Loan comparison of Creditvidya (Prefr) Personal Loan vs Axis Bank Personal Loan
Interest Rate
Starts from 18% per annum
Starts from 11.25% per annum
Loan Amount
Up to Rs. 3 Lakhs
Up to 40 Lakhs
Loan Tenure
Up to 6 to 36 months
Up to 84 months
Loan Processing fees
Up to 3% to 5%
Up to 2% of the loan amount + GST
EMI per Lakh
Part Payment Charges
Prepayment/Foreclosure charges: 5% of POS + GST (or) If loan is closed within 6 months from the date of disbursement, then interest on loan amount for 6 months plus foreclosure charges will be applicable
Foreclosure / partial payment Policy : After 1 EMI / Partial payment allowed. Foreclosure zero after 12 months
Minimum Income
Apply with Rs. 18,000 Salary
The minimum net monthly income should be Rs. 15,000
Documents
Photo check: Selfie Identity check: PAN
KYC check: Aadhaar
Income check: Bank Statement
Latest 3 months pay slips
Latest 3 months Bank statements
KYC Documents ( PAN & Adhaar)
Form 16 mandatory
