How PNB HFL Home Loan EMI Calculator Helps You in Calculating Your EMI Amount?

PNB Housing Finance is one of the leading housing finance companies that let individuals take the home loan at affordable rates. The most important thing that an individual must need to keep an eye on is the EMI amount that he has to pay while repaying the loan amount within the period. People who do not take this factor seriously end up burning off their monthly budget because of the fact that they didn’t calculate the EMI amount beforehand.

With the help of the PNB Home Loan EMI calculator, you can get an estimate about the EMI amount so that you can prepare for it and consequently, manage your budget accordingly. What makes the PNB Housing Loan facility as one of the best is the PNB HFL Home Loan Interest Rates. Due to the affordable rate of interest, individuals find it more preferable compared to other home loan options. In this article, we will be telling you about how to use the PNB HFL Home Loan EMI Calculator, details that you need to have, and some prominent features of the PNB HFL Home Loan facility. So if you want to have more knowledge about it, then this read will a good one for you.

What are the details that you need to use the PNB HFL Home Loan Calculator?

You don’t need to know some complex maths formulae to use the PNB HFL home loan calculator, it’s so simple to use that even a layman can use it. In order to use it, you only need a few basic details by which you can get the correct EMI amount in a hassle-free manner. You can have a look at the details that you’ll need.

Aspired Loan Amount: This is the first and most basic detail that you’ll need - the loan amount that you’re applying for. With the home loan facility from the PNB HFL, you can get the loan amount upto INR 5 crores. But you must remember that you should choose this amount according to your repayment capability, otherwise you may find some difficulty in repaying it.

PNB HFL Home Loan Interest Rates: This is the second and most important thing that you’ll need to fill in the calculator after filling the desired loan amount. The interest rate for the salaried individuals and self-employed professionals ranges from 9.25% to 11% per annum, while for self-employed it ranges from 9.50% to 11.50% per annum. Moreover, the interest rate depends on various factors such as your age, property location, your employment type, and CIBIL score.

Desired Tenure: This is the last thing that you will need to fill in the calculator. The number of years in which you will repay the loan amount. PNB housing gives the loan amount for a maximum period of 30 years. But you should not opt for a longer tenure as it can make you pay more interest.

After filling all these details into the calculator, it will give you the exact EMI amount and also, the total interest outgo within a second. When you’ll use it, you’ll feel it that you haven’t broken any sweat and you got the results.

What are the advantages of taking the Home Loan Facility from the PNB Housing?

You can have a look at the several advantages of taking this home loan facility mentioned below.

• There is a wide array of home loan options such as home purchase loans, home construction loans, home extension, home improvement loans, and plot loans.
• PNB Housing Bank has many branches across India.
• You get faster loan approval and disbursal process with the PNB housing.
• PNB Housing finance has the most amazing post disbursement services. 
• You can get your loan amount increased in case of any cost increase in your home.