Online Application
Facility
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
7.75%
%
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
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
7.75%*
for salaried/self employed professionals
and non professionals
and non professionals
Starting from
7.60%*
for salaried/self employed professionals
and non professionals
and non professionals
Starting from
7.50%*
for salaried/self employed professionals
and non professionals
and non professionals
Note: The mentioned Interest rates are Floating Rates
Home Loan
Documents Required
-
Loan application form (compulsory)
-
Age Proof
-
Residence Proof
-
Income Proof: salary slips of last 3 months
-
Form 16 for last 2 years
-
Latest 6 months bank statement
-
Other Documents such as property title, approved plan.
-
Loan application form (compulsory)
-
Age Proof
-
Residence Proof
-
Income Proof for business and ITR
-
Proof of business existence
-
Last 3 years income tax returns
-
Accountant-certified balance sheets last 12 months bank account statement
-
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.
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, but the charges depend on whether your loan is floating or fixed rate. For most individual borrowers on floating-rate home loans, prepayment is free of any charges; however, fixed-rate loans and non-individual loans may attract foreclosure charges.
*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.