PNB Loan Against Property EMI Calculator

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)
1	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