Loan comparison of SBI Personal Loan vs CitiBank Personal Loan

Interest Rate

11% onwards per annum
10.75% per annum onwards

Loan Amount

Up to 20 Lakhs
Ranges between Rs. 50,000 to Rs. 30 - 40 Lakhs

Loan Tenure

6 Months to 6 Years
12 to 60 months

Loan Processing fees

Up to 1.5% of loan amount + tax
Up to 3% of the loan amount sanctioned

EMI per Lakh

Rs. 1832 Per Lakh

Part Payment Charges

Not allowed

Minimum Income

Minimum monthly income should be Rs. 15000 or Rs. 24,000
The minimum monthly income should be Rs. 25,000


* 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

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

More comparisions with SBI Personal Loan

More comparisions with CitiBank Personal Loan