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PNB Housing Finance Loan Against Property EMI Calculator

PNB Housing Finance Mortgage Loan EMI 2022

Last Updated 21st Jan 2022

Get monthly EMI as low as ₹ 884 per lakh on PNB Housing Finance loan against property. Mortgage loan EMI in PNB Housing Finance depends upon the type of property (residential, commercial, industrial), occupation (businessmen, self employed, salaried), loan amount, loan tenure and interest rate. Check Best Offers.

  • Use PNB Housing Finance mortgage loan calculator to evaluate your EMI before applying for a loan.
  • Check PNB Housing Finance property loan EMI for different tenures at the current rate of 8.75%
Loan Amount5 Year Loan7 Year loan20 Year loan
₹ 10 Lakh₹ 20,637₹ 15,962₹ 8,837
₹ 25 Lakh₹ 51,593₹ 39,906₹ 22,093
₹ 40 Lakh₹ 82,549₹ 63,850₹ 35,348
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Loan Against Property EMI Calculator PNB Housing Finance

You can calculate your PNB Housing Finance loan against property EMI in advance to plan your expenses using a PNB Housing Finance mortgage loan calculator. PNB Housing Finance loan against property EMI calculator is an online tool that gives accurate results without hassle.

Why should you use PNB Housing Finance Loan Against Property EMI Calculator?

  • Calculate the EMI at Different Tenures : With PNB Housing Finance 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 Housing Finance loan against property to calculate the EMI. As per the current rates, PNB Housing Finance offers the lowest EMI per lakh of ₹ 884 at 8.75 %
  • Compare PNB Housing Finance 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 Housing Finance loan EMI Calculator. On the basis of PNB Housing Finance Loan against property EMI, you can choose the most affordable offer.
  • Get Detailed Amortisation Schedule : PNB Housing Finance 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 Housing Finance 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.

PNB Housing Finance Mortgage Loan EMI Calculator to estimate the EMI that fits your budget

To calculate the EMI against PNB Housing Finance EMI loan against property at different rates and tenure, enter different loan amounts and tenure at the eligible interest rate on the PNB Housing Finance Loan against property EMI calculator. The table below shows the PNB Housing Finance EMI calculation at the various combinations of loan amount and years at the lowest rate of 8.75%.

PNB Housing Finance Loan against property EMI is calculated for different loan amounts and tenures at 8.75% interest rate

Loan Tenure
Loan Amount (Rs.)10 years15 years20 years
EMI on ₹ 15,00,000 ₹ 18,799 ₹ 14,992 ₹ 13,256
EMI on ₹ 25,00,000 ₹ 31,332 ₹ 24,986 ₹ 22,093
EMI on ₹ 40,00,000 ₹ 50,131 ₹ 39,978 ₹ 35,348
EMI on ₹ 60,00,000 ₹ 75,196 ₹ 59,967 ₹ 53,023

Factors Affecting PNB Housing Finance Property Loan EMI

You can calculate PNB Housing Finance 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.

Loan Amount

If you apply for a higher loan amount, you will have to pay a higher EMI on loan against property. You can avail of PNB Housing Finance loan against property for an amount ranging between ₹ 20,00,000 to ₹ 5,00,00,000.

Interest Rate

A higher interest rate increases your PNB Housing Finance loan against property EMI, increasing the total cost of the loan. As per the current rates, PNB Housing Finance provides loan against property at rates starting at 8.75%. Before applying for a loan, you must compare LAP rates and calculate EMI online using PNB Housing Finance loan against property loan calculator.

Loan Tenure

Your EMI will be lower if you avail mortgage loan for a maximum tenure of 20 years, and similarly, you will have to pay a higher EMI if your tenure is shorter.

Comparison of PNB Housing Finance Loan Against Property EMI with other Banks

Bank Name Interest rate Loan Amount of ₹ 10 Lakh Loan Amount of ₹ 30 Lakh Loan Amount of ₹ 50 Lakh
PNB Housing Finance 8.75% ₹ 8,837 ₹ 26,511 ₹ 44,186
Axis Bank 8.75% ₹ 9,994 ₹ 29,983 ₹ 49,972
HDFC 8.75% ₹ 9,994 ₹ 29,983 ₹ 49,972
Bank of India 8.85% ₹ 11,296 ₹ 33,888 ₹ 56,480
Punjab and Sind Bank 8.90% ₹ 11,324 ₹ 33,972 ₹ 56,620
Yes Bank 8.95% ₹ 10,113 ₹ 30,339 ₹ 50,565
Bajaj Home Finance 9.00% ₹ 8,997 ₹ 26,992 ₹ 44,986
Jammu And Kashmir Bank 9.20% ₹ 16,191 ₹ 48,572 ₹ 80,954
Edelweiss 9.25% ₹ 10,292 ₹ 30,876 ₹ 51,460
Karur Vysya Bank 9.25% ₹ 13,676 ₹ 41,027 ₹ 68,379
UCO Bank 9.45% ₹ 11,635 ₹ 34,906 ₹ 58,176

