Bajaj Personal Loan Interest Rate – Updated Guide & Rates

1. The interest rate directly affects your EMI and total repayment. Even a small change can impact your loan by thousands of rupees.
    
2. Your credit score, job type, and loan amount decide your Bajaj personal interest rate. Keep your profile strong to get the best deal.
    
3. Fintech tools like Bajaj Markets, DigiLocker, and UPI help speed up the loan journey. Use them for paperless and fast approval.
    
4. Always read about charges like foreclosure fees, bounce charges, and annual fees. Don't just check the interest rate; understand the full cost.

Bonus Point: In March 2025, during its special “Loan Fest” campaign, Bajaj Finance offered personal loan interest rates starting at just 10 % p.a., a promotional low that is significantly below its usual rate range. 

Bajaj Personal Loan Interest Rate is the yearly cost charged by Bajaj Finserv for lending money to customers via personal loans.

Let’s understand it with the help of an example:

Rohit Sharma, a 35-year-old sales manager in Delhi, needed ₹5,00,000 for his daughter’s higher education abroad. He applied for a Bajaj Personal Loan and got it at 13.5% per annum for 4 years. His monthly EMI came to around ₹13,559. Over four years, he paid a total of ₹6,50,832, which included ₹1,50,832 as interest. Because Rohit had a CIBIL score of 765, his application was approved within 24 hours. He used the Bajaj Finserv mobile app to track payments and download statements easily. This example shows how interest affects total repayment.

This blog will guide you through everything you need to know about Bajaj personal loan interest rate, including current rates, processing fees, EMI calculator use, hidden charges, and smart tips for saving on total interest.

Bajaj Personal Loan Interest Rates 2025 

Interest rates vary based on your profile. Bajaj offers lower rates to existing and salaried customers, while self-employed borrowers may pay more. Pre-approved customers often get the best offers.

Below is a table showing the typical rates offered in 2025. This helps you understand what to expect based on your job type.

Bajaj Personal Loan Interest Rate by Customer Type

This table shows different interest rates and amounts based on the type of borrower.
 

These rates help you plan how much you’ll pay in EMIs and total repayment based on your job or customer status.

Types of Bajaj Personal Loan Schemes

Bajaj offers different personal loan types depending on your needs. These include loans for weddings, travel, medical bills, or even debt consolidation.

Let’s explore these schemes to understand what fits your purpose best.

Types of Personal Loans Offered by Bajaj Finserv

Each scheme is made to suit different needs, and the purpose affects processing time and loan limits.
 

• Wedding Loan: Used for marriage expenses like venue, jewellery, and catering. Max loan: ₹25,00,000
   
• Medical Emergency Loan: Used for hospital bills or urgent treatments. Disbursal in 24 hours
   
• Travel Loan: For vacation expenses. Often used for foreign trips. Max: ₹15,00,000
   
• Debt Consolidation Loan: Used to combine credit card and other loan dues into one. Helps reduce EMI burden.
   
• Instant Loan (Pre-approved): Available only to existing or selected customers via the app. Max: ₹25,00,000

These options make it easy to choose a loan based on your current needs without much paperwork.

Key Features of Bajaj Personal Loan

Bajaj Finserv personal loans come with user-friendly features that suit salaried and self-employed borrowers. You don’t need any security or guarantor, and you can get instant approval online.

Main Features You Should Know
Understanding these features helps you compare with other banks and make better borrowing decisions.

No Collateral Needed: You don’t need to pledge property or assets. It’s an unsecured loan.

Fast Disbursal: If eligible, you can receive funds within 24 to 48 hours.

Flexible Tenure: You can repay the loan in 12 to 60 months, depending on your budget.

Online Application: Apply through the Bajaj website or app anytime.

Prepayment Option: You can repay early and save interest (after the lock-in period).

These features help you borrow confidently, without worrying about hidden conditions or long delays.

Factors Affecting Bajaj Personal Loan Interest Rate

The final interest rate you get depends on your profile. Lenders check your credit score, income, job type, and repayment history. The better the profile, the lower the rate.

How Your Profile Affects Your Interest Rate

This table shows how factors like credit score and income level affect your final interest rate with Bajaj Finserv.
 

These factors are used by Bajaj to reduce risk and offer the best possible rate based on your financial discipline.

Bajaj Personal Loan Interest Rate Calculation

When you take a personal loan, you repay the borrowed amount along with interest through EMIs (Equated Monthly Instalments). Bajaj Finserv calculates EMIs using a standard formula based on loan amount (P), interest rate (R), and tenure (N in months).

The formula used is: EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Let’s understand this better with an example.

Let’s say Sneha More from Nashik borrowed ₹3,00,000 from Bajaj Finserv for a home renovation. Her loan tenure was 3 years, and the interest rate was 14% per annum. Her monthly EMI came to ₹10,240. Over 3 years, she paid ₹3,68,640, which means she paid ₹68,640 as interest.

EMI Comparison for ₹3,00,000 Loan at 14% Interest

This table helps you see how EMIs and total interest change when you select different tenures.
 

As you can see, a longer tenure reduces your EMI but increases total interest paid.

Tips to Get Lower Interest Rates from Bajaj Finserv?

You can save a lot of money by lowering your loan’s interest rate. Bajaj Finserv allows smart borrowers to get better rates using a few simple methods.

These tips are useful before you apply and can improve your chances of approval, too.

How to Reduce Bajaj Personal Loan Interest Rate
 

• Maintain a CIBIL Score above 750: A Higher credit score means lower risk for the lender, which gets you better rates.
   
• Choose Shorter Tenure: A 2- or 3-year loan may get lower rates than a 5-year one.
   
• Apply with a Co-applicant: Adding a spouse or parent with strong income can reduce risk.
   
• Use Pre-approved Offers: These are often offered to existing customers with a clean repayment history.
   
• Avoid Multiple Loan Applications: Too many enquiries hurt your credit score and reduce your chances.

Following these tips can save you thousands of rupees over the full loan period.

Conclusion

Bajaj personal loans offer quick disbursal, fully digital applications, and flexible tenures. The interest rate you receive depends on your profile, credit score, and loan type. While the rate can range from 10% to 31% p.a., most salaried individuals with strong credit scores can expect better deals. Using tools like DigiLocker, UPI, and Bajaj Markets, borrowers today can complete the entire process from their phone. Always check the charges, calculate EMIs, and compare offers before you borrow.

FAQs on Bajaj Personal Loan Interest Rate

What is the lowest Bajaj Personal Loan Interest Rate offered in 2025?
Bajaj Finserv offers rates starting from 11% p.a. to pre-approved customers and salaried individuals with high CIBIL scores.

Can I negotiate the interest rate for a Bajaj personal loan?
Yes, if you have a strong credit score (above 750) and stable income, you may get a better rate upon request.

Is the interest rate fixed or variable?
Bajaj Finserv offers fixed interest rates, meaning your EMI stays the same throughout the tenure.

Do longer tenures mean lower interest rates?
Not always. Longer tenures reduce EMI but increase total interest paid. Shorter tenures often attract better rates.

Will missing an EMI increase my interest rate?
No, the interest rate stays fixed, but you may pay late payment charges, and your credit score may go down.

 

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.