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Loan comparison of CitiBank Personal Loan vs Axis Bank Personal Loan

Interest Rate

10.75% per annum onwards
Starts from 11.25% per annum

Loan Amount

Ranges between Rs. 50,000 to Rs. 30 - 40 Lakhs
Up to 40 Lakhs

Loan Tenure

12 to 60 months
Up to 84 months

Loan Processing fees

Up to 3% of the loan amount sanctioned
Up to 2% of the loan amount + GST

EMI per Lakh

N/A
N/A

Part Payment Charges

N/A
Foreclosure / partial payment Policy : After 1 EMI / Partial payment allowed. Foreclosure zero after 12 months

Minimum Income

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

Documents

For Salaried Individuals and Self-employed Individuals, the basic docs are: 

* PAN Card/Aadhaar Card/Driving License/Voter’s ID/Passport/Photographs 

* Utility bills from the past 3 months/Ration card/Rent agreement or lease deed or property registration document

* Bank account statement for the past 3 months 

* Latest income tax returns 

* School or College Leaving Certificate/Company ID 

* Letter from employer/Form 16/payslips 

Additional docs required for Self-employed Individuals are: 

* Trade License with photograph 

* Rent receipts or lease deed

* Ownership document 

* Profit and Loss account

* Past 2 years Income tax returns

* Balance sheet

* Bank statement for the past 6 months

* Audit report

Latest 3 months pay slips

Latest 3 months Bank statements

KYC Documents ( PAN & Adhaar)

Form 16 mandatory


More comparisions with CitiBank Personal Loan

More comparisions with Axis Bank Personal Loan

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