Bajaj Finance Personal Loan EMI Calculator

Check the EMI for your Bajaj Finance Personal Loan by providing the Loan Amount, Interest rate (per annum), and loan tenure (in months) details.

Loan Amount :

₹

Interest Rate (p.a.):

Months to Pay:

Monthly EMI	₹86
Principal Amount	₹1,000
Total Interest	₹32
Total Amount	₹1,032.00

Principal Amount Interest Amount

Year	Month	Principal (A)	Interest (B)	EMI (A+B)	Balance	Loan Paid to Date (%)

To better manage your finances when you’re planning to get a Bajaj Finance Personal Loan, it is essential to calculate your Equated Monthly Instalment (EMI) beforehand. Doing so will help you make informed decisions and get the best loan terms.

The EMI is a fixed repayment amount that you must pay the lender every month. It consists of 2 main components, the principal amount and the interest rate and a sub variable, tenure. There are two ways by which you can calculate your EMI, by using a Personal Loan EMI calculator or by manually calculating with the EMI formula.

EMI Calculation Formula for Bajaj Finance Loan

If using a Bajaj Finserv personal loan EMI calculator is a hassle for you, you can calculate your EMI amount using the following formula:

E= P x R x (1+R)^N / [((1+R)^N) -1]

Here, P = Principal amount, R = Interest rate and N = Tenure

For your better understanding, let's calculate the Bajaj Finserv personal loan EMI together with an example below: Let’s imagine you take a loan of ₹2,00,000 at an interest rate of 10% for a tenure of 3 years. Then your EMI will be as follows:

P = ₹2,00,000,

R = 10% = 10/12 / 100 = 0.833

N = 36 months

Therefore, using the formula:

EMI = P x R x (1+R)^N / [((1+R)^N) -1]

EMI = ₹2,00,000 x 0.833 x (1+ 0.833)^36 / [ ((1+0.833)^36) - 1]
= ₹6453.44

Therefore, your estimated EMI = ₹6453.44.

Please note that this is merely an example, your actual EMI will depend on the lender and your loan terms.

Bajaj Finance EMI Calculation With Different Loan Amounts

To make it easier for you, we have put together a calculation to determine your Bajaj personal loan EMI of different tenures by assuming the interest rate to be 11% p.a.

Loan Amounts	EMI for 12 Months	EMI for 24 Months
1 Lakh Personal Loan EMI	₹8,838	₹4,661
1.5 Lakh Personal Loan EMI	₹13,257	₹6,991
2 Lakh Personal Loan EMI	₹17,676	₹9,322
3 Lakh Personal Loan EMI	₹26,514	₹13,982
4 Lakh Personal Loan EMI	₹35,353	₹18,643
5 Lakh Personal Loan EMI	₹44,191	₹23,304
6 Lakh Personal Loan EMI	₹53,092	₹27,965
7 Lakh Personal Loan EMI	₹61,867	₹32,625
8 Lakh Personal Loan EMI	₹70,705	₹37,286
9 Lakh Personal Loan EMI	₹79,543	₹41,947
10 Lakh Personal Loan EMI	₹88,382	₹46,608
15 Lakh Personal Loan EMI	₹1,32,572	₹69,912
20 Lakh Personal Loan EMI	₹1,76,763	₹93,216

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How to Use Bajaj Finance Personal Loan EMI Calculator?

The Bajaj Finance personal loan calculator is a quick and accurate calculator that is convenient to use. Find out your EMI amount in seconds by following these steps below:

Step 1: Visit the EMI calculator webpage.

Step 2: Enter the required information like your loan amount, tenure, and interest rate.

Step 3: The EMI amount will be displayed within seconds, along with the interest payable for the loan.

Advantage of using Buddy Loan EMI Calculator

The Buddy Loan EMI calculator is a free calculator that you can use to determine your EMI amount. It is an accurate and easy-to-use calculator that offers various features. These features will provide you with a clear understanding of your EMI amount and also your loan details over your tenure.

Here is an overview of the features and the advantages they provide:

EMI calculator: The Buddy Loan EMI calculator provides swift and accurate results making it a reliable EMI calculator. You can better plan your finances by using the Buddy Loan calculator.

Pie chart: The calculator from Buddy Loan will also provide you with a pie chart that will portray a breakdown of the total loan payment (Principal + Interest) in percentage.

Table: The table will display a yearly breakdown of your loan, which includes principal, interest and total payable amount with an updated balance and the remaining loan amount.

The main advantage of the Buddy Loan calculator is that it will give you a transparent view of what your EMI entails. Showing you exactly the amount you pay each year. This will essentially help you plan your finances well to avoid a loan default or a financial setback in the loan term.

Factors Affecting Bajaj Finserv Personal Loan EMI

Bajaj Finance personal loan EMI calculator helps you plan a structured and manageable way to repay your loan. The Bajaj Finserv EMI details, however, are determined by different factors. Understanding these factors is essential to make better financial decisions based on your loan affordability. Here are the key factors that help you advance with a loan plan,

Loan amount: The loan amount influences your EMI. A bigger loan amount will lead to a higher EMI, and a smaller loan amount will result in a lower EMI.

Interest rate: The interest rate of a loan also determines EMI amount. A high interest rate will lead to a higher EMI, while a low interest rate will lead to a lower EMI.

Loan Tenure: The shorter the loan tenure, the higher the loan EMI, while longer the tenure, the lower the EMI will be. However, you will have to pay more interest with a longer tenure as compared to a shorter one.

Processing fees and other charges: Processing fees, prepayment or foreclosure charged by lenders will also significantly impact your loan EMI.

Credit score: If you have a good credit score, you will get a low interest rate which will lead to a lower EMI. So, you can start by checking your credit score for free.

Other factors: Other factors such as the type of interest rate, economic conditions, insurance and loan terms will also affect your Bajaj personal loan EMI.

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