Shall You Use Bajaj EMI Calculator for Personal Loan?
The
fast changing life has led to the emergence of new needs amongst
many. College students want to have tablets, latest mobile phones,
laptops, etc. On the other hand, families want the latest air
conditioners and other consumer durables. And there are some who
could feel the need of urgent cash to overcome the emergency. All
these can be met with a personal loan that you can avail from lenders
such as Bajaj Finserv. The noted non-banking finance company (NBFC)
is a proven name in the personal loan segment by offering attractive
interest rates and other schemes. However, as the loan would involve
interest payments, you should look into Bajaj EMI Calculator for Personal Loan before applying. To know the benefits of the
calculator, you must read the article further.
What
is Bajaj EMI Calculator for Personal Loan?
The
calculator helps calculate the installments applicable to a personal
loan. The calculation is made based on three factors - loan amount,
tenure and interest rate. The installments involve both interest and
principal portions payable every month to Bajaj Finserv. You can also
get to know the total interest payable to the lender through the
EMIs. As the Bajaj EMI Calculator is available online, you can
calculate easily.
How
Much Loan Does Bajaj Finserv Provide?
Bajaj
Finserv offers a maximum personal loan of ₹25
lakhs based on your eligibility. As the loan amount is directly
proportional to the EMI and interest outgo, you must experiment with
different figures to choose the right repayment option for you. The
main motto should be to reduce the interest outgo yet keeping the EMI
affordable to you.
What
is Bajaj Finserv Personal Loan Interest Rate?
Bajaj
Finserv offers personal loans at attractive interest rates ranging
from 10.99%-16% per annum. The interest rates, like the loan amount,
impact the EMI and interest outgo directly. Greater the interest rate
more would be the outgo and vice-versa. You should negotiate for an
interest rate deal close to the lowest limit. Your impressive income,
great repayment potential and a good credit score can win you the
interest rate negotiation with Bajaj Finserv.
How
Much Time Will You Get to Pay Off the Personal Loan Dues?
You
will be given 12-60 months to pay off the Bajaj Finserv Personal Loan
EMIs. While many choose the longest tenure to feel comfortable as the
amount of installment lowers with the same. But when they see the
chunk of interest payment made by them over the course of a loan,
they feel a bit let down. So, you should choose a tenure that is not
the longest but also not very short. Choose a tenure that can help
you accommodate the EMI while letting you save on the interest
payment.
Bajaj
Finserv Flexi Loan EMI Calculator
Bajaj
Finserv also offers Flexi Loan by which you can reduce the
installment by up to 45%. You just need to pay the interest portion
of the EMI. You can borrow from the loan account without making
multiple applications and submitting the documents. You can make a
part-payment as and when you have surplus funds. The interest will be
charged on utilizing the sum.
You can apply for the loan using any of the online or offline modes. However, the online application can be made in a few minutes. All you need to do is to visit the official website of Bajaj Finserv and apply for a personal loan by mentioning your personal and employment details. The lender will go through your application and give approval only upon successful verification.
Comments
Post a Comment