Punjab National Bank Home Loan Prepayment Calculator

For eligible floating-rate individual home loans used for non-business purposes, RBI rules generally prohibit such charges. Confirm the latest PNB rules for your exact product.

Log into the PNB ONE app, navigate to your home loan account, and use the payment or part-prepayment option. You can also use PNB net banking or visit a branch. After payment, confirm with PNB whether the amount reduces tenure or EMI and request an updated amortisation schedule.

PNB (Punjab National Bank) is a scheduled public sector bank whose home loans are regulated as bank loans with RBI's standard RLLR linkage and no prepayment charges on floating-rate loans to individuals. PNB Housing Finance is a separate, listed NBFC with its own rate benchmarks, and its prepayment and foreclosure terms may differ. Check your sanction letter's letterhead to identify which entity holds your loan.

Tenure reduction generally saves more total interest. EMI reduction is useful if you want lower monthly outgo.

Savings vary by loan balance, rate, and tenure. Use the benchmark below for direction and KlearPay for exact numbers.

PNB offers preferential home loan products for government employees and defence personnel with potentially lower spreads. Prepayment rules for these products are generally consistent with standard floating-rate RBI guidelines, but confirm your specific scheme's terms. If you are on a special rate scheme, your amortisation profile may differ from the standard benchmark.