PNB Housing

Home Loan EMI Calculator

Using a Home Loan EMI calculator is essential for anyone considering a home purchase. This valuable tool helps individuals make informed financial decisions by accurately estimating their monthly mortgage payments. By inputting crucial variables such as loan amount, interest rate, and tenure, prospective homebuyers can gain a clear understanding of their financial commitment and budget accordingly.
₹ 2,000,000
8.50% %
30 Years
₹
₹ 1 L ₹ 5 Cr
%
5% 20%
Years
1 Year 30 Year

Your EMI is

₹17,674

Interest amount₹ 2,241,811

Total amount payable₹ 4,241,811

More about Home Loans

PNB Housing

Amortization Chart

Amortization is paying off your loan over time in equal installments. As the term of your home loan progresses, a larger share of your payment goes toward paying down the principal until the loan is paid in full at the end of your term. This chart explains what you pay every year towards principal and interest amount

Home Loan

Interest Rate

Starting from
8.50%* 
for salaried/self employed professionals 
and non professionals 
Starting from
8.50%*
for salaried/self employed professionals 
and non professionals 
Note: The mentioned Interest rates are Floating Rates
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Home Loan

Documents Required

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    Loan application form (compulsory)

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    Age Proof

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    Residence Proof

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    Income Proof: salary slips of last 3 months

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    Form 16 for last 2 years

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    Latest 6 months bank statement

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    Other Documents such as property title, approved plan.

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    Loan application form (compulsory)

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    Age Proof

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    Residence Proof

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    Income Proof for business and ITR

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    Proof of business existence

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    Last 3 years income tax returns

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    Accountant-certified balance sheets last 12 months bank account statement

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    Other Documents such as property title, approved plan, etc.

Home   Loan

Frequently Asked Questions

Am I eligible for a Home Loan?

You are eligible for a loan if you are a salaried, self- employed professional or a businessman. Your loan eligibility  will be determined by PNBHFL on the basis of factors such as income, age, qualifications, number of dependants, co-applicants  income, assets, liabilities, stability and continuity of occupation and savings history. Further, the loan eligibility will  also be dependent on the value of property selected by you.

What percentage of property value can be funded?

We can fund upto 90%* of the property value in case of Home Loan and upto 70%* in case of Loan Against Property.  However, PNBHFL funding norms may change as per the company norms.

I purchased a property 3 months back; can i get a Home Loan?

Yes, you can avail re-finance at applicable Home Loan rate within 6 months from the date of property purchase.

What is EMI and Pre-EMI?

Your loan is repaid through Equated Monthly Installments, which include principal and interest component. EMI repayment starts from the subsequent month of full loan disbursement, while Pre-EMI is the simple interest, payable every month till the time loan is fully disbursed.

In case of change of floating rate of interest, will my EMI change or tenure?

Keeping the borrowers interest in consideration, EMI is kept unchanged till a point. In exceptional situations, the EMI is changed to support the principal repayment within a time frame.

What security do I need to provide?

The prime security for the loan is by way of deposit of title deeds and/or such other collateral security as may be necessary. The title of the property should be clear, marketable and free from any encumbrances.

Can I prepay my Home Loan? Are there any charges applicable?

Yes, you can prepay your Home Loan any time during the loan tenure. Currently it is free from any charges; however prepayment norms may change from time to time.

*Disclaimer: The information provided in these FAQs is for general guidance only and may vary based on PNB Housing's current policies, terms, and conditions. loan eligibility, interest rates, tenure, and other factors are subject to change based on the prevailing company policy and regulatory guidelines at the time of application. For the most accurate and personalised information, we encourage you to consult directly with a PNB Housing loan specialist.

Copyright ©2024 PNBHFL
  1. a. As regards deposit taking activity of the Company, the viewers may refer to the advertisement in the newspaper/ information furnished in the application form for soliciting public deposits.
  2. b. The Company is having a valid Certificate of Registration dated 31.07.2001 issued under Section 29A of the National Housing Bank Act, 1987. However, the Reserve Bank of India or the National Housing Bank does not accept any responsibility or guarantee about the present position as to the financial soundness of the Company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/ discharge of the liabilities by the Company.
  3. c. Terms and conditions apply. All loans are at the discretion of the Company. Other fees and charges are applicable. For further details, refer website of the Company, www.pnbhousing.com | CIN: L65922DL1988PLC033856.