Use These Calculators to Get the Most Out of Your Personal Lending with Bajaj Finserv
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Use These Calculators to Get the Most Out of Your Personal Lending with Bajaj Finserv

  • Highlights

  • Personal loan calculators make borrowing easy

  • Bajaj Finserv has various calculators

  • Flexi term, and interest-only loan calculator available

  • Use foreclosure, and part-prepayment calculator

Personal loans help to absorb those additional expenses that tend to disturb your personal budgeting. How much EMIwould you have to pay? How much money will the interest-only loan or part-prepayments help you save? You can get answers to these and other questions with the help of calculators.

Bajaj Finserv has a host of personal loan calculators to make borrowing easy for you. It is to be noted that calculators are indicative tools, and do not give absolute results. Interest rates, loan eligibility amount, Eand other crtieria may vary on a case-by-case basis.

Let’s Know About the Bajaj Finserv Personal Loan Calculators:


Personal Loan Eligibility Calculator

Some of the eligibility criteria for Bajaj Finserv Personal Loan are:

- Minimum net salary as per the city of residence
- Age

Personal loan eligibility calculator, lets you calculate the loan amount that you will be eligible to borrow. The basic inputs required are date of birth, pin code, net salary. Other factors taken into consideration are:

- Combined monthly loan EMI’s
- Combined outstanding on credit card
- Whether home loan has been taken or not

These help to reflect on your capability of paying the loan amount.

Additional Read: A Step by Step Guide to Applying for a Bajaj Finserv Personal Loan

Flexi Personal Loan EMI Calculator

Flexi term loan EMIs include both the principal, and the interest. You need to feed the loan amount, tenor, and rate of interest (ROI) in the EMI calculator. For example: if you utilise loan of Rs. 1 lakh, for 12 months at ROI 16%, the calculator reflects:

- Total payable interest - Rs. 8,875
- Total Payment - Rs. 1,08,875
- EMI - Rs. 9073

You can adjust the tenor for the given amount to get the desired EMI. However, longer tenor increases the total payable interest, even though it reduces the EMIs.

Flexi Interest-only Loan EMI Calculator

Bajaj Finserv offers interest-only personal loan where you pay only the interest part as EMI. There is a separate EMI calculator for it. For the same scenario, it reflects EMIs as Rs. 1,333.

Flexi Loan Explained

Personal Loan Part Pre-Payment Calculator

Bajaj Finserv allows you to part-repay for flexi loans without any penalty charges. The repayment amount should be at least thrice of the EMI for the loan taken. Personal loan part pre-payment calculator reflects your savings when you make part-repayment.

For example, if you choose to repay Rs. 30000 for the loan amount of Rs. 1 lakh, and tenor of 12 months at 16% ROI, the calculator shows:

- EMI savings - Rs. 2,722
- EMI saved - 30%
- Revised EMI - Rs. 6,351 (original EMI was Rs. 9,073)
- Revised tenor - 9 months

Personal Loan Foreclosure Calculator

Loan foreclosure is the full repayment of the remaining loan amount in one single payment instead of paying it back as multiple EMIs. There are applicable foreclosure charges. Depending on the month of foreclosure, and EMIs paid, the Personal loan foreclosure calculator reflects the interest saved.

Make the most of Bajaj FInserv Personal Loan calculators, and get your personal loan approved within 5 minutes.

Personal Loan Instant Approval

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