The Bajaj Finserv Personal Loan EMI Calculator is an online tool that helps us calculate the approximate monthly installment. Using the calculator, you can get your Equated Monthly Installment (EMI). You can easily use this calculator by just entering your loan details such as loan amount, interest rate and tenure. With the help of the Bajaj Finserv Personal Loan EMI Calculator, you can choose a suitable tenure for your loan repayments. Read this article further to know more about this calculator’s features and benefits.
Key Features of Bajaj Finserv Personal Loan EMI Calculator
The following are the key features of the Bajaj Finserv Personal Loan EMI Calculator:-
- Instant Result — Your EMI amount will be displayed on the screen instantly just after you finished entering the loan details. The EMI amount is not the exact amount that you’ll pay for the borrowed loan; it’s just an approximate estimation, the actual EMI may vary based on the date of loan disbursement.
- Pie Chart Representation of Repayment — For an easy understanding of the customer, Bajaj Finserv has provided a pie chart representation of your loan repayment in its EMI calculator. So when you use the Bajaj Finserv Personal Loan EMI Calculator, you can easily see how many portions of your EMI will be payable on Bajaj Finserv Personal Loan Interest Rate.
- Amortization Schedule — An amortization schedule is a tabular representation of your loan repayment where the principal and interest payout per annum will be shown. With the help of an amortization schedule, you can know the principal or interest amount you’ll pay each year in the form of EMI.
- Display Total Interest Payable — While borrowing a loan our primary concern is always the interest payout. But, you don’t have to worry about this, when you apply for a personal loan at Bajaj Finserv. Because first, it has an affordable range of Bajaj Finserv Personal Loan Interest Rate starts from 13.00% per annum onwards. And with the help of the EMI calculator, you can select a tenure where you need to pay the lower interest amount this way, you can save on your interest payout.
Steps to Follow to Use Bajaj Finserv Personal Loan EMI Calculator
You can use the Bajaj Finserv Personal Loan EMI Calculator whether, on your smartphone, laptop or desktop, and to do so, you just need to follow the instructions below:-
- Visit Bajaj Finserv official website
- Select ‘Personal Loan’ from its product section
- On the personal loan page click the ‘calculators’ drop-down menu and select ‘Bajaj Finserv Personal Loan EMI Calculator’
- When you are at the Bajaj Finserv Personal Loan EMI Calculator page, you just need to enter the loan amount, interest rate and tenure to see what your EMI is?
Illustration
Neha is a 26-year-old working woman who is the only breadwinner in her family, she manages all the financial needs in the family. But, currently, she has been facing financial difficulties due to her mother’s surgery. So to meet the financial ends she applied for Bajaj Finserv Personal Loan and as per the eligibility criteria, she can borrow up to INR 15 lakh at an interest rate of 14.10% per annum. Now, she just needs to select the loan tenure, and in this process, Neha takes the help of the Bajaj Finserv Personal Loan EMI calculator. So with the help of the EMI calculator, she selects the tenure of 48 months and now, she pays an EMI of INR 41,065 and her total payable Bajaj Finserv Personal Loan Interest Rate is INR 4,71,120.
