Punjab National Bank Education Loan EMI Calculator
Calculate EMI on an education loan from Punjab National Bank at the current 7.85% rate — domestic and abroad study, with Section 80E tax benefit.
Loan Details
Results
Your Monthly EMI
₹18,080
Principal
₹15,00,000
Total Interest
₹6,69,656
Total Payment
₹21,69,656
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | ₹1,02,864 | ₹1,14,101 | ₹13,97,136 |
| 2 | ₹1,11,236 | ₹1,05,730 | ₹12,85,900 |
| 3 | ₹1,20,289 | ₹96,676 | ₹11,65,610 |
| 4 | ₹1,30,079 | ₹86,886 | ₹10,35,531 |
| 5 | ₹1,40,666 | ₹76,300 | ₹8,94,865 |
| 6 | ₹1,52,114 | ₹64,851 | ₹7,42,751 |
| 7 | ₹1,64,494 | ₹52,471 | ₹5,78,256 |
| 8 | ₹1,77,882 | ₹39,083 | ₹4,00,374 |
| 9 | ₹1,92,359 | ₹24,606 | ₹2,08,015 |
| 10 | ₹2,08,015 | ₹8,951 | ₹0 |
For estimation only. Not professional financial, tax, or legal advice. Consult a qualified advisor before making decisions. Full disclaimer.
Punjab National Bank education loan highlights
- Interest rate starts at 7.85% p.a.
- Loan tenure up to 15 years (post-moratorium)
- Loans up to ₹7.5 lakh without collateral; larger loans need tangible security
- Moratorium: course duration + 6–12 months grace period
- Processing fee: typically 1% of loan amount (waived for some government-sponsored schemes)
Section 80E tax benefit
Interest paid on a $PNB education loan is fully deductible from taxable income under Section 80E for up to 8 years — there is no upper cap on the deductible amount. This is one of the most valuable deductions still available under the old regime.
Rates shown are indicative starting rates based on publicly available information and update periodically. Final rate depends on academic profile, institution rank, course, and co-applicant credit.