PNB Home Loan Calculator (2026)
Calculate your PNB home loan EMI with amortization schedule, prepayment analysis, and complete repayment timeline.
Loan Details
📋 Quick Info
- 🏦Compare rates across banks
- 💡Prepay early to save lakhs
- 🛡️Tax benefit up to ₹3.5L/yr
Payment Breakdown
Principal vs Interest distribution
Home Loan Amortization Schedule
Month-wise payment breakdown for 20 years (240 months) — Showing Year 1
| Month | Date | EMI | Principal | Interest | Balance |
|---|---|---|---|---|---|
| 1 | Jun 2026 | ₹21,302 | ₹4,115 | ₹17,188 | ₹24,95,886 |
| 2 | Jul 2026 | ₹21,302 | ₹4,143 | ₹17,159 | ₹24,91,743 |
| 3 | Aug 2026 | ₹21,302 | ₹4,171 | ₹17,131 | ₹24,87,571 |
| 4 | Sep 2026 | ₹21,302 | ₹4,200 | ₹17,102 | ₹24,83,371 |
| 5 | Oct 2026 | ₹21,302 | ₹4,229 | ₹17,073 | ₹24,79,143 |
| 6 | Nov 2026 | ₹21,302 | ₹4,258 | ₹17,044 | ₹24,74,885 |
| 7 | Dec 2026 | ₹21,302 | ₹4,287 | ₹17,015 | ₹24,70,598 |
| 8 | Jan 2027 | ₹21,302 | ₹4,317 | ₹16,985 | ₹24,66,281 |
| 9 | Feb 2027 | ₹21,302 | ₹4,346 | ₹16,956 | ₹24,61,935 |
| 10 | Mar 2027 | ₹21,302 | ₹4,376 | ₹16,926 | ₹24,57,558 |
| 11 | Apr 2027 | ₹21,302 | ₹4,406 | ₹16,896 | ₹24,53,152 |
| 12 | May 2027 | ₹21,302 | ₹4,437 | ₹16,865 | ₹24,48,716 |
How is Home Loan EMI Calculated?
The standard EMI formula used by all banks in India
EMI = [P × R × (1+R)N] / [(1+R)N − 1]Your Calculation
In simple words: EMI (Equated Monthly Installment) is the fixed amount you pay every month to the bank. It includes both the principal repayment and the interest charged on your outstanding loan balance. In the early years, most of your EMI goes towards paying interest. As the loan matures, more of your EMI goes towards reducing the principal amount.
📋 Quick Info
- 🏦Compare rates across banks for best deal
- 💡Prepay early to save lakhs in interest
- 🛡️Tax benefit up to ₹3.5L/yr (80C + 24b)
Punjab National Bank (PNB) Home Loan Interest Rates — May 2026
Current Punjab National Bank (PNB) home loan rates for salaried, self-employed, and NRI borrowers.
| Borrower Type | Interest Rate | Notes |
|---|---|---|
| Regular / Salaried | 7.30% – 9.30%* | Best rate requires 750+ CIBIL |
| NRI Home Loan | ~7.80% onwards* | For Indian citizens residing abroad |
| Self-Employed | Typically +0.25–0.50% above salaried | Varies by income documentation |
*Rates indicative as of May 2026. Actual rate depends on loan amount, CIBIL score, and property type. Verify current rates on Punjab National Bank (PNB)'s official website before applying.
Punjab National Bank (PNB) Home Loan Key Details
| Processing Fee | 0.35% (max ₹15,000) |
| Prepayment Charges | Nil on floating rate loans (RBI mandate) |
| Maximum Tenure | 30 years |
| Minimum CIBIL Score | 650 |
| NRI Eligibility | Yes — see NRI rate above |
Why Choose Punjab National Bank (PNB)? Key Advantage
Lowest processing fees among large banks and preferential rates for government, defence, and PSU employees
Punjab National Bank is one of India's largest public sector banks and a strong choice for government employees, defence personnel, and PSU workers who qualify for PNB Pride — a specialised scheme offering below-market rates exclusively for this segment. PNB's processing fee of 0.35% with a maximum of ₹15,000 is one of the lowest among large banks, making it cost-effective for high-value home loans. The trade-off is processing time — PNB typically takes longer than private banks, and the digital application experience is less polished.
Is Punjab National Bank (PNB) the Right Lender for You?
✅ Pros
PNB is an excellent choice for government employees, defence personnel, and PSU workers — the PNB Pride scheme offers below-market rates exclusively for this segment. The processing fee of 0.35% (max ₹15,000) is among the lowest in the industry, making PNB particularly cost-effective for large loan amounts where processing fees can be substantial at private banks.
⚠️ Cons
PNB's loan processing timeline is typically longer than private banks — expect 3–4 weeks for full disbursement. The digital application experience is less polished than HDFC, ICICI, or Axis, and branch-level service quality can be inconsistent. If you are not a government employee and need fast processing, a private bank may be a better fit despite the higher cost.
Compare Punjab National Bank (PNB) against all major banks using our main home loan calculator.
Important Disclaimer
EMI calculations assume a fixed interest rate throughout the tenure. Actual EMI may vary based on floating rate changes, processing fees, and lender terms. This tool is for educational purposes only.