PNB Car Loan EMI Calculator

RBI Regulated Lender

Calculate your Punjab National Bank Car Loan EMI, total interest payable, and year-by-year repayment schedule. Enter your loan amount, tenure, and the interest rate currently offered by PNB — verify the exact rate via the PNB ONE app, PNB Internet Banking, or your nearest branch before applying.

Monthly EMI

₹16,801

Total Interest

₹2,08,089

Total Payment

₹10,08,089

Adjust Parameters

💡

Bank Rate Notice: Interest rates vary by bank, branch, and tenure. Enter the specific rate offered by your bank to calculate your exact returns.

Loan Amount

₹

₹1,00,000₹50,00,000

Interest Rate (p.a.)

5%20%

Loan Tenure

1 Yr7 Yrs

Payment Breakdown

Monthly EMI

₹16,801

Principal

Interest

Year-by-Year Payment Breakdown

Timeline SnapshotYear 1

Principal Paid₹1,31,234

Interest Paid₹70,383

Total Value₹2,01,617

💡 Hover or tap any bar to explore other years

YEARS

Principal Paid

Interest Paid

Year-by-Year Amortization Schedule

Year	Principal Paid	Interest Paid	Remaining Balance
1 Year	₹1,31,234	₹70,383	₹6,68,766
2 Years	₹1,44,260	₹57,359	₹5,24,506
3 Years	₹1,58,576	₹43,042	₹3,65,930
4 Years	₹1,74,315	₹27,303	₹1,91,615
5 Years	₹1,91,615	₹10,002	₹0

Punjab National Bank Car Loan Interest Rates & Calculations

Used as a PNB car loan calculator, this tool prices a Punjab National Bank vehicle loan on the reducing-balance basis the bank applies. PNB is among the larger public sector vehicle financiers in India, and its proposition rests on a tightly priced spread over a published benchmark rather than on showroom speed, so the arithmetic below is usually the deciding factor rather than the sanction experience.

PNB Car Loan Schemes You Can Apply Under

PNB's vehicle lending is segmented by vehicle type and borrower:

•PNB Car Loan — the core new-vehicle product for salaried and self-employed borrowers, sized against a share of on-road price.
•PNB Used Car Loan — for pre-owned vehicles, with tenure limited by the age of the car at loan maturity.
•PNB Two-Wheeler Loan — a shorter-tenure facility for motorcycles and scooters.
•PNB Car Loan for Pensioners — assessed against pension income, with the term bounded by age.

How PNB Sets the Rate on Your Loan

PNB prices vehicle loans as a spread over its Repo Linked Lending Rate (RLLR). The spread is set by credit bureau score, employment category and existing relationship with the bank, with government and PSU employees generally priced most finely. Because the RLLR is repo-linked, RBI policy movements pass through on the bank's reset cycle rather than the rate being fixed for the term.

Because that benchmark moves with RBI policy, no figure is quoted here. Take the rate applicable to you from the PNB ONE app, PNB Internet Banking, or your nearest branch, then enter it above to see the exact instalment and the year-by-year schedule.

What Is Specific to a PNB Car Loan

•A dedicated vehicle loan for pensioners is uncommon: most lenders treat retirement as a barrier to vehicle finance, and PNB assessing pension income directly opens the product to that group.
•As a public sector lender PNB tends to price the spread tightly but applies documentation norms strictly, so allow more time between application and disbursal than a private lender or showroom desk would need.
•Repo-linked pricing means most PNB vehicle loans are floating rate, so RBI's removal of foreclosure charges on floating-rate loans to individuals applies and prepayment carries no penalty.
•PNB funds a percentage of on-road price rather than ex-showroom on its main scheme, which lowers the down payment required compared with ex-showroom-only lenders.

Run both a shorter and a longer tenure through the calculator before deciding. The instalment difference is visible immediately; the interest difference only becomes obvious in the amortisation schedule, and on a depreciating asset it is the figure that matters.

To compare this against a different lender, a different loan type, or an unsecured alternative, use the General EMI Calculator.

Frequently Asked Questions

Common questions about the PNB Car Loan EMI Calculator.

Enter the sanctioned amount, the rate from your offer and the tenure into the calculator above. It applies the reducing-balance formula Punjab National Bank uses, so the instalment and the amortisation schedule match what you will actually be billed. PNB finances a share of the on-road price rather than the full drive-away cost, so begin from the amount being sanctioned rather than the showroom price, and remember that insurance, registration and accessories usually come out of your own pocket.

PNB caps new car finance at seven years, in line with the rest of the Indian market. The constraint is driven by depreciation rather than credit policy: a car loses value faster than the loan amortises, so a longer term would leave the lender under-secured. Used-vehicle finance is shorter, with the permitted tenure set by the age of the car at maturity. A seven-year term produces the lowest instalment but the highest total interest, and leaves you owing more than the car is worth for the first few years.

PNB prices most retail vehicle loans against its Repo Linked Lending Rate, which makes them floating-rate facilities. RBI's directive removing foreclosure and prepayment charges applies to floating-rate loans extended to individual borrowers, so prepayment on such a loan is free. A fixed-rate facility or a loan to a non-individual borrower falls outside that protection. The applicable position is set out in your sanction letter, which is the document to check before making a lump-sum payment.