A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • PNB HFL Home Loan Calculator

    With the PNB Home Loan EMI Calculator, you can easily estimate the monthly repayment amount on your housing loan. The minimum EMI per lakh you get with PNB Housing Finance Limited is Rs.801 for a tenure of 30 years.

    To use the calculator, you need to know the current PNB home loan interest rates, loan amount you are planning to avail, and the tenure. Enter the values and you’ll get a full break-up of your monthly repayments.

    PNB Housing Finance COVID-19 Home Loan EMI Moratorium

    In adherence with RBI's COVID-19 regulatory measures, PNB Housing Finance is currently offering up to 3 months of moratorium to its existing home loan customers. So, if you are an existing customer with the bank, you can defer your home loan EMIs for up to 3 months. However, note that the interest accrued during the deferred period will be charged later and due to compounding interest, you may end up paying more later on.

    You can do your EMI calculations with the help of a home loan EMI calculator to check how much you have to pay after the moratorium period is over. You also have the option to opt out of this facility and continue paying your EMIs as before.

    PNB Housing Loan EMI Calculator 2020

    Calculate Your PNB HFL Home Loan Monthly Repayment

    The table below gives you an idea of the EMIs depending on the loan amount and the tenure:

    Amount→
    Tenure↓
    Rs.10 Lakh Rs.20 Lakh Rs.40 Lakh Rs.50 Lakh
    10 years Rs.12,641/month Rs.25,281/month Rs.50,562/month Rs.63,203/month
    20 years Rs.8,965/month Rs.17,930/month Rs.35,861/month Rs.44,826/month
    30 years Rs.8,010/month Rs.16,021/month Rs.32,041/month Rs.40,051/month

    The table listed above provide the EMIs for a loan amount of Rs.10 lakh, 20 lakh, 40 lakh, and 50 lakh that has a repayment tenure of 10, 20 and 30 years respectively. The interest rate is taken as 8.95% p.a. with the processing fee being nil.

    Calculate Your PNB Housing Loan Monthly Repayment

    Suppose you are applying for the PNB Home Loan scheme at an interest rate of 9% p.a. and a loan amount of Rs.30 lakh, Rs.50 lakh, Rs.70 lakh or Rs.1 crore. Using the Bankbazaar Home Loan EMI Calculator, you can find the EMIs, processing fee and total interest payable on various tenures. In the above example, we’ve kept the processing fee as 0.35% and selected ‘No’ for pre-payments.

    PNB Housing Finance Home Loan interest rates: For salaried professionals, the interest rate ranges between 8.95% and 9.45% p.a. while for self-employed individuals, the rate of interest charged by the lender is between 9.20% and 9.70% p.a. For self-employed professionals, the rate of return ranges between 8.95% to 9.45% p.a.

    PNB Housing Finance Home Loan amount and tenure: The maximum amount of loan you can take is determined by PNB Housing after taking into account income, age, qualification, and occupation. The maximum tenure offered by PNB Housing Finance is 30 years.

    Repayment schedule of your PNB Housing Finance Home Loan: To get to know how repayment works, we’re going to look at an illustration. For this, let’s assume the following inputs:

    Loan amount: Rs.10 lakh
    Interest rate: 8.95% p.a.
    Tenure: 10 years
    Processing fee: Nil
    EMI: Rs.12,641

    The following table shows you how this loan will be distributed over 10 years:

    Year Principal Paid - A (Rs.) Interest Paid - B (Rs.) Total Payment - A+B (Rs.) Outstanding Loan Balance (Rs.)
    2020 Rs.53,600 Rs.72,810 Rs.1,26,410 Rs.9,46,399
    2021 Rs.69,806 Rs.81,886 Rs.1,51,692 Rs.8,76,592
    2022 Rs.76,317 Rs.75,375 Rs.1,51,692 Rs.8,00,275
    2023 Rs.83,436 Rs.68,256 Rs.1,51,692 Rs.7,16,840
    2024 Rs.91,217 Rs.60,475 Rs.1,51,692 Rs.6,25,624
    2025 Rs.99,722 Rs.51,970 Rs.1,51,692 Rs.5,25,900
    2026 Rs.1,09,025 Rs.42,667 Rs.1,51,692 Rs.4,16,876
    2027 Rs.1,19,194 Rs.32,498 Rs.1,51,692 Rs.2,97,684
    2028 Rs.1,30,309 Rs.21,383 Rs.1,51,692 Rs.1,67,375
    2029 Rs.1,42,461 Rs.9,231 Rs.1,51,692 Rs.24,913
    2030 Rs.24,913 Rs.279 Rs.25,192 Rs.0

    Note: The figures in the table may vary from the actual figures given by the bank in case the bank charges certain other fees as well.

    PNB Housing Finance Home Loan EMI Calculator FAQs

    1. Why should I calculate my EMIs before taking a loan?
    2. Calculating your EMIs before you apply for a loan can benefit you in the following ways:

      • You’ll know exactly how much you should commit every month towards your housing loan.
      • The total interest shows you how much your loan will cost you in the long run.
      • Planning prepayments and pre-closures becomes easier.
    3. If I make prepayments, will my home loan EMIs change?
    4. When you prepay a part of your loan, it reduces the outstanding principal. This will help you reduce the monthly instalment amounts by not changing the tenure. Or you can keep the instalment amounts the same and reduce the loan period. It is generally advisable to reduce the tenure of the loan and keep the EMI constant since you will pay lesser interest in the long run.

    5. Are there any charges for prepayments?
    6. PNB Housing Finance does not charge any fee if you prepay your housing loan carrying a floating rate of interest. For fixed-rate loans, the bank charges a 3% prepayment fee on the amount prepaid only if you pay using sources other than your own funds. If you use your own funds to prepay the outstanding amount, no such charge will apply.

    7. Why are the interest charges in the repayment table slightly higher during the initial months of the loan?
    8. The interest rate of your loan is applied on the basis of “reducing balance principle”. Because of this, the interest will be slightly higher during the initial phase since the principal outstanding is higher. As this amount reduces, the incidence of interest will also come down proportionately.

    9. Is the EMI calculator accurate?
    10. As long as you give it the correct details, the calculator will generate the right details. That being said, the EMI quoted by the bank may be a little different from the one given by the calculator. This is because the bank may charge additional fees as per its discretion.

      

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