-->



Loan comparison of ICICI Bank Personal Loan vs SBI Personal Loan

Interest Rate

Starts from 10.85% per annum
11% onwards per annum

Loan Amount

Up to Rs. 50 Lakhs
Up to 20 Lakhs

Loan Tenure

Up to 72 months
6 Months to 6 Years

Loan Processing fees

Up to 2% of the loan amount
Up to 1.5% of loan amount + tax

EMI per Lakh

N/A
Rs. 1832 Per Lakh

Part Payment Charges

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
Not allowed

Minimum Income

Salaried: Rs 30,000/ Self-employed: Rs 15 lakh turnover/ Non-professionals: Rs 40 lakh turnover
Minimum monthly income should be Rs. 15000 or Rs. 24,000

Documents

For salaried employees:

Identity proof: Passport, driving licence, PAN card and/or voter’s ID card

Address proof: Latest utility bill, Leave and Licence Agreement and/or passport

Last three months’ salary slips and bank statements

Two passport-size photographs.

For self-employed individuals:

KYC documents: Identity proof, residence proof and date of birth proof

Address proof: Latest utility bill, passport and Leave and Licence Agreement

Income proof (that includes audited books for the last two years)

Last six months’ bank statements

Last two years’ audited financials

Office address proof

Proof of office or residence ownership

Proof of business continuity

* Passport, PAN, Voter Identity Card, Driving License, Aadhaar Card

* Ration Card, Bank Account Statement, Electricity Bill, Telephone Bill, Sale Deed/Property purchase agreement(for owned properties)

* Bank Account Statement, Salary Slips, ITR, Form 16


More comparisions with ICICI Bank Personal Loan

More comparisions with SBI Personal Loan

Downloads