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  • Bajaj Finance Personal Loan EMI Calculator is Rated as "Great!" by 1811 Users

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    Bajaj Finance Personal Loan EMI Calculator

    Bajaj Finance Limited is one of India’s most diversified non-banking financial company (NBFC) investing heavily in technology, people, and processes. Bajaj Finserv believes in focussing on both existing as well as new customers. A personal loan serves as a huge financial support in times of need and helps us achieve many goals in life. The personal loan offered by Bajaj Finserv can be availed online with approval in five minutes and disbursal within 72 hours. Bajaj Finance Limited grants personal loans of up to Rs.25 lakh which you can repay within 24 to 60 months.

    Perfect Personal Loan Deals for you

    How To Use BankBazaar Bajaj Finance Personal Loan Calculator to understand your Personal Loan Repayment

    The Bajaj Finance Personal Loan can be repaid in EMIs (Equated Monthly Installments). EMIs consists of the principal amount along with the applicable interest charges. Before applying for a loan, it is important to understand the breakup as well as the EMI amount. Knowing the exact amount helps you in financial planning as you would be paying this amount as repayment towards the loan over a fixed period of time.

    The Personal Loan EMI Calculator of BankBazaar is a comprehensive tool that helps in determining the instalment amount of the loan. It also gives a detailed breakup of various charges. The online tool uses an amortisation table to give instant output. To use the BankBazaar loan EMI calculator, all you have to do is visit the homepage and click on the drop down menu on the extreme right. From the list, select finance tools and then ‘EMI calculator’. The page prompts you to enter loan details such as loan amount, tenure, and rate of interest, processing fee and whether or not you would like to make pre-payments. Click on calculate to generate the monthly EMI that you will incur towards the loan and other details.

    How does the Bajaj Finance Personal Loan EMI Calculator Work?

    You must enter the loan amount you want to borrow and other details in the online EMI calculator. The formula that the calculator uses is:

    E = P x R x (1+R) ^n/ [(1+R) ^n-1]

    Where, E is the EMI that is required to be paid monthly

    P is the amount to be borrowed

    R is the interest rate on a monthly basis

    n is the loan tenure in months

    Apart from these basic components, the calculator also uses processing fee sometimes to calculate the EMI. It is different at different NBFC as it is typically a certain percentage of the loan amount borrowed from the lender. The processing fees can be anywhere between 1% and 3%.

    Features and Benefits of Bajaj Finance Personal Loan EMI Calculator

    Determination of EMI:

    The online EMI calculator accurately calculates the exact EMI to be paid towards the Bajaj Finance Personal Loan. This enables advance planning of our monthly budget and expenses. Also, the figures from this tool can be used to negotiate with the lender to provide better rates.

    Use of Amortisation Table:

    The amortisation table in the calculator enables generation of a detailed breakup of the principal amount and interest charges required to be paid monthly until the end of tenure. This can also provide assistance for considering and calculating loan repayment terms like pre-closure.

    Finance Charges Details:

    The online tool also displays a pie-chart presenting a breakup of the financial charges towards the loan. Being aware of information such as processing fee and interest charges may help you in attaining a better deal with the NBFC.

    Bajaj Finance Limited Personal Loan Calculator FAQs

    1. Does the Bajaj Finance Personal Loan Calculator give an accurate calculation of the EMI amount?

      Usually, the calculations are done on a reducing balance principal and are almost accurate. However, it may vary from each lender based on the method of calculation.

    2. If I want to pre-close my loan with Bajaj Finserv, can the online calculator be of any use?

      Yes, the calculator allows you a clearer idea of the EMI as it gives a detailed breakup of the same. By using this tool, you can compare the change in interest charges applied on the outstanding loan balance.

    3. Can the same EMI calculator be used to calculate the EMI for loans from other NBFCs as well? Yes, this is a tool that can be used universally by changing the loan details offered by various financial institutions.

