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Simple Steps to use PNB personal loan Emi Calculator

PNB personal loan EMI Calculator is a tool offered by Punjab National Bank. This tool helps users to calculate their monthly EMI for PNB personal loan. And It's very easy to use simply put your required loan amount with the interest rate and loan tenure, it will automatically show the required EMI amount you need to pay every month for your loan. You can also check this at Afinoz. <br>

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Simple Steps to use PNB personal loan Emi Calculator

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  1. Simple Simple Steps personal personalloan Stepsto touse loan Emi Emi Calculator Calculator usePNB PNB www.afinoz.com

  2. ▪ 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. PNB Personal PNB Personal Loan EMI Loan EMI Calculator 2021 Calculator 2021 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 loansare 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. www.afinoz.com

  3. ▪ 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. Punjab National Punjab National BankPersonal BankPersonal Loan EMI Loan EMI ▪ 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. www.afinoz.com

  4. ▪ 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. Why you should Why you should use PNB EMI use PNB EMI Tool? Tool? ▪ 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. www.afinoz.com

  5. ▪ 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- (1+r)n Formula used by a Formula used by a Punjab National Punjab National Bank personal Bank personal loan EMI loan EMI calculator calculator E = P * r ((1+r)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. www.afinoz.com

  6. THANK YOU www.afinoz.com

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