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

Interest Rate

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

Loan Amount

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

Loan Tenure

12 to 60 months
Up to 60 months

Loan Processing fees

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

EMI per Lakh

Rs. 1878 Per Lakh
Rs. 1074 Per Lakh

Part Payment Charges

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
* 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

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


* 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

* 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 HDFC Bank Personal Loan

More comparisions with Axis Bank Personal Loan