Calculate Your Home Loan EMI

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 **These are indicative and subject to change at the discretion of lender/ without prior notice.

How to Use the PNB Home Loan EMI Calculator

The Home Loan calculator on Finserv MARKETS can easily be used to determine the exact amount of EMI you will have to pay for your PNB Home Loan repayments. This convenient tool can be used in simple steps:

  • Enter the Home Loan amount that you desire.

  • Next, select the rate of interest applicable to the Home Loan, as per your choice.

  • Lastly, select the tenure ie. the term for which you wish to avail the Home Loan.

After you enter these values, you will find the Home Loan EMI amount instantly. 

How is Home Loan EMI Calculated

The term EMI stands for ‘Equated Monthly Installments’ and refers to the predetermined amount of money that is required to be paid monthly by the borrower to repay the availed Home Loan.

A digital tool such as the Home Loan EMI calculator helps you determine the exact EMI amount applicable for your specific Home Loan. Home Loan EMIs are calculated on the basis of the following formula:

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


‘P’ = principal loan amount

‘N’ = number of months

‘R’= rate of interest

The aforementioned calculation can be done manually by the borrower. However, the housing loan EMI calculator on Finserv MARKETS helps make this calculation much quicker and more exact. 

PNB Home Loan EMI at Different Tenures

The EMI calculator requires you to enter ‘tenure’ as one of the three criteria to calculate the right EMI amount for you. 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 EMI amount changes across different tenures for the same loan amounts (with an interest rate of 7.35%): 


Loan Tenure

Loan Amount in Rupees

15 years

20 years

30 years


₹ 22,963

₹ 19,911



₹ 45,925

₹ 39,882



₹ 68,888

₹ 59,733



₹ 91,851

₹ 79,645


  • The given table is a representation of the exact Home Loan EMIs that a borrower has to pay for the given loan amounts (left-most column) across tenures ranging from 15, 20, and 30 years. We can see that for the same loan amount, the EMI payable by the borrower is highest for a tenure of 15 years and lowest for a tenure of 30 years.

  • Hence, the higher the selected tenure for the borrower, the lower the EMI amount to be repaid by him.

  • The reason for this is that the EMI amount payable by the borrower includes not only the repayment of the principal amount but also the payment of applicable interest.

  • The overall EMI amount is predetermined and is fixed during the time that the Home Loan is availed. However, the portion of principal and repayment within that EMI amount keeps changing over time. With a longer tenure, the principal repayment aspect keeps getting higher while the interest repayment aspect keeps getting lower. 

Benefits of Using Home Loan EMI Calculator

While it is possible to calculate your desired PNB Home Loan EMI by hand, EMI Calculator tool that can make the process much simpler. 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 its many 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 years in advance and figure out exactly what time frame and amounts work best for you in the long run. 

Factors affecting PNB Home Loan EMI

The Home Loan EMI calculator requires three important details from the borrower: loan amount, tenure, and interest rate. This is because all three of these factors 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. Take a look at these factors:

  • 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 amounts. The higher the loan amount, the higher your monthly EMI.

  • Interest rate Home Loans are accompanied by an interest rate determined by the financial institution. The interest rates also have a directly proportional relationship with your EMI amounts. As the interest rate increases, your Home Loan EMI also increases.

  • Loan tenure – This refers to the amount of time for which your PNB Home Loan is to be repaid by the borrower. Loan tenures have an inversely proportional 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. Similarly, the Home Loans by PNB offer a variety of convenient features for a variety of purposes, a Pan India branch network, and even a facility for enhancement in the loan amount, should the need arise.

Frequently Asked Questions

  • ✔️How accurate is a PNB Loan EMI calculator?

    As a digital, data technology-enabled tool, the PNB housing loan calculator can be relied on to produce results that are 100% accurate.

  • ✔️Why should I calculate my PNB EMI in advance before taking a loan?

    By calculating your ideal EMI before availing the PNB Home Loan, you can factor in the EMIs in your overall budget, as well as financially plan ahead for several years to come.

  • ✔️What is the EMI for Home Loan?

    The exact EMI for your Home Loan will depend on factors such as loan amount, loan tenure, and the applicable rate of interest. An easier way to do this is by making use of the Home Loan calculator and filling in your exact details for the Home Loan.