Personal Loan EMI Calculator

Plan your EMI outflow with ease.

Personal Loan EMI Calculator

A personal loan EMI 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 a mathematical 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
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 your personal loan EMIs:

  • Loan amount: Monthly instalments payable are directly proportional to the loan amount. 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.
How is the personal loan interest calculated?

You can use our Personal Loan EMI Calculator to know the possible EMI outflow for the sum you need to borrow. The personal loan interest rate 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.

Read more about personal loan interest rate

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.

Click here to know more about the personal loan amortisation schedule.

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