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Compare Bajaj Finserv vs PNB Personal Loan

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Bank
Interest Rate
Interest Rate
12.99% - 15.50%
8.70% - 14.25%
Processing Fees
Processing Fees
Starting from 1.50%, Up to 3%
1.8% + Taxes
Loan Amount
Loan Amount
₹ 1 Lakh to ₹ 25 Lakh
₹ 50,000 to ₹ 15 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,275
₹ 2,061
Part Payment Charges
Part Payment Charges
Allowed after 1 month at 2%
Allowed after 0 months at Nil prepayment charges
Foreclosure Charges
Foreclosure Charges
Allowed after 1 month at 4%
Allowed after 0 months at Nil prepayment charges
Eligible Age
Eligible Age
25 to 58 Years
21 to 58 Years
Minimum Income
Minimum Income
₹ 27,000
₹ 30,000
Current Work Experience
Current Work Experience
1 Month
NA
Total Work Experience
Total Work Experience
36 Months
NA
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.4/5.0
4.4/5.0
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Compare Personal Loan EMI of Bajaj Finserv and PNB

Loan Amount Bajaj Finserv PNB
₹ 1 Lakh ₹ 2,275 ₹ 2,061
₹ 5 Lakh ₹ 11,374 ₹ 10,307
₹ 10 Lakh ₹ 22,748 ₹ 20,613
₹ 12 Lakh ₹ 27,298 ₹ 24,736

Which is a better bank for Personal Loan – PNB or Bajaj Finserv?

PNB offers lower Personal Loan EMI at Rs. 2061 for 60 Months compared to Bajaj Finserv with a minimum EMI of Rs. 2275 for 60 Months. In addition, average customer ratings for PNB is currently at 4.4/5.0, making it a good choice for taking a Personal Loan.

How does PNB Personal Loan compare with Bajaj Finserv Personal Loan?

It is important to make a detailed comparison of PNB and Bajaj Finserv on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of PNB Loan is 8.70%, which is lower than the lowest interest rate of Bajaj Finserv at 12.99%. Hence, PNB is offering a cheaper loan option.
  • Compared to other Personal Loan charges such as processing fees, Bajaj Finserv charges a processing fee of Starting from 1.50%, Up to 3%, while PNB charges a processing fee of Upto 1.8% + Taxes.
  • Bajaj Finserv offers Personal Loan upto an amount of ₹ 25 Lakh, while PNB offers Loan upto an amount of ₹ 15 Lakh. Therefore, Bajaj Finserv can be a better option if you are looking for a high value amount.
  • One feature that makes Personal Loan a better option is the foreclosure facility. PNB gives the option to close the loan after Zero months at Nil prepayment charges and Bajaj Finserv gives the option to close the loan after 1 months at 4%. This makes PNB a better option for Personal Loan.
  • Bajaj Finserv and PNB allow part payment on Personal Loan after 1 months at 2%. Bajaj Finserv applies a charge of 2% and PNB charges Nil charges on Personal Loan.
  • Bajaj Finserv with an average customer rating of 4.4 is equally comparable to PNB with an average customer rating of 4.4. Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Personal Loan – PNB or Bajaj Finserv?

As per the current rates, PNB offers a lower interest rate of 8.70% on loans compared to Bajaj Finserv, which offers a Personal Loan at 12.99%.

Know more about Bajaj Finserv Personal Loan

Know more about PNB Personal Loan

Compare Bajaj Finserv Personal Loan With Other Banks

Compare PNB Personal Loan With Other Banks

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Personal Loan News - Sep 2021
  • 2021-09-22 : Axis Bank Introduces Festive Offer on Personal Loan
    Axis Bank offers the lowest personal loan rate of 10.25% as a festive offer. The rates are applicable for a loan amount of 15 Lakhs and above.
  • 2021-09-20 : PNB Introduces Festival Bonanza Offer
    Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
  • 2021-09-09 : Gold Loan Soars High in 12 Months
    In the last 12 months, gold loans and credit cards have seen significant growth. Gold loans outstanding has increased by 77.4% and personal loans have jumped by 11.2% till July 2021.
  • 2021-09-02 : Axis Bank Personal Loan Rates Changed
    The personal loan rates for Axis Bank have changed for new and BT offers. The Bank is now offering personal loans for new & BT cases starting at 10.25% & 10.49%, respectively.
  • 2021-09-02 : HDFC Bank offers Special Personal Loan
    HDFC Bank has launched a personal scheme for new, and BT offers at an attractive rate. The new personal loan rates are stating at 10.25%
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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