Calculate Punjab National Bank Home Loan EMI

Total Payments-


Total Interest-
Principal Amount-
Total EMI


View Details
  • Loan Amount
  • Interest Rate
  • Your EMI
  • Tenure
  • ₹50,00,000
  • 8.4%
  • ₹0
  • 30

About PNB Home Loan EMI Calculator

Punjab National Bank Home Loan EMI calculator gives you an idea of the EMI for a given loan amount for a given tenure and rate of interest. Being aware of the PNB Home Loan EMI in advance will help you plan your finances for the future as well so that you can honour the long term commitment promptly till the end. For details about how to use the Punjab National Bank Home Loan EMI calculator, you can read further.

pnb housing home loan

How to use PNB Home Loan EMI Calculator?

EMI is the monthly repayment fixed for a loan. You can calculate the EMI for the loan to be availed based on the interest rate and the tenure. The EMI can be customised according to your affordability. If you can afford a higher EMI, you can opt for a shorter tenure and reduce the cost of the loan. The  PNB Home Loan Interest Rate EMI calculator basically gives you an idea in advance about your future long term commitment.

Have a look at how to use the Punjab National Bank Home Loan EMI calculator:

  • Access the official website www.pnbhousing.com
  • To the extreme right of the screen, you will find the option ‘tools and calculators’
  • Under the ‘tools and calculators’ option, choose ‘home loan EMI calculator
  • Enter the desired amount, tenure and rate of interest by dragging the slider tab
  • The EMI will be calculated immediately. 
  • It will also show the overall interest to be paid for the given tenure.
  • There will also be an amortisation schedule that will give the break up of the interest and principal apportionment for the entire tenure.

Punjab National Bank Home Loan Interest Calculator Formula

All banks and NBFCs follow a general formula for Calculation of Home Loan EMI interest. The formula is E = P x r x ( 1 + r )n / ( ( 1 + r )n - 1 ) where

E is the EMI

P is the principal

R is the rate of interest

N is the tenure 

The PNB home loan interest rate 2024 EMI calculator break up calculates the EMI for a given amount, tenure and rate of interest and calculates the overall interest for a given tenure. You can adjust the loan quantum and term to arrive at the EMI that does not stretch beyond your means. The longer tenure higher will be the interest cost and vice versa. If you have chosen a longer tenure initially, you need not worry that the interest cost is high. You can work on reducing the interest cost by making periodical prepayments whenever possible. You can also study the impact on the interest cost by making such prepayments using the home loan EMI Calculator.

Benefits of Punjab National Bank Home Loan EMI Calculator

Realising the dream of owning a home is a very challenging one considering the humongous amount involved. It is not everyone’s cup of tea to invest such a large amount in one go or make a cash payment for the purchase of a dream home. It is here that the banks and NBFCs play the most significant role in helping you make this dream come true. These financial institutions provide Home Loans at Affordable Interest Rates with a long term repayment. They offer highly flexible repayment terms of up to 30 years. But to be able to honour the long term commitment seamlessly, you should be aware of the monthly inclusion to your budget. The home loan EMI calculators provided by the banks and NBFCs will give you an idea of monthly EMI for a loan amount, tenure, and interest rate to make an informed decision. The various benefits of the Punjab National Bank Home Loan EMI calculator are:

  • The formula for the EMI calculation is a complicated one and will take a long time if done manually. Also, manual calculations could have errors. But with the online home loan EMI calculators, the calculation can be done within minutes with 100% accuracy.
  • You will be able to do the calculation several times to arrive at the EMI that is within your reach and does not imbalance your financial status.
  • You can also compare the EMI of different financial institutions and go for the deal that best suits you.
  • You can also negotiate the interest rate with the lender so as to customise the EMI.
  • The amortisation schedule gives you an idea of the stage at which you will have to start making prepayments to reduce the overall cost of the loan.

With a calculated decision, you will be ready to set out to make the dream of owning a home come true.

Why should you use PNB Home Loan EMI Calculator?

There are various things that depend on your monetary status. Your Home Loan Eligibility, the down payment requirement and the budget available for investment in the property all depend on the monthly commitment that you will be able to accept. The Punjab National Bank Home Loan EMI calculator will help you in the following ways to decide on the cost of the property that you propose to invest in

  • It gives accurate EMI value within minutes. If calculation is done using the Punjab National Bank Home Loan EMI calculator, there will be no scope for errors. The manual calculation can be very cumbersome and time-consuming and cannot be completely error-free. You cannot rely completely on the manually Calculated EMI to plan your finances.
  • Knowing the EMI in advance will give you an idea about the amount you can borrow from the bank. You can decide the range within which you can look for a property depending on the down payment you can afford. The loan amount and the down payment will be the deciding factor for an affordable budget for the proposed property.
  • The amortisation schedule will give you a break up of the apportionment of the EMI towards the interest and the principal. Initially, the principal amount will be bulky, and so will the interest be. The adjustment towards the interest will be higher in the initial years. So you can plan for prepayments during the initial years for reducing the principal. With reduced principal, the interest will also decrease, and the cost of the loan will come down.
  • After ascertaining the EMI for a given interest rate, you can even 

Additional Info: Check 30 Lakh Home Loan EMI Apply Online.

Comparison of PNB Home Loan EMI with other Popular Banks

Home Loans are available at competitive interest rates. Before Applying for a Home Loan, you should compare the EMI for the different interest rates prevailing in the market to gain the advantage of the best deal. The list comparing the EMI of PNB Home loans with other popular banks is given below for your convenience. The tenure considered to calculate the EMI is 25 years.

