Axis Bank Personal Loan vs Bajaj Finserv Personal Loan— Detailed Comparison 2026
If you are deciding between Axis Bank Personal Loan and Bajaj Finserv Personal Loan, you are not alone — this is one of the most popular loan comparisons in India. We have analyzed both products across all key parameters so you can see exactly how they stack up against each other.
Our Pick
Bajaj Finserv Personal Loan
Bajaj Finserv
★★★★★★4.3
Those who want flexible draw-down and repayment options
Feature-by-Feature Comparison
| Feature | Axis Bank Personal Loan | Bajaj Finserv Personal Loan | Winner |
|---|---|---|---|
| Interest Rate (Min) | 10.49% | 11% | Axis Bank |
| Interest Rate (Max) | 22% | 18% | Bajaj Finserv |
| Interest Rate Type | fixed | fixed | Tie |
| Processing Fee | Up to 2% of loan amount | Up to 3.93% of loan amount | Tie |
| Minimum Loan Amount | ₹50,000 | ₹1 Lakh | Axis Bank |
| Maximum Loan Amount | ₹50 Lakh | ₹35 Lakh | Axis Bank |
| Minimum Tenure | 12 | 12 | Tie |
| Maximum Tenure | 60 | 84 | Bajaj Finserv |
| Tenure Unit | months | months | Tie |
| Prepayment Charges | 4% of outstanding principal | 2%–4% of outstanding amount; nil after 12 EMIs (select plans) | Tie |
| Foreclosure Charges | 4% of outstanding principal | Nil after 12 months of regular payments | Tie |
| Disbursal Time | 24–48 hours | Within 24 hours of approval | Tie |
| EMI per Lakh | Rs 2,148 per lakh for 60 months at 10.49% | Rs 2,174 per lakh for 60 months at 11.00% | Tie |
| Best For | Professionals needing quick personal finance | Those who want flexible draw-down and repayment options | Tie |
| Overall Rating | ★★★★★4.2 | ★★★★★★4.3 | Bajaj Finserv |
Pros & Cons
Axis Bank Personal Loan
+Advantages
- ✔Loan up to Rs 50 lakh
- ✔Quick processing within 24 hours
- ✔Flexible tenure up to 60 months
- ✔Balance transfer facility available
−Disadvantages
- ✘Interest rates slightly higher starting at 10.49%
- ✘Processing fee up to 2%
- ✘Strict CIBIL requirements
Bajaj Finserv Personal Loan
+Advantages
- ✔Instant approval — disbursal within 24 hours
- ✔Loan up to Rs 35 lakh
- ✔Flexi loan option — pay interest on utilized amount only
- ✔No foreclosure charges after 12 months
- ✔Simple online application process
−Disadvantages
- ✘Interest rates start at 11.00% — not the lowest
- ✘Processing fee up to 3.93%
- ✘Higher rates for those without existing relationship
Our Verdict: Axis Bank Personal Loan vs Bajaj Finserv Personal Loan
Based on our analysis, Bajaj Finserv Personal Loan edges ahead with a rating of 4.3/5 compared to Axis Bank Personal Loan's 4.2/5. With a difference of 0.1 points, Bajaj Finserv Personal Loan offers a stronger overall package. However, Axis Bank Personal Loan may be better suited for specific use cases — review the feature-by-feature comparison above to decide what works best for your needs.
Frequently Asked Questions
Which is better — Axis Bank Personal Loan or Bajaj Finserv Personal Loan?▾
Based on our analysis, Bajaj Finserv Personal Loan scores higher with 4.3/5 compared to Axis Bank Personal Loan's 4.2/5. However, the best choice depends on your specific requirements and priorities.
What is the difference between Axis Bank Personal Loan and Bajaj Finserv Personal Loan?▾
Axis Bank Personal Loan and Bajaj Finserv Personal Loan differ in several key areas including pricing, features, and target audience. Axis Bank Personal Loan is best for Professionals needing quick personal finance, while Bajaj Finserv Personal Loan is best for Those who want flexible draw-down and repayment options. See the detailed comparison above for a feature-by-feature breakdown.
Is Axis Bank Personal Loan worth it in 2026?▾
Axis Bank Personal Loan carries a rating of 4.2/5 on IndiaBestProducts. It is considered a strong option in the Loan space. Review the pros and cons listed above to see if it matches your specific needs.
Is Bajaj Finserv Personal Loan worth it in 2026?▾
Bajaj Finserv Personal Loan has a rating of 4.3/5. It is recognized for its competitive features in the Loan category. Check the detailed specs above to determine if it suits your requirements.
Can I compare more than two loan products?▾
Yes! Use our interactive comparison tool at /compare to compare up to 3 loan products side by side. Select your preferred products and get an instant feature-by-feature comparison.
Read Full Reviews
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