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Loan comparison of SBI Personal Loan vs CitiBank Personal Loan

Interest Rate

9.60% onwards per annum
9.99%-16.49% per annum

Loan Amount

Up to 20 Lakhs
Up to Rs. 30 Lakhs

Loan Tenure

6 Months to 6 Years
1 Year to 5 Years

Loan Processing fees

Up to 1%
Up to 3% of the loan amount sanctioned

EMI per Lakh

Rs. 1832 Per Lakh
N/A

Part Payment Charges

Not allowed
N/A

Minimum Income

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

Documents

* 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

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