-->



Loan comparison of CitiBank Personal Loan vs ICICI Bank Personal Loan

Interest Rate

10.75% per annum onwards
Starts from 10.85% per annum

Loan Amount

Ranges between Rs. 50,000 to Rs. 30 - 40 Lakhs
Up to Rs. 1 Lakh to 1 Cr

Loan Tenure

12 to 60 months
12 / 72 months (84 months for top 6 companies)

Loan Processing fees

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

EMI per Lakh

N/A
N/A

Part Payment Charges

N/A
Prepayment charges/Foreclosure charges: a. 3% of the outstanding principal amount b. Nil after 12 EMIs c. For Business Instalment Loan (BIL) <= ₹50 lakh the foreclosure charges will be ‘Nil’ only for micro and small enterprises (subject to URC -Udyam Registration Certificate submission) and not for medium enterprises Part payment charges a. 3% + GST on the part payment amount being paid for the loan seasoning period of up to 24 months b. Nil for a loan seasoning period of above 24 months

Minimum Income

The minimum monthly income should be Rs. 25,000
Salaried individuals: Net salary: Minimum monthly income of Rs 30,000

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)


More comparisions with CitiBank Personal Loan

More comparisions with ICICI Bank Personal Loan

Downloads