Bajaj Finserv vs IDFC First Bank Personal Loan — 2024 Comparison
Detailed comparison on rates, fees, eligibility, and disbursal. Updated August 2026.
IDFC First Bank wins on 3 of 5 factors — its starting rate is 10.49% p.a. vs 11% for Bajaj Finserv.
Our Verdict
IDFC First Bank wins on 3 out of 5 factors. Choose Bajaj Finserv if you want the lowest possible rate and have a strong credit profile. Choose IDFC First Bank if you need faster disbursal or a higher loan amount.
Bajaj Finserv vs IDFC First Bank — FAQ
Bajaj Finserv offers a lower starting rate (11%) and is better for high-credit-score applicants. IDFC First Bank (10.49%+) is better if you need a faster disbursal or a higher loan amount.
Bajaj Finserv charges a processing fee of Up to 3.93% of the loan amount. This is charged upfront and deducted from the disbursed amount.
IDFC First Bank typically requires a minimum CIBIL score of 700–730. Scores above 750 qualify for the lowest interest rates.
Applying to two lenders simultaneously results in two hard credit inquiries, which can reduce your CIBIL score by 10–20 points. Use SafeBorrow's comparison to choose one and apply to the best fit first.