Short answer: Both are large NBFCs with starting rates around 10% to 11%. Bajaj Finance lends more (up to ₹55 lakh, 108 months) and offers Flexi loans where you pay interest only on what you withdraw. Tata Capital lets you part-prepay up to 25% of the loan free and accepts a lower minimum income (₹20,000), but caps tenure at 6 years.
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.
Bajaj Finance vs Tata Capital at a glance
| Bajaj Finance | Tata Capital | |
|---|---|---|
| Type | RBI-registered NBFC (Upper layer) | RBI-registered NBFC (Upper layer) |
| Loan amount | ₹40,000 to ₹55 lakh | ₹40,000 to ₹35 lakh |
| Interest rate | 10% to 30.5% a year | From 10.99% a year (reducing balance) |
| APR | Not published | Not published |
| Processing fee | Up to 4.13% of the loan amount, including taxes | Up to 5% + taxes |
| Tenure | 12 to 108 months | Up to 6 years |
| Minimum income | From ₹25,001 a month depending on city (₹40,000 cited for Pune, Bengaluru, Mumbai, Delhi) | ₹20,000 a month |
| Who can apply | Salaried (public, private or MNC); self-employed also listed | Salaried (1 year in current job, 2 years total) |
| Age | 21 to 80 at the end of the loan | 21 to 58 |
| Prepayment and foreclosure | Term loan: up to 4.72% incl. taxes on full or part-prepayment. Flexi loans: no part-prepayment charge. | Part-prepay up to 25% of the disbursed amount free; Tata Capital’s own FAQ cites 6.5% foreclosure within 12 months and 4.5% after |
| Product | Term loan, Flexi Dropline and Flexi Hybrid | Term loan; Hybrid Term Loan option |
| RBI-regulated lenders | Bajaj Finance lends directly | Tata Capital lends directly |
| On RBI’s digital lending app list | Yes: 1 RBI-regulated lender lists it; 10Cr+ installs, rated 4.7 | Yes: 2 RBI-regulated lenders list it; 50L+ installs, rated 4.4 |
| Also worth knowing | Flexi loans charge interest only on the amount withdrawn; Flexi Hybrid: interest-only EMIs for up to 36 months; CIBIL score 650 or higher | Hybrid option charges interest only on the amount used; CIBIL 725+ preferred |
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 |
|---|---|---|---|---|---|---|
| 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 |
| Tata Capital | Lowest advertised rate, highest fee | 10.99% | ₹9,820 | ₹53,527 | ₹17,700 | ₹71,227 |
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: Bajaj 10% to 30.5% a year; Tata Capital from 10.99%.
- Fee: Bajaj up to 4.13% including taxes; Tata Capital up to 5% + taxes.
- Prepaying: Tata Capital allows 25% part-prepayment free. Bajaj charges up to 4.72% on term loans but nothing on Flexi part-prepayments.
- Income: Tata Capital ₹20,000 a month; Bajaj from ₹25,001 depending on city (₹40,000 in big metros).
Which should you choose?
Bajaj Finance may suit you if you want a large loan, a tenure longer than 6 years, or a Flexi line to draw and repay as needed.
Tata Capital may suit you if you earn less than Bajaj’s city threshold or want to part-prepay without a charge.
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 Bajaj Finance Flexi loan?
You get a sanctioned limit, withdraw when you need and pay interest only on what you have withdrawn. Bajaj states no part-prepayment charge on Flexi loans.
What credit score do Bajaj Finance and Tata Capital need?
Bajaj Finance states 650 or higher. Tata Capital says a score of 725 or more is preferred.
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
- Bajaj Finance personal loan page
- Bajaj Finance loan for salaried
- Tata Capital personal loan page
- Tata Capital on loan closure
Read more: Bajaj Finance app review · Tata Capital app review · Bajaj Finance lender profile · Tata Capital lender profile · 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.