## Calculator

### Loan EMI

### Total Interest Payable

### Total Amount

Sure! Bajaj Finance Limited is a well-known non-banking financial company in India that provides various financial services, including consumer loans. They offer Bajaj EMI Calculator (Equated Monthly Installment) options for their loans, allowing borrowers to repay their loans in monthly installments.

**To calculate the EMI for a Bajaj Finance loan, you’ll need the following information:**

Loan Amount: The total amount you want to borrow.

Interest Rate: The annual interest rate charged by Bajaj Finance.

Loan Tenure: The duration or number of months over which you want to repay the loan.

Once you have these details, you can use the following formula to calculate the EMI:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

Where:

P = Loan amount

R = Monthly interest rate (annual interest rate divided by 12 and expressed as a decimal)

N = Loan tenure in months

Alternatively, you can use Bajaj Finance’s online EMI calculator on their official website to get an accurate calculation specific to their loan offerings. The calculator usually requires you to enter the loan amount, interest rate, and tenure, and it will provide you with the corresponding EMI amount.

Keep in mind that the EMI calculation is an approximation, and there may be slight variations due to factors like rounding off and processing fees. It’s always a good idea to confirm the exact EMI amount and loan terms with Bajaj Finance directly before finalizing any loan agreement.