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Compare Personal Loan - IndusInd Bank vs Bajaj Finserv

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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%, Up to 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 EMI of IndusInd Bank and Bajaj Finserv Personal Loan

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 2149 on a Personal Loan for 60 Months as compared to Bajaj Finserv with a minimum EMI of 2275 for 60 Months. Average customer ratings for IndusInd Bank is currently at 4.5/5.0 which makes 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 do a detailed comparison of IndusInd Bank and Personal Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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 Personal 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.
  • When compared on other Personal Loan charges such as processing fees, IndusInd Bank charges a processing fees of Min 0.75% to Max 1.75% while Bajaj Finserv charges a processing fees of Starting from 1.50%, Up to 3%.
  • One feature that makes Personal Loan a better option is 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 part payment facility on Personal Loan. This makes Bajaj Finserv a better option for Personal Loan.
  • IndusInd Bank has an average customer ratings of 4.5, while Bajaj Finserv has an average customer rating of 4.3, based on which it is clear that IndusInd Bank has a high customer service focus, an easy Personal Loan process and a quick turnaround.

Which bank offers 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 Personal Loan when compared to Bajaj Finserv which offers a Personal Loan at 12.99%.

Know all about Personal Loan

Know more about IndusInd Bank Personal Loan

Know more about Bajaj Finserv Personal Loan

Compare IndusInd Bank Personal Loan With Other Banks

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Personal Loan News - Aug 2021
  • 2021-07-27 : Google Updates Policy for Personal loan Apps
    Google has asked all the personal loan lending apps in India to provide a declaration form stating that the application serves as a middle-man for registered non-banking financial companies (NBFCs) or banks. The apps must comply with these norms and provide relevant documentation such as a license till September 15 if they want to stay listed on the app store.
  • 2021-07-23 : RBI Revises Personal Loan Limit to Rs. 5 Crore for Board Directors.
    RBI has revised the limit of the personal loan that can be granted to board directors and their families. The new limit is set at ₹5 crore as against the earlier threshold at ₹25 lakh.
  • 2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
    Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
  • 2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
    Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
  • 2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
    Bandhan Bank witnessed an 8% rise in its loans and advances to ₹80,128 crores in the June quarter this fiscal. The loans and advances during the same period of 2020 stood at ₹74,331 crore. Compared sequentially, it was down by 8% from ₹87,043 crores in the March quarter. Total deposits grew by 28% year-on-year to ₹77,336 crores, while the CASA (current account and savings account) deposits jumped by 48% to ₹33,197 crores in the first quarter of 2021-22.
*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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