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Compare IndusInd Bank vs Bajaj Finserv Personal Loan

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Interest Rate
Interest Rate
10.49% - 20.00%
12.99% - 15.50%
Processing Fees
Processing Fees
Min 0.75% to Max 1.75%
starting from 1.50% upto 3%
Loan Amount
Loan Amount
₹ 50,000 to ₹ 25 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
₹ 2,149
₹ 2,275
Part Payment Charges
Part Payment Charges
Not Allowed
Allowed after 1 month at 2%
Foreclosure Charges
Foreclosure Charges
Allowed after 12 months at 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
12 Months
1 Month
Total Work Experience
Total Work Experience
24 Months
36 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Personal Loan EMI of IndusInd Bank and Bajaj Finserv

Loan Amount IndusInd Bank Bajaj Finserv
₹ 1 Lakh ₹ 2,149 ₹ 2,275
₹ 5 Lakh ₹ 10,744 ₹ 11,374
₹ 10 Lakh ₹ 21,489 ₹ 22,748
₹ 12 Lakh ₹ 25,787 ₹ 27,298

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

IndusInd Bank offers lower Personal Loan EMI at Rs. 2149 for 60 Months compared to Bajaj Finserv with a minimum EMI of Rs. 2275 for 60 Months. In addition, average customer ratings for IndusInd Bank is currently at 4.5/5.0, making it a good choice for taking a Personal Loan.

How does IndusInd Bank Personal Loan compare with Bajaj Finserv Personal Loan?

It is important to make a detailed comparison of IndusInd 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:

  • Lowest Interest rate of IndusInd Bank Loan is 10.49%, which is lower than the lowest interest rate of Bajaj Finserv at 12.99%. Hence, IndusInd Bank is offering a cheaper loan option.
  • Compared to other Personal Loan charges such as processing fees, IndusInd Bank charges a processing fee of Min 0.75% to Max 1.75%, while Bajaj Finserv charges a processing fee of Upto starting from 1.50% upto 3%.
  • One feature that makes Personal Loan a better option is the foreclosure facility. Bajaj Finserv gives the option to close the loan after 1 months at 4% and IndusInd Bank gives the option to close the loan after 12 months at 4%. This makes Bajaj Finserv a better option for Personal Loan.
  • Bajaj Finserv allows part payment on Personal Loan after 1 months at 2%, while IndusInd Bank does not offer a part payment facility. This makes Bajaj Finserv a better option for instant loan requirements.
  • IndusInd Bank has an average customer rating of 4.5. In contrast, Bajaj Finserv has an average customer rating of 4.4, based on which it is clear that IndusInd Bank has a high customer service focus, an easy process and a quick turnaround.

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

As per the current rates, IndusInd Bank offers a lower interest rate of 10.49% on loans compared to Bajaj Finserv, which offers a Personal Loan at 12.99%.

Know more about IndusInd Bank Personal Loan

Know more about Bajaj Finserv Personal Loan

Compare IndusInd Bank Personal Loan With Other Banks

Compare Bajaj Finserv Personal Loan With Other Banks

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Personal Loan News - Dec 2022
  • 2022-11-02 : Karnataka Bank Registers Net Profit in the Q2 of 2022-23
    The bank has registered a net profit of ₹411.63 crores in the Q2 of 2022-23. In the corresponding quarter, it saw ₹125.61 crores, thus registering a growth of 227.70 percent.
  • 2022-10-18 : SBI launches its digital banking unit in Goa
    As part of the Union government’s initiative, a digital banking unit (DBU) of the State Bank of India (SBI) was inaugurated in Goa. The initiative aims to ensure that the benefits of digital banking reach every nook and corner of the country. The DBUs will offer banking products and services to the customers 24x7.
  • 2022-09-12 : Union Bank of India hikes interest rates - home, car EMIs set to rise
    Union Bank of India has increased its marginal cost-based lending rate (MCLR) in the range of 0.05 per cent to 0.35 per cent, which would make the loans from the bank more expensive. MCLR rates for overnight and one-month tenures to 7.00 per cent and 7.15 per cent, thus increasing them by 5 bps. For the three-month tenure, the rates are the same as before and are at 7.25 per cent.
  • 2022-09-09 : HDFC Bank to introduce 10-second personal loan service
    India’s largest private sector lender HDFC Bank is aiming at introducing the 10-seconds loan service for everyone including those who do not have an account with the bank. The bank has been a paradigm pioneer in 10-second loans for existing customers and has been able to deliver this over the past six years.
  • 2022-09-07 : Kotak Mahindra Bank Goes Live with Client Onboarding via Face Authentication
    The bank has become the first to enable client onboarding via face authentication and does not require an additional device except the mobile phone.
*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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