Punjab National Bank Personal Loan EMI Calculator Feb 2023 - Wishfin

Punjab National Bank Personal Loan EMI Calculator


  • Check EMI Calculator Before Applying for Personal Loans
  • Find Your Repayment Future Via EMI Calculator

About Punjab National Bank Personal Loan EMI Calculator

Not glanced at Punjab National Bank Personal Loan EMI Calculator yet? Do that now to get an idea of the repayment days ahead in advance. It will only help plan your month-on-month budget better to ensure a smooth repayment experience. So, without any delay, let’s read about the calculator here.

EMI Calculator for Personal Loan
Loan Amount (₹)
Interest Rate (%)
Tenure (Month)
Loan Amount
Interest Rate
Monthly Instalment (EMI)
Total Interest Amount
Total Amount (Principal + Interest)
YearPrincipalInterestBalance Amount

What is EMI?

The equated monthly installment (EMI) is a sum of interest and principal amount payable towards a loan. The EMI, though, is dependent on three factors – loan amount, tenure and the rate of interest. Lesser the interest rate, lower would be the EMI and vice-versa. So, you should focus on grabbing a lower interest rate deal with Punjab National Bank (PNB). You can strike a better deal on grounds of a healthy credit score, existing relationship with the bank, healthy income and a sound repayment potential.

EMI Calculation Formula

The EMI Calculator runs according to the formula as shown below.

E = P x R x (1+R)^N/((1+R)^N – 1),

P = Principal Loan Amount
R = Rate of Interest
N = Monthly Loan Tenure

Let’s just take the help of an example to get an idea of how repayment is going to pan out.

Example – Shashi Tripathi wants to avail a personal loan worth ₹2 lakhs for 5 years. The bank offers an interest rate of 12.40% based on his credit profile. How much EMI and interest Shashi would most likely to pay over the course of a loan?

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 2,00,00012.40%1₹ 17,807₹ 13,686₹ 2,13,686
₹ 2,00,00012.40%2₹ 9452₹ 26,850₹ 2,26,850
₹ 2,00,00012.40%3₹ 6681₹ 40,521₹ 2,40,521
₹ 2,00,00012.40%4₹ 5306₹ 54,694₹ 2,54,694
₹ 2,00,00012.40%5₹ 4489₹ 69,365₹ 2,69,365

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
1₹ 30,783₹ 23,089₹ 1,69,216
2₹ 34,825₹ 19,048₹ 1,34,390
3₹ 39,397₹ 14,475₹ 94,993
4₹ 44,570₹ 9302₹ 50,422
5₹ 50,468₹ 3451₹ 0

Frequently Asked Questions

1. How PNB Bank Personal loan EMI is calculated?

You can calculate your PNB personal loan EMI with the help of your desired loan amount, the loan tenure and the interest rate you have been offered. You can take the help of PNB personal loan EMI calculator to know your EMIs.

2. How can i pay PNB bank Loan EMI?

You can pay your PNB loan EMIs by your net banking ID, using the bank application, logging into the bank’s website or by directly visiting the bank branch.

3. What is the formula to calculate Personal loan EMI?

The formula to calculate your Personal loan EMIs will be –
EMI = P x R x (1+R)^n/((1+R)^n-1) where P represents the Principal Amount, R represents the Rate of Interest Per month and “n” represents the loan tenure.

4. What factor affects PNB Bank Personal Loan EMI?

The factors affecting your PNB personal loan EMIs are your loan amount, the loan tenure and the rate of interest of your loan.

5. What is the best way to calculate EMI for a PNB Bank Loan?

You can use the PNB personal loan EMI calculator to know your EMIs in an easy way. You will have to enter your loan amount, loan tenure and rate of interest to calculate the EMIs.

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