Bajaj Finserv Review
Personal loan from Bajaj Finserv with amounts up to Rs 55 lakh and flexible EMI options.
Bajaj Finserv is India's most accessible large NBFC lender. A low 685 CIBIL minimum, a huge ₹55 lakh ceiling and disbursal within 24 hours make it a genuine option for borrowers a bank would reject.
But the cost story is the catch. The advertised 10% is a floor for top profiles, and the real band runs all the way to 31% — one of the widest in the market. This review is blunt about that spread, and about the Flexi loan, whose low "interest-only" EMIs can quietly cost you more overall.
Quick Facts
4.6★ · 30L
Play Store
₹55L
Max Loan
10.00% – 31.00% p.a.
Interest Rate
Within 24 hours
Disbursal
12 – 96 months
Tenure
0.5% – 3.93% of loan amount
Processing Fee
Rs 35,000 per month
Min Income
Play Store rating sourced from Google Play, as of 18 Jun 2026. Other figures from the lender's official disclosures.
Our Ratings
Typically within 24 hours of approval, with frequent pre-approved offers for existing customers.
A wide 10–31% band — the 10% is a floor for top profiles, and the Flexi loan adds total cost and a separate annual fee.
The app rates ~4.8★ in-store, though independent review sites are far harsher about lending conduct.
Some users report insurance add-ons, undisclosed fees and slow resolution of charge disputes.
An RBI-registered NBFC (Bajaj Finance Limited), but the wide band and Flexi mechanics need careful reading.
Loan Details & Charges
Eligibility Criteria
What It Actually Costs
Illustrative at a ~15% mid-band rate for a near-prime borrower. Your actual rate (10%–31%) depends on your profile. A Flexi loan would show a lower monthly EMI but a higher total cost.
Try the Bajaj Finserv EMI calculatorPros
- Low 685 CIBIL minimum — approves thinner files than most banks
- Very high ceiling up to ₹55 lakh and long tenure up to 96 months
- Disbursal within 24 hours, with frequent pre-approved offers
- An RBI-registered NBFC (Bajaj Finance Limited) with a strong app
- The Flexi facility is genuinely useful for borrowers with lumpy, recurring cash needs
Cons
- One of the widest rate bands here (10–31%) — most borrowers land well above the 10% floor
- The Flexi loan's interest-only EMIs lower your monthly payment but raise total cost, plus a separate annual Flexi fee
- Some users report insurance/membership products and fees added without clear disclosure
- Processing fee up to 3.93% plus GST
- Part-prepayment and foreclosure only after 12 EMIs, with charges
Our Verdict
Bajaj Finserv is the most accessible large NBFC lender here — a low 685 CIBIL minimum, a huge ₹55 lakh ceiling and disbursal within 24 hours. For thin-file borrowers a bank would reject, that access is genuinely valuable. But the cost is the catch. The advertised 10% is a floor for top profiles, and the real band runs to 31% — one of the widest in the market, so the borrowers most likely to be let in are the least likely to get the headline rate. Be especially careful with the Flexi loan, whose low interest-only EMIs lower your monthly outgo but raise your total cost and carry a separate annual fee. Read the sanction letter line by line — some users report insurance and other charges added without clear disclosure.
Who Bajaj Finserv suits
Look elsewhere if
Things to Watch
- The advertised 10% is a floor for top profiles; the real band runs to 31%, so confirm your actual rate before accepting
- The Flexi loan's low interest-only EMIs raise your total interest paid and carry a separate annual Flexi facility fee — make sure you understand it before choosing it
- Some users report insurance/membership products and charges (flexi fee, annual maintenance) added without clear disclosure — read the sanction letter line by line and ask for a full charges breakdown
How to Apply for Bajaj Finserv
- 1
Check your offer
Open the Bajaj Finserv app or website, enter your mobile number and OTP, and view your pre-approved or eligible offer.
- 2
Enter your details
Provide personal, employment and income details, then choose your amount and tenure.
- 3
Complete KYC
Verify Aadhaar and PAN and complete bank verification.
- 4
Receive funds
On approval, money is disbursed within 24 hours. Before signing, ask for a full charges breakdown.
Documents Required
What Real Users Say
The Bajaj Finserv app rates around 4.8★ on the Play Store with 100M+ installs, though independent review sites skew far more negative — a sign the gripe is with lending conduct, not the app itself.
In-store ratings are high, but consumer-forum sentiment is much harsher.
