Urban Money
  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

As the name suggests, a Loan Against Property is a secured loan granted against pledged collateral. The asset pledged can be any type of real estate property, whether it is land, residence, or any other commercial property owned by the borrower.

The PNB Loan against property EMI calculator estimates the amount of EMI by factoring in information like interest rate, principal amount, and tenure of the loan. The PNB LAP EMI calculator gives an indicative estimation so that the borrower can utilise the values derived in their financial planning. 

Why should you use PNB Loan Against Property EMI Calculator?

The PNB LAP EMI calculator is a self-help tool that can be utilised for the following reasons:

Computation

The user can compute multiple EMIs options on the PNB LAP EMI calculator by factoring in different tenures and loan amounts and selecting the one that aligns with their financial objectives. It is to be noted that the user shall also factor in the current interest rate levied on the PNB loans against property. 

Comparability  

The user can compare the EMIs levied from the other banks by mentioning the exact amount and tenure using the PNB LAP EMI calculator. And choose the most affordable option based on EMIs. 

Amortisation Schedule 

The PNB LAP EMI Calculator gives a comprehensive account of the break-up of the repayment process. The schedule provides a brief overview to the user on the division of principal and interest in the monthly EMI payments throughout the tenure. 

Outstanding Balance

An individual can use the calculator to examine the outstanding balance at a specific period during the loan tenure. The borrower can use such information to prepay the loan amount to reduce the loan tenure.

PNB Loan against Property (LAP) Calculator Features

 

The PNB LAP EMI calculator is an online tool that aids the user in calculating the values concerning the EMIs to be paid against the loan. Find below the following features of the calculator: 

Easy to Use 

The calculator features a straightforward interface that enables the users to quickly calculate the EMI amount just by entering the values in the required fields. 

Accessibility

The calculator is available online and can be accessed anytime and anywhere. Apart from the EMIs, the PNB LAP EMI calculator also demonstrates an extensive schedule of the repayments for a better understanding of the user. 

Quick Results 

The calculator provides instantaneous results to the user as they can conveniently derive the inquired values without tedious and time-consuming calculations. 

Multiple Combinations 

The user can enter and compare multiple values of interest rate, tenure, and principal amount. By computing various EMI amounts, the user can plan and select the one which aligns with their budgetary goals. 

PNB Loan Against Property Calculator to Estimate the EMI that Fits your Budget

 

The user can calculate the EMI estimate on different loan amounts, tenures, and interest rates on the PNB LAP EMI calculator. Refer to the below-mentioned table to calculate the EMI amount on various combinations of loan amounts and tenures at the lowest interest rate of 7.99%

Loan Amount (Rs) 10 Years 15 Years  20 Years 
EMI on Rs 15 Lakhs 18,191 14,326 12,537
EMI on Rs 25 Lakhs  30,319 23,877 20,895
EMI on Rs 40 Lakhs 48,510 38,203 33,433
EMI on Rs 60 Lakhs 72,765 57,304 50,149

Factors Influencing Punjab National Bank Loan Against Property EMI

 

The PNB LAP EMI calculator factors in various parameters such as the loan amount, rate of interest, and tenure to come with the EMI amount of loans against property. 

Loan Amount

The loan amount and the EMIs, are directly proportional to each other. The higher the loan amount, the higher the EMIs the borrower has to repay. The PNB offers anywhere between Rs 5,00,000 to Rs 5,00,00,000 on loans granted against a property. 

Interest Rate 

The interest rate affects the repayment amount on the loan significantly. A higher interest rate will increase the loan EMI amount. Currently, the PNB levies an interest rate of 8.80% per annum on loans up to Rs 5 crores.  

Tenure 

The tenure and the EMIs are inversely related to each other. The lengthy loan tenure period reduces the EMI amount considerably. The maximum loan tenure on a loan against property is ten years. Similarly, if the borrower opts for a short tenure, the EMI amount is significantly higher. 

PNB  Loan Against Property Amortisation Calculator 

The amortisation schedule gives the repayment breakdown of the loan throughout the tenure.

Although the EMIs are constant throughout the loan tenure, the principal and interest vary. The schedule enlightens the borrower on the monthly break-up of their EMIs. And they can also examine their outstanding balance on the loan during a specific period to get a clearer understanding of the repayment process. The borrower can also strategically plan to prepay against the loan to reduce the tenure of the EMI payments.

