Short answer: Both offer interest-only periods followed by a reducing limit. Bajaj Flexi starts lower (10% against 14.75%), has a slightly lower maximum fee and lends from ₹40,000. Tata Capital starts at ₹2 lakh and allows 25% free part-prepayment.
Last verified: 12 October 2026 from each company’s official website and, where marked, its Google Play listing. Rates and fees change; the lender’s Key Fact Statement (KFS) and loan agreement decide your actual terms. FundsTiger does not rank lenders.
Tata Capital Overdraft Loan vs Bajaj Finance Flexi Loan at a glance
| Tata Capital Overdraft Loan | Bajaj Finance Flexi Loan | |
|---|---|---|
| Type | RBI-registered NBFC (Upper layer) | RBI-registered NBFC (Upper layer) |
| Product | Hybrid term loan (overdraft, then dropline) | Flexi Dropline and Flexi Hybrid personal loans |
| Lender | Tata Capital | Bajaj Finance |
| Limit | ₹2 lakh to ₹35 lakh | ₹40,000 to ₹55 lakh |
| Interest rate | From 14.75% a year | 10% to 30.5% a year |
| Fees | Processing up to 5% + taxes | Up to 4.13% including taxes |
| How you draw money | Multiple withdrawals online; money same or next working day | Withdraw from a sanctioned limit as needed |
| Repayment | Interest only for 1 to 2 years, then the limit drops monthly | Hybrid: interest-only EMIs for up to 36 months; Dropline: limit reduces |
| Validity | 36 to 84 months | 12 to 108 months |
| Who can apply | Salaried; age 21 to 58; credit score 725+; 1 year in job | Salaried or self-employed; CIBIL 650+; income from ₹25,001 by city |
| Prepayment | Part-prepay up to 25% free; foreclosure charge applies | No part-prepayment charge on Flexi loans |
| Also worth knowing | Interest-only period first; Limit falls each month later | Interest only on what you withdraw; Long tenures |
What it costs to use ₹50,000 for 3 months
We assumed a ₹2 lakh limit, ₹50,000 drawn for 3 months, interest on the amount used, and the first-year or per-draw fees (with GST). For Stashfin we left out its 30 interest-free days. EMI-based lines charge interest on a reducing balance, so the real interest can be a little lower.
| Provider | Scenario | Rate a year | Interest | Fees | Total cost |
|---|---|---|---|---|---|
| Tata Capital Overdraft Loan | Starting rate, max fee on ₹2 lakh limit | 14.75% | ₹1,844 | ₹11,800 | ₹13,644 |
| Bajaj Finance Flexi Loan | Lowest rate, max fee on ₹2 lakh limit | 10% | ₹1,250 | ₹8,260 | ₹9,510 |
| Bajaj Finance Flexi Loan | Highest rate | 30.5% | ₹3,812 | ₹8,260 | ₹12,072 |
Key differences
- Rate: Tata Capital from 14.75%; Bajaj 10% to 30.5%.
- Smallest limit: Tata Capital ₹2 lakh; Bajaj ₹40,000.
- Fee: Tata Capital up to 5% + taxes; Bajaj up to 4.13% including taxes.
- Eligibility: Tata Capital salaried, score 725+; Bajaj salaried or self-employed, score 650+.
Which should you choose?
Tata Capital Overdraft Loan may suit you if you want to part-prepay up to 25% at no cost.
Bajaj Finance Flexi Loan may suit you if you want the lower starting rate or a smaller limit.
Whichever you pick, compare the APR in the KFS you are actually offered, not the advertised starting rate.
Before you apply
- Find the lender’s name in the app and check it on RBI’s list of digital lending apps or our RBI-registered NBFC search.
- Read the Key Fact Statement (KFS) before you accept. It must show the APR, every fee and the total you will repay.
- Never pay a fee before the loan is disbursed. Regulated lenders deduct fees from the loan or add them to the EMI.
- Apply to one or two lenders, not ten. Each application is a hard enquiry on your credit report.
- Check that the EMI fits your budget with our FOIR calculator.
Want to see offers from several RBI-regulated lenders in one place?
Frequently asked questions
What is a dropline overdraft?
An overdraft whose limit drops every month, so it is fully repaid by the end of the tenure.
Do both charge interest only on what I use?
Yes, during the drawdown period.
Are these lenders RBI-regulated?
The loans described here are given by RBI-registered NBFCs or banks named in the table. Check the lender named in your loan agreement on RBI’s digital lending app list.
Where do these figures come from?
From each company’s official website and, where noted, its Google Play listing, checked on 12 October 2026. Where a company’s own pages disagree, we show both figures.
Sources
Read more: All personal credit lines compared · All loan app reviews · Lender directory
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Disclosure: FundsTiger (Gatimaan Finance Advisors Pvt. Ltd.) is a loan marketplace and lending service provider for RBI-regulated lenders. Aparampaar Finance Pvt. Ltd. (Omozing), one of those lenders, is a related party of FundsTiger. This article is general information, not financial advice. Read your loan agreement and KFS before you decide.