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PNB Personal Loan EMI Calculator

Unlock early access to our PNB Personal Loan EMI Calculator

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PNB Personal Loan EMI Calculator

Calculate your PNB Personal loan EMI & plan your finances wisely

Loan Amount
Rate of Interest(p.a)
Loan Tenure
Monthly EMI
₹ 1,135
Total Interest
₹ 36,258
Principal Amount
₹ 1,00,000
Total Amount Paid
₹ 1,36,258

PNB Personal Loan EMI Calculator
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Personal loans can be an important financing option when unexpected expenses arise or major purchases must be made. That's why we've developed this easy-to-use personal loan EMI calculator - to help you estimate your potential monthly payments and see if a personal loan is right for your needs.

Rather than getting overwhelmed with figuring out loan terms independently, our calculator does the math for you. Just input a few key details like your desired loan amount, interest rate, and repayment tenure, and it will automatically calculate your estimated EMI (equated monthly installment).

In the section below, we'll simplify using our personal loan EMI calculator to increase transparency.

PNB Personal Loan EMI Calculator – Quick and Accurate EMI Calculations Online
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About Personal Loan
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How PNB Bank Personal Loan EMI Calculator Can Enhance Your Financial Strategy?
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Our PNB bank personal loan EMI calculator is a beneficial tool to help you plan your finances better when taking a personal loan.

The EMI amount is calculated using the formula:

E = P x r x (1+r)^n/((1+r)^n-1)


E = EMI amount

P = Loan Principal Amount

r = Monthly interest rate calculated by dividing the annual interest rate by 12

n = Loan tenure in months

This formula calculates the constant monthly payment amount you must pay over the full loan tenure to repay the loan entirely.

For example, if you take a personal loan of Rs. 5 lakhs from PNB Bank at a 10% annual interest rate for a five-year tenure:

P = Rs. 5 lakhs

r = 10%/12 = 0.83%

n = 5 years x 12 months = 60 months

Plugging this into the formula:

E = 500,000 x 0.0083 x (1+ 0.0083)^60/((1+0.0083)^60-1)

The EMI comes out to Rs. 10,098

So if you take a Rs 5 lakh personal loan from PNB Bank at 10% interest and 5-year tenure, your monthly EMI will be Rs. 10,098 for the next five years to repay the loan entirely.

A Guide to How PNB Personal Loan EMI Calculator Calculates EMIs
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Here are the steps to calculate EMI for a personal loan:

Gather the key loan details:

P - Loan Amount (Principal)

R - Annual Interest Rate

N - Loan Tenure in months

Here are the steps that we follow:

Calculate the monthly interest rate:

Monthly Interest Rate (R) = Annual Interest Rate / 12

Plug the values in the EMI formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Here is an example:

P = 10,00,000

R = 10%/12 = 0.83% per month

N = 80 months

Plugging this into the loan EMI formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

EMI = [10,00,000 x 0.83% x (1+0.83%)^80] / [(1+0.83%)^80 - 1]

EMI = Rs. 17,267

Loan Repayment Schedule
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Opening Balance

Interest Paid

Principal Repaid

EMI (Total)

Closing Balance


Rs. 10,00,000

Rs. 94,549

Rs. 112,655

Rs. 207,204

Rs. 8,87,345


Rs. 8,87,345

Rs. 82,802

Rs. 124,402

Rs. 207,204

Rs. 7,62,944


Rs. 7,62,944

Rs. 69,830

Rs. 137,374

Rs. 207,204

Rs. 6,25,570


Rs. 6,25,570

Rs. 55,506

Rs. 151,698

Rs. 207,204

Rs. 4,73,872


Rs. 4,73,872

Rs. 39,687

Rs. 167,517

Rs. 207,204

Rs. 3,06,355


Rs. 3,06,355

Rs. 22,220

Rs. 184,984

Rs. 207,204

Rs. 1,21,371


Rs. 1,21,371

Rs. 4,217

Rs. 133,919

Rs. 138,136

Rs. -12,548


How to use ACKO PNB Personal Loan EMI Calculator: Simplifying your Personal Loan Planning
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1. Collect Your Loan Information
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First, gather the key details of the loan you plan to take. This includes the loan amount, interest rate, and tenure. Keep these handy.

