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PNB loan calculator online in the Philippines in 2022. How to figure out the loan yourself? A handy tool that will show whether you can pay off a loan, help you choose lending with affordable payments.

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Philippine National Bank (PNB), the country's first global bank, is the fourth largest privately held commercial bank in the Philippines. PNB was founded by the Philippine government in 1916 and was fully privatized in 2007. Over the years, the bank has led the industry in agricultural industrialization and trade finance assistance for the country's agricultural exports as an economic development platform.

Furthermore, the bank was a pioneer in the Overseas Filipino Worker (OFW) remittance corporation, introducing many innovations such as bank on wheels, digitized banking, teller machines banking, mobile money exchange, domestic traveler's checks, e - filing and payment services for hefty tax paying citizens, and Unit Investment Trust Fund (UITF) ATMs. PNB has one of the most overseas offices and one of the most extensive domestic banking facilities among local banks.

The financial institution has a total national portfolio of 670 branches and over 1,500 ATMs purposefully located throughout the country. With more than 70 overseas branches, representative offices, money transfer centers, and subsidiaries in Asia, Europe, the Mideast, and North America, PNB retains its position as the Philippine bank with one of the most comprehensive international presence.

PNB offers banking services, including deposits, expenses discounting, transaction banking, foreign currency exchange business deals, money transfer, remittance servicing, wealth management, a complete array of consumer banking and trust services, structured finance, and lending. It is through the lending services that they have PNB loan calculators.

PNB loan calculators are automated online tools that can assist you in calculating your monthly payments on various PNB loans. You may need to take loans from a lending organization at some point in your life. Sometimes, you need more money than you have saved, whether you're purchasing a car or a house, establishing a company, consolidating debt, dealing with unforeseen expenses, or paying for education. A loan is often a better alternative than a credit card for a fast supply of cash since loan interest rates are sometimes significantly cheaper than credit card ones.

PNB loan calculators are used to compute the terms of a PNB loan. Enter loan details such as loan tenure and interest rate to calculate the total loan amount. As the loan tenure lengthens, your equated monthly installments (EMI) will decrease, while the total loan amount (the total paid) will rise.

The PNB loan EMI calculator calculates your monthly installment payments based on the principal component, monthly interest rate, and the number of monthly payments you'll make during the loan's duration. Using a calculator like this or crunching the figures yourself can help you figure out how much property or automobile you can comfortably afford. Working through these figures can also help you evaluate whether you need a larger down payment for your house or an auto purchase to lower your monthly payment.

The tool is easy to use and comprehend and does computations swiftly. You must submit loan details, such as loan tenure and monthly installment payment choice. The first step in figuring out your monthly payment is identifying your loan type, which sets your authorized loan payment schedule. This phase needs no mathematics. Let us look at some of the inputs and outputs we will encounter while using the tool.

The inputs are the data the tool needs to calculate the monthly payments and some other outputs. To estimate your prospective loan details, you will need the following input data and information:

This refers to the purpose of borrowing the loan. You can use the PNB housing finance for many purposes. They include the purchase of house and lot, purchase of townhouse unit, purchase of condominium unit, purchase of condominium unit and parking slot, purchase of a vacant lot, house construction/renovation/improvement, and refinancing/loan takeout. This input demands you choose the purpose of your loan from one of the listed options.

The term "car brand" refers to all auto manufacturers. If an automobile group has many brands, car brand refers to the individual manufacturer brand rather than the corporate one. Volkswagen AG, for example, owns the automobile brands VW, Audi, Seat, and Bentley, among others. The tool will next ask you to choose a car brand from a list of possible brands.

Car type refers to cars that are the same in terms of construction, size, shape, and materials in regions where the mechanical connection device or component is attached. The tool will prompt you to select a car type from a list of options the bank provides.

This is the amount you wish to borrow to purchase the automobile. If you want to make a down payment or trade-in, the tool will remove that amount from the car's purchase price to calculate the loan amount.

This is the appraised value or cost of purchasing the building you wish to buy. It is the overall contract fee you and the developer agreed upon. Before applying for a PNB housing loan, you should learn more about the property you want to buy, including all of the financial consequences of doing so. In this part, enter the total agreed-upon contract price with the dealer.

This is the total amount of money paid to purchase a home, expressed as a percentage of the total unit or loan amount. The quantity of your down payment may influence your interest component. PNB typically offers cheaper loan rates if you make a larger down payment.

This relates to the amount of time you have to repay the loan. The longer the loan tenure, the cheaper your monthly payment will be, but the more significant the total interest paid. The shorter the period of your loan, the higher your loan EMI and the cheaper your overall interest paid. The bank offers loans of up to 20 years for the PNB housing loan and up to 60 months for the PNB auto loan.

