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  • Bajaj Finance Personal Loan EMI Calculator is Rated as "Great!" by 1789 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.

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    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
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Bajaj Finserv and my experience was good, the loan amount was for Rs 3 lacs with nominal interest when compared to others. Customer service was good with Bajaj and they responded on time. The tenure period for this loan is 3 years.
      Was this review helpful? 2
      , bangalore
      Reviewed on Sep 17, 2018
    • Bajaj Finserv Personal Loan
      "Easy process"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Bajaj Finserv. The customer services and response is good. The rate of interest and processing charges are normal. The process to get the loan is good and I got the loan amount I needed. The after loan services are good too.
      Was this review helpful? 8
      , indore
      Reviewed on Sep 07, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      My experience was average with Bajaj Finserv for personal loan, the process was smooth and i received my loan amount on time. The interest rate was too high when compared to others in the market. Customer service was not up to the mark and the tenure period for this loan is 3-4 years.
      Was this review helpful? 7
      , bangalore
      Reviewed on Aug 29, 2018
    • Bajaj Finserv Personal Loan
      "Need to have clarity in the process"
      0.5 1.0/5 "Really Bad"
      I had taken a over draft loan with Bajaj Finserv. It has not been a good experience as there were hidden charges and the pre closure was very hectic and there was no clarity. I am not happy with the services and the process and I would not recommend them.
      Was this review helpful? 9
      , navi mumbai
      Reviewed on Aug 29, 2018
    • Bajaj Finserv Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv is pretty good in the process for the personal loan. The customer services and response is good. There are no issues in the process. I received the loan on time and as needed. The rate of interest and processing charges are also fine.
      Was this review helpful? 7
      , hyderabad
      Reviewed on Aug 27, 2018
    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with BAJAJ 1 year back. The loan amount was 2 lakhs and the interest rate was satisfactory . The tenure period was 48 months . The customer service and responses was up to the mark. Its a very quick approval and fats process too. The documentation was smooth and processing fee was better than AXIS BANK.
      Was this review helpful? 16
      , coimbatore
      Reviewed on Aug 21, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      My personal loan experience was good with Bajaj Finserv, the loan amount was for Rs 1 lakh with high interest rate when compared to others. Customer support was very good and they responded on time. The tenure period for this loan is 3 years out of which 11 months already completed.
      Was this review helpful? 9
      , hyderabad
      Reviewed on Aug 17, 2018
    • Bajaj Finserv Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with Bajaj Finserv. The customer services and response is good and I got the loan with ease. They are also normal on the rate of interest and processing charges. It is around 14%. The after loan services are also satisfactory.
      Was this review helpful? 13
      , pune
      Reviewed on Aug 17, 2018
    • Bajaj Finserv Personal Loan
      "High on ROI and charges"
      0.5 5.0/5 "Blown Away!"
      I have also taken a personal loan with Bajaj Finserv. The customer services are good and they are responsive too. They collected my paper work on time. But they have offered me a very high interest rate and processing charges when compared to the other banks.
      Was this review helpful? 8
      , dibrugarh
      Reviewed on Aug 11, 2018
    • Bajaj Finserv Personal Loan
      "Swindling agents"
      0.5 0.5/5 "Unacceptable"
      This is a company filled with cheats and they are trained in manipulating the customers. I was looking for a personal loan and these guys approached me with and low interest rate and promise to process it in 2-3 days. I have provided all the docs and these guys vanished after collecting the docs. I had to follow up and they didn't bother to update. These are the guys you shouldn't be dealing with: 9315259918 - Channel partner 9900343413 - Hari Krishna 8296071339 - Jaykumar and his boss Manjunath
      Was this review helpful? 14
      , bangalore
      Reviewed on Aug 09, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Bajaj finserv and my experience was good, the loan amount was for Rs 1 lakh with high interest rate when compared to others. Customer service is good and they responded on time. The tenure period for this loan is 3 years.
      Was this review helpful? 14
      , kolkata
      Reviewed on Aug 07, 2018
    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Bajaj Finserv and my loan experience was good, the loan amount was for Rs 1.5 lakhs with nominal interest rate when compared to others. There are no charges on preclosure. Part payment was allowed anytime and the internet service is very good in Bajaj.
      Was this review helpful? 11
      , coimbatore
      Reviewed on Aug 06, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan from Bajaj Finserv and the experience was good, the loan amount was for Rs 1.25 lakhs with nominal interest rate when compared to others. Customer service was good and they responded on time. The tenure period for this loan is for 3 years.
      Was this review helpful? 11
      , coimbatore
      Reviewed on Aug 01, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 3.0/5 "Satisfactory"
      My experience with Bajaj Finserv for personal loan was good, the process was smooth and i received my loan amount on time. I am planning to preclose this loan as the rate of interest is very high. The loan amount was for Rs 2 lakhs with the tenure period of 3 years.
      Was this review helpful? 11
      , bangalore
      Reviewed on Jul 31, 2018
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      I have taken my personal loan with BAJAJ 4 years back. The loan amount was 3 lakhs and the interest rate was satisfactory . The EMI period was 5 years back.Their service and really good and it was complete paperless. The pre closure process was quite easy and fast when compared with other banks. The processing fee was bit high .
      Was this review helpful? 16
      , pune
      Reviewed on Jul 28, 2018
    • Bajaj Finserv Personal Loan
      "Service is superb"
      0.5 5.0/5 "Blown Away!"
      Processing fee is nominal. I have taken this personal loan recently. From the next month only my first month EMI is going to deduct. I have applied the loan amount of Rs. 2.61 lakhs and they have offered me a interest rate of 10.99%. They made the loan within 48 hours and very quick process also.
      Was this review helpful? 12
      , bangalore
      Reviewed on Jul 26, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken personal loan from BAJAJ FINSERV , Am not satisfied with the rate of interest which is high but had to go with it based on my situation . Where there are processing fees They instantly approved They gave the tenure period of 36 year and made the payments through ECS,
      Was this review helpful? 10
      , bangalore
      Reviewed on Jul 25, 2018
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BAJAJ few months back. The loan amount was 4,80,000 and the interest rate was very high . The tenure period was 5 years . I am satisfied with the customer service and reposes . There is no tediousness faced . The process was very smooth and good . The loan was approved on time and the processing fee was also nominal.
      Was this review helpful? 10
      , chennai
      Reviewed on Jul 25, 2018
    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bajaj Finserv was good, the process was smooth and the loan amount was disbursed on time. The loan amount was for Rs 6.5 lakhs with nominal interest rate in the market. Customer service was good and the tenure period for this loan is 5 years.
      Was this review helpful? 14
      , hyderabad
      Reviewed on Jul 25, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from the Bajaj Finserv for 1.5 lacs. The interest was on the higher side when comparing with the other financial institutions in the market. The whole application and the documentation process was easy and hassle free.
      Was this review helpful? 9
      , chennai
      Reviewed on Jul 24, 2018
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