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 ₹ 25 Lakh from PNB Housing Finance for 15 years at an interest rate of 8.75%, the EMI calculated for this loan amount would be ₹ 24,986 and the total annual EMIs to be paid annually is ₹ 2,99,835. The PNB Housing Finance Loan Against Property EMI schedule for 15 years is explained below in the table –

Amortization Schedule for a Loan Against Property of ₹ 25 Lakh over the 15 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2022 ₹ 2,15,418 ₹ 84,417 ₹ 2,99,835 ₹ 24,15,583
2023 ₹ 2,07,728 ₹ 92,107 ₹ 2,99,835 ₹ 23,23,476
2024 ₹ 1,99,337 ₹ 1,00,497 ₹ 2,99,835 ₹ 22,22,979
2025 ₹ 1,90,182 ₹ 1,09,652 ₹ 2,99,835 ₹ 21,13,327
2026 ₹ 1,80,194 ₹ 1,19,641 ₹ 2,99,835 ₹ 19,93,686
2027 ₹ 1,69,295 ₹ 1,30,540 ₹ 2,99,835 ₹ 18,63,146
2028 ₹ 1,57,403 ₹ 1,42,432 ₹ 2,99,835 ₹ 17,20,714
2029 ₹ 1,44,428 ₹ 1,55,406 ₹ 2,99,835 ₹ 15,65,308
2030 ₹ 1,30,271 ₹ 1,69,563 ₹ 2,99,835 ₹ 13,95,745
2031 ₹ 1,14,825 ₹ 1,85,010 ₹ 2,99,835 ₹ 12,10,735
2032 ₹ 97,971 ₹ 2,01,863 ₹ 2,99,835 ₹ 10,08,871
2033 ₹ 79,582 ₹ 2,20,252 ₹ 2,99,835 ₹ 7,88,619
2034 ₹ 59,518 ₹ 2,40,316 ₹ 2,99,835 ₹ 5,48,303
2035 ₹ 37,626 ₹ 2,62,208 ₹ 2,99,835 ₹ 2,86,094
2036 ₹ 13,740 ₹ 2,86,094 ₹ 2,99,835 ₹ 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 28.15% of your EMI has been used to repay the principal amount. This means that the remaining 71.85% of the EMI went into interest payment. Thus, you end up paying only 3.38% of the loan amount of ₹ 25 Lakh after paying 12 EMIs in the first year to PNB Housing Finance.

In year 15, the interest component of PNB Housing Finance EMI is around 4.58%, while the principal component is around 95.42%. Upto 15 years, you have cumulatively repaid 100% of your total PNB Housing Finance Loan Against Property.

PNB Housing Finance Loan Against Property EMI for ₹ 10 Lakh

The following table shows EMI on PNB Housing Finance loan against property for ₹ 10,00,000 for different tenures at an interest rate of 8.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 10,00,000 8.75% 5 Years ₹ 20,637
₹ 10,00,000 8.75% 10 Years ₹ 12,533
₹ 10,00,000 8.75% 12 Years ₹ 11,240
₹ 10,00,000 8.75% 20 Years ₹ 8,837

PNB Housing Finance Loan Against Property EMI for ₹ 25 Lakh

The following table shows PNB Housing Finance loan against property EMI for ₹ 25,00,000 for different tenures at an interest rate of 8.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 25,00,000 8.75% 5 Years ₹ 51,593
₹ 25,00,000 8.75% 10 Years ₹ 31,332
₹ 25,00,000 8.75% 12 Years ₹ 28,100
₹ 25,00,000 8.75% 20 Years ₹ 22,093

PNB Housing Finance Mortgage Loan EMI for ₹ 30 Lakh

The following table shows PNB Housing Finance loan against property EMI for ₹ 30,00,000 for different tenures at an interest rate of 8.75%

Loan Amount Interest rate Tenure (Year) EMI
₹ 30,00,000 8.75% 5 Years ₹ 61,912
₹ 30,00,000 8.75% 10 Years ₹ 37,598
₹ 30,00,000 8.75% 12 Years ₹ 33,720
₹ 30,00,000 8.75% 20 Years ₹ 26,511

FAQs

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 PNB Housing Finance 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 PNB Housing Finance Loan Against Property EMI change in case of prepayment?

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

PNB Housing Finance 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 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 ₹ 5,00,00,000, 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.

How to pay your PNB Housing Finance Mortgage loan EMI Online?

You can pay the PNB Housing Finance 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 Housing Finance branch to submit the cheque of your EMI.

