Bajaj FinservVSKotak Mahindra Bank
Bajaj Finserv vs Kotak Mahindra Bank Personal Loan
Detailed side-by-side comparison — rates, eligibility, pros & cons. Find which is better for your profile.
Interest Rate
10–30.5% ✓
10.99–24%
Min CIBIL
650+ ✓
685+
Max Amount
₹55,00,000 ✓
₹35,00,000
Min Salary
₹20,000 ✓
₹30,000
Disbursal
24 hours
24-48 hours
Processing Fee
Up to 4.13% (incl. taxes)
Up to 5% + taxes
Prepayment
Up to 4.72%
Nil
Type
NBFC
BANK
Bajaj Finserv wins on 4 features, Kotak Mahindra Bank wins on 0. But the best lender for you depends on your salary and CIBIL — not just the specs.
Bajaj Finserv
✅Flexible tenures (1-96 months)
✅Accepts 685+ CIBIL
✅Very wide reach across India
❌Higher interest rates for lower CIBIL
❌Processing fees can add up
Kotak Mahindra Bank
✅No prepayment charges
✅Fully digital process
✅Competitive rates for good credit
❌Higher minimum salary (₹30,000)
❌Primarily for salaried only
Frequently Asked Questions
Which is better — Bajaj Finserv or Kotak Mahindra Bank for personal loan?
It depends on your profile. Bajaj Finserv offers rates from 10% (needs CIBIL 650+), while Kotak Mahindra Bank starts at 10.99% (needs CIBIL 685+). GoCredit’s AI Loan Agent compares both and 50+ other lenders to find the best rate for your exact profile.
Bajaj Finserv vs Kotak Mahindra Bank — which has a lower interest rate?
Bajaj Finserv has the lower starting rate at 10%. However, your actual rate depends on CIBIL score and salary. Check your personalised rate on GoCredit.
What is the minimum CIBIL score for Bajaj Finserv and Kotak Mahindra Bank?
Bajaj Finserv requires 650+, Kotak Mahindra Bank requires 685+. If your score doesn’t meet either threshold, GoCredit’s AI matches you with lenders that accept your current profile.
Should I apply to Bajaj Finserv or Kotak Mahindra Bank?
Instead of choosing one, use GoCredit’s AI Loan Agent to apply to both simultaneously along with 50+ other lenders. You get the best offer without multiple applications and hard enquiries.
Why Compare Just 2?
GoCredit's AI Loan Agent compares 100+ lenders simultaneously and finds the absolute best rate for your exact profile — salary, CIBIL, and loan amount. One click, all offers.
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Instant result — no signup, no CIBIL impact