Personal Loan EMI Calculator Online

Now that you have decided to avail a personal loan, it is critical that you plan your monthly payouts or EMIs alongside your other financial obligations. The aim is to pay the EMI on time without defaulting on it. To ensure this, you need to know the exact monthly outflow of your EMI amount. The Personal Loan EMI Calculator by Finserv MARKETS is the quickest way to know this.

There are three important inputs required when using the EMI Calculator:

  • Loan amount

This is the principal amount of Bajaj Finserv Personal loan that you wish to avail from us.

  • Rate of interest

The rate of interest is the actual cost of your personal loan application.

  • The tenure of the loan

The next input is the loan tenure or loan duration. This the total duration in months or years in which the EMI will repaid.

Use our Bajaj Finance Personal Loan EMI Calculator

** The above charges are excluding taxes
* Placeholder for disclaimers on Interest and Charges page
 **These are indicative and subject to change at the discretion of lender/ without prior notice.

Calculating your loan EMI is really a simple process. You need to click on the Personal Loan EMI Calculator on Finserv MARKETS website. After that, all you need to do is to input the following:

  • Personal loan amount
  • Rate of Interest
  • Loan tenure

You will get the amount of EMI that you need to pay for the Personal Loan according to those inputs instantly.

Benefits of a Bajaj Finance Personal Loan EMI Calculator

A Personal Loan EMI Calculator helps you to know the monthly amount that you would require to set aside for repayment of a loan. Once you are sure that you can meet the EMI payments regularly, you will be able to enter into an agreement with us. You can also negotiate on the rate of interest or the tenure of the loan. This will help you plan your finances easily and more effectively. Personal Loan EMI Calculator from Finserv MARKETS also includes a repayment schedule. A repayment schedule is a calendar of your periodic payments that you need to make throughout your loan tenure. The schedule separately shows the amount of the principal and interest component in each EMI that needs to be paid.

Bajaj Finance Personal Loan Interest Rate and Charges

With Bajaj Finserv Personal Loan, choose the rate of interest based on your preference and repay the loan over the flexible tenure. Enjoy the most competitive interest rates of Personal Loan with Finserv MARKETS. We have no hidden charges and believe in complete transparency.

  • Interest Rate: 12.99% p.a. onwards
  • Processing Fees: Up to 3.99% of the Loan Amount
  • Foreclosure Charges: 4% Of Outstanding Loan Amount + Applicable taxes
  • Convenience Fees: Rs. 4,499
  • Bounce Charges: Rs. 1,000 Per bounce + Applicable taxes
  • Penal Interest: 2% Per month on Overdue EMI + Applicable taxes
  • ECS Return Fees: Rs. 450 (Inclusive of taxes)
  • Outstation Collection Charges: Rs. 65 + Applicable taxes
  • Part-prepayment Charges: 2% On Part-payment Amount + Applicable taxes

The above charges are indicative and subject to change at the discretion of lender/ without prior notice.

Documents required for Bajaj Finance Personal Loan

For verification purposes, it is necessary to meet the documentation requirements in order to avail a Personal Loan.

  • Personal loan documents that will be counted as proof of identity, like Passport, PAN card, Aadhaar card, Voter’s ID card, and Driving license.
  • Personal loan documents that will supply the proof of residence like- Electricity bill, Gas bill, Passport, or Leave and License agreement.
  • Bank Statement for the last 3 months with income details.  These documents will be used to calculate your credit score, your number of unpaid loans, your credit history, and your overall creditworthiness will be assessed.
  • Your salary slips for the last 3 months along with Passport size photographs.

Bajaj Finserv Personal Loan EMI Calculator FAQs

  • ✔️How is EMI calculated?

    You can calculate the EMI using the formula

    EMI = [P x r x (1+r) ^n] / [(1+r)^ n-1] where P= Loan amount, r= interest rate, n=tenure in number of months.

  • ✔️How to use a Personal Loan EMI calculator?

    Using the personal loan EMI Calculator is really very easy. You need to click on the Personal Loan EMI Calculator on Finserv MARKETS website. After that, all you need to do is to input the following: Personal loan amount, Interest Rates, Loan tenure

    You will get the amount of EMI that you need to pay for the Personal Loan according to those inputs instantly.

  • ✔️What are the benefits of using personal loan EMI calculator?

    A Personal Loan EMI Calculator helps you to know the monthly amount that you would require to set aside for repayment of loan. Once you are sure that you can meet the EMI payments regularly, you will be able to enter into an agreement with us. You can also negotiate on the rate of interest or the tenure of the loan. This will help you plan your finances easily and more effectively.

  • ✔️How is the Personal Loan EMI to be paid?

    EMIs can be paid through following modes of payment: ECS (Electronic Clearance System), NACH (National Automated Clearing House), PDC (Post Dated Cheque).

  • ✔️What happens if my EMI payment bounces?

    It is advised that you maintain sufficient funds in your account for clearing loan EMIs regularly. However, in case of an EMI bounce we would be charging bounce charges of Rs. 1,000 per bounce. You could also attract penal charges on further delay in paying the EMI which can impact your credit score.

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