PNB Personal Loan EMI Calculator Can Be Easy To Know The Loan Amount

Customers can get a personal loan from Punjab National Bank ranging from Rs. 50,000 to Rs. 10 lakhs to cover a range of financial needs such as medical bills, home repairs, and so on. The interest rate of the PNB Personal Loan begins at 10.75% per annum. The PNB personal loan EMI calculator helps you handle your finances by enabling you to measure loan EMIs even before you apply for a loan. Some key features of PNB Personal Loan EMI like the method used to calculate EMI of the loan amount charges levied on non-payment of EMI, etc. are mentioned as:  

PNB Personal Loan EMI Calculator  

The Equated Monthly Instalment (or EMI) is the monthly payment that a borrower must make to a lender (bank/NBFC) to repay a loan. You can use Punjab National Bank’s personal loan EMI calculator to estimate the cost of a personal loan before applying for one, helping you to better control your finances. You can also use the Afinoz Personal Loan EMI calculator to find out how much you owe on your loan to calculate the loan’s EMI for free. Loan amount, interest rate, and tenure of personal loan parameters can be used in varying combinations to reach the most suitable EMI loan amount for yourself.  

How does the PNB Personal Loan EMI Calculator work?

The following are the PNB Personal Loan EMI Calculator functions:  

  • Loan amount: The principal sum borrowed from Punjab National Bank is referred to as the loan amount. Generally, a higher number means higher EMI payments. PNB provides personal loans ranging from Rs. 50,000 to Rs. 10 lakh to its customers. 
  • Interest rate: The rate at which interest is paid on the loan sum is known as the interest rate. The interest rate on a PNB personal loan starts at 10.75 percent per annum. A higher interest rate is generally the case when higher EMIs over the tenure of the loan.  
  • Loan Tenure: This is the amount of time you have to repay the loan. Personal loans from PNB have repayment periods ranging from 12 to 60 months. Shorter repayment terms usually mean higher EMI payments. However, it allows you to save money on the loan’s net interest payment. 

Punjab National Bank Personal Loan EMI Calculation

The reducing balance form of interest calculation is used to measure the EMI payable on PNB personal loans. The following is an example of an EMI calculation for a PNB personal loan using various combinations of loan number, tenure, and interest rate: 

Loan Amount (Rs.)  Interest Rate (p.a.)  Tenure (months)  EMI (Rs./month) 
50,000  11%  12  4,419 
2 lakh  13%  36  6,739 
5 lakh  15%  24  24,243 
7 lakh  17%  60  17,397 
10 lakh  20%  48  30,430 

The process to pay Punjab National Bank Personal Loan EMI

Listed below are the modes 
of Punjab National Bank Personal Loan EMI payment:  

  • Via Net Banking 
  • Postdated cheques or Demand Draft submitted to the bank 
  • ECS (Electronic Clearance Service) facility 

Benefits of using Punjab National Bank EMI Calculator

Here are some important key benefits for using PNB Personal Loan EMI Calculator: 

  • Even before you apply for a loan, you can use an EMI calculator to estimate your monthly payments. This helps you to better manage your finances and select a loan amount and word that suits your budget. 
  • It allows you to save a significant amount of time by eliminating the need to perform time-consuming mathematical calculations manually. Simply type the loan number and word into an EMI calculator to get instant results of loan amount and tenure of the loan amount.  
  • To provide error-free performance, an EMI calculator employs computerized algorithms. As a result, when opposed to manual calculations performed by hand, it is more precise and efficient. 
  • You can use the EMI calculator for free at any time and from any place. Furthermore, since there is no limit on how many times you can use the calculator, you can compare the EMI amounts of various personal loans from several banks and NBFCs before finalizing the most suitable option for your needs.  

Factors affecting Punjab National Bank Personal Loan EMI  

  • Loan Amount/Loan Principal: The loan amount/loan principal is the amount of money you borrow from the lender. In general, as the loan sum rises, so does the EMI charge and vice versa. 
  • Interest Rate: The rate at which the lender charges interest on the loan sum is known as the interest rate. In most cases, a higher interest rate means higher EMI payments. 
  • Loan Tenure: This is the time frame in which the loan will be repaid. Shorter repayment terms usually result in higher EMI payments. It can, however, result in lower interest payments.
  • Method of Interest Calculation: The method of interest calculation has an effect on the EMI pay-outs. As compared to EMIs calculated using the flat rate method, EMIs calculated using the decreasing balance method are slightly lower 


With the help of the above information, you can apply for PNB Personal Loan. For more details contact customer service or visit the official site of the bank. 

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