Compare Corporation Bank vs Axis Finance Personal Loan
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SBI
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Corporation Bank
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Cashe
|
SBI
HDFC Bank
ICICI Bank
Bajaj Finserv
IDFC First Bank
Axis Bank
Tata Capital
Fullerton India
IndusInd Bank
Kotak Bank
RBL Bank
IIFL
HDB Financial
Syndicate Bank
Muthoot
Union Bank of India
Canara Bank
Bank of Maharashtra
Andhra Bank
Allahabad Bank
Federal Bank
PNB
Indian Overseas Bank
Indian Bank
IDBI Bank
Bank of Baroda
Standard Chartered Bank
Yes Bank
Karur Vysya Bank
Cashe
Axis Finance
|
---|---|---|
Interest Rate | Interest Rate 8.90% - 13.00% |
13.00% - 18.00% |
Processing Fees | Processing Fees 1.5%, Min Rs. 500 |
2% |
Loan Amount | Loan Amount ₹ 1 Lakh to ₹ 2.50 Lakh |
₹ 50,000 to ₹ 25 Lakh |
Loan Tenure | Loan Tenure 12 to 36 Months |
12 to 60 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 3,175 |
₹ 2,275 |
Part Payment Charges | Part Payment Charges Allowed after 0 months at Nil prepayment charges |
Allowed after 3 months at Nil Part-Payment Charges |
Foreclosure Charges | Foreclosure Charges Allowed after 0 months at Nil prepayment charges |
Allowed after 6 months at Nil Foreclosure Charges. 2% if foreclosure is done within the lock-in period |
Eligible Age | Eligible Age 21 to 58 Years |
21 to 58 Years |
Minimum Income | Minimum Income ₹ 20,000 |
₹ 25,000 |
Current Work Experience | Current Work Experience NA |
12 Months |
Total Work Experience | Total Work Experience NA |
24 Months |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) |
4.4/5.0 |
Compare Personal Loan EMI of Corporation Bank and Axis Finance
Loan Amount | Corporation Bank | Axis Finance |
---|---|---|
₹ 1 Lakh | ₹ 3,175 | ₹ 2,275 |
₹ 5 Lakh | ₹ 15,877 | ₹ 11,377 |
₹ 10 Lakh | ₹ 31,753 | ₹ 22,753 |
₹ 12 Lakh | ₹ 38,104 | ₹ 27,304 |
Which is a better bank for Personal Loan – Corporation Bank or Axis Finance?
Axis Finance offers lower Personal Loan EMI at Rs. 2275 for 60 Months compared to Corporation Bank with a minimum EMI of Rs. 3175 for 36 Months. In addition, average customer ratings for Axis Finance is currently at 4.4/5.0, making it a good choice for taking a Personal Loan.
How does Corporation Bank Personal Loan compare with Axis Finance Personal Loan?
It is important to make a detailed comparison of Corporation Bank and Axis Finance on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:
Which bank offers a lower interest rate on Personal Loan – Corporation Bank or Axis Finance?
As per the current rates, Corporation Bank offers a lower interest rate of 8.90% on loans compared to Axis Finance, which offers a Personal Loan at 13.00%.
Know more about Corporation Bank Personal Loan
Know more about Axis Finance Personal Loan
Compare Corporation Bank Personal Loan With Other Banks
Compare Axis Finance Personal Loan With Other Banks
- 2022-08-09 : HDFC hikes MCRL by upto 10 bps on all loan tenures.
With the effect of the 50bps hike by RBI in key policy rates, private sector lender HDFC increased its marginal cost of funds-based lending rates on loans across all tenures by upto 10 basis points. The one-year MCLR will now be 8.10% compared to 8.00% previously. - 2022-08-06 : SBI to offer personal loans of upto INR 35 lakhs via YONO.
With the help of Real-Time Xpress Credit (RTXC), SBI will now offer personal loans of upto INR 35 lakhs on YONO app. Customers can now apply for a personal loan on YONO app without having to fill out any documentation. - 2022-07-22 : SBI hikes lending rates, loan EMIs to rise.
Increase in SBI’s Marginal Cost Lending Rates on loans by 10 basis points. The new lending rates will come into effect from 15th July 2022. For one year tenure, MCLR increased to 7.5% from the current 7.4%, and retail loans for cars, houses, or personal loans tend to go higher, affecting monthly loan installments. - 2022-05-13 : Punjab National Bank Increases Personal Loan Rates
The bank has increased the rates by 40 basis points, and after the revision, the bank offers personal loans starting from 8.85% to 14.85%. - 2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
