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.
₹ 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

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Online Application
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Doorstep
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Funding up to 90%*
of the property’s market value
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Pan India branch
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Home Loan up to a
30-Year Tenure

Home Loan

Interest Rate

Starting from
7.50%* 
for salaried/self employed professionals 
and non professionals 
Starting from
7.50%*
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

What is a fixed interest rate in a home loan?

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A fixed interest rate remains constant throughout the loan tenure, ensuring your EMI amount stays the same every month. With a fixed-rate home loan, you have complete certainty about your repayment obligations, making financial planning easier. PNB Housing offers fixed-rate options where the interest rate is locked at the time of loan sanction and does not change due to market fluctuations.

What does a floating interest rate mean in home loans?

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A floating interest rate varies with market conditions and the lender's base rate changes. PNB Housing offers Home Loans at floating interest rates. While your EMI may increase or decrease based on interest rate movements, floating rates typically start lower than fixed rates and can result in savings if market rates decline over time.

What is the typical home loan processing fee?

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Home loan processing fees typically range from 0.25% to 1% of the loan amount, with a minimum fee structure. The exact processing fee varies based on the loan amount, your profile, and the specific home loan product you choose. PNB Housing may offer reduced or waived processing fees during promotional periods or for specific customer segments.

Do banks have different home loan requirements?

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Yes, different banks and housing finance companies have varying eligibility criteria, interest rates, processing fees, and documentation requirements. While basic requirements like minimum income, age limits, and credit scores are similar across lenders, the specific thresholds and terms differ. PNB Housing offers competitive terms with interest rates starting as low as 7.90%* per annum for salaried & 8.10%* self-employed individuals and customized eligibility programs.

What are the different types of home loans available in India?

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The main types of home loans include:

  • Home Purchase Loan: For buying ready-to-move-in properties
  • Home Construction Loan: For building a house on owned land
  • Plot Loan: For purchasing residential land
  • Home Extension Loan: For expanding existing homes
  • Home Renovation Loan: For repairs and improvements
  • Balance Transfer: For transferring existing loans to better terms
  • NRI Home Loan: For Non-Resident Indians
  • Commercial Property Loan: For buying office spaces or shops

What factors affect Home Loan eligibility?

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Key factors include:

  • Age: 21-70 years at loan maturity
  • Income: Minimum ₹15,000 net monthly income for salaried applicants
  • Credit Score: Minimum CIBIL score of 611
  • Employment: Stable employment with minimum experience requirements
  • Existing Debts: Current EMI obligations affect available income
  • Property Value: Loan amount typically up to 90% of property value

Which home finance is the best: Fixed or Floating interest rate?

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The choice depends on your risk appetite and market outlook:

  • Fixed Rate: Choose if you prefer certainty and stable EMIs, especially during rising interest rate cycles
  • Floating Rate: Suitable if you can handle EMI variations and want to benefit from potential rate decreases

Currently, floating rates offer more flexibility and typically start lower than fixed rates.

What documents are required to apply for a home loan?

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Essential documents include:

  • KYC Documents: Aadhaar, PAN, passport, or voter ID
  • Income Proof: Salary slips (last 3 months), Form 16, or ITRs (last 3 years)
  • Bank Statements: Last 6 months
  • Property Documents: Sale agreement, title deed, approved building plans
  • Employment Proof: Employment certificate, appointment letter
  • Additional: Photographs, investment proofs

What factors determine the home loan interest rate?

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Interest rates are influenced by:

  • Credit Score: Higher scores (750+) qualify for better rates
  • Income Level: Higher income may get preferential rates
  • Loan Amount and Tenure: Loan terms affect pricing
  • Employment Type: Salaried vs. self-employed applicants
  • Existing Customer Relationship: Banks may offer discounts

Market Conditions: Overall interest rate environment

*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.