Bajaj FinservVSState Bank of India
Bajaj Finserv vs State Bank of India Personal Loan
Detailed side-by-side comparison — rates, eligibility, pros & cons. Find which is better for your profile.
Interest Rate
11–34% ✓
11.05–14.56%
Min CIBIL
685+
650+ ✓
Max Amount
₹40,00,000 ✓
₹20,00,000
Min Salary
₹20,000
₹15,000 ✓
Disbursal
24 hours
3-5 working days
Processing Fee
Up to 3.93%
1% of loan amount
Prepayment
Up to 4.72%
Nil after 12 EMIs
Type
NBFC
BANK
Bajaj Finserv wins on 2 features, State Bank of India wins on 2. 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
State Bank of India
✅Lowest rates for govt employees
✅Accepts 650+ CIBIL
✅Long tenure up to 72 months
❌Slower disbursal (3-5 days)
❌Limited to salaried/govt employees
Frequently Asked Questions
Which is better — Bajaj Finserv or State Bank of India for personal loan?
It depends on your profile. Bajaj Finserv offers rates from 11% (needs CIBIL 685+), while State Bank of India starts at 11.05% (needs CIBIL 650+). GoCredit’s AI Loan Agent compares both and 50+ other lenders to find the best rate for your exact profile.
Bajaj Finserv vs State Bank of India — which has a lower interest rate?
Bajaj Finserv has the lower starting rate at 11%. 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 State Bank of India?
Bajaj Finserv requires 685+, State Bank of India requires 650+. 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 State Bank of India?
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 55+ 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