ICICI Bank vs Bajaj Finserv Personal Loan — 2024 Comparison
Detailed comparison on rates, fees, eligibility, and disbursal. Updated August 2026.
ICICI Bank wins on 5 of 5 factors — its starting rate is 10.8% p.a. vs 11% for Bajaj Finserv.
Our Verdict
ICICI Bank wins on 5 out of 5 factors. Choose ICICI Bank if you want the lowest possible rate and have a strong credit profile. Choose Bajaj Finserv if you need faster disbursal or a higher loan amount.
ICICI Bank vs Bajaj Finserv — FAQ
ICICI Bank offers a lower starting rate (10.8%) and is better for high-credit-score applicants. Bajaj Finserv (11%+) is better if you need a faster disbursal or a higher loan amount.
ICICI Bank charges a processing fee of 1% - 2% of the loan amount. This is charged upfront and deducted from the disbursed amount.
Bajaj Finserv 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.