Loans/Staff Home Loan EMI Calculator
Staff Home Loan EMI Calculator
PNB's staff housing loan repayment isn't a standard EMI — principal and interest are repaid in two separate phases, with an optional moratorium before repayment even begins.
Your loan
Applicable rate: 5.50% p.a. simple — up to ₹40 lakh tier
Total repayment
₹48,63,125
What this calculates
PNB staff housing loans repay in a 3:1 ratio of Principal : Interest months, not a standard month-by-month EMI — and construction or under-construction purchases carry a real moratorium period before repayment even begins, during which interest still accrues.
Formula
Repayment months = Total tenure − Moratorium months (moratorium is included within the total tenure, not additional to it). Phase 1 installment = Principal ÷ Principal Months. Total Interest = interest accrued during the principal-repayment phase (closed-form simple interest) + interest accrued during moratorium on the full principal. Phase 2 installment = Total Interest ÷ Interest Months.
Worked example
₹30,00,000 at 5.50%, 360-month tenure with a 24-month construction moratorium: Phase 1 = ₹11,905/month over 252 months. Moratorium interest = ₹3,30,000. Total interest = ₹20,69,375. Phase 2 = ₹24,635/month over 84 months.
FAQs
How long is my moratorium period?
Up to 24 months for construction, 3 months for a ready-built or existing house purchase, or 36 months for an under-construction flat bought via a Co-op society, builder, or government agency (DDA/NOIDA/HUDA/PUDA etc.) — whichever comes first between that cap and your actual completion/purchase date.
What is the perquisite tax section showing me?
Your concessional interest rate from PNB is itself a taxable benefit under Income Tax Rule 3(7)(i) — the gap between SBI’s benchmark rate and what PNB actually charges you gets added to your taxable salary. This section shows your EMI as PNB bills it, separately from the extra tax that concession creates.
References
PNB’s current Scheme for Housing Loan to Staff Members; Income Tax Rule 3(7)(i) for perquisite valuation.