PNB Home Loan EMI Calculator

Enter the loan amount, an interest rate (prefilled near PNB's indicative home-loan midpoint), and tenure. The calculator shows your monthly EMI, total interest and total repayment using standard reducing-balance math-the same method banks use.

As of August 2026, Punjab National Bank home loan rates indicatively range 8.50%-10.35% p.a., with the final rate depending on your credit score, loan amount and tenure. These are indicative ranges-check the bank's official website for the live rate before applying.

EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the loan amount, r the monthly rate and n the number of months. Interest is charged on the outstanding balance, so early EMIs are interest-heavy and later ones repay mostly principal.

Under RBI directions, floating-rate home loans to individual borrowers carry no foreclosure or part-prepayment charges. Even small annual prepayments can cut years and lakhs of interest-model the impact on our loan prepayment calculator before you decide.

Eligibility depends on income, existing EMIs (lenders usually keep total obligations near 50%-60% of income), credit score, age and the property's value. Banks commonly fund 75%-90% of the property cost, so plan the down payment separately.

Under the old regime, principal repayment qualifies under Section 80C (within the ₹1.5 lakh limit) and interest up to ₹2 lakh a year is deductible under Section 24(b) for a self-occupied house. The new regime drops most of these-compare both before filing.

Expect a processing fee (often a small percentage of the loan or a flat amount), plus legal/valuation charges and insurance options. Ask for the full charge sheet-a lower headline rate with heavy fees can cost more overall.

Online via the bank's website or app, or at a branch with KYC, income proof and property documents. Sanction speed depends on documentation-keep ITRs, salary slips and bank statements ready.