Loan comparison of Standard Chartered Personal Loan vs HDFC Bank Personal Loan

Standard Chartered Personal Loan

HDFC Bank Personal Loan

Interest Rate

11.49% onwards per annum
Starts from 10.85% per annum

Loan Amount

Up to Rs. 50 Lakh
Up to Rs. 40 Lakhs

Loan Tenure

1 Year to 5 Years
Up to 5 years

Loan Processing fees

Up to 1%-2.25%
Up to Rs. 6,500 + GST

EMI per Lakh

N/A
N/A

Part Payment Charges

Up to a maximum of 25% of the outstanding balance of the loan in a year
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

The net monthly salary must exceed Rs. 22,000
Minimum Rs. 25,000 net income per month

Documents

* Passport, Voter Identity Card, Driving License, Aadhaar Card

* Ration Card, Electricity Bill, Telephone Bill, Life/Medical Insurance Policy, Rental Agreement, Apartment Allotment Letter

* Identity proof / address proof (copy of passport/voter ID card/driving license/Aadhaar Card)

* Bank statement of previous 3 months (Passbook of previous 6 months)

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

More comparisions with Standard Chartered Personal Loan

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

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
About Us
Downloads