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Bajaj Finance Personal Loan EMI Calculator

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MONTHS
%
Yearly/monthly repayment schedule
2025
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Mar1,00088799921
Apr92188808841
May84188817760
Jun76088827679
Jul67988826597
Aug59788835514
Sep51488844430
Oct43088844346
Nov34688853261
Dec26188862175
2026
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan1758887288
Feb88888711
EMI payable
Payable amount
Total Interest
Loan amount

A personal loan calculator is quite useful when it comes to calculating EMIs. You can determine the loan amount, interest rate, and loan tenure to calculate EMI if you are a borrower. Moreover, you can compare the effect on monthly repayments by entering different interest rates, tenures, and loan amounts. As a result, it becomes straightforward to choose a loan that best suits your financial capabilities.

What is Bajaj Finance Personal Loan EMI Calculator?

Bajaj Finance Personal Loan EMI Calculator is easy to use and provides various benefits. You need to fill in only three details (Loan Amount, Annual Rate of Interest and Tenure) to determine your monthly instalment. If you increase the tenure, it will lower your EMIs, and vice versa. This EMI Calculator lets you quickly change the entries in the respective fields. Furthermore, it shows the apparent break-up of the interest and principal amounts and the total cost of borrowing. After understanding the Bajaj Finance personal loan EMI calculator, let’s get more details about it.

How Does the Bajaj Finance Personal Loan EMI Calculator Work?

If you want to know how the Bajaj Finance personal loan EMI calculator works, you must be familiar with some key terminologies. A personal loan EMI calculator utilises an EMI calculation formula to compute your monthly instalments. Along with the EMI amount, the calculator provides an amortisation schedule representing the interest and principal components breakup over the loan tenure.

Bajaj Finance Personal Loan EMI Calculator Formula

The Bajaj Finance personal loan EMI calculator formula is as follows.

EMI = P*r*(1+r)^n/((1+r)^n-1) 

where,

  • EMI refers to the Equated Monthly Instalment,
  • P denotes the principal loan amount
  • r denotes the rate of interest calculated monthly, and
  • n denotes the duration in months

Example of Bajaj Finance Personal Loan EMI Calculation

To better understand how this calculator works, we can use an example of Bajaj Finance's personal loan EMI calculation, which is explained below.

Suppose, let’s assume that you have applied for a Bajaj Finance Personal Loan of ₹1 lakh at an interest rate of 14% per annum for a tenure of 2 years. Based on the above formula, your EMI would be ₹4801. You can easily calculate your EMI for varied amounts of personal loans. With this calculator, you can vary the tenure to check how it influences your EMI. 

Features and Benefits of Bajaj Finance Personal Loan EMI Calculator

The features and benefits of the Bajaj Finance personal loan EMI calculator justify its usefulness and simplify your EMI calculation hassles.

  • You can go through a graphic representation of the loan and an amortisation table. You can choose the most suitable personal loan after comparing the interest rates and offers from different banks.
  • The Bajaj Finance personal loan EMI calculator helps you to determine your loan eligibility. It implies that you must approach the bank only after you are sure of getting the loan.
  • It performs complex calculations precisely in a few seconds. It makes sure borrowers are not involved in cumbersome calculations.
  • It lets you estimate your repayment capacity and protects against a loan trap. 
  • It provides borrowers with a birds-eye view of their loans by comparing different loan options. So they can choose the terms and conditions that best match their financial capabilities.
  • It ensures transparent financial planning by presenting a clear view of monthly payments. So individuals can accurately plan their financial obligations.
  • It helps you choose a suitable loan amount that is repayable over time without deteriorating your financial health.

Amortization Schedule of Bajaj Finance Personal Loan

The amortisation schedule of the Bajaj Finance personal loan represents a detailed table of periodic payments to be disbursed for the loan tenure. It shows the repayment plan for a loan over its whole term. It offers a detailed breakdown of every periodic payment, usually every month, until the full repayment of the loan. It demonstrates the payment distribution between the interest charged and the principal amount. 

Generally, lenders use an amortisation calculator to prepare this loan schedule. Specifically, amortisation is a calculation process that indicates loan repayment through EMIs over the chosen tenure. The schedule provides precise insights to a borrower on the interest and principal components involved in each EMI.

Bajaj Finance Personal Loan EMI Amounts for Various Tenures

A longer tenure leads to lower EMIs, whereas a shorter tenure will raise the EMI amount but reduce the total interest being paid. Hence, you must choose a tenure that matches your repayment strategy and financial capability. The following table shows the Bajaj Finance personal loan EMI amount for various repayment tenure durations.

Repayment Tenure DurationEMI Amount (INR)
2 years24,243
3 years17,333
4 years13,915
5 years11,895

Conclusion

Using the Bajaj Finance personal loan EMI calculator formula makes it easy to calculate your EMI amount. Bajaj Finance Personal Loan EMI Calculator offers various benefits that streamline the hassles of calculating EMI. Remember that the actual interest rate applicable to the loan depends on the existing rates at the time of loan booking and your credit profile. To get the most accurate EMI amount, it’s always recommended to use the online Bajaj Finance Personal Loan EMI calculator.

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Frequently Asked Questions

How can the Bajaj Finance Personal Loan EMI Calculator help me?

The Bajaj Finance personal loan EMI calculator helps you to swiftly calculate your payouts, based on which you can better plan your repayment and loan. To compute your EMI, you must enter the interest rate, loan tenure, and the loan amount. After entering these details, the Bajaj Finance personal loan EMI calculator instantly shows the EMI amount. You can use it to determine the amount payable for varied loan amounts. Furthermore, it helps you know the optimum tenure and EMI based on your repayment potential.

What is the tenure of the Bajaj Finance Personal Loan EMI Calculator?

The tenure of the Bajaj Finance personal loan EMI calculator can differ based on the borrower’s eligibility and preference. Typically, the tenure for a personal loan can vary in the range of 12 to 60 months.

Can I prepay my Bajaj Finance Personal Loan?

You can prepay or foreclose your loan from Bajaj Finance. The additional foreclosure charges (4%) of the principal outstanding amount must be paid along with applicable fess to foreclose your loan. Note that the personal loan exceptional amounts can be paid either in partial pre-payment mode (which involves paying a part of the principal amount) or full pre-payment mode (the whole loan amount settles in a single payment). 

What is the EMI of ₹2 lakh Bajaj Finance Personal Loan?

You will need three critical parameters to calculate the EMI for the Bajaj Finance personal loan amounting to ₹2 lakh. They are the loan amount, the loan tenure, and the interest rate. The formula for EMI calculation is as follows.

E = P*r*(1+r)^n/((1+r)^n-1) 

Suppose the interest rate is 13%, and the loan tenure is 3 years; then, as per the above formula, the EMI will be approx. ₹6,739.

What is the EMI of a ₹5 lakh Bajaj Finance Personal Loan?

A personal loan’s EMI depends on the loan repayment tenure and the interest rate. Suppose the annual interest rate is 14% and loan tenure is 5 years. Now, if you want to calculate an EMI of ₹5 lakh Bajaj Finance personal loan using the EMI formula, it would be approx. ₹11,634.

What is the EMI of a ₹10 Lakh Bajaj Finance Personal Loan?

To calculate the EMI amount for ₹10 lakh Bajaj Finance personal loan, you can use the EMI calculation formula below.

E = P*r*(1+r)^n/((1+r)^n-1) 

Suppose the annual interest rate is 15% and loan tenure is 2 years, then EMI would be approx. ₹48,487.

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