Loan comparison of DBS Bank Personal Loan vs HDFC Bank Personal Loan

DBS Bank Personal Loan

HDFC Bank Personal Loan

Interest Rate

Starts from 10.99% per annum
Starts from 10.90% per annum

Loan Amount

Up to Rs. 15 Lakhs
Up to Rs. 40 Lakh

Loan Tenure

Up to 12 to 60 months
Up to 5/6 years

Loan Processing fees

Up to 3% of the loan value + GST
Up to Rs. 6,500 + GST

EMI per Lakh

N/A
N/A

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%
Premature Closure Charges (For Full & Part Payment): Up to 24 EMI- 4% of principal outstanding, Post 24-36 EMI - 3% of principal outstanding, >36 EMI - 2% of principal outstanding Prepayment charge would be applicable on the principal outstanding amount, Part prepayment would be allowed post servicing of 1st EMI, up to 25% of Principal Outstanding. It is allowed only once in the financial year and twice during the entire loan tenure. Charges would be applicable as above on the part pre-payment amount.

Minimum Income

Earn a minimum of Rs. 25,000 per month
Minimum Rs. 25,000 per month

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 6 months Bank statements in PDF format

KYC Documents ( PAN & Adhaar)

Employee ID card, Form 16, Previous emp proof if any

Employment less than 1 Yr qualification proof required

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