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Simple Steps to use PNB personal loan  Emi
Calculator
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PNB Personal Loan EMI Calculator 2021

• The full form of PNB is Punjab National Bank.
  It is one of the India's oldest and leading
  public sector banks. The bank started functioning
  way back in 1895, and presently enjoys a wide
  reach across the country with over 5000 branches
  and more than 6000 ATMs. PNB is a state-owned
  corporation that offers diverse services in the
  fields of personal, agricultural, international,
  social, and corporate banking services. Punjab
  National Bank has its head quarter in Delhi, and
  has been the proud winner of many prestigious
  awards such as most valuable Indian brand,
  golden peacock business excellence award and so
  on.

• Personal loan at competitive rate

• You can make all your dreams come true sooner
  than you can think of, with a PNB personal loan,
  starting 11.95 onwards. With its quick and
  transparent personal loan products at competitive
  interest rates, the PNB personal loan has been
  able to provide a unique experience to the Indian
  borrowers of late. PNB offers a wide range of
  personal loan options for both the salaried and
  self-employed individuals, including any
  pensioners drawing pension through PNB. PNB
  personal loans are also available to LIC agents,
  who obtain regular commissions from the LICI and
  have their accounts in any PNB branch. PNB
  personal loans are immensely popular as they are
  highly customized to suit every individual need
  of the borrowers.

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Punjab National BankPersonal Loan EMI

• EMI or Equated monthly Installment is the monthly
  amount a borrower needs to pay to the Bank
  against the personal loan availed. This amount
  needs to be paid on a pre-assigned date every
  month, until the completion of the personal loan
  tenure. The same applies with PNB also.
• The EMI amount comprises both the principal and
  the interest amount. This proportion of principal
  and the interest amount varies every month. Under
  normal circumstances, the principal component
  keeps on increasing and the interest component
  keeps on reducing, with every EMI payment made by
  you to the Bank.
• The PNB personal loan EMI for a borrower depends
  on the interest rate offered to him. If the
  borrower opts for a fixed rate of interest, the
  rate does not change with the corresponding
  changes in the market. As a result, his EMI
  remains the same for the entire loan tenure.

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Why you should use PNB EMI Tool?

• The PNB personal loan EMI calculator is an
  extremely easy tool that helps you with accurate
  calculations.
• It enables you to know your possible EMI amount
  well before you avail a PNB personal loan.
• The information provided by this calculator will
  enable you to plan the loan repayment over your
  chosen tenure.
• It will also give you a brief idea about your
  current financial position.

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Formula used by a Punjab National Bank personal
loan EMI calculator

• The PNB personal loan EMI calculator provides
  detailed information about the EMI amount you
  would need to pay to the Bank at different stages
  of your loan tenure. This important tool uses the
  below-mentioned formula to calculate your EMI-
•                  (1r)n
• E P r  ((1r)n -1 )
• Where E is the Punjab National Bank personal loan
  EMI.
• P is the amount of personal loan you wish to
  borrow from the PNB
• r is the interest rate offered from the PNB.
  The interest rate per month is applied here,
  instead of the annual rate. It is calculated by
  the formula r (annual interest/12) /100. If the
  interest rate is 14.5 p.a, then r 14.5/12/100
  0.01208
• n is the PNB loan tenure expressed in months.
  For example, instead of 6 years, 72 months is
  written.

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