Name of the BankInterest RateEMI for Rs. 1.00 lakhEMI for Rs. 5.00 lakhsEMI for Rs. 15.00 lakhs
Punjab National Bank8.40% - 10.25%Rs. 762Rs. 3,809Rs. 11,428
Central Bank of India8.50% - 9.50%Rs. 762Rs. 3,809Rs. 11,428
LIC Housing8.50%Rs. 762Rs. 3,809Rs. 11,428
Union Bank of India8.35%Rs. 762Rs. 3,809Rs. 11,428
HDFC Bank8.75% - 9.65%Rs. 769Rs. 3,845Rs. 11,534

You can study the comparison and calculate the overall cost of the loan. You can choose the deal that balances the EMI with your monthly budget. You can also calculate the EMI for different tenure and loan amounts according to your requirement. The interest rate is the one that you will have to be more focused on, as even a small difference can impact the overall cost of the loan considerably.

Additional Info: Also Check Best Banks for Home Loan in India in 2024

PNB Home Loan EMI Calculator to Estimate the EMI That Fits Your Budget

Home Loan repayment is a long-term commitment. If it has to be serviced seamlessly to avoid future complications, arriving at an EMI that fits your budget is essential. You can do the calculation with the PNB Home Loan Interest rate 2024 EMI calculator to get 100% accurate results. 

EMI missouts are not a good indication. They can scale down your credit score as well as your reputation as a borrower. Once the credibility is lost, it becomes difficult for you to avail yourself of any future loans. Banks and other financial institutions will be sceptical when they have to provide financial assistance to a high-risk borrower. To avoid such aftermaths, you should honour your commitment towards the repayments promptly. By balancing the loan amount with the EMI that fits your budget, you can prevent such a fiasco. 

Punjab National Bank Home Loan Calculator can help you make the calculation to arrive at the EMI that fits your pocket. You can try multiple variations by changing the loan amount and tenure to arrive at the desirable EMI.

Factors affecting the PNB Home Loan EMI

The three main factors that affect the PNB Home Loan are the rate of interest, loan amount and tenure. The impact of the various factors is given below.

Rate of interest: You can either avail of the home loan on a floating rate of interest or a fixed interest rate. If the loan is availed at a fixed rate, the EMI will remain constant till the fixed rate is reset. Whereas if availed of on a floating rate of interest, the EMI will fluctuate with the interest rate. If the interest rate is higher, then the EMI will be higher, and the EMI will be lower when the interest rate is lower. Banks give you the option of keeping the EMI constant by opting for extension of tenure when the EMI increases and reduction of tenure whenever the EMI decreases.

Tenure: The maximum loan term offered by PNB for the home loan is 30 years. If you opt for the longest term, the EMI will be the lowest. If you have a higher income and can afford a higher EMI, then you can opt for a shorter term. The longer the term, the higher will be the overall cost of the loan and vice versa. Even if you initially opted for a longer-term, you can reduce the tenure by making periodical prepayments.

Loan amount: If you can make a higher down payment and reduce the LTV cost, you will be benefitted in two ways. The overall cost of the loan will be reduced since you can negotiate for the lowest rate of interest. The lending risk reduces for the bank when the stake is reduced, and so you can expect concessions in other rates too apart from the interest rate like the processing fees, prepayment fees, etc.

Additional Info: Looking for Rs. 1 Crore Home Loan EMI? Check EMI & Apply.

What the Home  Loan EMI calculator cannot tell you

The Home Loan EMI calculator considers only the rate of interest while calculating the overall cost of the loan. But there are other charges that contribute to the overall cost, and the home loan calculator cannot tell you about that. The other charges are:

Processing charges: A processing charge at 0.50% to 2% of the loan amount will be charged at the time of disbursing the loan or at the time of accepting the loan application. 

Prepayment charges: Prepayment charges are nil for loans availed by individuals at a floating rate of interest. But charges are collected at 2% to 4% of the loan amount for loans availed by non-individuals and loans availed by individuals at a fixed rate of interest. If the prepayment of the loan availed by the individuals at a floating rate is by way of a balance transfer, then the prepayment charges are applicable.

Legal fee: To ascertain the marketability of title deeds, scrutiny of the property documents will be done by a panel advocate. Legal fees at actuals for such scrutiny will be collected.

Valuation fee: A panel valuer will be doing the valuation of the property, and the charges for the valuation at actuals will be collected.

Tip: 50 Lakh Home Loan EMI Interest Rate 2024 before applying for a loan

Amortization Table

YearOpening BalanceAmount paid by customer (EMI*12)Interest paid during the yearPrincipal paid during the yearClosing Balance

Punjab National Bank Home Loan EMI Calculator FAQs

✅ Why should the EMI be calculated before applying for the loan?


To get an idea about the loan amount in proportion to the affordable EMI, you should calculate the EMI beforehand so that you can make calculated decisions to plan your finances even before going for the loan.

✅ What are the components required to calculate the EMI?


The components required to calculate the EMI are the loan amount, tenure and the rate of interest.

✅ What is an amortisation schedule?


An amortisation schedule is a chart that gives the breakup of apportionment made towards the interest and the principal out the EMI for the entire tenure. This helps you decide the stage at which the periodical part prepayments can make a difference to the loan cost.

✅ How does a slight difference in the rate of interest impact the overall cost of the loan?


Let us compare the overall cost of Rs. 5.00 lakh loan availed at 8.60% for a period of 25 years. The EMI for the loan availed of at 8.60% is Rs. 4,060, and for the loan availed at 8.65%, it is Rs. 4,077. The difference of Rs. 17 seems very low.

✅ Does prepayment impact the EMI of PNB Home Loan?


Yes. The EMI will reduce when you make prepayments to PNB Home loan. But if you opt for keeping the EMI constant then, the tenure will decrease, and you will be able to close the home loan before maturity.