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Punjab national Bank is one of the biggest names in the banking sector in our country. It is the second largest public sector bank of India and has recently merged with other two public sector banks namely, United Bank of India and Oriental Bank of Commerce. This has increased its already dense network of branches and customer base and has enabled the bank to reach even the remotest parts of the country.

Punjab National Bank has many loan products for the benefit of its customers not only in India but also abroad. These loans can be acquired for a variety of purposes like purchasing a new house or for personal needs or for getting higher education or many such reasons.

Each loan has different repayment tenure and has to be repaid within such tenure. This ensures that the borrower has a steady and good credit score. Also, if the borrower does not repay the loan regularly or defaults in repaying the EMI, such borrower is liable to face penalty charges or late payment charges as per the guidelines of the bank.

The details of the loan repayment of Punjab national bank are mentioned below.

What is repayment of a loan?

Loans are one of the most profitable products of any bank and also one of the basic functions. Loans taken have to be repaid as per the repayment schedule. Repayment schedule is the pattern of repayment of the loan taken in Equated monthly Installments or EMIs.

Customers get flexible repayment options to repay the loan taken depending on the guidelines of PNB. They can choose any of the options available as per their convenience and repaying capacity. In many cases, self-employed borrowers can get customized repayment schedules based on the nature of their business and the amount and purpose of loan taken.

How does it work?

The loan taken has to be repaid over the tenure of the loan in monthly installments. These monthly installments are known as EMIs or Equated Monthly Installments. It is the combination of the principal amount to be paid and the interest charged on such loan. The general formula to calculate the EMI for any loan taken is EMI = P × r × (1 + r)n/((1 + r)n - 1)


  • P=principal or the loan amount
  • r= rate of Interest
  • n=repayment period or tenure of loan

EMI is calculated on reducing balance method or flat rate method depending on the agreement between the borrower and the lender and the policies or guidelines of the loan issuing bank.

How to use a loan repayment calculator?

Repayment calculator is the very useful feature offered by the banks. Customers can get an estimate of the monthly expense that will be faced on account of acquiring a loan. The repayment calculator of PNB is available at the website of the bank. Customers can click on the following link to calculate the EMI of the loan taken.

Home>> Calculate

Customers will need to provide the following details for calculating the EMI of the loan taken.

  • Rate of Interest
  • Tenure (Period)
  • Loan Amount

After providing the above details, customers will get an estimate of the amount to be paid each month as EMI for the period of the loan.

Repayment Schedule of Personal Loans in Punjab National Bank

Personal loans of PNB can be availed for multiple reasons and the tenure of the loan varies depending on the purpose of such loan. The details of such repayment period of personal loans are tabled below.

Loan type

Tenure/ repayment period

For General Public

5 years or 60 months

For Doctors

7 years or 84 months 

For Pensioners

5 years or 60 months or up to the age of 60 years whichever is earlier

For Senior Citizens (Reverse Mortgage Scheme)

Maximum 20 years

Repayment Schedule of Home Loans in Punjab National Bank

PNB provides home loans for various purposes like construction of a new house or for repairs and renovation for the existing one as well as for purchasing a new house or flat or a plot or land. These home loans are of many types or variants depending on the borrower category like for the general public or for government employees or on the basis of their income eligibility.

The maximum repayment tenure offered by the bank for purchasing a new house or plot of land is 30 years and in case of repairs or renovation such tenure is 15 years.

Repayment Schedule of Vehicle Loans in Punjab National Bank

Vehicle Loans of PNB can be bought for purchasing new cars or old cars or for purchasing two wheelers. Customers can also get car loans in combination with home loans or also for existing home loan borrowers.

The details of the tenure of such loans are mentioned below.

  • New Cars – 84 months or 7 years
  • Used Cars – 60 months or 5 years
  • Scooter and Motorcycle – 60 months or 5 years
  • Scooterrete – 30 months
  • Mopeds – 24 months or 2 years

In case of two wheeler loans for women the maximum tenure available is 36 months or 3 years.

Repayment Schedule of Gold Loans in Punjab National Bank

Gold loans of PNB are the loans where customers can pledge their existing gold as a security to get loan for personal needs or for any other purpose as specified in the guidelines of the bank. The tenure of such loans is a maximum period of 12 months and in case of seasonal crops such period can be allowed maximum up to 18 months based on an approval from the bank.

Apart from the gold loan, PNB also offers advances against sovereign gold bonds. Such advance is for a maximum period of 8 years or the residual period of gold bond whichever is earlier.

Repayment Schedule of Education Loans in Punjab National Bank

Education loans of PNB can be availed for pursuing higher education in Indian Institutes, Premier Institutes or abroad as well as for vocational training. The maximum tenure for such loans is 10 years or 15 years depending on the loan scheme. Customers also get a moratorium period to repay such loans up to a maximum period of 1 year.

FAQs - Punjab National Bank Repayment

1. What is the customer care number of PNB?

The customer care number of PNB that can be used by the customers for any queries or issues that they may face on account of repayment of loan taken is 1800 180 2222/ 1800 103 2222.

2. What is the maximum tenure for repaying an education loan from PNB?

The many types of education loans that can be availed by customers. The tenure of such loans depends on the type of loan taken and the purpose of such loan. The maximum tenure available to repay education loan of PNB is 15 years excluding the moratorium if available.

3. Can customers get an estimate of the EMI to be paid for the loan taken?

Yes. Customers can get an estimate of the EMI to be paid for the loan taken by calculating the same on the EMI calculator available on the website of the bank.

4. What are the components of the EMI to be paid by the borrower?

The EMI to be paid by the customer consists of the principal amount and the interest component. The interest component is higher in case of longer tenure.

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