Plan your personal loan smartly with an EMI calculator

Personal loan made simple and fast

Gone are the days of endless paperwork and long bank queues. Applying for a personal loan today is as easy as booking a flight online. Whether you need funds for a dream vacation, unexpected medical expenses, or managing your finances better, personal loans offer a quick and flexible financial solution.

That’s where an EMI calculator becomes your best planning partner. It helps you estimate your monthly instalments, balance your expenses, and choose a loan structure that fits your lifestyle — all before you apply.

What is a personal loan?

A personal loan is a financial solution offered to help you manage both planned and urgent expenses. Since it doesn’t require any collateral or guarantor, it’s easy to apply. Lenders like Bajaj Finance offer high-value personal loans that come with simple eligibility criteria and minimal paperwork. With the Bajaj Finserv Personal Loan, you also benefit from flexible repayment tenure — ranging from 12 to 96 months—where you repay the loan through manageable EMIs.

Why apply for a Bajaj Finserv Personal Loan online

There are many advantages to applying for a personal loan online:

• 100% digital application – No need to visit a bank branch – complete the entire process from the comfort of your home, anytime.
• Flexible repayment tenure – Choose a repayment period of anywhere between 12 and 96 months based on your budget.
• Quick disbursement – Funds are generally transferred to your bank account within 24 hours* of approval, helping you handle emergencies quickly.
• Minimal paperwork – With minimal documentation, the entire application becomes faster and more convenient.

With Bajaj Finance, the entire journey has been made seamless—from eligibility check to disbursal — in just a few clicks.

Personal loan eligibility criteria

Before applying, it’s important to know if you meet the eligibility requirements. Common criteria include:

• Nationality: Indian
• Age: 21 years to 80 years*.
• Employed with: Public, private, or MNC.
• CIBIL Score: 685 or higher.
• Customer profile: Self-employed or salaried

*You should be 80 years* or younger, at the end of the loan tenure.

Documents required

Make sure you have the following documents handy:

• KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
• PAN card
• Employee ID card
• Salary slips of the last 3 months
• Bank account statements of the previous 3 months
• Piped gas bill
• Pension order
• Letter of Allotment of Accommodation Issued by Employer
• Property / Municipal tax receipt
• Utility bill
• Real-time image / photograph
• Ration card

Having clear and updated documents will not only speed up the process but also increase your chances of approval.

How to apply for a Bajaj Finserv Personal Loan online

Follow these simple steps to apply online:

• Visit the Personal Loan page on the Bajaj Finserv website and click on ‘APPLY’.
• Enter your 10-digit mobile number and the OTP sent to your mobile number.
• Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
• Now, click on ‘PROCEED’ to visit the loan selection page.
• Enter the loan amount that you need. Choose from the three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
• Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
• Complete your KYC and submit your application.

A representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents.

How an EMI calculator helps you plan better

An EMI calculator is more than just a number-crunching tool—it’s your personal loan planning guide. Here’s how it helps:

• Estimate monthly repayments: Enter your desired loan amount, interest rate, and repayment tenure to see your EMI instantly.
• Adjust loan parameters in real-time: Try different combinations of amount and tenure to find what’s affordable for you.
• Avoid overborrowing: Knowing your EMI in advance helps you choose a loan size that fits your income without straining your budget.
• Plan your finances more confidently: With a clear idea of your EMIs, you can plan other expenses, savings, and investments accordingly.

For example, if your monthly income is Rs. 40,000 and you want to borrow Rs. 2 lakh for 2 years at 10% interest, the EMI calculator will show your monthly EMI. This way, you can decide whether the loan fits within your budget comfortably.

Tips to improve your loan eligibility

If you’re worried about approval, here are some quick tips:

• Maintain a good credit score – Maintain a healthy credit score by paying your dues on time.
• Limit existing EMIs – Keep your existing EMIs manageable to avoid overburdening your income.
• Choose a realistic loan amount – Borrow what you can repay comfortably.
• Avoid applying with multiple lenders at once – Avoid applying for loans with multiple lenders at the same time, as this can negatively impact your credit score. 

A personal loan can support your financial goals, but borrowing smartly is key. Using an EMI calculator upfront not only helps you choose the right loan but also keeps your future repayments stress-free.
So before you hit ‘Apply’, take a moment to explore your EMI options—it’s the simplest way to borrow with confidence and clarity.

*Terms and conditions apply.

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