Loan comparison of Axis Bank Personal Loan vs Standard Chartered Personal Loan
Interest Rate
Starts from 11% per annum
11.49% onwards per annum
Loan Amount
Up to Rs. 40 Lakhs
Up to Rs. 50 Lakh
Loan Tenure
Up to 84 months
1 Year to 5 Years
Loan Processing fees
Up to 2% of the loan amount + GST
Up to 1%-2.25%
EMI per Lakh
Part Payment Charges
* 2% to 3% * Pre-payment charges shall be charged on principal outstanding * Part payment charges shall be charged on the amount of part payment * No pre-payment charges will be applicable post 12 EMIs for loan amount greater or equal to 10 Lakhs if the same is foreclosed from the customer's own funds
Up to a maximum of 25% of the outstanding balance of the loan in a year
Minimum Income
The minimum net monthly income should be Rs. 15,000
The net monthly salary must exceed Rs. 22,000
Documents
Last 3 months bank statement
3 latest Salary Slips with the latest Form 16
KYC Documents such as any one from the following list: Passport, Driving License, PAN Card, Aadhaar Card with date of birth, Voters Id
* Passport, Voter Identity Card, Driving License, Aadhaar Card
* Ration Card, Electricity Bill, Telephone Bill, Life/Medical Insurance Policy, Rental Agreement, Apartment Allotment Letter