Let’s take an example to understand better how to read an amortisation schedule.

Suppose you take out a loan against the property of Rs 15,00,000 for a tenure of 5 years at an interest rate of 7.99%. The calculated EMI on loan would be Rs 18,191. And the total amount to be paid against the loan is Rs 21,82,946. 

Amortization Schedule for Loan Against Property of Rs 15 Lakhs over 10 Years

The table below mentions the amortisation schedule for Loan Against Property of 15 Lakhs over a period of 10 years:

Month  Principal (Rs) Interest (Rs) EMI (Rs)  Outstanding Balance (Rs)
8,204 9,988 18,191 14,91,796
2 8,258 9,933 18,191 14,83,538 
3 8,313 9,878 18,191 14,75,225
4 8,369 9,823 18,191 14,66,856 
5 8,424 9,767 18,191 14,58,432
6 8,480 9,711 18,191 14,49,951 
7 8,537 9,654 18,191 14,41,414
8 8,594 9,597 18,191 14,32,820
9 8,651 9,540 18,191 14,24,169 
10 8,709 9,483 18,191 14,15,461
11 8,767 9,425 18,191 14,06,694
12 8,825 9,366 18,191 13,97,869 
13 8,884 9,307 18,191 13,88,985
14 8,943 9,248 18,191 13,80,042
15 9,002 9,189 18,191 13,71,040
16 9,062 9,129 18,191 13,61,978
17 9,123 9,069 18,191 13,52,855
18 9,183 9,008 18,191 13,43,671
19 9,245 8,947 18,191 13,34,427
20 9,306 8,885 18,191 13,25,121
21 9,368 8,823 18,191 13,15,753
22 9,430 8,761 18,191 13,06,322
23 9,493 8,698 18,191 12,96,829
24 9,556 8,635 18,191 12,87,272 
25 9,620 8,571 18,191 12,77,652 
26 9,684 8,507 18,191 12,67,968
27 9,749 8,443 18,191 12,58,219
28 9,814 8,378  18,191 12,48,406
29 9,879 8,312 18,191 12,38,527
30 9,945 8,247 18,191 12,28,582
31 10,011 8,180 18,191 12,18,571
32 10,078 8,114 18,191 12,08,494
33 10,145 8,047 18,191 11,98,349
34 10,212 7,979 18,191 11,88,137
35 10,280 7,911 18,191 11,77,857
36 10,349 7,843 18,191 11,67,508
37 10,418 7,774 18,191 11,57,090
38 10,487 7,704 18,191 11,46,604
39 10,557 7,634 18,191 11,36,047
40 10,627 7,564 18,191 11,25,420 
41 10,698 7,493 18,191 11,14,722
42 10,769 7,422 18,191 11,03,953
43 10,841 7,350 18,191 10,93,112
44 10,913 7,278  18,191 10,82,199 
45 10,986 7,206 18,191 10,71,214
46 11,059 7,132 18,191 10,60,155
47 11,132 7,059 18,191 10,49,023
48 11,206 6,985 18,191 10,37,816
49 11,281 6,910 18,191 10,26,535
50  11,356 6,835 18,191 10,15,179 
51 11,432 6,759  18,191 10,03,747 
52 11,508 6,683 18,191 9,92,239 
53 11,585 6,607 18,191 9,80,655
54 11,662 6,530  18,191 9,68,993
55 11,739  6,452 18,191 9,57,254
56 11,818 6,374 18,191 9,45,436
57 11,896 6,295 18,191 9,33,540
58 11,975 6,216 18,191 9,21,565 
59 12,055 6,136 18,191 9,09,509 
60 12,135 6,056 18,191 8,97,374 
61 12,216 5,975 18,191 8,85,158 
62 12,298 5,894 18,191 8,72,860 
63 12,379 5,812 18,191 8,60,481 
64 12,462 5,729 18,191 8,48,019
65 12,545 5,646 18,191 8,35,474
66 12,628 5,563 18,191 8,22,846
67 12,712 5,479 18,191 8,10,133
68 12,797 5,394 18,191 7,97,336 
69  12,882 5,309 18,191 7,84,454 
70 12,968 5,223 18,191 7,71,486 
71 13,054 5,137 18,191 7,58,432 
72 13,141 5,050 18,191 7,45,290 
73 13,229 4,962 18,191 7,32,061 
74 13,317 4,874 18,191 7,18,744
75 13,406 4,786 18,191 7,05,339
76 13,495 4,696 18,191 6,91,844
77 13,585 4,607 18,191 6,78,259 
78 13,675 4,516 18,191 6,64,584 
79 13,766 4,425 18,191 6,50,818
80 13,858 4,333 18,191 6,36,960 
81 13,950 4,241 18,191 6,23,010
82 14,043 4,148 18,191 6,08,967
83 14,137 4,055 18,191 5,94,831 
84 14,231 3,961 18,191 5,80,600
85 14,325 3,866 18,191 5,66,275 
85 14,421 3,770 18,191 5,51,854 
87 14,517 3,674 18,191 5,37,337
88 14,613 3,578 18,191 5,22,724 
89 14,711 3,480 18,191 5,08,013
90 14,809 3,383 18,191 4,93,204
91 14,907 3,284 18,191 4,78,297 
92 15,007 3,185 18,191 4,63,290 
93 15,106 3,085  18,191 4,48,184 
94 15,207 2,984 18,191 4,32,977
95 15,308 2,883 18,191 4,17,668 
96 15,410 2,781 18,191 4,02,258 
97 15,513 2,678  18,191 3,86,745
98 15,616 2,575 18,191 3,71,129 
99 15,720 2,471 18,191 3,55,409 
100 15,825 2,366 18,191 3,39,584 
101 15,930 2,261 18,191 3,23,654 
102 16,036 2,155 18,191 3,07,618 
103 16,143 2,048 18,191 2,91,475 
104 16,250 1,941 18,191 2,75,224
105 16,359 1,833 18,191 2,58,866 
106 16,468 1,724 18,191 2,42,398 
107 16,577 1,614 18,191 2,25,821
108 16,688 1,504 18,191 2,09,133
109 16,799 1,392 18,191 1,92,335 
110 16,911 1,281 18,191 1,75,424
111 17,023 1,168 18,191 1,58,401 
112 17,137 1,055 18,191 1,41,264
113 17,251 941 18,191 1,24,014 
114 17,365 826 18,191 1,06,648
115 17,481 710  18,191 89,167
116 17,598 594 18,191 71,570 
117 17,715 477 18,191 53,855
118 17,833 359 18,191 36,022
119 17,951 240  18,191 18,071 
120 18,071 120  18,191 0
PNB Loan Against Property at Different Repayment Tenures 

