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If you are planning to apply for a home loan, the PNB home loan EMI calculator is an online tool that can help you calculate your EMI obligation using an intuitive web-based interface. It’s important that you have an idea of the EMI you would be paying to the bank beforehand so that you can plan your finances accordingly.


How does PNB Calculate Home Loan EMI

Punjab National Bank home loan EMI is calculated based on the amount borrowed, the loan repayment tenure, and the rate of interest. Since the interest rate and tenure of the loan depend upon your credit score and your monthly income, it will be fair to say that your loan EMI is also determined by your income and your credit score.

How to use the PNB Housing Loan EMI Calculator

The Home Loan EMI calculator on Bajaj MARKETS can be used to determine the near-exact amount you must pay to service your PNB Home Loan repayments. This convenient tool can be used in three simple steps:

  • Step 1: Enter the Home Loan amount that you desire

  • Step 2: Next, select the expected rate of interest applicable on the Home Loan

  • Step 3: Lastly, select the preferred tenure, i.e. the term for which you wish to avail the Housing Loan.

Once you enter these values, the Home Loan EMI amount will instantly be displayed on the screen. You can even change the variables to arrive at a number that is most comfortable to you.

PNB Home Loan EMI Calculation Methods

You can calculate your PNB Home Loan EMIs in three ways, using the manual formula, using Microsoft Excel, and using the Home Loan EMI calculator available on Bajaj MARKETS. Let us understand about these methods in detail:

PNB Home Loan EMI Calculation Formula

You can calculate your PNB Home Loan EMI using the following formula:

E = [P x R x (1+R)^N]/[(1+R)^N-1]


  • E is the EMI amount

  • P is the principal loan amount

  • N is the number of months

  • R is the rate of interest

Calculate PNB Home Loan EMI With Microsoft Excel

You can calculate your monthly Punjab National Bank home loan EMI outflow through Microsoft Excel if you enter the following function in one of the cells:



  • RATE stands for the applicable PNB housing loan interest rate

  • NPER is the total number of monthly EMIs

  • PV stands for the outstanding principal amount

  • FV is the future value or the cash balance post the last EMI payment. Note that this can be omitted and the value will be counted as zero.

  • Type is 0 or 1. This is an indicator of when the payment is due. If it is due at the end of the month, the type will be 0. If it is due at the start of the month, it will be 1.

Calculate PNB Home Loan EMI with Home Loan EMI Calculator

You can save yourself the time and energy you would have otherwise wasted on the above two methods simply by using the Housing Loan EMI calculator available on Bajaj MARKETS. It is a free online tool available on our portal that will ask you some basic information pertaining to your PNB home loan.

All you must do is enter the principal amount, the preferable loan repayment tenure (in months), and the estimated interest rate on the borrowing. Within seconds, you will see your PNB home loan EMI amount displayed on the screen.

PNB Home Loan EMI at Different Tenures

The EMI calculator requires you to enter the tenure as one of the three criteria to calculate the EMI amount. This is because apart from your loan amount and the rate of interest, the length of your tenure (the term for which you will repay the loan) plays an important part in calculating your overall EMI.

Here is a representation of how your PNB HFL EMI amount changes across different tenures for the same loan amount (at an interest rate of 7.35%):

Loan Amount

Loan EMI (based on tenure)

15 years

20 years

30 years


















Benefits of Using PNB Home Loan EMI Calculator

While it is possible to calculate your desired PNB Home Loan EMI manually, the EMI calculator can make the process much simpler for you. If you are wondering how using the Home Loan calculator for Punjab National Bank Home Loan can help you in the long run, here are some of its benefits:

  • The Home Loan EMI calculator makes it easy to calculate your ideal EMI and can give you the amount you require in no time. All you need to do is enter the required figures for the loan amount, interest rate, and desired tenure.

  • The housing finance EMI calculator makes it easier for potential borrowers to not only determine the EMI amount that best works for them, but also the tenure. By trying out various options for tenure on the calculator, the borrower can get a fair idea of which time frame works best for repayment.

  • Overall, using a PNB housing loan EMI calculator makes the process of loan management much more convenient for the borrower. It allows you to pre-plan your home loan and figure out exactly what tenure, loan amount, and interest rate work best for you in the long run.

Factors Affecting PNB Home Loan EMI

As mentioned above, the loan amount, tenure, and the interest rate have an important role to play in how your final EMI amount will be determined. The changing values of all three of these factors will change the EMI amount for your home loan repayment.

  • Loan Amount: Also known as the principal amount, this refers to the amount that is borrowed by you when you avail a Home Loan from PNB. Loan amounts have a directly proportional relationship with your EMI. The higher the loan amount, the higher your monthly EMI.

  • Interest Rate: A Home Loan attracts an interest rate which is determined by the financial institution. The interest rates also have a direct relationship with your EMI. As the interest rate increases, your Home Loan EMI also increases.

  • Loan tenure: This refers to the time period during which you have to repay your PNB home loan. Loan tenures have an inverse relationship with your EMI amounts. The longer the loan tenure, the lower your housing loan EMI.

The EMI calculator for Punjab National Bank Home Loan is an efficient, digital tool to help you make an easier, quicker decision when it comes to determining the EMIs for your Home Loan. You can use the EMI calculator at Bajaj MARKETS to calculate the EMI for your home loan and make your financial plans accordingly.

FAQs on PNB Home Loan EMI Calculator

✔️How does a PNB Home Loan EMI Calculator help plan my home purchase?

The PNB HFL EMI calculator gives you an estimate of the amount you would be paying to the bank on a monthly basis. Knowing your monthly liabilities will help you plan your finances accordingly.

✔️How do part-prepayments impact my PNB Home Loan EMI?

Part-payments or part-prepayments help you reduce your outstanding balance, thus reducing the applicable interest amount.

✔️Can I reduce my PNB Home Loan EMI?

Yes, you can reduce your home loan EMI by prepaying a part of your loan or by paying higher EMIs during the initial few months of the loan tenure.