What users love
Borrowers praise the fast disbursal, the all-in-one app, and approval for mid-range CIBIL files banks reject.
Common complaints
Some users report insurance add-ons and undisclosed fees, aggressive sales calls, and slow resolution of charge disputes.
How Bajaj Finserv Compares
vs HDFC Insta Personal Loan — HDFC starts lower on paper with a capped flat fee but wants a cleaner 750+ file — Bajaj wins on access and ticket size, HDFC on cost for clean files.
vs ICICI Bank Personal Loan — ICICI is bank-grade on conduct and cost if you qualify; choose Bajaj if you need a thinner-file approval or a larger ₹55 lakh ticket.
vs KreditBee — KreditBee is for small, fast app loans with looser income rules; Bajaj is better for larger amounts and a lower floor, though neither is cheap at the top of its band.
How we tested
We reviewed Bajaj Finance's published rates, fees and Flexi-loan mechanics, cross-checked the lender against RBI NBFC records, and read recent borrower feedback across the Play Store and consumer forums. Conduct complaints are user-reported allegations, not adjudicated findings. Figures are accurate as of mid-2026 and are profile-dependent — always confirm your actual offer and a full charges breakdown before borrowing.
Frequently Asked Questions
What interest rate will I actually get from Bajaj Finserv?
Can I get a Bajaj personal loan with a 685 CIBIL score?
What's the catch with the Bajaj Flexi Personal Loan?
Does Bajaj add insurance or extra fees to the loan?
How fast is disbursal and what do I need to apply?
Compare With
Compare AppsBajaj Finserv Tools
All Loan App Reviews
See how Bajaj Finserv stacks up against every other instant loan app we've reviewed — compare ratings, max loan and rates side by side.
| Rank | App | Rating | Max Loan | Rate | Review |
|---|---|---|---|---|---|
| 1 | Bajaj Finserv | 4.6 | ₹55L | 10.00% – 31.00% p.a. | You're here |
| 2 | Navi | 4.6 | ₹20L | 9.90% – 29.00% p.a. | Read Review |
| 3 | KreditBee NBFC lending partners | 4.5 | ₹10L | 12.00% – 28.50% p.a. | Read Review |
| 4 | MoneyView NBFC lending partners | 4.5 | ₹10L | 14.00% – 24.00% p.a. | Read Review |
| 5 | Home Credit | 4.5 | ₹4.8L | 19.20% – 44.00% p.a. | Read Review |
| 6 | Fibe NBFC partners | 4.5 | ₹10L | 18.00% – 36.00% p.a. | Read Review |
| 7 | Piramal Finance | 4.5 | ₹5L | 12.99% – 24.00% p.a. | Read Review |
| 8 | True Balance NBFC partners | 4.5 | ₹2L | 28.80% – 36.00% p.a. | Read Review |
| 9 | mPokket NBFC partners | 4.4 | ₹2L | 22.00% – 36.00% p.a. | Read Review |
| 10 | LazyPay NBFC partners | 4.4 | ₹5L | 18.00% – 32.00% p.a. | Read Review |
| 11 | Kissht NBFC lending partners | 4.4 | ₹5L | 14.00% – 30.00% p.a. | Read Review |
| 12 | Freo NBFC partners | 4.4 | ₹5L | 13.00% – 36.00% p.a. | Read Review |
| 13 | Nira NBFC partners | 4.4 | ₹1L | 24.00% – 36.00% p.a. | Read Review |
| 14 | CASHe NBFC partners | 4.3 | ₹3L | 33.50% – 36.00% p.a. | Read Review |
| 15 | FlexSalary NBFC partners | 4.3 | ₹2L | 18.00% – 42.00% p.a. | Read Review |
| 16 | OLYV NBFC partners | 4.3 | ₹5L | 18.00% – 36.00% p.a. | Read Review |
| 17 | Stashfin NBFC partners | 4.2 | ₹5L | 11.99% – 59.99% p.a. | Read Review |
| 18 | PayRupik NBFC partners | 4.2 | ₹2.5L | 20.00% – 36.00% p.a. | Read Review |
| 19 | HDFC Insta Loan | 4 | ₹40L | 9.99% – 24.00% p.a. | Read Review |
| 20 | ICICI Bank Personal Loan | 4 | ₹50L | 9.99% – 24.00% p.a. | Read Review |
| 21 | Axis Bank Instant Loan | 4 | ₹40L | 9.99% – 21.55% p.a. | Read Review |