Loan comparison of HDFC Bank Personal Loan vs SBI Personal Loan

HDFC Bank Personal Loan

SBI Personal Loan

Interest Rate

10.50% - 21.00% per annum
11% onwards per annum

Loan Amount

Up to Rs. 40 Lakh
Up to 20 Lakhs

Loan Tenure

12 to 60 months
6 Months to 6 Years

Loan Processing fees

Up to Rs. 4999
Up to 1.5% of loan amount + tax

EMI per Lakh

Rs. 1878 Per Lakh
Rs. 1832 Per Lakh

Part Payment Charges

For salaried individuals there's no pre-payment in Part or Full permitted until repayment of 12 EMIs. Part-payment is allowed up to 25% of Principal Outstanding, and can be done only once in the financial year and twice during the loan tenure. Following are Part-payment Charges (on part-payment amount): Salaried- 13-24 months - 4% of principal outstanding 25-36 months - 3% of principal outstanding >36 months - 2% of principal outstanding
Not allowed

Minimum Income

Minimum Rs. 25,000 net income per month
Minimum monthly income should be Rs. 15000 or Rs. 24,000

Documents

* Identity proof such as a copy of passport/voter ID card/driving license/Aadhaar

* Address proof such as a copy of passport/voter ID card/driving license/Aadhaar

* Bank statement of previous 3 months and passbook of previous 6 months

* Two latest salary slip/current dated salary certificate with the latest Form 16

* 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 HDFC Bank Personal Loan

HDFC Bank Personal Loan vs SBI Personal Loan
HDFC Bank Personal Loan vs Standard Chartered Personal Loan
HDFC Bank Personal Loan vs CitiBank Personal Loan
HDFC Bank Personal Loan vs Axis Bank Personal Loan

More comparisions with SBI Personal Loan

SBI Personal Loan vs Standard Chartered Personal Loan
SBI Personal Loan vs CitiBank Personal Loan
SBI Personal Loan vs Axis Bank Personal Loan
SBI Personal Loan vs HDFC Bank Personal Loan
About Us
Downloads