Short answer: Both are large NBFCs offering term and Flexi personal loans. Aditya Birla Capital starts at 10.99% (floating) with a 12-month prepayment lock-in; Bajaj Finance starts at 10% (fixed range up to 30.5%), lends from ₹40,000 for up to 108 months and accepts a 650 score.
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.
Aditya Birla Capital vs Bajaj Finance at a glance
| Aditya Birla Capital | Bajaj Finance | |
|---|---|---|
| Type | RBI-registered NBFC (Upper layer) | RBI-registered NBFC (Upper layer) |
| Loan amount | About ₹50,000 to ₹50 lakh (one FAQ says up to ₹65 lakh) | ₹40,000 to ₹55 lakh |
| Interest rate | From 10.99% a year (floating) | 10% to 30.5% a year |
| APR | Not published | Not published |
| Processing fee | Up to 1.5% to 4% (older schedule of charges: up to 2%) | Up to 4.13% of the loan amount, including taxes |
| Tenure | 1 to 7 years (calculator range) | 12 to 108 months |
| Minimum income | ₹25,000 to ₹35,000 depending on city (eligibility article) | From ₹25,001 a month depending on city (₹40,000 cited for Pune, Bengaluru, Mumbai, Delhi) |
| Who can apply | Salaried at a recognised organisation; some pages also list self-employed | Salaried (public, private or MNC); self-employed also listed |
| Age | 21 or 23 to 60 (up to 62 in some cases) | 21 to 80 at the end of the loan |
| Prepayment and foreclosure | 12-month lock-in; charges apply after that. Older schedule: 4% + GST on part-prepayment above 20% | Term loan: up to 4.72% incl. taxes on full or part-prepayment. Flexi loans: no part-prepayment charge. |
| Product | Term loan; Flexi personal loan | Term loan, Flexi Dropline and Flexi Hybrid |
| RBI-regulated lenders | Aditya Birla Capital lends directly | Bajaj Finance lends directly |
| On RBI’s digital lending app list | Yes: 2 RBI-regulated lenders list it; 1Cr+ installs, rated 4.5 | Yes: 1 RBI-regulated lender lists it; 10Cr+ installs, rated 4.7 |
| Also worth knowing | Floating rate linked to its reference rate; Credit score 700 to 750+ (pages differ) | Flexi loans charge interest only on the amount withdrawn; Flexi Hybrid: interest-only EMIs for up to 36 months; CIBIL score 650 or higher |
Install counts and ratings are from Google Play, as recorded on RBI’s digital lending app list check of 5 October 2026.
What a ₹3 lakh loan over 36 months would cost
We costed the same loan on each lender’s advertised figures, using the standard reducing-balance EMI formula and adding 18% GST to fees where the lender quotes them before tax. The lowest advertised rate is usually for the strongest credit profiles; many borrowers are offered more.
| Lender | Scenario | Rate a year | EMI | Total interest | Fee incl. GST | Total cost |
|---|---|---|---|---|---|---|
| Aditya Birla Capital | Lowest advertised rate, highest fee | 10.99% | ₹9,820 | ₹53,527 | ₹14,160 | ₹67,687 |
| Bajaj Finance | Lowest advertised rate | 10% | ₹9,680 | ₹48,486 | ₹12,390 | ₹60,876 |
| Bajaj Finance | Highest advertised rate | 30.5% | ₹12,818 | ₹1,61,440 | ₹12,390 | ₹1,73,830 |
Try your own numbers in our personal loan EMI calculator. For loans quoted only as APR, the APR already includes fees, so the total is an estimate.
Key differences
- Rate: Aditya Birla Capital from 10.99% (floating); Bajaj 10% to 30.5%.
- Fee: Aditya Birla Capital up to 4%; Bajaj up to 4.13% including taxes.
- Prepaying: Aditya Birla Capital not in the first 12 months; Bajaj Flexi part-prepayment free.
- Credit score: Aditya Birla Capital 700 to 750+; Bajaj 650+.
Which should you choose?
Aditya Birla Capital may suit you if you want a floating rate linked to its reference rate.
Bajaj Finance may suit you if your score is 650 to 700, or you want to prepay a Flexi loan freely.
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
Is Aditya Birla Capital’s personal loan rate fixed or floating?
Floating, linked to Aditya Birla Finance’s reference rates, starting from 10.99%. Your EMI or tenure can change if the reference rate changes.
Do both offer Flexi loans?
Yes. Both offer a Flexi personal loan where you pay interest on the amount used.
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
- Aditya Birla Capital personal loan
- Aditya Birla Capital interest rates
- Bajaj Finance personal loan page
- Bajaj Finance loan for salaried
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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.