PNB Bank Personal Loan EMI Calculator

What is a Personal Loan EMI Calculator?

A Personal Loan EMI Calculator is a free online tool that helps you estimate how much you’ll need to repay every month for your personal loan. It takes into account:

• The loan amount

• The interest rate

• The repayment tenure

Based on these inputs, it instantly calculates your monthly EMI, the total interest payable, and the overall loan cost—so you know exactly what you're signing up for.

How Does the PNB Bank Personal Loan EMI Calculator Work?

The PNB EMI Calculator uses a standard EMI calculation formula to determine how much you need to repay every month. Once you enter:

• Loan Amount (e.g., ₹2,00,000)

• Tenure (e.g., 24 months)

• Interest Rate (e.g., 11.5% per annum)

It instantly shows you:

• Your monthly EMI

• Total interest payable

• Total repayment amount (principal + interest)

This allows you to plan your finances more confidently and avoid any surprises after the loan is approved.

EMI Calculation Formula

The formula used in EMI calculators is:

EMI=P×R×(1+R)N(1+R)N−1\text{EMI} = \frac{P \times R \times (1 + R)^N}{(1 + R)^N - 1}EMI=(1+R)N−1P×R×(1+R)N​

Where:

• P = Loan amount (Principal)

• R = Monthly interest rate = Annual Rate ÷ 12 ÷ 100

• N = Loan tenure in months

Don’t worry about doing this manually—the PNB EMI Calculator does it for you instantly.

Amortisation Schedule

An amortisation schedule gives you a complete month-by-month breakdown of your loan repayment. It shows:

• Monthly EMI

• Interest component

• Principal component

• Outstanding balance after each payment

This schedule helps you see how your loan reduces over time. In the beginning, a larger portion of the EMI goes toward interest, while later payments go more toward the principal.

How to Use the PNB Bank Personal Loan EMI Calculator

Using the calculator is quick and hassle-free. Just follow these simple steps:

1. Visit the official PNB website

2. Navigate to the Loans or Tools & Calculators section

3. Select the Personal Loan EMI Calculator

4. Enter:

   • Loan amount

   • Loan tenure (in months/years)

   • Applicable interest rate

5. Click “Calculate”

Within seconds, you’ll see your EMI, total interest, and total repayment amount.

You can also tweak the values to compare different loan scenarios and find what suits your budget best.

Why Use the PNB Bank Personal Loan EMI Calculator?

Here’s why it’s a must-use tool:

• Instant results: No need for manual calculations

• Easy comparison: Try different loan amounts or tenures

• Financial clarity: Know your repayment plan in advance

• Avoid overborrowing: Choose an EMI that suits your income

• Better planning: Helps with long-term budget management

Benefits of Using a Personal Loan EMI Calculator

Benefit	What It Does
Time-Saving	Understand total interest and repayment
Loan Comparison	Get results instantly without paperwork
Budget Planning	Compare multiple loan options before applying
Reduce Risk	Choose an EMI that fits your monthly income
Financial Clarity	Avoid taking a loan that strains your finances

Explore Other Useful Loan Calculators

Besides personal loan EMIs, PNB offers other calculators that help you with:

• Home Loan EMI Calculator

• Car Loan EMI Calculator

• Education Loan Calculator

• Business Loan EMI Calculator

These calculators work the same way and can help you plan for other financial goals.

Other Financial Tools You May Find Helpful

PNB also provides several financial tools and calculators to help you manage your money better:

• FD Calculator – Calculate maturity value and interest earned

• RD Calculator – Estimate returns on recurring deposits

• Income Tax Calculator – Plan your tax-saving investments

• Loan Eligibility Calculator – Know how much loan you can get

• SIP Calculator – Plan your mutual fund investments

These tools are free, easy to use, and available on the PNB website.