Bajaj Finserv personal loan interest rate and EMI calculator

Bajaj Finance's personal loan for salaried and self-employed people, from ₹40,000 to ₹55 lakh over 1 to 9 years at 10% to 30.5% a year, with a processing fee of up to 3.5% + GST and a 4% + GST charge on foreclosure and on term-loan part-payments.

10% to 30.5% a year
₹40,000 to ₹55 lakh
1 year to 9 years

We don't arrange Bajaj Finserv loans. These figures are from Bajaj Finserv's own pages, for comparison; apply on Bajaj Finserv's own website or branch.

Quick answer

Bajaj Finserv publishes personal loan rates of 10% to 30.5% a year for ₹40,000 to ₹55 lakh over 1 year to 9 years, with a processing fee of up to 4.13% of the loan including GST (3.5% + 18% GST). Flexi variants also pay a one-time Flexi facility charge of ₹1,999 to ₹18,999 including GST, and an annual maintenance charge of up to 0.295% (Flexi Dropline) or up to 0.472% in the interest-only period then 0.295% (Flexi Hybrid) of the dropline limit, including GST. All variants may also pay a credit guarantee scheme fee of up to 1.18% a year of the loan including GST, renewed on the outstanding amount for up to 3 more financial years. Stamp duty as per your state; all upfront charges are deducted from the amount paid out. A ₹1 lakh loan over 12 months at the lowest rate costs about ₹9,629 in interest and fees, or ₹21,410 at the highest.

Rates and charges

Interest rate: 10% to 30.5% a year
Other published rates: Bajaj Finance publishes a rate of 10% to 30.5% a year, 'effective from October 2026' on its rates-and-charges page (read on 21 October 2026). Your rate depends on your CIBIL score (650 is the minimum), income, existing EMIs, employer, loan amount and tenure; the page says listed-company and government employees may get rate offers but gives no figure. No APR range is published; the APR is shown only in your own Key Fact Statement. The same rate applies to the term loan and the two Flexi variants (Flexi Dropline and Flexi Hybrid).
Processing fee: Up to 4.13% of the loan including GST (3.5% + 18% GST). Flexi variants also pay a one-time Flexi facility charge of ₹1,999 to ₹18,999 including GST, and an annual maintenance charge of up to 0.295% (Flexi Dropline) or up to 0.472% in the interest-only period then 0.295% (Flexi Hybrid) of the dropline limit, including GST. All variants may also pay a credit guarantee scheme fee of up to 1.18% a year of the loan including GST, renewed on the outstanding amount for up to 3 more financial years. Stamp duty as per your state; all upfront charges are deducted from the amount paid out.
Loan amount: ₹40,000 to ₹55 lakh
Tenure: 1 year to 9 years
Closing early: Up to 4.72% including GST (4% + 18% GST) of the outstanding loan on the term loan, or of the dropline limit as per the repayment schedule on the Flexi variants, on the date you close the loan.
Part-prepayment: Term loan: up to 4.72% including GST (4% + 18% GST) of the principal you prepay. Flexi Dropline and Flexi Hybrid: no part-prepayment charge, and you can withdraw again within your limit.
Who can apply: Salaried and Self-employed
Minimum income: ₹25,001 a month
Age: 21–80 years; you must be 80 or younger when the loan ends

Bajaj Finserv personal loan EMI calculator

Prefilled with Bajaj Finserv's lowest published rate and its highest published processing fee (3.5%). Change any number to match your offer.

Your loan

Monthly EMI: ₹16,134
Total interest: ₹80,809
Processing fee + 18% GST: ₹20,650
Total cost of the loan: ₹1,01,459
Effective annual cost: 12.92%
Money in hand: ₹4,79,350
You pay back in 3 yr: ₹6,01,459

Total cost = interest + processing fee + GST. Effective annual cost is the yearly rate you really pay on the money in hand, the way lenders work out the APR in a Key Fact Statement.

Same loan, different tenures

EMI and total cost of a ₹5,00,000 loan at 10% for 12 to 60 months
Tenure	EMI	Total interest	Total cost (incl. fee + GST)	Effective annual cost
12 months	₹43,958	₹27,495	₹48,145	18.05%
24 months	₹23,072	₹53,739	₹74,389	14.25%
36 months (yours)	₹16,134	₹80,809	₹1,01,459	12.92%
48 months	₹12,681	₹1,08,702	₹1,29,352	12.25%
60 months	₹10,624	₹1,37,411	₹1,58,061	11.84%

A longer tenure lowers the EMI but raises the total interest. A fixed fee costs more per year on a short loan.

Lenders you can apply to through us

The lowest published starting rates among the lenders we compare. We may earn a commission from these.

IDFC FIRST BankFrom 9.99% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
Poonawalla FincorpFrom 9.99% a year · ₹1 lakh to ₹50 lakhApply nowVia our referral partner. We may earn a commission.
InCred10% to 36% a year · ₹50,000 to ₹15 lakhApply nowVia our referral partner. We may earn a commission.
KreditBee12% to 27.5% a year · ₹3,000 to ₹10 lakhApply nowVia our referral partner. We may earn a commission.

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Questions people ask

What is the Bajaj Finserv personal loan interest rate?

Bajaj Finserv publishes 10% to 30.5% a year. Bajaj Finance publishes a rate of 10% to 30.5% a year, 'effective from October 2026' on its rates-and-charges page (read on 21 October 2026). Your rate depends on your CIBIL score (650 is the minimum), income, existing EMIs, employer, loan amount and tenure; the page says listed-company and government employees may get rate offers but gives no figure. No APR range is published; the APR is shown only in your own Key Fact Statement. The same rate applies to the term loan and the two Flexi variants (Flexi Dropline and Flexi Hybrid). The rate you're offered depends on your credit score, income and employer.

What is the EMI on a ₹5 lakh Bajaj Finserv personal loan?

At Bajaj Finserv's lowest published rate of 10%, about ₹16,134 a month over 36 months; at 30.5%, about ₹21,363. Use the calculator above for your own amount and tenure.

What is Bajaj Finserv's personal loan processing fee?

Up to 4.13% of the loan including GST (3.5% + 18% GST). Flexi variants also pay a one-time Flexi facility charge of ₹1,999 to ₹18,999 including GST, and an annual maintenance charge of up to 0.295% (Flexi Dropline) or up to 0.472% in the interest-only period then 0.295% (Flexi Hybrid) of the dropline limit, including GST. All variants may also pay a credit guarantee scheme fee of up to 1.18% a year of the loan including GST, renewed on the outstanding amount for up to 3 more financial years. Stamp duty as per your state; all upfront charges are deducted from the amount paid out. GST at 18% is added to the fee.

Can I close a Bajaj Finserv personal loan early?

Closing early: Up to 4.72% including GST (4% + 18% GST) of the outstanding loan on the term loan, or of the dropline limit as per the repayment schedule on the Flexi variants, on the date you close the loan. Part-prepayment: Term loan: up to 4.72% including GST (4% + 18% GST) of the principal you prepay. Flexi Dropline and Flexi Hybrid: no part-prepayment charge, and you can withdraw again within your limit.

Can I apply for a Bajaj Finserv personal loan through CreditParakh?

No. We don't arrange Bajaj Finserv loans; apply on Bajaj Finserv's own website, app or branch. If you'd like offers from several lenders at once, our partner's matching page suggests lenders based on your profile.

Last verified 21 Oct 2026 on each issuer's official page. Rates and fees change; check the lender's terms before you apply.

Source (Bajaj Finserv's own page, not linked because we don't arrange its loans): https://www.bajajfinserv.in/personal-loan-processing-fees-and-interest-rates. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.