹ 14,54,536
    2023 ₹ 1,36,857 ₹ 30,926 ₹ 1,67,784 ₹ 14,23,609
    2024 ₹ 1,33,788 ₹ 33,996 ₹ 1,67,784 ₹ 13,89,614
    2025 ₹ 1,30,414 ₹ 37,370 ₹ 1,67,784 ₹ 13,52,244
    2026 ₹ 1,26,705 ₹ 41,079 ₹ 1,67,784 ₹ 13,11,166
    2027 ₹ 1,22,628 ₹ 45,155 ₹ 1,67,784 ₹ 12,66,010
    2028 ₹ 1,18,147 ₹ 49,637 ₹ 1,67,784 ₹ 12,16,373
    2029 ₹ 1,13,220 ₹ 54,563 ₹ 1,67,784 ₹ 11,61,810
    2030 ₹ 1,07,805 ₹ 59,979 ₹ 1,67,784 ₹ 11,01,831
    2031 ₹ 1,01,852 ₹ 65,931 ₹ 1,67,784 ₹ 10,35,900
    2032 ₹ 95,309 ₹ 72,475 ₹ 1,67,784 ₹ 9,63,425
    2033 ₹ 88,116 ₹ 79,668 ₹ 1,67,784 ₹ 8,83,757
    2034 ₹ 80,209 ₹ 87,575 ₹ 1,67,784 ₹ 7,96,182
    2035 ₹ 71,517 ₹ 96,266 ₹ 1,67,784 ₹ 6,99,916
    2036 ₹ 61,963 ₹ 1,05,820 ₹ 1,67,784 ₹ 5,94,095
    2037 ₹ 51,461 ₹ 1,16,323 ₹ 1,67,784 ₹ 4,77,773
    2038 ₹ 39,916 ₹ 1,27,868 ₹ 1,67,784 ₹ 3,49,905
    2039 ₹ 27,225 ₹ 1,40,558 ₹ 1,67,784 ₹ 2,09,347
    2040 ₹ 13,275 ₹ 1,54,508 ₹ 1,67,784 ₹ 54,838
    2041 ₹ 1,090 ₹ 54,838 ₹ 55,928 -₹ 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 15.74% of your EMI has been used to repay the principal amount. This means that the remaining 84.26% of the EMI went into interest payment. Thus, you end up paying only 1.76% of the loan amount of ₹ 15 Lakh after paying 12 EMIs in the first year to PNB.

    In year 20, the interest component of PNB EMI is around 4.96%, while the principal component is around 95.04%. Upto 20 years, you have cumulatively repaid 100% of your total PNB Loan Against Property.

    How to process for Loan Against Property EMI moratorium in PNB?

    After the announcement of RBI on 22nd May 2020, PNB has extended the loan moratorium for the term loans and interest of working capital loans to next three months till August 2020. As a borrower, you have the option to opt-in or opt-out of the moratorium by informing PNB. The interest will continue to accrue on the principal outstanding during this moratorium and the accumulated interest would be added to the principal amount resulting in the extension of loan tenure except in cases where the tenure extension is not possible will increase EMI amount. The moratorium on payment of Loan Against Property EMI’s will not be treated as default and will not have any negative impact on the borrower’s credit score. To know more about the moratorium option, you may contact PNB customer care or its nearest branch.


    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 SBI 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 Loan Against Property EMI change in case of prepayment?

    Similar to all loans, 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 Loan Against Property EMI calculator, calculate Loan Against Property EMI?

    Loan against property 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 Cr, 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.

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    PNB Loan Against Property News - May 2021
    • 2021-02-08 : PNB reported net profit of 506 crores
      PNB posted an 18.5% year-on-year decline in its net profit to Rs 506 crore for the quarter ended December. Further, the bank reported net interest income on the back of retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans at Rs 8,313 crore.
    • 2020-08-25 : PNB to offer one-time loan restructuring option
      Punjab National Bank is planning to provide a one-time loan restructuring window to corporate and retail loans like home, personal, gold, two-wheeler, car, along with business and mudra loans. The plan is to assist customers whose income has decreased due to COVID-19 pandemic and subsequent lockdown.
    • 2020-08-10 : PNB reports profit in Q1FY21
      Punjab National Bank reported a net profit of Rs.475.19 crores as compared to a net loss of Rs.596.99 crores for the period ended March 31, 2020. The total income of the bank stood at Rs.24727.72 which was bolstered by retail loans like a two-wheeler, home, personal, car, and gold loan along with business and mudra loans.
    • 2019-08-01 : Banks eye retail loans to augment business growth
      Most of the lenders, including SBI, ICICI Bank, and PNB, are eyeing on retail segment loans like home loans, mortgage loans, or personal loans to achieve business growth. The retail lending is up by 50% and is further expected to grow as per the numbers released by the lenders during first quarter.
    • 2019-07-02 : PNB makes home loans cheaper
      Punjab National Bank (PNB) has cut its lending rates by 5 basis points which will make all the loans, including home loans, auto loans, and mortgage loans cheaper. These loans are benchmarked at a one-year MCLR rate, which is 8.40% at present as compared to 8.45% earlier. The rates are effective from July 1, 2019.
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