What is the EMI for ₹ 10 Lakh mortgage loan in PNB Housing Finance?

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 8.75% 5 years ₹ 20,637
₹ 10 Lakh 8.75% 10 years ₹ 12,533
₹ 10 Lakh 8.75% 12 years ₹ 11,240
₹ 10 Lakh 8.75% 20 years ₹ 8,837

How is PNB Housing Finance loan against property EMI calculated?

You can calculate PNB Housing Finance LAP EMI using the mathematical formula mentioned below or using an online PNB Housing Finance 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 Housing Finance?

To determine different Loan against property EMI PNB Housing Finance 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 8.75% 5 years ₹ 41,274
₹ 20 Lakh 8.75% 10 years ₹ 25,065
₹ 20 Lakh 8.75% 12 years ₹ 22,480
₹ 20 Lakh 8.75% 20 years ₹ 17,674

What is the EMI for ₹ 30 Lakh mortgage loan in PNB Housing Finance?

To determine different PNB Housing Finance EMI for different tenures, you can use a 30 lakh loan against property EMI Calculator.

Loan amount Interest rate Tenure EMI
₹ 30 Lakh 8.75% 5 years ₹ 61,912
₹ 30 Lakh 8.75% 10 years ₹ 37,598
₹ 30 Lakh 8.75% 12 years ₹ 33,720
₹ 30 Lakh 8.75% 20 years ₹ 26,511

What is the EMI for ₹ 50 Lakh mortgage loan in PNB Housing Finance?

To estimate PNB Housing Finance 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 8.75% 5 years ₹ 1,03,186
₹ 50 Lakh 8.75% 10 years ₹ 62,663
₹ 50 Lakh 8.75% 12 years ₹ 56,200
₹ 50 Lakh 8.75% 20 years ₹ 44,186


PNB Housing Finance Loan Against Property Reviews 4.2/5  by 20 customers
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Swastik, Mumbai
Reviewed on 17th Aug 2021
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PNB Housing Finance Loan Against Property Availed in Aug 2021

Very good service, provided timely confirmation. Received multiple bank options. Read more...

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Reviewed on 25th Jan 2021
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PNB Housing Finance Loan Against Property Availed in Oct 2020

My LAP loan sanctioned in super fast time. Excellent service.Read more...

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PNB Housing Finance Loan Against Property Availed in Mar 2020

Services were excellent and quick. I will surely recommend the same to my friends also.Read more...

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Reviewed on 03rd Feb 2020
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PNB Housing Finance Loan Against Property Availed in Jan 2020

I applied for a loan through MyLoanCare. Mr.Nitin was my executive and I am happy with the overall eRead more...

RAJ RANGARAJ, Bangalore
Reviewed on 25th Nov 2019
5 / 5 stars
PNB Housing Finance Loan Against Property Availed in Sep 2019

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The service was very satisfying, excellent response from both the side. Will refer to my friend.Read more...

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PNB Housing Finance Loan Against Property Availed in Jan 2019

Very helpful employees and they give proper guidance and loan was also given at very good interest rRead more...

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Reviewed on 20th Dec 2018
3 / 5 stars
PNB Housing Finance Loan Against Property Availed in Dec 2018

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PNB Housing Finance Loan Against Property News - Jan 2022
  • 2021-07-09 : PNB Asks PNB Housing Finance To Restructure Fundraising Plan
    Government-owned Punjab National Bank has written to PNB Housing Finance Ltd, asking it to consider restructuring the Rs 4,000-crore fundraising plan which involves Home Loan and Loan Against Property. The fundraising plan announced on May 31, would have pruned PNB stake in the housing finance company to around 20% from 32.6% currently and raised the shareholding of private equity firm Carlyle to over 50%.
  • 2021-07-05 : PNB Housing Finance - LAP interest rates revised
    PNB Housing Finance revised its interest rates on Loan Against Property. With effect from July 01, 2021, the ROI is 9.50%-10.65%, while the processing fees is kept at 0.75% of the loan amount.
  • 2021-04-30 : PNB Housing Finance posted ₹127-cr net profit in Q4
    PNB Housing Finance reported a consolidated net profit of Rs 127 crore in Q4 backed by retail loans like home, personal, LAP, two-wheeler, car, education and doctor loan along with deposits which include fixed and recurring deposits. Total income during January-March was down at Rs 1,834 crore from Rs 1,952 crore in the same period of 2019-20. Interest income dropped over 7% at Rs 1,670 crore during the quarter as against Rs 1,803 crore a year earlier.
  • 2021-03-01 : PNBHFL cut its home loan rates to 7.35%
    PNBHFL reduced its home loan rates to 7.35%. The revised rates for home loan will be effective from 25th February 2021.
  • 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.
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