Loan Fest Freebies: Is 30% Interest Worth Your OTT?
Bajaj Finance is offering free OTT subscriptions and dining vouchers if you take a personal loan by August 31. Sounds exciting — but interest rates go up to 30% per year, so the rewards may cost far more than they are worth.
That 'free' Zomato Gold could cost ₹18,000+ extra in interest if you borrow at peak rate.
Your Bajaj personal loan could cost you this much in interest
Key Takeaways
Calculate your true loan cost first: use a free EMI calculator to see total interest outgo before the freebies tempt you.
Compare rates across lenders — HDFC Bank, SBI, and Axis often offer personal loans at 10–14%, well below Bajaj's upper limit.
If you genuinely need a loan, check your pre-approved offers on your bank app — you may get a lower rate without any gimmicks.
Bajaj Finance is offering free OTT subscriptions and dining vouchers if you take a personal loan by August 31. Sounds exciting — but interest rates go up to 30% per year, so the rewards may cost far more than they are worth.
Here's what happened: Bajaj Finance's 'Loan Fest' (July 10–August 31) gives OTT bundles, Zomato Gold, and 40+ vouchers on personal loan disbursal.. Loans range from ₹40,000 to ₹55 lakh at interest rates of 10%–30% per annum, with tenure up to 108 months.. The reward bundle — including 6-month multi-OTT access and JioHotstar — is subject to eligibility and terms..
What you should do: Calculate your true loan cost first: use a free EMI calculator to see total interest outgo before the freebies tempt you.. Compare rates across lenders — HDFC Bank, SBI, and Axis often offer personal loans at 10–14%, well below Bajaj's upper limit.. If you genuinely need a loan, check your pre-approved offers on your bank app — you may get a lower rate without any gimmicks..
A ₹5 lakh loan at 30% for 5 years costs you ₹4.84 lakh in interest alone — far more than the value of any free OTT bundle.
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- [1]“Bajaj Finance Launches Loan Fest with Exclusive Rewards on Personal Loan Disbursal” NewsVoir · 19 Jul 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.