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PNB Loan Against Property EMI Calculator

Last Updated 24th Apr 2018

Get monthly EMI as low as Rs. 1,316 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.

PNB Mortgage Loan EMI

Loan Amount5 year loan7 year loan10 year loan
Rs. 25 LakhRs. 51,291 Rs. 39,591 Rs. 30,996
Rs. 50 LakhRs. 1.03 LakhRs. 79,182 Rs. 61,993
Rs. 75 LakhRs. 1.54 LakhRs. 1.19 LakhRs. 92,989
Rs. 1 CrRs. 2.05 LakhRs. 1.58 LakhRs. 1.24 Lakh
PNB Mortgage Loan Rates
PNB Mortgage Loan Eligibility
Loan Against Property EMI Calculator
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Loan Against Property EMI Calculator PNB

  • 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 10 years at attractive interest rates starting is 9.90%, your EMI can be as low as Rs. 1,316 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.

Frequently Asked Questions

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.
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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.

Compare Loan Against Property EMI of All Banks

Related Topics
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PNB Loan Against Property News - Apr 2018
  • 2018-03-31 : PNB Q3 profit rises 11% loan growth at 17%, asset quality improves
    Punjab National Bank reported third quarter where asset quality improved sequentially. Profit growth was recorded 11 percent at Rs 230.11 crore and net interest income growth of 7 percent at Rs 3,989 crore year-on-year. 
  • 2017-12-11 : Indian housing finance companies exposed to competition from PSU banks
    With salaried home loans and large ticket loan-against property segments being the most exposed, Indian housing finance companies see near-term headwinds. LIC Housing Finance Ltd., has a higher share of salaried home loans(83 percent) and is the most likely to be expanded. PNB Housing Finance Ltd. and Repco Home Finance Ltd. have a higher share of non-salaried loans at nearly 40 percent may be less impacted.
  • 2017-10-28 : Portfolio mix remains same as in FY17: PNB Housing
    PNB Housing Finance has reported a good quarter and the stock is also higher in trade. Portfolio mix remained the same in first half of FY18 as it was in FY17, reporting portfolio growth across segments in Q2. About 60 percent of housing financing sector belongs to banks and 40 percent to housing finance companies (HFC) and PNB housing loans are at 59 percent and loan against property (LAP) is about 16 percent of the book.
  • 2017-03-10 : PNB plans to sell bad loans of Rs. 1,800 crore to ARC in March, 2017
    Punjab National Bank has identified non- performing loan accounts of Rs. 1,800 across various loan segments such as property loan, personal loan and business loans and is planning to sell these assets to Asset Reconstruction Companies (ARCs) in March 2017. The bank had recovered Rs. 1,600 crore by selling bad debts to ARCs during 2016- 17. PNB has also managed to recover dues of Rs. 937 crore in cash after its asset quality management exercise during the third quarter of FY17.
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