Prime Minister Loan EMI Calculator – Calculate Monthly Installments for PMYB&ALS (2025)
Understanding the PM Loan EMI Calculator
The Prime Minister Loan EMI Calculator helps applicants estimate their monthly repayments under the PM Youth Business & Agriculture Loan Scheme (PMYB&ALS). EMI (Equated Monthly Installment) is the fixed payment you make every month to repay the loan within the selected tenure.
The calculator is essential for planning finances before applying, as it gives a clear view of:
- Monthly repayment amount
- Total interest payable
- Total repayment over the loan tenure
- Impact of different tenures and loan amounts
Loan Tiers and Markup Rates
PM Youth Loan Scheme is divided into three tiers:
| Tier | Loan Amount | Markup Rate | Tenure | Collateral |
|---|---|---|---|---|
| Tier 1 | Up to PKR 500,000 | 0% (Interest-Free) | 1–8 years | No |
| Tier 2 | PKR 500,001 – 1.5 Million | 5% | 1–8 years | May be required |
| Tier 3 | PKR 1.5 Million – 7.5 Million | 7% | 1–8 years | Yes |
EMI Calculation Formula
The standard EMI formula used in banking is:
EMI = [P x R x (1+R)^N] / [(1+R)^N – 1]Where:
- P = Principal Loan Amount
- R = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
- N = Total Number of Months
For Tier 1 (interest-free), EMI = Loan Amount ÷ Number of Months.
Tier-Wise EMI Examples
Tier 1 Example
Loan Amount: PKR 400,000
Tenure: 8 Years (96 Months)
Markup: 0%
EMI = 400,000 ÷ 96 = PKR 4,166/month
Tier 2 Example
Loan Amount: PKR 1,000,000
Tenure: 5 Years (60 Months)
Markup: 5%
Monthly Interest Rate: 5 ÷ 12 ÷ 100 = 0.00416
EMI ≈ PKR 18,870/month
Tier 3 Example
Loan Amount: PKR 5,000,000
Tenure: 8 Years (96 Months)
Markup: 7%
Monthly Interest Rate: 7 ÷ 12 ÷ 100 = 0.00583
EMI ≈ PKR 68,650/month
Benefits of Using the EMI Calculator
- Plan repayment before applying
- Compare Tier 1, 2, and 3 affordability
- Adjust loan tenure to reduce EMI burden
- Avoid default by understanding financial capacity
- Helps create a business plan with accurate financial projections
How to Use the PM Loan EMI Calculator Online
- Enter loan amount (e.g., PKR 1,000,000)
- Select tier or enter markup rate
- Choose tenure (1–8 years)
- Click Calculate
- View monthly EMI, total interest, and repayment schedule
Prime Minister Loan EMI Calculator
Prime Minister Loan EMI Comparison Table (2025)
| Tier | Loan Amount (PKR) | Tenure (Years) | Markup Rate | Monthly EMI (PKR) | Total Payment (PKR) |
|---|---|---|---|---|---|
| Tier 1 | 100,000 | 2 | 0% | 4,166 | 100,000 |
| Tier 1 | 500,000 | 8 | 0% | 5,208 | 500,000 |
| Tier 2 | 500,000 | 5 | 5% | 9,434 | 566,040 |
| Tier 2 | 1,000,000 | 8 | 5% | 12,663 | 1,213,584 |
| Tier 3 | 1,500,000 | 8 | 7% | 20,595 | 1,975,200 |
| Tier 3 | 5,000,000 | 8 | 7% | 68,650 | 6,590,400 |
| Tier 3 | 7,500,000 | 8 | 7% | 102,975 | 9,872,400 |
How to Read the Table
- Tier 1: Interest-free loans have fixed EMIs based on the principal divided by tenure.
- Tier 2: 5% markup adds moderate interest, ideal for small businesses.
- Tier 3: 7% markup applies to high-value loans for large-scale businesses and agriculture.
Tips for Using PM Loan EMI Calculator Effectively
- For Tier 1, set markup rate to 0 for interest-free calculation
- Adjust tenure to see different EMI options
- Use realistic loan amounts based on business plan
- Always check affordability before applying
FAQs
Q: Can the EMI Calculator be used for all tiers of PM Youth Loan?
Yes, the calculator supports Tier 1, Tier 2, and Tier 3 loans.
Q: Does the calculator show the exact bank EMI?
It provides an estimate. Final EMI may vary slightly based on bank charges.
Q: Is the calculator free to use?
Yes, the tool is 100% free and available online.
