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Bajaj Finserv Personal Loan EMI — What It Costs a Month

What a Bajaj Finserv personal loan costs a month at both ends of the published rate range.

Credsir Editorial Team · MBA · 14 years in fintech
Updated 17 Sep 2026

Bajaj Finserv prices personal loans from 10.00% to 30.50% a year, so the EMI on the same loan can differ by half again depending on where in that band you are quoted. On ₹5,00,000 over 5 years the monthly instalment runs from ₹10,624 at the floor to ₹16,331 at the ceiling. Ask for your own quoted rate before you plan around the advertised one.

What it costs per month

On ₹5,00,000 over 5 years, principal and interest only.

Rate EMI Total interest
10.00% ₹10,624 ₹1,37,411
30.50% ₹16,331 ₹4,79,836

as of 2026-09-17 · Lender rate pages, checked individually

The processing fee, GST, documentation and any insurance sold alongside the loan are additional. Bajaj Finserv publishes a processing fee of up to 4.13% (incl. taxes) and a maximum tenure of 9 years; because the fee is deducted upfront you receive less than you borrow while paying interest on the full sanctioned amount. For a different amount or tenure, the EMI calculator takes your own numbers.

How it compares

Bajaj Finserv is joint 5th cheapest of the 8 providers we track on the advertised floor — 0.01% above HDFC Bank at 9.99%. It also has the second-widest band and the longest tenure of the eight, which is the trade an NBFC makes against a bank. The whole table is under personal loan interest rates.

Lender Type Rate range Processing fee Max tenure
State Bank of India PSU Bank 10.00% – 15.00% Up to 1.50% (min ₹1,000, max ₹15,000) + GST 7 years
HDFC Bank Private Bank 9.99% – 24.00% Up to ₹6,500 + GST 6 years
ICICI Bank Private Bank 9.99% – 16.50% Up to 2% + taxes 6 years
Kotak Mahindra Bank Private Bank 10.99% – 24.00% Up to 5% of loan amount + taxes 6 years
Axis Bank Private Bank 9.99% – 22.00% Up to 2% + GST 7 years
IDFC First Bank Private Bank 9.99% – 25.00% 0% to 3.5% of loan amount (incl. GST) 5 years
Bajaj Finserv NBFC 10.00% – 30.50% Up to 4.13% (incl. taxes) 9 years
Tata Capital NBFC 10.99% – 33.00% Up to 5% + GST 6 years

as of 2026-09-17 · Lender rate pages, checked individually

Personal loan pricing is risk-based, so the same lender may quote 11% to one applicant and 24% to another. Two things move your rate more than anything else: a credit score above 750, and an employer on the lender’s approved list — which is why it is worth reading how to improve your credit score before you apply, and comparing against the best personal loans rather than one quote. Bajaj Finserv’s full terms sit on the Bajaj Finserv personal loan page.

Terms change without notice. Confirm the current figures with Bajaj Finserv before you act.

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