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  • Bajaj Finance Personal Loan EMI Calculator is Rated as "Great!" by 1766 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
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Its instant loan approval process which i took from Bajaj fin serve for personal loan . The approval was so quick as they did in 2-3 days amount reflected in my bank account . The rate of interest is high compared to others . They gave tenure period of 1 years . Overall their service and response is good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 17, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a too expensive loan where the interest rate with them had been on the higher end. The process in getting the loan had been simple and smooth and the loan amount of 1.25L which they had provided me has been satisfactory. There has not been any hassle faced during the whole process and i am satisfied with the services of them.
      Was this review helpful? 4
      , chennai
      Reviewed on Jul 13, 2018
    • Bajaj Finserv Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BAJAJ 1 years back. The loan amount was 1 lakh and the interest rate was bit high and the tnrue period was 2 years . The process was very immediate and hassle free . I have upload ll my documents through on line so i had smooth loan experience here .The processing fee was also nominal.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 13, 2018
    • Bajaj Finserv Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BAJAJ 6 months back. The loan amount was 1,40,000 and the interest rate was very high . The tenure period was 4 years . The process was very simply and the documentation was very simple. They have provide door step service for collected documents but the processing fee was bit high.
      Was this review helpful? 5
      , secunderabad
      Reviewed on Jul 13, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Bajaj Finserv and my loan experience was good, the loan amount was for Rs 78000 with nominal interest when compared to others. Customer service was good and they followed up on time. The tenure period for this loan is 18 months.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Jul 12, 2018
    • Bajaj Finserv Personal Loan
      "BAJAJ FINSERVPersonal Loan"
      0.5 0.5/5 "Unacceptable"
      I've taken a personal loan from the Bajaj Finserv for 60,000 and I only get 52,963, the loan process was easy and hassle free. But the interest rate was very high with them. I am paying the EMI of 2267 per month. That is am Paying as 55,037 amount as intrest for the amount only 52,963, I am very dis-satisfied with your service. My loan is amount smaller than your intrest. Overall they need to lower the interest rate considering the personal loan.
      Was this review helpful? 2
      , aurangabad
      Reviewed on Jul 11, 2018
    • Bajaj Finserv Personal Loan
      "The interest rate is high"
      0.5 2.0/5 "Expected more"
      I've taken a personal loan from the Bajaj Finserv for 513000, the loan process was easy and hassle free. But the interest rate was very high with them. I am paying the EMI of 12000 per month. Overall they need to lower the interest rate considering the personal loan.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jul 05, 2018
    • Bajaj Finserv Personal Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      My personal loan was taken with BAJAJ 1 year back. The loan amount was 40,000 and the interest rate was very high . The tenrue period was 24months .The customer service and responses was up to the mark. The documentation process was good but the interest rate which they have said before the process was bit low than the given interest rate . The processing fee was also high .
      Was this review helpful? 1
      , coimbatore
      Reviewed on Jul 05, 2018
    • Bajaj Finserv Personal Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      My personal loan was taken with BAJAJ 1 year back. The loan amount was 40,000 and the interest rate was very high . The tnrue period was 24months .The customer service and responses was up to the mark. The documentation process was good but the interest rate which they have said before the process was bit low than the given interest rate . The processing fee was also high .
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 04, 2018
    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the Bajaj fin serve which they approved instantly ,its instant approval process. As am not satisfied with the rate of interest which is quiet high. They provided the tenure period of 5 year and i make the payment monthly though ECS also there are no processing fees too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 03, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken with BAJAJ 1.5 years back. The loan amount was 1 lakh. . The tenure period was 3 years . Their customer service and responsiveness was good. The documentation was very easy and the processing fee was also nominal.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 03, 2018
    • Bajaj Finserv Personal Loan
      "Not Satisfactory"
      0.5 2.0/5 "Expected more"
      The process in getting the loan has been easy and smooth and the loan amount which they had given had been satisfactory. But the interest rate with them has been little high. I had taken this loan for marriage purpose. There has not been any issues faced with the banking services.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 30, 2018
    • Bajaj Finserv Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a very good experience with them so far and their service has been prompt. The interest rate with them had been very good and the loan amount which they had provided had been good as well. There has not been any issues faced with the banking services of them so far.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 28, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken with BAJAJ 6 months back. The loan amount was 55 lakhs and the interest rte was not satisfactory since they did not give what they have promised me. The tenure period was 5 years . The customer service and responses was very bad . I would say that they are worse than UBI and SBI. Here the processing fee was also high .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2018
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The services which they had provided so far had been very good and the customer support also had been very good as we don't have to make any follow up with them by visiting the branch or by calling them. But the interest rate with them had been quite high comparatively.
      Was this review helpful? 0
      , asansol
      Reviewed on Jun 26, 2018
    • Bajaj Finserv Personal Loan
      "The response should be improved"
      0.5 2.5/5 "Just OK"
      I took a personal loan from the Bajaj Finserv for for 70000. After availing to loan the response was good. They need to make the customer support more flexible. I never had any issues with their services. The whole loan process was easy but the customer support needs considerable improvements.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2018
    • Bajaj Finserv Personal Loan
      "Best"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Bajaj Finserv and the interest rate is around 11% to 12%. Customer service is okay and the rate of interest is on higher end. The loan amount got disbursed within two days of time and everything is good one with them till now.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jun 23, 2018
    • Bajaj Finserv Personal Loan
      "Customer service response is less"
      0.5 5.0/5 "Blown Away!"
      The provided the best services. The given a time to time services. Overall the services are best. The processing fee and interest rates are nominal. I have applied a loan amount for 5.6 lakhs for that I'm paying a EMI of 12000. I have taken the loan before 2 years.
      Was this review helpful? 0
      , jaipur
      Reviewed on Jun 22, 2018
    • Bajaj Finserv Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with BAJAJ 3 years back. The loan mount was 75,000 and the given interest rate was not satisfactory . The customer service and responses was good. The interest rate was very high and the processing fee was also bit high but they sanctioned the loan within the committed time.
      Was this review helpful? 0
      , rajahmundry
      Reviewed on Jun 22, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took a loan from the Bajaj Finserv for 60000, The interest rate is high when comparing with other financial institutions, Application was easy. I got the loan with in 2-3 days. Overall it has been a good experience with the Bajaj Finance. They should keep their interest rate in par with other banks in the market.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Jun 21, 2018
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