Bajaj Finance Personal Loan EMI Calculator

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.

*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.

Credit Score

Lenders use your credit score to decide loan interest rates, affecting your EMI amount. Maintaining a good score helps secure affordable EMIs. It’s wise to regularly check your CIBIL score to stay informed and improve your loan terms.

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.