Bajaj Finance Personal Loan EMI Calculator - Mar 2017

Bajaj Finserv Personal Loan Calculator

Lowest EMI on Bajaj Finserv Personal Loan - Rs. 2,224 per lakh
Last Updated 18th Nov 2016
Loan Tenure
Loan Amount (Rs.) 2 Years 3 Years 5 Years
100,000 Rs. 4,707 Rs. 3,321 Rs. 2,224
300,000 Rs. 14,121 Rs. 9,963 Rs. 6,672
500,000 Rs. 23,534 Rs. 16,605 Rs. 11,120
1,000,000 Rs. 47,069 Rs. 33,210 Rs. 22,239

Factors affecting Bajaj Finance Personal Loan EMI

  • Borrower age should be between 25 years to maximum 60 years.
  • Maximum personal loan amount offered by Bajaj Finserv is upto Rs. 2,500,000.
  • Interest rates range from 11.99% to 15.50% depending upon customer profile, loan amount and other factors.
  • Processing fee in Bajaj Finserv may be 1.99% - 3% of loan amount.
Bajaj Finserv Personal Loan EMI Calculator

Bajaj Finance Personal Loan EMI

  • Personal Loan EMI (or equated monthly installment) 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.

Bajaj Finserv Personal Loan calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how Bajaj Finserv Personal Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 100,000 to Rs. 2,500,000
r = Rate of interest per month. Current rate is 11.99%
n = tenure in month. For Bajaj Finserv, this can be 60 months

Personal loan EMI calculator Bajaj Finance - How it works?

  • This calculator calculates EMI considering a combination of loan amount, interest rate and loan tenure.
  • This calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears (means interest is charged for the month preceding the EMI payment date) and not in advance.

Personal Loan EMI - EMI Changes in case of prepayment

    In case you prepay your personal loan, the outstanding balance on your personal loan reduces. Bajaj Finance gives you two options:
  • Reduce your loan tenure and keep your personal EMI same
  • Reduce the amount of EMI and keep your loan tenure same
  • It is better to keep the EMI constant and reduce the loan tenure as you pay less interest to the Bajaj Finance in this option.

Frequently Asked Questions on Bajaj Finance EMI Calculator

What is the lowest EMI per lakh offered by Bajaj Finserv on personal loan?

Bajaj Finserv offers personal loan at 11.99% interest rate and hence lowest EMI on per lakh loan amount is Rs. 2,224.

Can I prepay my Bajaj Finserv personal loan?

Bajaj Finserv offers you an option of prepayment after 1 months at 4% charges on outstanding principal.

Is there any processing charge on personal loan from Bajaj Finserv?

Personal Loan from Bajaj Finserv charges a processing fee of 1.99% - 3%.

Bajaj Finserv Personal Loan EMI Calculator Customer Care Number, Email, Application Login, Branches

City Customer Care Number
Agra 1800-103-3535
Ahmedabad 1800-103-3535
Ambala 1800-103-3535
Anand 1800-103-3535
Aurangabad 1800-103-3535
Bangalore 1800-103-3535
Bhilai 1800-103-3535
Bhilwara 1800-103-3535
Bhiwadi 1800-103-3535
Bhopal 1800-103-3535
Bhubaneswar Cuttack 1800-103-3535
Bikaner 1800-103-3535
Chandigarh 1800-103-3535
Chennai 1800-103-3535
Cochin 1800-103-3535
Coimbatore 1800-103-3535
Dehradun 1800-103-3535
Delhi 1800-103-3535
Durg 1800-103-3535
Faridabad 1800-103-3535
Gandhinagar 1800-103-3535
Ghaziabad 1800-103-3535
Goa 1800-103-3535
Greater Noida 1800-103-3535
Gurgaon 1800-103-3535
Guwahati 1800-103-3535
Gwalior 1800-103-3535
Hyderabad 1800-103-3535
Indore 1800-103-3535
Jabalpur 1800-103-3535
Jaipur 1800-103-3535
Jalandhar 1800-103-3535
Jodhpur 1800-103-3535
Kanpur 1800-103-3535
Karnal 1800-103-3535
Kolhapur 1800-103-3535
Kolkata 1800-103-3535
Kota 1800-103-3535
Kozhikode 1800-103-3535
Lucknow 1800-103-3535
Ludhiana 1800-103-3535
Madurai 1800-103-3535
Meerut 1800-103-3535
Mehsana 1800-103-3535
Mohali Sas Nagar 1800-103-3535
Mumbai 1800-103-3535
Mussoorie 1800-103-3535
Nagpur 1800-103-3535
Nashik 1800-103-3535
Noida 1800-103-3535
Noida Extn. 1800-103-3535
Panipat 1800-103-3535
Patna 1800-103-3535
Pondicherry 1800-103-3535
Pune 1800-103-3535
Raipur 1800-103-3535
Rajkot 1800-103-3535
Ranchi 1800-103-3535
Rohtak 1800-103-3535
Roorkee 1800-103-3535
Salem 1800-103-3535
Shimla 1800-103-3535
Sonepat 1800-103-3535
Surat 1800-103-3535
Trichy 1800-103-3535
Udaipur 1800-103-3535
Vadodara 1800-103-3535
Varanasi 1800-103-3535
Vijaywada 1800-103-3535
Vizag 1800-103-3535
Bajaj Finance Personal Loan EMI Calculator News - Mar 2017
11th Mar 17 Personal loan from Bajaj Finserv at 12.75 percent
Bajaj Finserv has launched a new personal loan offer for loan borrowers at 12.75 percent. Loan borrowers can apply for the loan via Bajaj Finserv online website. The NBFC is also offering loan application within 5 minutes and loan disbursements within 72 hours of loan application. As per sources, customers can avail loan of up to Rs. 25 lakh repayable with tenure of 12 months to 60 months. The offer is valid from 6th March to 13th March, 2017.
14th Dec 16 Bajaj Finance sees a slower demand for personal loans, but impact of disbursals is minimal
Bajaj Finance has maintained a stable outlook on its personal loan business. The NBFC expects to maintain its personal loan disbursements volumes, even with a slower demand growth. Demonetisation has resulted in slow demand for personal loans.
02nd Dec 16 Bajaj Finance to provide an attractive offer to personal loan buyers
Bajaj Finance, a lending arm of Bajaj Financial Services has announced an attractive offer to boost up the personal loan business. Under the offer, company will provide free airline vouchers of Rs. 12,000 to the customers availing personal loan. Personal loan buyers will also get an extra benefit of selecting the destination of their choice. The offer is valid from 28th November to 4th December, 2016.
09th Jun 16 Bajaj Personal Loan Prepayment Charges
Bajaj Finserv has announced that it will now charge 4% foreclosure charges in case the customer forecloses Bajaj personal loan at any time before end of loan tenure. Part payment of Bajaj personal loan has been restricted to 25 percent of loan outstanding after 1 EMI. Surprisingly, the changes are applicable to both new and existing customers. Thus, loans that were booked with nil prepayment and nil foreclosure charges will also be covered by the new rule. The rule applies to Bajaj best selling Flexi and Term Loans.
14th May 16 Bajaj Finserv Announces Flash Sale on Personal Loans
Bajaj Finserv Announces Flash Sale on Personal Loans Offers a rate of interest as low as 12.49% on loan amounts exceeding Rs.6 lakh between May 9 and 15, 2016. The company has been a leading player in the space of personal loans as it offers some unique benefits to its customers. The company offers instant online loan approval with its end to end online Personal Loan solutions. By opting for a Personal Loan from Bajaj Finserv you can get instant approval in 5 minutes and disbursal in your bank within 72 hours.
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