ICICI Bank Personal Loan vs Bajaj Finserv Personal Loan— Detailed Comparison 2026
Choosing between ICICI Bank Personal Loan and Bajaj Finserv Personal Loan? Both are popular options in the loan space in India, but they differ in pricing, features, and target audience. In this 2026 comparison, we break down every detail side by side — from fees and benefits to user ratings — so you can make an informed decision.
Our Pick
ICICI Bank Personal Loan
ICICI Bank
★★★★★★4.4
ICICI Bank existing customers and high-income professionals
Bajaj Finserv Personal Loan
Bajaj Finserv
★★★★★★4.3
Those who want flexible draw-down and repayment options
Feature-by-Feature Comparison
| Feature | ICICI Bank Personal Loan | Bajaj Finserv Personal Loan | Winner |
|---|---|---|---|
| Interest Rate (Min) | 10.65% | 11% | ICICI Bank |
| Interest Rate (Max) | 19% | 18% | Bajaj Finserv |
| Interest Rate Type | fixed | fixed | Tie |
| Processing Fee | Up to 2.50% of loan amount | Up to 3.93% of loan amount | Tie |
| Minimum Loan Amount | ₹50,000 | ₹1 Lakh | ICICI Bank |
| Maximum Loan Amount | ₹50 Lakh | ₹35 Lakh | ICICI Bank |
| Minimum Tenure | 12 | 12 | Tie |
| Maximum Tenure | 60 | 84 | Bajaj Finserv |
| Tenure Unit | months | months | Tie |
| Prepayment Charges | 5% of outstanding principal amount | 2%–4% of outstanding amount; nil after 12 EMIs (select plans) | Tie |
| Foreclosure Charges | 5% of outstanding principal amount | Nil after 12 months of regular payments | Tie |
| Disbursal Time | Instant for pre-approved, 3–5 working days for others | Within 24 hours of approval | Tie |
| EMI per Lakh | Rs 2,156 per lakh for 60 months at 10.65% | Rs 2,174 per lakh for 60 months at 11.00% | Tie |
| Best For | ICICI Bank existing customers and high-income professionals | Those who want flexible draw-down and repayment options | Tie |
| Overall Rating | ★★★★★★4.4 | ★★★★★★4.3 | ICICI Bank |
Pros & Cons
ICICI Bank Personal Loan
+Advantages
- ✔Instant approval for pre-approved customers
- ✔Loan up to Rs 50 lakh
- ✔Flexible EMI options including step-up EMIs
- ✔Digital application via iMobile app
- ✔Competitive rates starting at 10.65%
−Disadvantages
- ✘Processing fee up to 2.50%
- ✘Prepayment charges apply
- ✘Interest rate varies significantly by profile
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: ICICI Bank Personal Loan vs Bajaj Finserv Personal Loan
Based on our analysis, ICICI Bank Personal Loan edges ahead with a rating of 4.4/5 compared to Bajaj Finserv Personal Loan's 4.3/5. With a difference of 0.1 points, ICICI Bank Personal Loan offers a stronger overall package. However, Bajaj Finserv 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 — ICICI Bank Personal Loan or Bajaj Finserv Personal Loan?▾
Based on our analysis, ICICI Bank Personal Loan scores higher with 4.4/5 compared to Bajaj Finserv Personal Loan's 4.3/5. However, the best choice depends on your specific requirements and priorities.
What is the difference between ICICI Bank Personal Loan and Bajaj Finserv Personal Loan?▾
ICICI Bank Personal Loan and Bajaj Finserv Personal Loan differ in several key areas including pricing, features, and target audience. ICICI Bank Personal Loan is best for ICICI Bank existing customers and high-income professionals, 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 ICICI Bank Personal Loan worth it in 2026?▾
ICICI Bank Personal Loan carries a rating of 4.4/5 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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