The EMI amount on the loan varies with respect to the repayment tenures. Find below an example of how the different tenures affect EMIs with a similar loan amount of 10 Lakhs

Loan Amount  Interest Rate  Tenure  EMI 
10,00,000 7.99 % 5 20,272 
10,00,000 7.99% 7 15,581
10,00,000 7.99% 10 12,127 

Frequently Asked Questions (FAQs)

What is the interest rate for PNB Loan Against Property?

The PNB levy an interest rate of 7.99% p.a. However, the rates can vary with respect to the valuation of property pledged as collateral. The bank also charges a processing fee of 1% on the loan amount. The maximum tenure on the loan is 10 years.

What are the eligibility criteria for the Punjab National Bank loan against property?

The primary factors of eligibility for the Punjab National Bank Loan Against Property are that the age of the applicant shall be anywhere between 21-70 years, their monthly income must be more than Rs. 18,000, and the work experience of a salaried individual must be at least 3 years, while in the case of a self-employed individual, the business shall be operative for at least 5 years.

How much loan amount can a borrower get against their property from PNB?

The maximum amount an applicant can avail in such a loan is Rs 5 crores. However, the loan amount is granted subject to the value of the property pledged.  Generally, the loan amount does not exceed 50% of the property value. The amount is disbursed after a meticulous assessment from the PNB.

How does the PNB Loan against property EMI calculator compute the EMI amount?

The PNB LAP EMI calculator is an easy-to-use online tool that computes the EMI value after factoring in the loan amount, interest rate and loan tenure. The EMI value is calculated on a reducing balance basis.

How to pay the PNB loan against property EMIs online?

The borrower can easily pay the EMI amount online via net banking or by submitting a cheque to their nearest PNB branch.