This article will teach you about the pnb loan calculator.
Are you looking for a loan from Punjab National Bank? If yes, then before that, it is very important to know some things. These things are:
1. You should know whether the bank will charge you fixed interest or floating interest.
2. You should be aware that the interest rate at which the bank is providing you with the loan will not change for how many years.
3. You should also know how old the loan is that you are taking from the bank.
4. You should also know about your monthly installment in advance.
Apart from these, there are many other things about which you should be careful. As a result, you should bookmark our website. We’ll have an article on all of that soon.
Now let’s talk about how to use pnb loan calculator and how to find out how much your bank is going to make for your monthly installment. A loan calculator is an excellent tool for this. Every bank has its own loan calculator, which is available on its website. By clicking on the link given below, you can use the loan calculator for all the banks.
| Bank Name | Loan Calculator Link |
|---|---|
| Punjab National Bank | Click here |
| State Bank of India | Click here |
| HDFC | Click here |
| Bank of Baroda | Click here |
| Canara Bank | Click here |
How to use PNB Loan Calculator
Just follow these simple steps to calculate your EMI.
1. Enter the loan amount you require. For example, we enter here Rs. 1,00,000.00.
2. Now enter the rate of interest charged by the bank. You can find the latest rate of interest offered by your bank on its website, or you can ask your branch manager. Here we are taking ROI as 11%
3. At last, enter your repayment period. It can be as high as the bank offers or as low as you prefer. If a loan scheme has a repayment period of 60 months but you want to pay your loan in 48 months, you can ask your bank to create the installment amount as per your choice. Here we are taking 60 months.
So now, as per your entered details, the EMI comes out to be Rs. 2174.00, which means you have to pay Rupees two thousand one hundred seventy-four to repay your loan in 60 months with an 11% rate of interest. In this EMI, both are included, i.e., the principal and interest amounts.
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