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Bank of Baroda Personal Loan EMI Calculator

Manage your budget efficiently with the help of a Bank of Baroda Personal Loan EMI Calculator. This is a free online tool to help borrowers estimate their EMIs, total interest outgo and overall repayment amount instantly. Whether you’re planning a wedding, renovating your home, or consolidating debt, knowing your EMI beforehand helps you make informed financial decisions.

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

How does a Bank of Baroda Personal Loan EMI Calculator work?

The personal loan EMI calculator works on the following formula:

EMI (E) = [P × R × (1 + R)ⁿ] / [(1 + R)ⁿ – 1]

Where: E = EMI, P = Principal Loan Amount, R = Monthly Interest Rate, N = Loan Tenure (in months)

When borrowers enter these three inputs- loan amount, interest rate and the tenure of the loan in the Bank of Baroda Loan calculator, it displays:

  • Monthly EMI payable
  • Total interest outgo
  • Total repayment amount

Borrowers can also use Paisabazaar’s online Personal loan EMI calculator for free to get instant results and plan their repayments as per their comfort.

How to Use the Bank of Baroda Personal Loan EMI Calculator

The Bank of Baroda personal loan EMI calculator requires just three simple steps:

  • Enter the loan amount you wish to borrow
  • Select or enter an interest rate (ex. 10.99%)
  • Enter the loan tenure
  • Once entered, the calculator will instantly display accurate results

Pro tip: Try different combinations of loan amount, tenure and rate of interest to decide the most affordable EMI and tenure combination as per your need and budget.

Benefits of Using a Bank of Baroda Personal Loan EMI Calculator

  • Quick and easy-to-use tool
  • Get accurate results in seconds
  • Supports better budget planning
  • Helps borrowers compare different interest rates and loan tenures without much hassle
  • Improves chances of loan approval
  • Supports building and maintaining a healthy credit score

Example of EMI Calculation

Suppose you borrow Rs. 15 lakh personal loan for a period of 6 year at 9.98% p.a rate of interest, then the following will be your EMI:

Particulars Amount
Loan Amount Rs. 15,00,000
Interest Rate (p.a.) 9.98%
Tenure 6 years (72 months)
EMI Rs. 27,774
Total Payable (Principal + Interest) Rs. 19,99,701 (approx)
Total Interest Payable Rs. 4,99,701(approx)

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Why Calculate EMIs Before Taking a Loan?

Calculating your EMIs before applying helps you:

  • Maintain a balanced budget
  • Avoid over-borrowing
  • Protect your credit score, and
  • Improve your chances of loan approval by selecting a tenure that aligns with your repayment capacity

Factors affecting Bank of Baroda Personal Loan EMI

Rate of Interest

Bank of Baroda offers personal loans at interest rates starting from 10.40% p.a. Loan applicants who avail personal loans at lower interest rates will be paying lower EMIs along with saving on their total interest costs and vice versa. Thus, loan applicants should ensure to compare the personal loan interest rates offered by top banks and non-banking financial companies (NBFCs) before applying for Personal Loan.

Loan Tenure

Bank of Baroda Personal Loan comes with loan tenures of up to 7 years. Prospective personal loan borrowers can lower their EMI amount by opting for longer repayment tenures. However, longer personal loan repayment tenures lead to an increase in the total interest costs.

Loan Amount

Loan applicants can avail Bank of Baroda Personal Loans for loan amounts of up to Rs 20 Lakh. Higher loan amounts leads to an increase both in EMIs and in total interest costs. Your personal loan eligibility in terms of loan amounts would primarily depend on factors like your repayment capacity and loan tenure.

Why Choose Paisabazaar?
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Know Your Chances of Approval

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Avail Personal Loan for
All Your Needs

FAQs

Yes, it’s completely free and available online for everyone.

Yes. A longer tenure reduces your EMI but increases total interest payable, and vice versa.

Absolutely. Paisabazaar’s EMI Calculator works for all lenders, including Bank of Baroda, to help you compare and choose the best option.

Your loan amount, tenure, and interest rate are the main factors that determine your EMI.

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