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  • Bajaj Finance Personal Loan EMI Calculator is Rated as "Great!" by 1734 Users

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    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.

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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
      "Better service"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan with Bajaj Finserv and the loan experience was good, the loan amount was for Rs 3.5 lakhs with high interest rate when compared to other sources. Customer service was good with Bajaj and they responded on time. The tenure period for this loan is 5 years and they 2% of the principal amount for preclosure.
      Was this review helpful? 0
      , pune
      Reviewed on May 21, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the Bajaj Finserv for 11 Lakhs. The application process was easy and with in1 week the loan amount was Credited to account. The documentation and the application process was easy and hassle free. Overall it was a good expereince.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have taken a personal loan with Bajaj Finserv and my loan experience was not good. The loan amount was for Rs 1.21 lakhs with high interest rate of 11%. The processing charges are way too high when compared to other sources. Customer service was not up to the mark and i received my loan amount within a week.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 16, 2018
    • Bajaj Finserv Personal Loan
      "Bajaj personal loan"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from BAJAJ FINSERV and the approved loan mount was 1 lakhs. The rate of interest was 17%.The interest was bit high.The monthly EMI comes around 4412 and the total tenure was for 3 years.The customer service and response with them was good.It was a pre approved loan and got the loan amount with in 1 day.
      Was this review helpful? 0
      , thrissur
      Reviewed on May 15, 2018
    • Bajaj Finserv Personal Loan
      "High rate of interest"
      0.5 3.0/5 "Satisfactory"
      I had taken a personal loan from BAJAJ FINSERV and the approved loan amount was 30000. When i applied for the the rate of interest with them was very high.The monthly emi was 2500 for 3 years and i have foreclose the loan after 1.5 years. There was no foreclosure charges with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 13, 2018
    • Bajaj Finserv Personal Loan
      "Dont' Go for Personal Loan in Bajaj"
      0.5 1.0/5 "Really Bad"
      I really fed up with the charges in Bajaj Finserv. Their interested rate is 14%. I have taken a loan amount of Rs.1.41 lakh. They deducted Rs.12000 for processing charges and insurance. I closed the loan within 3 months. I'm not aware of the all these things. I made the EMI payment of Rs. 6000 with the Tenure of 50 months. I had a worst service with them. Service charges is Rs.5000 to close the loan in 3 months.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 11, 2018
    • Bajaj Finserv Personal Loan
      "BEST SERVICE"
      0.5 4.0/5 "Great!"
      Taken personal loan from Bajaj finserv , with high rate of interest while comparing to other banks available in market. Easy approval process , am satisfied with the loan amount based on my requirements . Customer service and customer response is best in clearing queries .
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 08, 2018
    • Bajaj Finserv Personal Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      I like to bank with Bajaj Finserv because I get regular updates to my email and most of my relatives and friends bank with them. I have taken a personal loan known as Flexi pay. The benefit is this facility is that I would be allotted an amount of loan, I can use the amount what I am in need off and pay the interest rate only for the used amount and not the amount that was allotted for me. The rate of interest is of 14.25% which is on the higher side for me.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 30, 2018
    • Bajaj Finserv Personal Loan
      "Need to reduce charges"
      0.5 4.0/5 "Great!"
      My experience with Bajaj Finserv for personal loan was good, the process was smooth and i received my loan amount on time. Customer service was good and they followed up on time. The tenure period of this loan is 5 years and i preclosed the loan within 6 months.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 26, 2018
    • Bajaj Finserv Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took BAJAJ FINSERV personal loan few years ago and the loan is fully paid and it is closed. I'm happy with their customer service and assistance. The loan processing was quick and hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 23, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I got the personal loan from the BAJAJ FINSERV around 8 months ago. They have offered me the loan amount of Rs,60,000 and the rate of interest and the charges are pretty high with the BAJAJ FINSERV personal loan services. I would say I have got an average service from bajaj,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 19, 2018
    • Bajaj Finserv Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken with BAJAJ 4 years back. The loan amount was 4 lakhs and the interest rate was 15.25% which is bit high than other banks. Here there is no option to do the balance transfer. The processing fee was quite high . The pre closure is charges are there .
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 18, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The transparency is not seen in the BAJAJ FINSERV personal loan process. I have got the personal loan from the BAJAJ FINSERV around 2 years ago. The customer support service and the response is not up to the mark and they don't give proper updates to the customers.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Apr 16, 2018
    • Bajaj Finserv Personal Loan
      "Need to reduce charges"
      0.5 2.0/5 "Expected more"
      I have taken a personal loan with Bajaj finserv and my loan experience was not up to the mark. The rate of interest of 19% is way high when compared to other sources in the market. Customer service was average and the loan amount of this loan is Rs 50000-60000. I have a tenure period of 3 years for this loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 11, 2018
    • Bajaj Finserv Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bajaj finserv was very good, the loan amount was for Rs 75000 with rate of interest of 23% which is high when compared to other sources. The process was quick and i received my loan amount on time. Customer service was good and i am not aware of the tenure period of this loan.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Apr 06, 2018
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I have got the BAJAJ FINSERV personal loan around a year ago. The customer support service is good with the BAJAJ FINSERV and they give good response to the customers. This BAJAJ FINSERV personal loan gave me the average interest rate and i am satisfied with it.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 05, 2018
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 3.0/5 "Satisfactory"
      The personal loan service is average with the bajaj finserv. I have got the loan from the BAJAJ around 2 years ago. The customer support service and the response is good with the bajaj and they give good response to the customers. The rate of interest and the charges are average with the bajaj finserv.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 03, 2018
    • Bajaj Finserv Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The Bajaj finserv has disbursed the loan amount within 3 days of time. The required loan amount has been given and I am satisfied with it. The rate of inters and the charges are average with the Bajaj finserv personal loan process. The customer support service is good with the bajaj finserv.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 29, 2018
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have got the personal loan from the BAJAJ FINSERV around a year ago. The rate of interest and the charges are very high. The hidden charges are seen in the BAJAJ FINSERV personal loan process. The promises need to be fulfilled by the BAJAJ FINSERV.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 28, 2018
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bajaj finserv has offered me a personal loan based on my consumer durable track. The customer support service and the response is good with the bajaj finserv and they give good response to the customers. They have offered me Rs,1,00,000 and I am satisfied with it. The rate of interest and the charges are low with the bajaj finserv consumer durable loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 28, 2018
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