Multiple banks. Different interest rates. Call it a "conflict of interest".
  •  Loading your search... Loading your search...
  • Bajaj Finance Personal Loan EMI Calculator is Rated as "Great!" by 1559 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Bajaj Finance Personal Loan EMI Calculator

    Overview about Bajaj Finance Personal Loan

    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
      "Charges should be reduced"
      0.5 4.0/5 "Great!"
      Bajaj Finserv service is good, but rate of interest was higher side and they have mandatory insurance , they are focusing the customer to take insurance. I paid the premium of Rs.25,000 for 5 years of insurance for the personal loan. I took the amount 12 lakhs,even interest rate was good but concern about the charges.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 21, 2017
    • Bajaj Finserv Personal Loan
      "Best customer service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from Bajaj Finserv, i was happy that my loan amount was approved and the required amount was disbursed. I have taken loan for 1.25 lakhs with rate of interest of 18.00% per annum. The customer service was excellent, they provided a door step service for the collection of documents and my loan amount was approved within 48 hours.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 21, 2017
    • Bajaj Finserv Personal Loan
      "Services are good. But high charges"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Bajaj Finserv and the customer services are excellent. They collected my documents on time and also processed the details. But they have exorbitant interest rates and charges. Else they are flexible and supportive.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 20, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It was a good service from BAJAJ for my personal loan service but the rate of interest rate they offered was little high but the staffs of BAJAJ is very responsible they collected all my documents at my door step so it was very much helpful during the documentation process ,the service of BAJAJ is average.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 20, 2017
    • Bajaj Finserv Personal Loan
      "Interest rate and charges should be reduced"
      0.5 4.0/5 "Great!"
      Bajaj finserv offered me higher interest rate around 14 to 15% it is huge compared to other competitor for the personal loan. I took the loan amount 1 lakh, they processing me very fast. But it would be better if they reduce the interest and charges.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 19, 2017
    • Bajaj Finserv Personal Loan
      "Quick and Fast Service"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with Bajaj Finance as a complimentary they offered me health insurance. ROI was little high when i apply for it since am not aware unable to compare with other bank and get the loan. The duration period is 3 years and I have completed almost 1 year. I pay EMI of Rs.2500 through ECS. They offered me a EMI card which is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 17, 2017
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The bajaj loan was good in regards to my personal loan application. I got the personal loan with bajaj around a year ago. They have disbursed my loan amount within 3 to 4 working days. The rate of interest is high with BAJAJ when compared with others banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • Bajaj Finserv Personal Loan
      "Its an alternative option"
      0.5 3.0/5 "Satisfactory"
      Bajaj Finserv interest part is very high for the personal loan which it compared with other financial institute, it is the main reason to close the loan through foreclsoure. But they are charging addition fee around 7% on the principal amount.
      Was this review helpful? 0
      , indore
      Reviewed on Oct 17, 2017
    • Bajaj Finserv Personal Loan
      "average service"
      0.5 3.5/5 "Pretty good"
      I had a personal loan with BAJAJ the service was decent their communication was good in a decent manner but their customer service is not much I expected from BAJAJ but the rate of interest is better but they asked for lot of documents still the service of BAJAJ is average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Bajaj Finserv Personal Loan
      "Dissatisfied Service"
      0.5 1.0/5 "Really Bad"
      Bajaj Finserv approved the loan amount of Rs. 6lakhs, but I need the loan of Rs. 2 lakhs but they told me it was flexi loan. But they charged me 1.5% of processing fee for whole Rs.6 lakhs including insurance fee. Without my confirmation they charged all the amount. It was really bad and I couldn't reach their customer service for any queries.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 14, 2017
    • Bajaj Finserv Personal Loan
      "Interest rate and charges should be reduced"
      0.5 1.0/5 "Really Bad"
      I am not satisfied with Bajaj Finserv personal loan interest, they offered me 15% for the amount 1.25 lakh and also they taken huge processing fee. Finally Rs.1.08 lakh only credited in my account. Initially they gave basic information about the personal loan but they not disclosed about the rates and charges it should be transparent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 13, 2017
    • Bajaj Finserv Personal Loan
      "execellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with BAJAJ finance month back .The loan amount was 20,000 and the rate of interest was 8-9% which was satisfactory.The EMI period was 15 months. They have provided door step service for the documentation collection and they have sanctioned the loan with in 3 days so I would like to recommend and rate 5 out of 5 overall.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 11, 2017
    • Bajaj Finserv Personal Loan
      "Helpful"
      0.5 5.0/5 "Blown Away!"
      I applied for a Personal loan with Bajaj Finserv in a time when I need it the most. And I got the loan instantly the procedure were simple and were not time consuming.I applied for a Rs.40000 loan which i got instantly. Thank you so much Bajaj Finserv.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 11, 2017
    • Bajaj Finserv Personal Loan
      "Friendly"
      0.5 5.0/5 "Blown Away!"
      They let me know were my credit score was lagging. The person who got the loan put his neck out for me. Interest rate is little high though. I really like the friendliness of this bank, and has a very high recommendations for them. They really did impress me.
      Was this review helpful? 0
      , ponda
      Reviewed on Oct 10, 2017
    • Bajaj Finserv Personal Loan
      "Pre-approved personal loan"
      0.5 5.0/5 "Blown Away!"
      I got a pre approved personal loan from BAJAJ FINSERV.So there wasn't any documentation needed.The disbursed loan amount was 1 lakh 19 thousand.The rate of interest was 16.5% with monthly EMI 5200 for 28 months. I can suggest BAJAJ FINSERV for personal loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 09, 2017
    • Bajaj Finserv Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv is very good and they providing a good customer service. Executive is very kind and clarified all my doubts. I make my payment through ECS. They asked me to keep the documents ready, executive will come and collect it. Rate of interest is better with Bajaj Finserve.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 09, 2017
    • Bajaj Finserv Personal Loan
      "Rate of Interest is very high"
      0.5 1.0/5 "Really Bad"
      Bajaj Finserve promised me they would disburse the personal loan amount within one day but it took almost a week. They are not responding me properly. The rate of interest in Bajaj Finserve is 13% which I felt is lot more that what others offer.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 09, 2017
    • Bajaj Finserv Personal Loan
      "Approachable bank"
      0.5 4.0/5 "Great!"
      BAJAJ FINSERV approved my personal loan.And it took 10 working days for the approval. The disbursed loan amount was 580000 with a rate of interest of 14 %. The monthly EMI is 20000 with 36 of tenure.The most disappointing thing about the BAJAJ FINSERV was there is no proper customer service.For the status of my application i used to sent mail and after 48 hours the reverted me with the status.And the processing fees came around 30000 which is still i am confused with.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 08, 2017
    • Bajaj Finserv Personal Loan
      "average service"
      0.5 3.5/5 "Pretty good"
      Service is good from BAJAJ as I got my personal loan from BAJAJ ,documentation part was fine and easy and customer service and other representatives are very helpful ,I can say the overall service is average from BAJAJ . No issue till now from BAJAJ.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Oct 07, 2017
    • Bajaj Finserv Personal Loan
      "Dissatisfied service"
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan with Bajaj fin serv. customer service is not satisfactory they promised to give 13% initially ,it was processed they gave it for 26% is really high however, am panning to close the Emi,foreclosure is 4%.Totally not convinced with the service.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 07, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.