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A personal loan can help you pay for various things in times when you are facing a cash crunch. But, you must be mindful of the fact that once you have availed the loan, you will have to diligently pay the equated monthly instalments (EMIs) to repay it. If you are not careful, these EMI amounts can disturb your finances significantly. You can avoid such a scenario by using the Bajaj Finance personal loan EMI calculator. This algorithm-based tool will show you what your EMI amounts can look like with various different repayment tenures and principal amounts.


You can use the online Bajaj Finserv personal loan EMI calculator tool on Bajaj Markets and find out what EMI amount you will be comfortable with right away.

Bajaj Finance Personal Loan EMI Calculator

Loan Amount
  • Months
  • Years
Rate of Interest

Monthly EMI

at % interest rate for months

Total Amount Payable
Principal Amount
Total Interest
Year Principal Interest Balance

How to Calculate EMI for Personal Loan

You have to enter the principal amount, tenure and rate of interest in the Personal Loan EMI calculator directly, or you can arrange them in a mathematical Personal Loan EMI calculation formula in order to calculate Personal Loan EMI. The tool is designed in such a way that when you enter the variables as directed, you will be able to determine your monthly EMI obligation towards your Personal Loan even before applying for it.

How is Personal Loan EMI Calculated by Bajaj Finance

Bajaj Finance uses the below-mentioned formula to calculate your personal loan EMI amount:

Bajaj Finance Personal Loan EMI: [P x R x (1+R)^N]/[(1+R)^N-1]


  • P is the principal amount borrowed as loan

  • R is the monthly rate of interest

  • N is the loan repayment tenure (in months)

How to use the Bajaj Finance Personal Loan EMI Calculator

To be able to use the Bajaj Finserv personal loan EMI calculator, you will need to know your principal amount, your interest rate and your loan repayment tenure. Once you have these three pieces of information, all you will need to do is simply enter them in the correct fields into the tool. You will see your Bajaj Finance personal loan EMI calculator flash in front of your screen within seconds. You can also find out what your EMI amount will be with different interest rates, repayment tenures and principal amounts by simply changing the information you had fed earlier.

Bajaj Finance Personal Loan EMI Amounts at Different tenures

The longer your Bajaj Finserv personal loan repayment tenure will be, the smaller the EMIs you will have to pay towards it. Other factors that will affect your Bajaj Finance personal loan repayment tenure will be your principal amount and interest rate. Let us take a look at what your Bajaj Finance personal loan EMI amount will look like at different tenures if you have taken a loan of ₹5 lakhs and your interest rate is 15% per annum.

Repayment tenure Length

EMI Amount

2 years


3 years


4 years


5 years


Benefits of Using the Bajaj Finance Personal Loan EMI Calculator

Know Your Dues

A Personal Loan EMI calculator helps you compute your personal loan EMI amount so that you know how much you need to set aside to repay your obligation.

Confidently Enter an Agreement

Once you are sure that you can fulfil the EMI payments regularly, it becomes easier for you to make a decision. You can also negotiate on the rate of interest or the loan tenure if you have a good credit score.

Figure out the right loan tenure for you

Once you have figured out your total loan amount and the interest you must pay on it, you will be able to select a loan repayment tenure you will be most comfortable with.

Time-saving and accurate

If you try calculating your EMI manually through the traditional method, it will consume a lot of time and energy. Not to mention that there is a lot of room for manual errors when you try to calculate yourself. Personal Loan EMI calculator, on the other hand, gives you an accurate answer within seconds.

Factors Affecting your Bajaj Finance Personal Loan EMI Amount

  • Rate of interest: Interest rate is also known as the total cost of borrowing money as a loan. A lower interest rate means lower EMI payments and vice versa.

  • Loan amount: Your personal loan EMI amounts are directly proportional to the loan amount you have borrowed. A high principal amount will mean that you will have to pay high EMIs every month and vice-versa.

  • Loan tenure: A longer loan tenure will reduce the EMI amount but you will pay more as interest over time. A shorter tenure, on the other hand, increases your total EMI payable but you will pay a lesser amount as interest. So, choose the loan tenure wisely.

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