Loan comparison of CitiBank Personal Loan vs Axis Bank Personal Loan

Interest Rate

10.75% per annum onwards
10.49% onwards per annum

Loan Amount

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

Loan Tenure

12 to 60 months
Up to 60 months

Loan Processing fees

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

EMI per Lakh

Rs. 1074 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

Minimum Income

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


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

* 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

More comparisions with CitiBank Personal Loan

More comparisions with Axis Bank Personal Loan