Loan comparison of DBS Bank Personal Loan vs Axis Bank Personal Loan
Interest Rate
Starts from 10.99% per annum
Starts from 11.25% per annum
Loan Amount
Up to Rs. 15 Lakhs
Up to 40 Lakhs
Loan Tenure
Up to 12 to 60 months
Up to 84 months
Loan Processing fees
Up to 3% of the loan value + GST
Up to 2% of the loan amount + GST
EMI per Lakh
Part Payment Charges
With a maximum of two prepayments yearly, partial loan prepayment can only be made six months following the loan distribution date. The charges applicable will be as follows: 7-12 months - 4.50% 13-24 months - 4.50% 25-36 months - 2.50% >36 months - 2.00%
Foreclosure / partial payment Policy : After 1 EMI / Partial payment allowed. Foreclosure zero after 12 months
Minimum Income
Earn a minimum of Rs. 25,000 per month
The minimum net monthly income should be Rs. 15,000
Documents
Applying for a digibank Personal Loan is completely paperless. Simply provide some personal details to apply. In case need a loan that’s over the approved limit, provide bank details or statements to be uploaded. No other documents like salary slips or IT returns are required
Latest 3 months pay slips
Latest 3 months Bank statements
KYC Documents ( PAN & Adhaar)
Form 16 mandatory
