Loan comparison of CitiBank Personal Loan vs Standard Chartered Personal Loan

Interest Rate

10.75% per annum onwards
11.49% onwards per annum

Loan Amount

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

Loan Tenure

12 to 60 months
1 Year to 5 Years

Loan Processing fees

Up to 3% of the loan amount sanctioned
Up to 1%-2.25%

EMI per Lakh


Part Payment Charges

Up to a maximum of 25% of the outstanding balance of the loan in a year

Minimum Income

The minimum monthly income should be Rs. 25,000
The net monthly salary must exceed Rs. 22,000


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

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

* Ration Card, Electricity Bill, Telephone Bill, Life/Medical Insurance Policy, Rental Agreement, Apartment Allotment Letter

More comparisions with CitiBank Personal Loan

More comparisions with Standard Chartered Personal Loan