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EMI Calculator
₹
%
Year(s)
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
What is PNB Personal Loan EMI Calculator?
PNB Personal Loan EMI Calculator is an online tool provided by PNB to help its personal loan applicants calculate the loan instalment amount payable every month. The EMI amount would vary based on the PNB Personal Loan interest rate, loan amount and repayment tenure selected by the individual. Alternatively, applicants can also use Paisabazaar’s Personal Loan EMI Calculator to determine the optimum loan tenure and EMIs for PNB Personal Loan based on their repayment capacity.
How do I select the ROI for the PNB Personal Loan EMI Calculator?
PNB Personal Loan EMI Calculator provides loan applicants’ the option to select ROI from a wide range of interest rates. Prospective personal loan borrowers can try different combinations of loan amounts, interest rates and repayment tenures to find the respective EMIs for each combination. However, note that the final ROI offered for your personal loan is based on your personal loan eligibility, which is based on multiple factors including your annual income, credit score, age, occupation profile, repayment capacity etc.
Personal Loan Interest Rate Comparison of different Banks
| Banks/NBFCs | Interest Rates(p.a.) |
| Bajaj Finance | 10% - 31% p.a. |
| Axis Bank | 10.49% onwards |
| IndusInd Bank | 10.49% onwards |
| IDFC First Bank | 10.99% onwards |
| HDFC Bank | 10.85% onwards |
| ICICI Bank | 10.80% onwards |
| Kotak Mahindra Bank | 10.99% onwards |
| Tata Capital | 11.99% onwards |
| Federal Bank | 11.49% onwards |
| DMI Finance | Up to 24% |
| L&T Finance | 11.00% onwards |
| Kreditbee | 16.00% - 29.95% |
| MoneyTap | 13.00% onwards |
| Piramal Finance | 12.90% onwards |
| Aditya Birla | 10.99% onwards |
| Moneyview | 14%-36% |
| Cashe | 33.50% onwards |
Note: Interest rates as on 17 Jan 2025.
Also Check: Which bank gives lowest interest rate for personal loan?
Factors affecting PNB Personal Loan EMI
Rate of Interest
The interest rates offered by PNB starts from 11.40% p.a. PNB Personal Loan Interest Rates is based on factors like the loan applicants’ credit scores, occupation profile and their relationship with the bank. Prospective borrowers availing personal loans at low interest rates will be paying lower EMIs along with saving up on their overall interest costs and vice versa. Thus, loan applicants should always compare the personal loan interest rates offered by top banks and non-banking financial companies (NBFCs) before they apply for PNB Personal Loan.
Loan Tenure
PNB Personal Loan comes with loan tenures of up to 7 years. Prospective personal loan borrowers can reduce their EMI amount by selecting longer repayment tenures. However, longer personal loan repayment tenures end up inflating the total interest costs. Personal loan applicants can use the Paisabazaar Personal Loan EMI Calculator to find out the optimal personal loan tenure depending on their repayment capacity.
Loan Amount
Personal loan applicants can avail PNB Personal Loans for loan amounts of up to Rs 20 Lakh. Higher loan amounts end up increasing both the EMIs and total interest costs for loan applicants. Your personal loan eligibility in terms of loan amounts would primarily depend on factors like your repayment capacity and loan tenure.
Benefits of Using PNB Personal Loan EMI Calculators
The main benefits of using online PNB Personal Loan EMI Calculators are as follows:
Easy to Use
PNB Personal loan EMI Calculator allows loan applicants to calculate EMI amount without much hassle. All they need to do is to enter the principal loan amount, the interest rate and select the desired loan tenure to know the actual value of their monthly instalments.
Provides Quicker and Accurate Results
PNB Personal EMI Calculator allows prospective personal loan applicants to find out their EMIs without going through complex calculations using different formulas.
Additionally, PNB Personal Loan EMI Calculator also provides loan applicants with the accurate monthly instalment amount because there is no scope of human errors that comes with manual calculations.
Budget Management
As the EMI amount for personal loans availed at fixed interest rates remain constant during the entire loan tenure and loan applicants know the total amount payable every month while undertaking the personal loan, they can adjust their monthly expenses accordingly to fit in the EMI amount.
Improve Personal Loan Eligibility
Banks/NBFCs generally approve personal loan applications of individuals whose total EMI obligations, including the EMI of the proposed personal loan, does not exceed 50% – 60% of their total monthly income. As using PNB Personal Loan EMI Calculator will give the prospective loan applicant’s a fair idea of their EMIs, those exceeding the aforementioned limit can select longer tenures on their personal loan and/or lower personal loan amounts to reduce the EMI while making the personal loan application. Doing so can help applicants improving their chances of personal loan approval.
Healthy Credit Scores
Personal loan applicants who have already calculated their monthly instalments using PNB Personal Loan EMI Calculator would be better prepared to handle their finances in order to repay their personal loans within the given tenure. Thus, such applicants would be less likely to default on their EMIs. This in turn should help in maintaining or improving their credit scores.
Considering the above-mentioned benefits, you should use the PNB Personal EMI Calculator to determine the optimum loan tenure and EMIs for your PNB Personal Loan based on your repayment capacity. You can also use PNB Personal Loan EMI calculator or Paisabazaar’s Personal Loan EMI Calculator to calculate and compare personal loan EMIs of other lenders as well.