    Personal Loan Reviews

    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with Bajaj Finserv from long time,the loan amount which they have given me was sufficient and the rate of interest they have charged me was up to 30% it was bit higher and the processing fee was nominal, there was no hidden charges they have taken apart from that, overall service is good.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Nov 16, 2018
    • Bajaj Finserv Personal Loan
      "Fradulant practices in Bajaj"
      0.5 1.0/5 "Really Bad"
      They have provided highest interest rate and highest processing fee. Its like the cheating company. I have closed the loan within a month because of this issue. They have charged huge number of amount before disbursing the loan. I have applied the loan amount of Rs, 3 lakhs but they have provided Rs. 21 lakhs without any prior intimation. They have said I'm eligible for 21 lakhs they have charged the processing fee for Rs. 21 lakhs instead of Rs. 3 lakhs. I have complained to them and there was no action taken from them.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 16, 2018
    • Bajaj Finserv Personal Loan
      "Bad service"
      0.5 1.0/5 "Really Bad"
      I have been holding my personal loan with BAJAJ FINSERV for long time, the loan amount was not sufficient for me they have given me up to 40,000 , the rate of interest they have charged me was too high they have charged up to 20% and processing fee they have charged me and there i where using bajaj finserv card they had block my card as my loan amount was not clear and there service is not good.
      Was this review helpful? 2
      , pune
      Reviewed on Nov 15, 2018
    • Bajaj Finserv Personal Loan
      "Dissatisfactory"
      0.5 2.0/5 "Expected more"
      I have personal loan with Bajaj Finserv, the customers response is bad. They have huge interest rate around 19.6% for the amount of Rs. 99,000. Bajaj IVR helpline is very bad, most of time it can't be reachable and it wont connect with the executive, they need work on their service.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 14, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Services"
      0.5 3.0/5 "Satisfactory"
      The personal experience was cool. I have got the loan 5 years back During that time the loan process was good. I have chosen the loan for 5 years however i have closed the loan within 2 years. They have given me a partial payment options and there is no charges for pre-closure. They have sanctioned me a loan amount of Rs. 3.5 lakhs.
      Was this review helpful? 1
      , kolkata
      Reviewed on Nov 13, 2018
    • Bajaj Finserv Personal Loan
      "Good company offering various options to the customer. "
      0.5 4.5/5 "Excellent!"
      I have bought a very less amount of Rs. 1 lakhs and they have charged me a 13% as a interest rate. Even through its a small company, they have a wide range of products available. The interest rates are very less companies. They have very good franchise. I didn't find any kind of hassles and the branch office available all over India even in a small places also. Their support has been really good.
      Was this review helpful? 2
      , chennai
      Reviewed on Nov 12, 2018
    • Bajaj Finserv Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have applied for the loan from the BAJAJ FINSERV and i have taken the personal loan before five months. The rate of interest is 14% which is higher compare to the others but the part payment option is there in this loan. the duration is for three years to pay the loan.
      Was this review helpful? 5
      , bellary
      Reviewed on Nov 07, 2018
    • Bajaj Finserv Personal Loan
      "Interst rate should be reduced"
      0.5 1.0/5 "Really Bad"
      I have loan with Bajaj Finserv for the amount of Rs.1.5 lakh, they gave me the higher interest around around 29% for the tenure of 36 months. I am not happy with the interest rate part and they have taken processing fee from the loan disbursement amount.
      Was this review helpful? 6
      , kanpur
      Reviewed on Nov 05, 2018
    • Bajaj Finserv Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I also have a personal loan with Bajaj Finserv, the services are very good and there are no hassles in the overall experience. There are options for part payment and pre closure too. There were follow up calls as well in the process. Good in all.
      Was this review helpful? 8
      , pune
      Reviewed on Oct 30, 2018
    • Bajaj Finserv Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The experience with this loan has not been bad. The process in getting the loan has been smooth and easy but the interest rate with them has been very high when compared with the market rate. There has been some charges as well which has been made. Their customer support has been helpful at times.
      Was this review helpful? 5
      , lucknow
      Reviewed on Oct 29, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience in getting this loan has been smooth and easy and i had taken this loan for my personal purpose. The interest rate with them has been nominal when compared with the market rate, and there has not been any sort of additional charges. The loan amount which they had given me also had been satisfactory as well.
      Was this review helpful? 8
      , bangalore
      Reviewed on Oct 25, 2018
    • Bajaj Finserv Personal Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the Bajaj finance which they approved in 2-3 day and the amount is reflected in next day ,its instant approve process. As am satisfied with the rate of interest which is quiet nominal one They provided the tenure period of 1-5 year and i make the payment monthly though ECS There is nominal processing fees also,
      Was this review helpful? 13
      , chennai
      Reviewed on Oct 17, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The experience i had with this loan has been good and they had given me a loan amount of 5,00,000 which has been satisfactory. The interest rate with them has been okay but there has been charges made by them which was not even intimated. They had promised something and had taken something.
      Was this review helpful? 14
      , hyderabad
      Reviewed on Oct 17, 2018
    • Bajaj Finserv Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The process in getting this loan has been smooth and easy and the loan amount which they had provided had been satisfactory. They had been charged me with some processing fee but there has not been any sort of additional charges. The interest rate which they offered also had been good where it was comparatively less.
      Was this review helpful? 10
      , bangalore
      Reviewed on Oct 15, 2018
    • Bajaj Finserv Personal Loan
      "Good Financial service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from Bajaj finance pvt . Am satisfied with the rate of interest which they have provided . There is no processing fees for the loan which is nominal one. I make the payments through Ecs every month . They gave the tenure period of 36months . They did quick documentation and received the loan.
      Was this review helpful? 12
      , new delhi
      Reviewed on Oct 09, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with Bajaj Finserv for personal loan, the process was smooth and i received my loan amount on time. The loan amount was for Rs 1 lac with high interest rate. Customer service was good and the tenure period for this loan is for 2 years.
      Was this review helpful? 10
      , new delhi
      Reviewed on Oct 08, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The loan experience i had with them has been pretty good and the loan amount which they had provided had been sufficient. The process has been completely online and it has been easy except they had collected the cheques directly. The interest rate has been less when compared with the market rate, and their customer support has also been good as well.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Oct 06, 2018
    • Bajaj Finserv Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      The process was smooth with Bajaj Finserv for personal loan and it was a good experience. The loan amount was for Rs 1.6 lacs with high interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is 4 years.
      Was this review helpful? 9
      , hyderabad
      Reviewed on Oct 01, 2018
    • Bajaj Finserv Personal Loan
      "Easy option"
      0.5 5.0/5 "Blown Away!"
      Bajaj finserv personal loan interest rate was nominal. They offered me around 11.5% of interest very long days back . The processing fee was nominal in Bajaj, the time taken for processing was quick. Now I repaid my loan and got my NOC letter.
      Was this review helpful? 15
      , pune
      Reviewed on Sep 28, 2018
    • Bajaj Finserv Personal Loan
      "High on ROI"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Bajaj Finserv and it was not a easy process to get the loan. The process is long and not up to the mark. I have taken a loan of 1.20 Lakh. The rate of interest and processing charges are high when compared to the other banks.
      Was this review helpful? 15
      , hyderabad
      Reviewed on Sep 27, 2018
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