Loan comparison of HDFC Bank Personal Loan vs CitiBank Personal Loan

Interest Rate

10.50% - 21.00% per annum
10.75% per annum onwards

Loan Amount

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

Loan Tenure

12 to 60 months
12 to 60 months

Loan Processing fees

Up to Rs. 4999
Up to 3% of the loan amount sanctioned

EMI per Lakh

Rs. 1878 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

Minimum Income

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


* 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

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

More comparisions with HDFC Bank Personal Loan

More comparisions with CitiBank Personal Loan