Compare HDFC Bank vs Bajaj Finserv Personal Loan
Bank |
SBI
HDFC Bank
ICICI Bank
IDFC First Bank
Axis Bank
Tata Capital
Fullerton India
IndusInd Bank
Kotak Bank
RBL Bank
IIFL
HDB Financial
Corporation Bank
Karur Vysya Bank
Muthoot
Yes Bank
Union Bank of India
Canara Bank
Bank of Maharashtra
Andhra Bank
Allahabad Bank
Federal Bank
Standard Chartered Bank
Syndicate Bank
PNB
Indian Overseas Bank
Indian Bank
IDBI Bank
Bank of Baroda
Cashe
Axis Finance
|
SBI
ICICI Bank
Bajaj Finserv
IDFC First Bank
Axis Bank
Tata Capital
Fullerton India
IndusInd Bank
Kotak Bank
RBL Bank
IIFL
HDB Financial
Karur Vysya Bank
Muthoot
Union Bank of India
Canara Bank
Bank of Maharashtra
Andhra Bank
Allahabad Bank
Federal Bank
Syndicate Bank
PNB
Indian Overseas Bank
Indian Bank
IDBI Bank
Corporation Bank
Bank of Baroda
Standard Chartered Bank
Yes Bank
Cashe
Axis Finance
|
---|---|---|
Interest Rate | Interest Rate 11.00% - 22.00% |
12.99% - 15.50% |
Processing Fees | Processing Fees Upto 2.50% Min ₹ 999 |
Starting from 1.50%, Up to 3% |
Loan Amount | Loan Amount ₹ 50,000 to ₹ 75 Lakh |
₹ 1 Lakh to ₹ 25 Lakh |
Loan Tenure | Loan Tenure 12 to 60 Months |
12 to 60 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 2,174 |
₹ 2,275 |
Part Payment Charges | Part Payment Charges Allowed after 12 months at 2-4% |
Allowed after 1 month at 2% |
Foreclosure Charges | Foreclosure Charges Allowed after 12 months at 2 - 4% |
Allowed after 1 month at 4% |
Eligible Age | Eligible Age 21 to 60 Years |
25 to 58 Years |
Minimum Income | Minimum Income ₹ 25,000 |
₹ 27,000 |
Current Work Experience | Current Work Experience 1 Month |
1 Month |
Total Work Experience | Total Work Experience 1 Month |
36 Months |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) 4.5/5.0 |
4.4/5.0 |
Compare Personal Loan EMI of HDFC Bank and Bajaj Finserv
Loan Amount | HDFC Bank | Bajaj Finserv |
---|---|---|
₹ 1 Lakh | ₹ 2,174 | ₹ 2,275 |
₹ 5 Lakh | ₹ 10,871 | ₹ 11,374 |
₹ 10 Lakh | ₹ 21,742 | ₹ 22,748 |
₹ 12 Lakh | ₹ 26,091 | ₹ 27,298 |
Which is a better bank for Personal Loan – HDFC Bank or Bajaj Finserv?
HDFC Bank offers lower Personal Loan EMI at Rs. 2174 for 60 Months compared to Bajaj Finserv with a minimum EMI of Rs. 2275 for 60 Months. In addition, average customer ratings for HDFC Bank is currently at 4.5/5.0, making it a good choice for taking a Personal Loan.
How does HDFC Bank Personal Loan compare with Bajaj Finserv Personal Loan?
It is important to make a detailed comparison of HDFC Bank 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:
Which bank offers a lower interest rate on Personal Loan – HDFC Bank or Bajaj Finserv?
As per the current rates, HDFC Bank offers a lower interest rate of 11.00% on loans compared to Bajaj Finserv, which offers a Personal Loan at 12.99%.
Know more about HDFC Bank Personal Loan
Know more about Bajaj Finserv Personal Loan
Compare HDFC Bank Personal Loan With Other Banks
Compare Bajaj Finserv Personal Loan With Other Banks
- 2022-08-09 : HDFC hikes MCRL by upto 10 bps on all loan tenures.
With the effect of the 50bps hike by RBI in key policy rates, private sector lender HDFC increased its marginal cost of funds-based lending rates on loans across all tenures by upto 10 basis points. The one-year MCLR will now be 8.10% compared to 8.00% previously. - 2022-08-06 : SBI to offer personal loans of upto INR 35 lakhs via YONO.
With the help of Real-Time Xpress Credit (RTXC), SBI will now offer personal loans of upto INR 35 lakhs on YONO app. Customers can now apply for a personal loan on YONO app without having to fill out any documentation. - 2022-07-22 : SBI hikes lending rates, loan EMIs to rise.
Increase in SBI’s Marginal Cost Lending Rates on loans by 10 basis points. The new lending rates will come into effect from 15th July 2022. For one year tenure, MCLR increased to 7.5% from the current 7.4%, and retail loans for cars, houses, or personal loans tend to go higher, affecting monthly loan installments. - 2022-05-13 : Punjab National Bank Increases Personal Loan Rates
The bank has increased the rates by 40 basis points, and after the revision, the bank offers personal loans starting from 8.85% to 14.85%. - 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
