Bajaj Finance Personal Loan EMI
- Personal Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to Bajaj Finserv against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
- With Bajaj Finserv offering Personal Loans with loan tenure upto 5 years, the loan EMI can be as low as Rs. 2224 per lakh, to make it more affordable and convenient to meet your personal needs. Rate of interest offered by Bajaj Finserv are as low as 11.99%.
- This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.