Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Bajaj Finance Personal Loan EMI Calculator is Rated as "Great!" by 1649 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.

    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
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Interest and the charges are very high with the bajaj finserv personal loan services . I have got the bajaj finserv personal loan around 2 years ago. I have got the loan amount of Rs,1,26,000, with the tenure of 3 years. They have also charged the insurance amount with the bajaj personal loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 13, 2017
    • Bajaj Finserv Personal Loan
      "Personal loan with Bajaj"
      0.5 5.0/5 "Blown Away!"
      From BAJAJ FINSERV i have taken a personal loan. The total approved amount was 1.75 lakhs. The monthly EMI is 8000. The interest rate is minimal. They charged 1000 rupees as processing fees. I make the payment through cheque with bajaj.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 12, 2017
    • Bajaj Finserv Personal Loan
      "Dissatisfactory"
      0.5 1.0/5 "Really Bad"
      Bajaj Finserv sanctioned Rs.1.80 lakh, in that 15,000 got deducted for processing fee and insurance. Bajaj Finserv charged me 29.54% of interest for the tenure of 36 months. It was very high compared to other bank hence I am going to do balance transfer.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 09, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The response was not up to the mark with the bajaj finserv , I have applied a personal loan with the Bajaj ,but there was no follow up even though I have submitted the required documents to the bajaj finserv. The response part need to be improved with the Bajaj finserv
      Was this review helpful? 5
      , mumbai
      Reviewed on Dec 08, 2017
    • Bajaj Finserv Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the Bajaj Finserv and the interest rate was around 19%. Customer service is okay one with them. They have given the loan amount within a week of time and everything is good one for me with the Bajaj Finserv.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 07, 2017
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a Bajaj personal loan for a period of 36 months.The loan amount is 65,000.Net banking is user friendly and easy to navigate.I make loan payments through ECS.The rate of interest is high as compared others.I completed 7 months of EMI.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Dec 06, 2017
    • Bajaj Finserv Personal Loan
      "Looking for better interest rate"
      0.5 4.0/5 "Great!"
      I took personal loan from Bajaj Finserv, their service is not good. They don't have proper customer care at all. I took the loan amount of Rs. 50,000 for the tenure of three years, they gave me high interest rate, compared to other competitor.
      Was this review helpful? 4
      , bangalore
      Reviewed on Dec 02, 2017
    • Bajaj Finserv Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with Bajaj Finserv was good, the loan amount was for Rs 1 lakh with the best interest rate in the market. The loan period was 3 years and my loan amount was transfered directly to the account after 24 hours, The process was very smooth and easy. Documents were collected on time and the customer service was good.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 02, 2017
    • Bajaj Finserv Personal Loan
      "Good plan"
      0.5 5.0/5 "Blown Away!"
      Recently I took Bajaj personal loan, they gave me flexi pay option. When ever I make any principal amount automatically, the interest gets reduced based on tenure period. I am an existing customer of the Bajaj, hence they gave me flexi pay. Interest is good and they negotiated from 17 to 12% of interest.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 02, 2017
    • Bajaj Finserv Personal Loan
      "Decent Personal Loan"
      0.5 3.0/5 "Satisfactory"
      I took a Personal Loan with Bajaj of Rs.4.23 lakhs and felt the overall experience with it to be good. Their Rate of Interest 16% is a little higher compared to other Banks. Process of getting the Loan was short and didn't require much documentation.
      Was this review helpful? 8
      , bangalore
      Reviewed on Dec 01, 2017
    • Bajaj Finserv Personal Loan
      "OK OK EXPERIENCE"
      0.5 1.5/5 "Bad"
      I am not happy with the experience i had with BAJAJ FINSERV . the money got disbursed in 4 working days and i got a Full approval on the amount i asked for . What they communicated on call and on paper it was different . i took for 10 Lakh . They told there are no for closure charges they told me and after i got the amount there was charges they told . the customer service was good . Roi was 14% they charged on the amount . I was not happy with the for closure charges .
      Was this review helpful? 5
      , hyderabad
      Reviewed on Dec 01, 2017
    • Bajaj Finserv Personal Loan
      "Needs to improve on Customer Service"
      0.5 2.0/5 "Expected more"
      I have applied for the personal loan from Bajaj Finserv, my loan application was approved and the requested amount was disbursed. The loan amount was for Rs 6.5 lakhs with the rate of interest of 17.00% which is very high when compared to other sources. Initially they quoted the rate of interest for 12% and later they changed to 17%. Customer service was not up to the mark, they misguided and their response was not on time. The processing fees is also very high.
      Was this review helpful? 6
      , vadodara
      Reviewed on Nov 30, 2017
    • Bajaj Finserv Personal Loan
      "Easy Loan option"
      0.5 4.0/5 "Great!"
      I felt Bajaj Finserv rate of interest was huge, they offered 13.65% for the loan amount of Rs. 1.37 lakh it has the tenure of four years. Their approached me very good, initially the have called and approved the loan without any hassle, I am fine with their service.
      Was this review helpful? 5
      , bangalore
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Rate of interest offered from bajaj for my personal loan service was good compare to others in the market they provide me with 13.65 interest rate they documents have been collected from my door step it was been four months I closed the loan service it was a good experience with bajaj personal loan service.
      Was this review helpful? 2
      , bangalore
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Had the personal loan with Bajaj finserv around 2 years ago. The customer support is good with Bajaj finserv, within the promised time I have got the loan amount. The rate of interest and the charges are average with bajaj finserv. I am satisfied with the loan amount.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Interest is high"
      0.5 5.0/5 "Blown Away!"
      Owing to my continuous relationship with the Bank for over Ten years, they gave me this pre-approved Personal Loan. They were ready to give me how much ever I want. I decided to take RS.70000 loan from them. But I felt the Interest Rate offered by them is pretty high, I ended up paying Rs.25000.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      My personal loan was taken with Bajaj by this year. I am paying 1700 rupees per month through ECS. The rate of interest and charges are average. Whenever I call the customer care they don't respond properly. They blocked my card for no reason. The documentation process is simple and provided a doorstep service.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 28, 2017
    • Bajaj Finserv Personal Loan
      "Wonderful Service of bajaj Finserv, Very quick and best"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from bajaj finserv and the service I got was very quick and I got good rate of interest. They promised me for amazon vouchers worth rupees 4k, but due to some issues they could not provide me vouchers, so they transferred the amount to my account as work around. I recommend this bank to all ppl.
      Was this review helpful? 6
      , pune
      Reviewed on Nov 27, 2017
    • Bajaj Finserv Personal Loan
      "Trapped in flexi loan"
      0.5 0.5/5 "Unacceptable"
      I got message from bajaj, that 579862 Rs loan amount was section and after 2 days 546137 Rs is disbursal in my saving account, when i ask them why this amount is deducted, then they replied me its insurance amount. but before taking loan no one told about that deduction. Now day without any used of money 33725 Rs as processing fee and insurance was charged for all loan amount and deducted from the maximum possible amount sanctioned to me. Even i don't want this money, i only take this bkz they said if you are not used this all money then nothing charge to you, that's why i take this.... now i feel its by biggest mistake to take this flexi loan
      Was this review helpful? 3
      , vapi
      Reviewed on Nov 25, 2017
    • Bajaj Finserv Personal Loan
      "Quick and easy process"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Bajaj Finserv and the experience with them during that time has been good. They provide very good services and also have a quick completion of the process. The interest rate for my personal loan is around 11.5% and i find it to be nominal.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 25, 2017
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