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Bajaj Finance Personal Loan EMI Calculator

To calculate the EMIs for your Bajaj Finance Personal Loan, you can use the free EMI calculator on Bajaj Markets.

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This tool allows you to input the loan amount, interest rate, and tenure to calculate your monthly instalments. Additionally, it provides the total interest payable and overall loan cost.

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Your Personal Loan EMI
₹ 6,070
Total Interest Amount
₹ 182,688
Principal Amount
₹ 400,000
Total Payable Amount
₹ 582,688
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months drop-down-img
  • Years
- +
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Max value reached
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You can also make instant comparisons between loan offers from over 20 personal loan providers on Bajaj Markets.

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You can also evaluate the total interest amount and overall payable amount for better financial planning and budgeting.

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The Bajaj Finance EMI calculator helps you compare different tenure and interest rate combinations to find an EMI that fits your budget.

The EMI for a Bajaj Finance Personal Loan can be calculated using the following formula:

EMI =P×r×(1+r)n(1+r)n−1

Where:

  • P = Loan principal amount

  • r = Monthly interest rate (annual rate divided by 12)

  • n = Loan tenure in months

Here is a detailed breakdown of EMI amounts for a ₹5 Lakhs loan at a 10% interest rate, with tenure options of up to 5 years.

Loan Amount 

Tenure (Years)

Interest Rate

Total Interest Amount

EMI

₹5 Lakhs

1

10%

₹27,495.32

₹43,957.94

₹5 Lakhs

2

10%

₹53,739.12

₹23,072.46

₹5 Lakhs

3

10%

₹80,809.37

₹16,133.59

₹5 Lakhs

4

10%

₹1,08,702

₹12,681.29

₹5 Lakhs

5

10%

₹1,37,411.34

₹10,623.52

*Disclaimer: The above values are for illustrative purposes only. Reach out to Bajaj Finance to check the actual EMI amount payable.

The Personal Loan EMI Calculator is a user-friendly tool designed to help you plan your loan effectively and make informed financial choices.

Here are some more of the key benefits of using this calculator:

Free and Accessible

You can use the EMI calculator anytime at no cost, making loan planning simple and convenient.

Quick and Accurate Estimates

Get instant and precise EMI calculations to understand your repayment commitments before applying.

No Complex Calculations Required

Just enter a few basic details, and the calculator will do the work for you—no technical expertise needed.

Better Budget Management

Knowing your EMI beforehand allows you to manage your budget efficiently, adjust your loan tenure, and borrow responsibly.

Several factors influence the EMI of your Bajaj Finance Personal Loan. Understanding these can help you plan your finances effectively and choose a personal loan that fits your budget.

The following factors can affect your personal loan EMIs:

Loan Amount

The higher the loan amount, the higher the EMI. For example, a ₹2 Lakhs loan will have a larger EMI than a ₹45,000 loan if the tenure and interest rate remain unchanged.

Interest Rate

A higher interest rate increases your EMI. For instance, a loan with a 18% annual interest rate will have a higher EMI than one at 15%, given the same tenure and loan amount.

Loan Tenure

A longer repayment period lowers your EMI but results in a higher overall interest payment.

Type of Interest Rate

With a fixed interest rate, your EMI remains the same throughout the loan term. In contrast, a floating rate fluctuates based on market conditions, which can lead to variations in EMI amounts.

Repayment Schedule

The frequency of repayments, whether monthly, quarterly, or biannually, impacts how your EMI is structured. While most borrowers opt for monthly payments, some lenders offer flexible schedules that influence the overall repayment plan.

Utilise the following mediums to pay your EMIs for a Bajaj Finance Personal Loan:

  • Credit card

  • Debit card

  • UPI

  • e-Wallet

  • Net banking

 You can pay your EMIs on the Bajaj Finserv website or app.

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Frequently Asked Questions

Bajaj Finance Personal
Are there any charges associated with using a Bajaj Finance Personal Loan EMI Calculator?

No. You can use the Bajaj Finance Personal Loan EMI Calculator for free, as many times as required.

Yes, making prepayments on your personal loan reduces the outstanding principal. This may lead to lower EMIs or a shorter loan tenure, depending on the lender's terms.

To enable auto-pay for your Bajaj Finserv personal loan EMI, you can register an e-mandate through the Bajaj Finserv customer portal.

The maximum tenure offered is 96 months.

For a tenure of 1 year at a 10% interest rate, the EMI would be ₹26,374.77.

For a 1 year tenure at a 10% interest rate, the EMI would be ₹8,791.59.

For a 1 year tenure at a 10% interest rate, the EMI would be ₹4,395.79.

For a tenure of 1 year at a 10% interest rate, the EMI would be ₹13,187.38.

You can easily determine your EMI using the Bajaj Finance Personal Loan EMI Calculator available online.

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