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PNB Housing Finance Loan Against Property EMI Calculator

PNB Housing Finance Mortgage Loan EMI

Last Updated 10th Sep 2020

Get monthly EMI as low as ₹ 952 per lakh on PNB Housing Finance loan against property. Mortgage loan EMI in PNB Housing Finance 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 loan20 Year loan
₹ 10 Lakh₹ 21,149₹ 16,498₹ 9,518
₹ 25 Lakh₹ 52,872₹ 41,245₹ 23,795
₹ 40 Lakh₹ 84,595₹ 65,992₹ 38,072
Loan Against Property EMI Calculator
Lowest Interest Rate
Best Offers on Loan Against Property offerOffers
Bank/NBFCs Rate* EMI per Lakh* Action
SBI8.80%₹ 1,002Check Eligibility
Citibank8.45%₹ 982Check Eligibility
HDFC8.75%₹ 999Check Eligibility

* Starting From

Loan Against Property EMI Calculator PNB Housing Finance

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

PNB Housing Finance 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 ₹ 10 Lakh from PNB Housing Finance for 5 years at an interest rate of 9.80%, the EMI calculated for this loan amount would be ₹ 21,149 and the total annual EMIs to be paid annually is ₹ 2,53,785. The PNB Housing Finance Loan Against Property EMI schedule for 5 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 10 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
2020 ₹ 32,027 ₹ 52,568 ₹ 84,595 ₹ 9,47,432
2021 ₹ 85,419 ₹ 1,68,366 ₹ 2,53,785 ₹ 7,79,066
2022 ₹ 68,158 ₹ 1,85,628 ₹ 2,53,785 ₹ 5,93,438
2023 ₹ 49,126 ₹ 2,04,659 ₹ 2,53,785 ₹ 3,88,779
2024 ₹ 28,144 ₹ 2,25,641 ₹ 2,53,785 ₹ 1,63,138
2025 ₹ 6,052 ₹ 1,63,138 ₹ 1,69,190 -₹ 0

Each PNB Housing Finance 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 64.22% of your EMI has been used to repay the principal amount. This means that the remaining 35.78% of the EMI went into interest payment. Thus, you end up paying only 16.3% of the loan amount of ₹ 10 Lakh after paying 12 EMIs in the first year to PNB Housing Finance.

In year 5, the interest component of PNB Housing Finance EMI is around 5.11%, while the principal component is around 94.89%. Upto 5 years, you have cumulatively repaid 100% of your total PNB Housing Finance Loan Against Property.

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

After the announcement of RBI on 22nd May 2020, PNB Housing Finance 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 Housing Finance. 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 Housing Finance customer care or its nearest branch.


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

PNB Housing Finance 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 Housing Finance 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 Housing Finance 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 Housing Finance, 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 Housing Finance 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 Housing Finance 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 Housing Finance?

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 60% of the property value. PNB Housing Finance assesses the property before approving your mortgage loan application.

PNB Housing Finance Loan Against Property Reviews 4.1/5  by 18 customers
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Madhavi Meegada, Bangalore
Reviewed on 11th Sep 2018
4 / 5 stars
PNB Housing Finance Loan Against Property Availed in Sep 2018

Got good help from MyLoanCare representative Nitin Sagar in each and every step.Read more...

Geeta Potti, Mumbai
Reviewed on 20th Aug 2018
3 / 5 stars
PNB Housing Finance Loan Against Property Availed in Jul 2018

Good options and recommendations provided by MyLoanCare and they did good follow up too, both with tRead more...

Geeta Potti, Mumbai
Reviewed on 09th Aug 2018
3.5 / 5 stars
PNB Housing Finance Loan Against Property Availed in Jul 2018

The service of MyLoanCare was good. Professional approach. Regularly followed up and updated on the Read more...

Sangeeta Arora, Delhi
Reviewed on 31st Jul 2018
5 / 5 stars
PNB Housing Finance Loan Against Property Availed in Jul 2018

Happy, quick disbursement just amount was a bit low then expected however service is incredibleRead more...

Mitul Lakhani, Pune
Reviewed on 01st Feb 2018
5 / 5 stars
PNB Housing Finance Loan Against Property Availed in Jan 2018

Processing fee was very high for PNBHFL and other charges were also very highRead more...

Sumanth K, Bangalore
Reviewed on 04th Jul 2017
4 / 5 stars
PNB Housing Finance Loan Against Property Availed in Jul-17

Overall Good, loan document verification was done on time and most of the documents were sent onlineRead more...

SwaPnil Dalvi, Thane
Reviewed on 08th May 2017
3.5 / 5 stars
PNB Housing Finance Loan Against Property Availed in May-17

Its good deal with myloancare. Nice service. Over all Good experience with MyLoanCare. This should rRead more...

arun kumar saini, Chandigarh
Reviewed on 28th Apr 2015
3 / 5 stars
PNB Housing Finance Loan Against Property Availed in Mar-17

I have taken my LAP from PNB housing. Their interest rates were comparable with other banks. Also thRead more...

PNB Housing Finance Loan Against Property News - Sep 2020
  • 2019-08-01 : PNB Housing Finance to focus on retail loans in FY20
    One of the leading housing loan providers, PNB Housing Finance is planning to focus on retail loans, including home loans and loans against property in FY20. As per the sources, their retail disbursements have shown a positive trend in Q1 and is further expected to witness steady growth ahead.
  • 2019-07-24 : PNB Housing Finance is looking to raise tier-I capital by issue of equity shares
    In a bid to augment its capital base and support business growth, PNB Housing Finance is looking to raise tier-I capital by issue of equity shares. Also, the lender has plans to achieve significant growth across its retail loan segment including home loans, mortgage loans, and deposits this year.
  • 2019-05-08 : PNB Housing Finance Q4 net jumps 51% at Rs. 380 crores
    One of the leading home loan financiers, PNB Housing Finance has reported a net profit of 51% at Rs. 380 crores for the quarter ended March 31, boosted by strong growth across its retail loans segment including home loans and mortgage loans. In addition, the lender’s Net interest income (NII) for the quarter increased by 13% to Rs. 609 crore.
  • 2019-04-29 : PNB Housing Finance signs deal with CREDAI to upskill construction workers
    In a bid to upgrade the skills of construction workers so that they meet global benchmarks, PNB Housing Finance, leading home loan providers have signed a Letter of Intent (LoI) with the Confederation of Real Estate Developers Association (CREDAI). As a part of this initiative, PNB Housing Finance and CREDAI have collaborated with 8 skill institutes to roll out the programme in select cities across 15 states to train 13,000 construction workers on-site and off-site across India.
  • 2019-04-15 : PNB Housing Finance offers home loans for 30 years at lower EMIs
    One of the leading home loan financiers, PNB Housing Finance has started offering home loans with a longer tenure of up to 30 years as compared to the conventional duration of 20 years earlier. The main reason behind offering longer tenure home loan is to enable home buyers to pay back the borrowed loan in easy EMIs.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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