These days getting a personal loan to pay off previous debts, medical bills, etc. has become a common practice amongst individuals. However, with every loan comes the responsibility of paying EMIs for years. EMI or the Equated Monthly Installment is a fixed amount of payment that a borrower has to pay to the bank each month to pay off the debt.
If you are planning to get a personal loan, calculating the loan EMI in advance will help you fix a loan amount that you can easily repay. To calculate the loan EMIs, Bajaj Finserv Personal Loan EMI Calculator is one of the easy and simple online tools. Likewise, other calculators, the Personal Loan EMI Calculator from the Bajaj Finserv delivers accurate results at zero cost. All you need to do is to input some essential information related to the personal loan you are planning to apply for and get results with a simple click of the mouse.
Advantages of using Bajaj Finserv Personal Loan EMI Calculator
1. It delivers 100% accurate results in a minute’s time.
2. Since all the calculations can be done online with the help of EMI calculator, you no longer have to visit the bank to get the details of personal loan.
3. Calculating Loan EMI using calculator is an online process that saves a lot of time and keeps you free from physical exertion too.
4. Bajaj Finserv personal loan EMI calculator comes with a user-friendly interface and thus can be used by everyone single-handedly.
5. This tool helps applicants determine their loan eligibility based on the criteria set by the company. The applicant only needs to provide a few details related to his/her age, monthly income, current loan EMIs, outstanding debts on credit cards and the city of residence to find out his/her personal loan eligibility.
6. Using the Bajaj Finserv personal loan EMI calculator also helps applicants fetch information about the total rate of interest that the applicant has to pay throughout the loan term and also the monthly EMIs payable to the bank each month to pay off the loan.
Talking about the company, Bajaj Finserv is one of the leading financial services company with years of experience in lending, asset management, wealth management, insurance, etc. The company proficiently caters to the needs of the customers of different cohorts. It has a strong online presence and a technologically advances customer care division on which customers can rely on for any queries and apprehensions. Moreover, customers can reach out to their customer care staff through various platforms:
1. Online Bajaj Finserv portal
2. SMS
3. Mobile app
4. Email
5. Personally visiting the nearest Bajaj Finserv branch
So the crux is that Bajaj Finserv can prove to be the best platform to apply for a personal loan. The eligibility criterion of getting a loan from this company is fairly easy. Applicants of at least 25 years of age with a monthly earning of Rs. 30,000/- to 40,000/- can apply for Bajaj Finserv personal loan. Moving on to the interest rate on personal loans, the company charges a minimum of 13.49% rate of interest based on your person’s eligibility, total earnings, loan amount and loan term. The company also charges a processing fee of 2.25% to 3% of the loan amount.
Apart from a personal loan, Bajaj Finserv offers a range of car loans, bike loans at affordable interest rates decided on the basis of the profile of the borrower, the geography of his/her residence, the loan amount and the Bajaj Motorcycle for which the loan is sought.
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