My Money Bazaar EMI Calculator
Estimate your monthly EMI for a My Money Bazaar personal loan at 28.1% - 36.5% p.a.. Adjust the amount, rate and tenure to plan repayment before you apply.
Your Monthly EMI
₹9,655
per month
₹1,15,866
Total Payable
₹1,00,000
₹15,866
My Money Bazaar Loan at a Glance
28.1% - 36.5% p.a.
Interest Rate
₹5,00,000
Max Loan
3 – 24 months advertised; lender Aasra Fincorp lists 10 – 45 days
Tenure
Not published (website says none; Play examples include about 2.4% in charges)
Processing Fee
Play: funds 'within 24 hours*'; a recent reviewer says the payout was delayed indefinitely.
Disbursal
What a ₹1,00,000 My Money Bazaar Loan Costs
Here's a worked example for a ₹1,00,000 loan over 12 months at 28.1% p.a. — the interest is what you pay on top of the amount you borrow.
₹9,655
Monthly EMI
₹15,860
Total Interest
₹1,15,860
Total Repayment
Note: a processing fee (Not published (website says none; Play examples include about 2.4% in charges)) and applicable GST are charged separately and are not included above.
My Money Bazaar EMI Table @ 28.1% p.a.
| Loan Amount | 6 months | 12 months | 18 months | 24 months | 36 months |
|---|---|---|---|---|---|
| ₹10,000 | ₹1,806 | ₹966 | ₹687 | ₹549 | ₹414 |
| ₹25,000 | ₹4,515 | ₹2,414 | ₹1,718 | ₹1,373 | ₹1,035 |
| ₹50,000 | ₹9,029 | ₹4,828 | ₹3,436 | ₹2,747 | ₹2,071 |
| ₹1,00,000 | ₹18,059 | ₹9,655 | ₹6,872 | ₹5,494 | ₹4,142 |
| ₹2,00,000 | ₹36,118 | ₹19,311 | ₹13,745 | ₹10,988 | ₹8,284 |
| ₹5,00,000 | ₹90,295 | ₹48,277 | ₹34,361 | ₹27,470 | ₹20,709 |
* EMI calculated using the reducing-balance method at 28.1% p.a. (2.34% per month). Your actual EMI depends on the rate My Money Bazaar offers you. Rate sourced from My Money Bazaar's official disclosures, verified 14 Oct 2026.
How My Money Bazaar EMI Is Calculated
An EMI (Equated Monthly Instalment) is the fixed amount you repay each month — part interest, part principal. My Money Bazaar uses the standard reducing-balance formula, so the interest portion shrinks every month as your outstanding balance falls.
- P = principal (the amount you borrow)
- r = monthly interest rate = annual rate ÷ 12 ÷ 100 (here, 28.1% ÷ 12 = 2.34%)
- n = number of monthly instalments (the tenure)
How to Lower Your My Money Bazaar EMI
Choose a longer tenure
Spreading the loan over more months cuts each EMI — but raises total interest, so balance affordability against cost.
Borrow only what you need
A smaller principal means a smaller EMI. Avoid topping up just because a higher limit is offered.
Improve your credit score
A higher CIBIL score can earn a lower rate than 28.1% - 36.5% p.a., directly reducing your EMI.
Prepay when you can
Part-prepaying early in the tenure lowers the outstanding balance and the interest you pay on every future EMI.
Ready to apply with My Money Bazaar?
Check your eligibility in under two minutes — no impact on your credit score — and see the rate and EMI you actually qualify for.
Check Your Eligibility