A deburring tool is adapted to be rotatably mounted in a chuck of a drive motor to perform deburring operations. The deburring tool includes an arbor and a blade having a cutting head portion defined at one end thereof and a clip portion defined substantially at the other end of the blade opposite the head portion. The blade is mounted relative to the arbor such that the blade projects a predetermined distance from the arbor in an unstressed condition. The blade is sufficiently resiliently yieldable such that it can move inwardly with respect to the arbor during deburring operations. The clip portion is adapted to flex to provide a spring-like force acting along the blade toward the head portion to facilitate insertion and removal of the blade relative to the deburring tool without use of any tools.