The interest rate indicates the cost of borrowing money. The cost of borrowing money expressed as a percentage of the total amount is known as the interest rate. The greater the percentage for a particular loan, the greater the amount you must repay. Even little changes in interest rates can have a significant impact. It is critical to monitor whether they rise, decline, or remain stable. Here, the tool asks you how long you want your housing loan interest rate to remain set.

The outputs are the outcomes of the tool's examination of the user's information. The following are the expected computed figures or output from the PNB loan EMI calculator:

The tool will display the entire amount of your loan here. It subtracts the downpayment percentage from the previously chosen unit value and shows the result in figures so you can view the total cost of your loan.

This monthly payment is made to PNB on a specified calendar day to satisfy their obligation. EMI is used to make the interest payment and principal until the loan is completely paid off over a certain period. After entering all essential information, such as loan amount, loan duration, and interest rate, the EMI amount will be displayed instantly, showing the amount you are expected to pay at the end of each month.

The following formula is used by the tool to determine the fixed EMI amount:

M = {P[(1+R)^N]}/[(1+R)^N -1]

Where:

M = Loan EMI

P = Total loan amount

R = Interest rate

N = Loan term

The PNB loan EMI calculator considers the unit price of the mortgage or car, your down payment, the bank's interest rate, and the loan tenure. Over the life of your loan, the amount owed is paid in equal monthly installments, including principal, interest, and other fees, like the processing fee. Although your duration may differ, you should plan on making 12 payments every year.

There are two loan calculators on the PNB website, they are:

PNB housing loan calculator

PNB auto loan calculator

A mortgage EMI calculator is an online tool that estimates your monthly payment towards your loan EMIs. You can compute your EMIs using PNB housing loan's simple and user-friendly EMI calculator. Enter your desired loan amount, interest rate, and loan term and click **Calculate**. Based on your input, the EMI calculator will compute an approximate value. The program eliminates human mistakes and time-consuming computations and can be used to plan your house financing in seconds. For further information and advice on house loans, contact the PNB customer care professionals.

You can calculate your monthly payment using their housing loan calculator or do it manually if you're willing to do some arithmetic. The typical formula for calculating your monthly mortgage payment by hand is as follows:

M = {P[(1+R)^(Nx12)]}/[(1+R)^(Nx12) -1]

Where:

M = Monthly EMI

P = Total loan amount

R = Interest rate

N = Loan term

The tool calculates the monthly payment based on the principle, interest to be paid, and loan term. Because the principal amount is substantial in the loan's early years, a significant component of the EMI is made up of interest payable. The interest component of the loan diminishes on loan maturity, but the principal component steadily grows.

To determine the monthly payment on your PNB home loans, follow the steps below:

Visit the PNB official website.

Click on

**Personal banking**, scroll down and click on**Buy your dream house or car**.Click on

**Learn more**under**Housing loan**.Click on

**Click here to use the calculator**, which will open the PNB housing loan EMI calculator.Choose the purpose of your loan from the list and then select the property selling price.

Select your loan downpayment percentage.

Choose your interest rate fixed and loan terms, and then click on

**Calculate my loan**.You will be shown your prospective loan details under the calculator.

You can use the EMI calculator provided by the bank to determine the equal monthly installment required to repay a PNB auto loan after giving some data regarding the loan for which you have applied or are about to apply. The calculator is straightforward, which is why many choose to use it. The bank's auto loan EMI calculator also includes an amortization schedule to help users visually analyze and comprehend their loan payback method and timeline during the repayment term.

You can estimate your monthly payment using the PNB auto loan calculator or do it manually if you're willing to perform some mathematics. The traditional formula for calculating your monthly loan payment by hand is as follows:

M = {P[(1+R)^N]}/[(1+R)^N -1]

Where:

M = Monthly payment

P = Total loan amount

R = Interest rate

N = Loan term

Follow the steps below to determine your PNB vehicle loan's monthly payment and additional fees:

Visit the PNB official website.

Click on

**Personal banking**, scroll down and click on**Buy your dream house or car**.Click on

**Learn more**under**Auto loan**, then scroll down to locate the auto loan calculator.Select the car brand of your choice from the list of the brands available, do this also for

**Car type**.Input the price of the car and your preferred downpayment percentage.

Select your chosen loan term and then click on

**Calculate my loan**.Your prospective loan details will be shown under the calculator.

The following are some of the benefits of using PNB loan calculators:

**It allows you to create multiple options.**You may use the PNB loan EMI calculator to experiment with the elements that impact your monthly payments and make an educated decision. Your monthly payment is affected by the loan amount, loan term, and monthly interest rate. This is because monthly amortization is proportional to the principal amount borrowed: the more significant your loan amount, the higher your monthly payment.

Furthermore, a longer loan term lowers your monthly payments, while a shorter duration raises them. A higher interest rate, of course, means a larger monthly payment. The calculator allows you to experiment with different loan amounts and durations to determine the appropriate loan amount to take out without experiencing financial hardship and the period you may quickly repay your loan.

