Bajaj Finance Profits Soar: Is Your EMI Still Too High?

Bajaj Finance posted a 29% jump in net profit this quarter. But booming NBFC profits often mean borrowers are paying high interest rates. Here's what you should know about your EMI and loan costs.

Here's what happened: Bajaj Finance reported standalone net profit of ₹5,345 crore in Q1 FY27, up 29% compared to the same quarter last year.. The NBFC's consolidated profit crossed ₹6,081 crore — reflecting strong growth in its consumer and personal loan book across India.. NBFCs like Bajaj Finance charge interest rates ranging from 11% to 34% per year depending on borrower profile and loan type..

What you should do: Check the exact interest rate on your current Bajaj Finance or NBFC loan — look for the APR, not just the flat rate advertised.. Compare your EMI cost against bank personal loan rates, which are often 2–6% lower for salaried borrowers with a CIBIL score above 750.. Request a rate review or foreclosure statement from your lender — prepaying an NBFC loan can save thousands in interest over the remaining tenure..

NBFCs are not bound by RBI's repo rate transmission rules the way banks are — so when RBI cuts rates, your NBFC loan rate may NOT drop automatically. Always negotiate or refinance.