Personal Loan EMI Calculator

Plan your EMI outflow with our personal loan EMI calculator.

Personal Loan Calculator

A personal loan calculator is beneficial when computing EMIs. The Bajaj Finserv Personal Loan EMI Calculator requires you to fill in only three essential fields to determine your monthly instalments – the loan amount you wish to borrow, followed by the interest rate and the tenure.

You can alter the EMI to meet your repayment capability. Increasing the tenure will lower your EMIs and vice versa. You can do this by making changes in the respective fields of the EMI calculator.

The Bajaj Finserv Personal Loan EMI Calculator also shows the break-up of the principal and interest amounts while calculating the EMI, and the total cost of borrowing.


Results generated by the calculator(s) are indicative in nature. The interest rate applied on the loan will depend on the prevailing rates at the time of loan booking. The calculator(s) are not intended to provide its users/ customers with results that are either certified by Bajaj Finance Limited (“BFL”) or are an obligation, assurance, warranty, undertaking or commitment, financial and professional advice by BFL, under any circumstances. The calculator(s) are only a tool that assists the users/ customers arrive at results of various illustrative scenarios generated from data input by the user/ customer. The use of the calculator is entirely at the risk of the user/ customer, BFL is not responsible for any reason, for any errors in any outcome resulting from the use of the calculator.

Frequently asked questions

How does a personal loan EMI calculator work?

A Personal Loan EMI calculator uses an EMI calculation formula to calculate your monthly instalments. The formula used is:

E = P*r*(1+r)^n/((1+r)^n-1) where,

  • E is EMI
  • P is the principal loan amount,
  • r is the rate of interest calculated monthly, and
  • n is the tenure/ duration in months

For example, you have applied for a Bajaj Finserv Personal Loan of Rs. 1 lakh at an interest rate of 14% p.a. for a tenure of 2 years.

Here, your EMI will be calculated as under:
EMI = 100000* 0.01167 * (1+ 0.01167)^60 / [(1+ 0.01167)^60 ] -1 which is Rs. 2,327

Please note that the rate of interest (R) on your loan is calculated monthly (R = Annual rate of interest/12/100) which in this case is 14/12/100 = 0.01167

You can also check your EMI amount easily using our online EMI calculator for personal loans.

How to calculate personal loan EMIs?

A personal loan EMI calculator can help you accurately determine your EMIs. You just need to select the loan amount, rate of interest and tenure, to get the exact EMI payable for your personal loan.

Know more about our personal loan

What are the factors that affect personal loan EMIs?

The following factors affect personal loan EMIs -

  • Loan amount – Monthly instalments payable are directly proportional to the loan amount that you have opted for. The higher the loan availed, the higher will be your EMIs.
  • Rate of interest – The interest rate is the percentage at which lenders charge interest on the borrowed amount. A higher interest rate increases the EMIs and vice versa.
  • Tenure – It is the repayment period for the loan availed and is inversely related to EMIs. A longer tenure reduces monthly instalments, while a shorter tenure increases your EMIs.

Check out the EMIs on a personal loan of Rs. 1 lakh for varying tenures at an interest rate of 13% p.a.:



2 years

3 years

4 years

5 years


Rs. 4,754

Rs. 3,369

Rs. 2,683

Rs. 2,275

Total amount payable

Rs. 1,14,100

Rs. 1,21,298

Rs. 1,28,772

Rs. 1,36,518

Total interest payable

Rs. 14,100

Rs. 21,298

Rs. 28,772

Rs. 36,518

How is the personal loan interest calculated?

You can use our personal loan EMI calculator online to know the possible EMI outflow for the sum you need to borrow. The personal loan interest rate is decided by your lender basis your loan amount, tenure, and credit history. Once you know the interest rate on the desired loan amount and tenure, you may use the personal loan EMI calculator to determine your monthly instalments. It will help you plan your EMIs and ensure timely repayments.

How to reduce your personal loan EMIs?

Below are some simple steps that can help you reduce personal loan EMIs:

  • Choosing a longer repayment tenure will help you spread the loan cost and reduce your monthly instalments.
  • Maintain a good CIBIL Score to enjoy low-interest rates and reduced EMIs.
What are the benefits of using a Bajaj Finserv Personal Loan EMI Calculator?

The following are the advantages of using a Bajaj Finserv Personal Loan EMI Calculator:

  • Quick and hassle-free EMI calculation
  • Minimises the chances of error
  • A repayment schedule for the entire tenure helps you plan your finances better
  • Helps in choosing a suitable amount that is repayable over time without affecting your financial health
What happens if I skip my EMI payment?

If you skip your EMI payment for any reason, you will be charged a penalty fee between Rs. 700 and Rs. 1,200 as an EMI bounce charge. It might also affect your loan tenure and impact your credit score negatively.

Find out more about personal loan tenure options

What is a personal loan amortisation schedule?

A personal loan amortisation schedule is a detailed table of periodic payments to be made for the loan tenure. Lenders use an amortisation calculator to create this schedule. Amortisation is a calculation process that specifies loan repayment via EMIs over the tenure selected.

It carries a detailed breakdown of the principal and interest amount included in every EMI payable through the tenure until the complete repayment of the loan. The schedule gives accurate insights to a borrower on the principal and interest components included in each EMI.

What is an EMI?

An equated monthly instalment (EMI) is a fixed monthly payment made by a borrower to a lender on a pre-determined date each month. EMIs are comprised of both interest and principal amounts. It is helpful to use a personal loan EMI calculator when calculating EMIs in advance. Our EMI calculator simply needs you to enter the loan amount you wish to borrow, the interest rate, and the tenure in order to calculate your monthly instalments.

How should I use the personal loan EMI calculator?

The Bajaj Finserv Personal Loan EMI Calculator only needs you to enter the loan amount you wish to borrow, the interest rate, and the tenure in order to calculate your monthly instalments. Along with calculating the EMI and total cost of borrowing, the Bajaj Finance Personal Loan EMI Calculator also breaks down the principal and interest payments.

How do I determine the applicable ROI?

The applicable rate of interest for a personal loan might change depending on a number of factors, including your credit score, employment status, loan amount, and tenure. By taking these factors into consideration and using an online personal loan EMI calculator, you can figure out the competitive interest rate on your personal loan and make an informed decision while borrowing money.

How do I determine the applicable rate of interest on a personal loan?

Factors such as credit score, loan amount, repayment tenure, and current market rates will determine your personal loan rate of interest. Research various lenders, compare their offers and negotiate for the best rate. Bajaj Finance Limited offers personal loans at competitive interest rates starting at 11%.

Can I use the Bajaj Finance Personal Loan EMI Calculator to calculate monthly EMIs on a personal loan?

You can use Bajaj Finance Personal Loan EMI Calculator to calculate EMIs of personal loans offered by financial institutions. You must enter the desired loan amount, tenure and interest rate to estimate your monthly EMIs in advance.

What is a personal loan EMI calculator?

A personal loan EMI calculator is an easy-to-use online tool that estimates borrower's Equated Monthly Instalments (EMIs) for a personal loan. The calculator provides an exact computation of the monthly repayments after entering the loan amount, interest rate, and tenure, allowing the informed borrowing decisions.

How can a personal loan EMI calculator help you determine a suitable loan amount?

A personal loan EMI calculator helps borrowers choose a suitable loan by allowing them to compare different loan options depending on their EMI affordability. Borrowers can compare the impact on monthly repayments by entering various loan amounts, interest rates, and tenures, making it simpler to select a loan that best meets their financial capabilities.

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