**It allows you to calculate loan EMIs.**This is a good tool for calculating your loan's monthly installments. After you've reviewed your loan eligibility requirements and utilized any loan eligibility calculator to see how much loan you can afford, you can use the PNB loan calculators to estimate your loan EMI precisely and quickly.**It helps you to determine the correct loan tenure.**Using the tenure slider on loan, you can choose the best EMI for a loan term calculator. The tenure that corresponds to it is the correct tenure for you. Remember that the lower the EMI, the longer the tenure.**It saves you a lot of time.**The PNB loan EMI calculator gives accurate and timely results. The tool is accessible online, saving you the time and effort of visiting the bank, standing in queues, and calculating your loan terms. Furthermore, the time-consuming task of filling out a bunch of paperwork or phoning an agent to ascertain loan amounts and interest rates is eliminated. Calculators are readily available online, allowing you to use them while strolling, taking a break at work, or even on vacation in the most distant areas of the world. All you need is a reliable and secure Internet connection.**It provides you with accurate calculations.**The precision of the results is one of the most significant advantages of using the PNB loan calculator. When manually calculating the loanable amount, there is always the chance of making errors. You are not compelled to use pen and paper and risk miscalculating the loanable amount. You also don't have to waste time experimenting with different effective interest-rate combinations, desired loan rates, and loan tenures on your own. Using the loan calculator saves time since it delivers exact and quick answers for various loan options in seconds. The algorithm allows you to experiment with alternative loan conditions and change the components affecting your loan without hurting your credit score negatively.

The tools are relatively simple to use, no additional abilities are required, and no unique functionalities are present. The following are some PNB loan EMI calculator functions:

**Percentage.**A percentage is a relative figure that represents the hundredth part of any amount. Because 1% is the hundredth part, 100% signifies the full amount, and 200% defines twice the supplied quantity. For instance, 1% of ₱1,000,000 equals 1/100 of ₱1,000,000 or ₱10,000, 20% of the quantity is 20/100 of ₱1,000,000 or ₱200,000. The PNB loan calculators use percentage when it asks for your preferred downpayment. You must enter this input as a percentage.**Multiplication.**When we multiply, we add equal groups or items, increasing the number of objects in the group. This function is also used by PNB loan calculators, such as when the loan period is multiplied by 12. (Nx12).**Raising to power.**To put it simply, elevating something to power means multiplying it several times. Powers can be thought of as repeated multiplication, just as multiplication can be thought of as repeated addition. This also occurs while one is utilizing the tool. For example, this function is applicable when it elevates a function to the power of the loan term [(1+R)N].**Addition.**The addition is the process of determining the total, or sum, by adding two or more variables (must be on the consent of all the variables). The calculators use this function throughout the calculation procedure, such as when it adds one and the interest rate (1+R).**Brackets.**Brackets are symbols, similar to parentheses, that enclose a group of sentences, items, services, or variables. Any terms contained within the brackets must be regarded as a group. For example, in the tool, we have the equation (1+R)(Nx12), where (1+R) and (Nx12) are contained in brackets, indicating that we must consider them as one.

**Example: **For example, you opt for a PNB auto loan with the following inputs:

Car brand: Nissan

Car type: SUV

Car price: ₱2,229,000

Downpayment: 30%

Loan tenure: 18 months

When you input these values into a PNB loan EMI calculator, you get the following outcome:

Downpayment: ₱668,700

Amount to borrow: ₱1,560,300

Monthly payment: ₱93,203

**Example 2: **Let us consider a PNB auto loan with the below inputs:

Car brand: Hyundai

Car type: AUV

Car price: ₱3,622,000

Downpayment: 50%

Loan tenure: 60 months

When you input these values into a PNB loan EMI calculator, you get the following outcome:

Downpayment: ₱1,811,000

Amount to borrow: ₱1,811,000

Monthly payment: ₱38,865

**Example 3: **Consider a PNB auto loan with the below inputs:

Car brand: Toyota

Car type: Passenger car

Car price: ₱4,900,000

Downpayment: 20%

Loan tenure: 20 months

When you input these values into a PNB loan EMI calculator, you get the following outcome:

Downpayment: ₱980,000

Amount to borrow: ₱3,920,000

Monthly payment: ₱343,491

Consider a PNB housing loan with the below inputs:

Purpose of loan: House construction

Property selling price or property appraised value: ₱11,000,000

Downpayment: 40%

Loan tenure: 20 years

Fixed interest rate for: 20 years

When you input these values into a PNB loan EMI calculator, you get the following outcome, and it shows how much your loan may cost on loan maturity:

Downpayment: ₱4,400,000

Borrowed amount: ₱6,600,000

Monthly payment: ₱64,788.46