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Bajaj Finserv Personal Loan Interest Rates

Bajaj Finserv personal loan interest rates start from 10% p.a. for loan amounts of up to Rs 55 lakh and repayment tenures of up to 8 years. This NBFC also offers personal loans to doctors and chartered accountants at 11% p.a. onwards. Here is a list of different Bajaj Finserv Personal Loan schemes.
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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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Bajaj Finserv Personal Loan Types and Interest Rates

Bajaj Finserv Personal Loan Interest Rates

Minimum Interest Rates 10% p.a.
Maximum Interest Rates 30% p.a.

Rates as of 16th April 2026

The NBFC offers travel loans, wedding loan, loans for higher education, loan for medical emergencies and personal loans for home renovation.

While Bajaj Finserv has not disclosed the differential interest rates of personal loan schemes based on the credit score, employer’s profile, or monthly income of its personal loan applicants,  most banks/NBFCs usually consider these factors while setting personal loan interest rates for their applicants. Let’s discuss some of the major factors that influence the interest rates of your personal loan.

Personal Loan Interest Rates by Other Banks/NBFCs

Bank/NBFCInterest Rates (% p.a.)
Aditya Birla Finance10.99 onwards
Axis Bank9.99 onwards*
Bank of Baroda10.15-18.00
Bajaj Finance Limited10.00-30.00
Bank of India10.85-16.15
Bank of Maharashtra8.75-13.55
Canara Bank9.70-15.15
Central Bank of India9.85-11.65
Cholamandalam IFC10.00-28.00
Dhani Loans & Services Ltd.13.99 onwards
Federal Bank12.00 - 22.50*
HDB Financial Services10.00 - 35.00
HDFC Bank9.99 onwards
Hero FincorpUp to 30*
HSBC Bank9.75 onwards
ICICI Bank9.99 onwards
IDFC FIRST Bank9.99 onwards
IIFL Finance12.00 - 28.00
Indian Overseas Bank10.25 onwards
IndusInd Bank10.35 onwards*
Kotak Mahindra Bank9.98 onwards*
L&T Finance11.00 onwards
Mahindra Finance8.00 - 25.00
Mannapuram Finance18.00 - 24.00
Moneyview14.00 onwards
Muthoot Finance13.50 onwards
Piramal Finance12.14 onwards
Poonawalla Fincorp9.99 onwards
Punjab & Sind Bank9.60-13.85
Punjab National Bank10.25-16.80
Shriram Finance11.00 onwards
Tata Capital10.99 onwards
UCO Bank9.95 - 13.20
Union Bank of India8.75 - 12.55
Note: Rates as of 1st May 2026

*Paisabazaar special rates

What are the factors affecting personal loan interest rates?

Credit score

Most banks/NBFCs consider the credit scores of their loan applicants when fixing their interest rates. Applicants with higher credit scores (preferably, 750 and above) are more likely to get personal loans at lower interest rates compared to those applicants with lower credit scores. Avoiding loans or multiple credit card applications within a short period, timely repaying EMIs and credit card bills, and maintaining a minimum credit utilization ratio helps to maintain higher credit scores and thereby improving your personal loan eligibility.

Moreover, errors in the credit report can also negatively impact the credit score, which is why it is important to keep track of credit reports at regular intervals, identify such errors and take necessary actions.

Income

Many lenders offer low-interest rates to personal loan applicants with higher incomes. This is because the higher the income, the higher the ability to repay the loan, which lowers the risk of default.

Employer

Most lenders also give preference to the employer profile of their loan applicants when setting their interest rates. Banks/NBFCs usually offer personal loans to salaried applicants at lower interest rates than those set for personal loans offered to self-employed applicants. Salaried applicants of PSUs and the government are also offered lower personal loan interest rates, considering their income security and higher job security. The applicants working in reputed private sector organisations and MNCs are also offered lower interest rates, as such organisations have a higher capacity of tackling economic downturns compared to the personal loan applicants employed in other private sector organisations.

Existing relationship with the lender

Many banks/NBFCs offer personal loans at concessional interest rates to applicants having existing lending or deposit accounts with them. Hence, those planning to avail personal loans should always contact the lender with whom they already have an existing lending or banking relationship to avail personal loan at lower interest rates.

What are the tips to avail personal loans at low interest rates?

  • Maintain a credit score of 750 or above.
  • Check for pre-approved personal loan offers from banks and NBFCs.
  • Keep track of personal loan interest rates offered by top banks/NBFCs, especially during festive seasons.
  • Enquire with different banks or NBFCs with whom you have loan or deposit accounts.
  • Check and compare personal loan offers from various banks on online financial marketplaces.

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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

Apply Now

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FAQs

Is GST applicable to Bajaj Finserv Personal Loan interest rate

GST is not applicable to the interest charge on the Bajaj Finserv Personal Loan interest rate. GST @18% is levied on charges associated with personal loans such as processing fees, prepayment/foreclosure, penal or bounce charges, etc.

Does Bajaj Finserv offer floating rate personal loans

No. As of yet, personal loans offered by the NBFC do use an external benchmark such as the RBI repo rate, hence this lender does not currently offer floating rate personal loans

Can I save on interest charges by prepaying my Bajaj Finserv Personal Loan

You can pre-pay your Bajaj Finserv Personal Loan ahead of time to reduce your total interest outgo. However, you do need to pay pre-payment charges of up to 4.72% on the outstanding loan as on the date of full pre-payment.

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

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