Loan comparison of Axis Bank Personal Loan vs HDFC Bank Personal Loan

Interest Rate

10.49% onwards per annum
10.50% - 21.00% per annum

Loan Amount

Up to Rs. 40 Lakh
Up to Rs. 40 Lakh

Loan Tenure

Up to 60 months
12 to 60 months

Loan Processing fees

Up to 2% of the loan amount + GST
Up to Rs. 4999

EMI per Lakh

Rs. 1074 Per Lakh
Rs. 1878 Per Lakh

Part Payment Charges

* 5% for 0 to 12 months * 4% for 13 to 24 months * 3% for 25 to 36 months * 2% for greater than 36 months
For salaried individuals there's no pre-payment in Part or Full permitted until repayment of 12 EMIs. Part-payment is allowed up to 25% of Principal Outstanding, and can be done only once in the financial year and twice during the loan tenure. Following are Part-payment Charges (on part-payment amount): Salaried- 13-24 months - 4% of principal outstanding 25-36 months - 3% of principal outstanding >36 months - 2% of principal outstanding

Minimum Income

The minimum net monthly income should be Rs. 15,000
Minimum Rs. 25,000 net income per month


* Duly filled application form

* KYC documents

* Loan agreement duly signed and Standing Instruction (SI) Request / ECS Forms

* Docs declaring the continued employment for the applicant

* Identity proof such as a copy of passport/voter ID card/driving license/Aadhaar

* Address proof such as a copy of passport/voter ID card/driving license/Aadhaar

* Bank statement of previous 3 months and passbook of previous 6 months

* Two latest salary slip/current dated salary certificate with the latest Form 16

More comparisions with Axis Bank Personal Loan

More comparisions with HDFC Bank Personal Loan