2. Navigate to the EMI Calculator Site
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Next, open your web browser and head to the ACKO PNB Personal Loan EMI calculator website. Our tool makes calculating your Equated Monthly Instalments (EMIs) a breeze.

3. Input Your Loan Specifications
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Now comes the fun part. Start plugging in those loan details you gathered earlier. Enter the loan amount, select the tenure, and choose between floating or fixed interest rates. This way, our  ACKO PNB personal loan EMI calculator will give those numbers.

4. Initiate the Calculation Process
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Once you input the data, scroll down to see the complete EMI breakdown. Check out the total interest payable, how much principal you’ll shell out per EMI, and, most importantly, your monthly payments.

5. Evaluate the Calculation Outcomes
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At last, take a minute to review the results and see if the EMIs fit your budget. If not, make a few changes to the loan amount and tenure variables. Once you’re satisfied, go ahead and apply for that personal loan.

With precise EMI details and tailored choices, you can easily pick a personal loan as per your needs.

Personal Loan and Term Insurance
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Securing a personal loan can be helpful for significant expenses, but the obligation to repay over time is a commitment. If the unexpected occurs during repayment, it could strain finances. In that case, the best solution is to use term life insurance. It’s a safety net for your family, providing funds to cover debts if you pass away prematurely. 

Though challenging to consider, term insurance is affordable when young and healthy. Getting basic coverage brings peace of mind, knowing that death before debt repayment won't lead to financial hardship for loved ones.

Advantages of using Acko PNB Personal Loan EMI Calculator
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Some advantages of using Acko PNB Personal Loan EMI Calculator are:

Accurate Calculation
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Our personal loan EMI calculator gives you accurate results that you can trust. We use the same standard formula as banks to systematically calculate your exact EMI based on the loan details you provide.

User-Friendly Interface
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Using our calculator is very easy and smooth. We only ask for key details like your desired loan amount and tenure. Our simple input fields are presented logically for ease of use.

Avoids Errors
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You can feel reassured that mistakes are minimised when using our calculator. We validated all outputs, and automatic checks will catch and prevent wrong entries made by accident. This reduces errors that lead to incorrect EMIs being shown.

Supports Decision Making
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Our calculator enables better and more informed borrowing decisions. Changing the loan parameters allows you to determine the EMI fit and compare scenarios instantly. This empowers you to choose the right borrowing according to your budget and needs before applying for the loan.

Customisation Options in the ACKO PNB Personal Loan EMI Calculator
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We offer an array of customisation options to ensure you receive results tailored to your unique financial situation.

Loan Amounts
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We understand that everyone's financial needs differ. That's why we allow you to adjust the loan amount to the precise figure you require.

Loan Tenures
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Flexibility in loan repayment is key to managing your finances without stress. With our calculator, you can experiment with different loan tenures to find a repayment period that suits your financial plan.

Interest Rates
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Interest rates play a crucial role in determining the cost of your loan. We provide the functionality to adjust interest rates in our calculator, allowing you to see how different rates affect your monthly EMI.

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As you plan your finances, looking beyond just EMIs is wise. That's where we come in at ACKO, your partner in making financial choices clear and simple. Our tech-driven solutions in auto, health, and life insurance ensure your family's safety. Dive into our resources to get you a personalised financial strategy. Discover how we can support your journey.

Frequently Asked Questions
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Here are some frequently asked questions about PNB Personal Loan EMI Calculator


How does the PNB personal loan EMI calculator work?

Using a standard formula, the PNB personal loan EMI calculator determines your equated monthly installment (EMI). It takes your loan amount, interest rate, and tenure and calculates 

your monthly payment to repay the loan fully.

2. What details do I need to use the EMI calculator?

To use the EMI calculator, you must provide your desired loan amount, the annual interest rate offered, and the repayment period in months. 

3. How do I benefit from using the EMI calculator?

Using the EMI calculator allows you to get an accurate estimate of monthly payments on a PNB personal loan. You can experiment by adjusting the loan amount, tenure, and rates to determine an EMI that fits your budget.

4. Does the calculator provide a loan repayment schedule?

Yes, the calculator can generate a loan repayment schedule that breaks down interest and principal repayment for each year.

5. Why should I consider term insurance when taking a personal loan?

Term life insurance provides financial safety for your family if you were to pass away before completing personal loan repayment. It pays a lump sum that loved ones can use to cover debts and continue meeting expenses in your absence.