PNB is a leading PSU bank offering low interest home loans and flexible repayment options.
| 🏠 Home Loan | 8.45% p.a. | Up to 30 yrs |
| 🚗 Car Loan | 8.75% p.a. | Up to 7 yrs |
| 👤 Personal Loan | 11.40% p.a. | Up to 5 yrs |
Use the formula: EMI = P × r × (1+r)^n / ((1+r)^n - 1) where P is the loan amount, r is the monthly interest rate, and n is the number of months. For a ₹20,00,000 home loan from Punjab National Bank at 8.45% for 240 months, your EMI is ₹17,293.
| Loan Amount | 10 Years | 20 Years | 30 Years |
|---|---|---|---|
| ₹10,00,000 | ₹12,372 | ₹8,647 | ₹7,654 |
| ₹20,00,000 | ₹24,744 | ₹17,293 | ₹15,307 |
| ₹30,00,000 | ₹37,116 | ₹25,940 | ₹22,961 |
| ₹50,00,000 | ₹61,859 | ₹43,233 | ₹38,269 |
| ₹1,00,00,000 | ₹1,23,718 | ₹86,466 | ₹76,537 |