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Punjab and Sind Loan Against Property EMI Calculator

Punjab and Sind Bank Mortgage Loan EMI

Last Updated 16th Feb 2021

Get monthly EMI as low as ₹ 1,132 per lakh on Punjab and Sind Bank loan against property. Mortgage loan EMI in Punjab and Sind Bank 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 loan12 Year loan
₹ 20 Lakh₹ 41,420₹ 32,077₹ 22,648
₹ 30 Lakh₹ 62,130₹ 48,115₹ 33,972
₹ 50 Lakh₹ 1,03,549₹ 80,192₹ 56,620
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    Loan Against Property EMI Calculator Punjab and Sind Bank

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

    Punjab and Sind 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 Punjab and Sind for 15 years at an interest rate of 8.90%, the EMI calculated for this loan amount would be ₹ 15,125 and the total annual EMIs to be paid annually is ₹ 1,81,499. The Punjab and Sind Loan Against Property EMI schedule for 15 years is explained below in the table –

    Amortization Schedule for a Loan Against Property of ₹ 15 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
    2021 ₹ 99,038 ₹ 37,086 ₹ 1,36,124 ₹ 14,62,914
    2022 ₹ 1,28,054 ₹ 53,445 ₹ 1,81,499 ₹ 14,09,470
    2023 ₹ 1,23,099 ₹ 58,400 ₹ 1,81,499 ₹ 13,51,070
    2024 ₹ 1,17,684 ₹ 63,815 ₹ 1,81,499 ₹ 12,87,255
    2025 ₹ 1,11,767 ₹ 69,732 ₹ 1,81,499 ₹ 12,17,523
    2026 ₹ 1,05,301 ₹ 76,198 ₹ 1,81,499 ₹ 11,41,325
    2027 ₹ 98,236 ₹ 83,263 ₹ 1,81,499 ₹ 10,58,062
    2028 ₹ 90,516 ₹ 90,983 ₹ 1,81,499 ₹ 9,67,079
    2029 ₹ 82,079 ₹ 99,419 ₹ 1,81,499 ₹ 8,67,659
    2030 ₹ 72,861 ₹ 1,08,638 ₹ 1,81,499 ₹ 7,59,022
    2031 ₹ 62,788 ₹ 1,18,711 ₹ 1,81,499 ₹ 6,40,311
    2032 ₹ 51,781 ₹ 1,29,718 ₹ 1,81,499 ₹ 5,10,593
    2033 ₹ 39,753 ₹ 1,41,745 ₹ 1,81,499 ₹ 3,68,848
    2034 ₹ 26,610 ₹ 1,54,888 ₹ 1,81,499 ₹ 2,13,960
    2035 ₹ 12,249 ₹ 1,69,250 ₹ 1,81,499 ₹ 44,710
    2036 ₹ 665 ₹ 44,710 ₹ 45,375 -₹ 0

    Each Punjab and Sind 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 27.55% of your EMI has been used to repay the principal amount. This means that the remaining 72.45% of the EMI went into interest payment. Thus, you end up paying only 3.33% of the loan amount of ₹ 15 Lakh after paying 12 EMIs in the first year to Punjab and Sind.

    In year 15, the interest component of Punjab and Sind EMI is around 4.66%, while the principal component is around 95.34%. Upto 15 years, you have cumulatively repaid 100% of your total Punjab and Sind Loan Against Property.

    How to process for Loan Against Property EMI moratorium in Punjab and Sind Bank?

    After the announcement of RBI on 22nd May 2020, Punjab and Sind Bank 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 Punjab and Sind Bank. 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 Punjab and Sind Bank customer care or its nearest branch.


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

    Punjab and Sind 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 Punjab and Sind Bank 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, Punjab and Sind Bank 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 Punjab and Sind Bank, 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 Punjab and Sind Bank 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.
    • Punjab and Sind Bank 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 Punjab and Sind Bank?

    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. Punjab and Sind Bank assesses the property before approving your mortgage loan application.

    Punjab and Sind Loan Against Property News - Apr 2021
    • 2021-02-05 : Punjab and Sind Bank reported a loss of Rs. 2375 crores
      Punjab & Sind Bank net loss in December quarter 2020-21 spiralled to Rs 2,375.53 crore on higher provisions for bad loans. Total income fell to Rs 1,982.52 crore from Rs 2,077.01 crore in the same period of 2019-20. Further, Net income fell 9.1% to Rs 1,763.10 crore and income on investments was down 12.1% to Rs 455.42 crore.
    • 2019-07-25 : Punjab and Sind Bank eyes for expansion in eastern states
      Public sector lender, Punjab and Sind Bank is looking to scale up its presence in the eastern states of Bihar, West Bengal, and Jharkhand. The lender has plans to open more number of bank branches in these regions to step up its retail loan business, including home loans and mortgage loans. Apart from this, the lender will also aim to offer improvised services to its customers, including lockers and digital banking facilities.
    • 2019-07-02 : Punjab & Sind Bank centralizes MSME, retail loan approvals
      Punjab & Sind Bank has set up the Centralised MSME & Retail Group (Cen-MARG) for credit facilities at its head office. Now, all MSME and retail credit approvals will be performed at this centralized setup. This initiative by the lender will help boost lead generation for retail and MSME lending and enhanced customer service.
    • 2019-04-18 : Punjab & Sind Bank revises MCLR by 5 basis points
      Punjab & Sind Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenors for the month of April. The move is supposed to make home loans and mortgage loans cheaper. Now for overnight, the MCLR stands at 8.35% as compared to 8.30% earlier while for 1 month, the rate has been revised to 8.45% from 8.40% respectively and for 1 year the rate now stands at 8.85% from 8.80% earlier. The revised rates are effective from April 18, 2019. Further, the base rate at 9.70% and BPLR at 14.00% remains unchanged.
    • 2019-01-07 : Government merges three regional rural banks
      The government has announced the merger of three Regional Rural Banks namely Punjab Gramin Bank, Malwa Gramin Bank, and Sutlej Gramin Bank, into a single RRB with effect from January 1, 2019. The decision was taken by the central government after consultation with the National Bank for Agriculture and Rural Development (NABARD), the Government of Punjab, Punjab National Bank, State Bank of India, and Punjab & Sind Bank.
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