Compare Personal Loan - Corporation Bank vs Axis Finance

Download Comparison

Bank	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 Andhra Bank Karur Vysya Bank Muthoot Yes Bank Standard Chartered Bank Union Bank of India Canara Bank Bank of Maharashtra Corporation Bank Allahabad Bank Federal Bank Syndicate Bank Bank of Baroda PNB Indian Overseas Bank Indian Bank IDBI Bank	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 Axis Finance
Parameters
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 0 Months	12 Months
Total Work Experience	Total Work Experience 0 Months	24 Months
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews)	4.4/5.0

Add Bank

Compare EMI of Corporation Bank and Axis Finance Personal Loan

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 2275 on a Personal Loan for 60 Months as compared to Corporation Bank with a minimum EMI of 3175 for 36 Months. Average customer ratings for Axis Finance is currently at 4.4/5.0 which makes 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 do a detailed comparison of Corporation Bank and Personal Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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:

Lowest Interest rate of Corporation Bank Personal Loan is 8.90%, which is lower than the lowest interest rate of Axis Finance at 13.00%. Hence, Corporation Bank is offering a cheaper loan option.
When compared on other Personal Loan charges such as processing fees, Corporation Bank charges a processing fees of 1.5%, Min Rs. 500 while Axis Finance charges a processing fees of 2%.
Axis Finance offers Personal Loan upto an amount of ₹ 25 Lakh while Corporation Bank offer Personal Loan upto an amount of ₹ 2.50 Lakh. Axis Finance can be a better option if you are looking for a high value amount.
One feature that makes Personal Loan a better option is foreclosure facility. Corporation Bank gives the option to close the loan after Zero months at Nil prepayment charges and Axis Finance gives the option to close the loan after 6 months at Nil Foreclosure Charges. 2% if foreclosure is done within the lock-in period. This makes Corporation Bank a better option for Personal Loan.
Axis Finance and Corporation Bank allow part payment on Personal Loan after 3 months at Nil charges. Axis Finance applies a charge of Nil charges and Corporation Bank charges Nil charges on Personal Loan.
Axis Finance has an average customer ratings of 4.4, while has an average customer rating of , based on which it is clear that Axis Finance has a high customer service focus, an easy Personal Loan process and a quick turnaround.

Which bank offers 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 Personal Loan when compared to Axis Finance which offers a Personal Loan at 13.00%.

Know all about Personal Loan

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

Notification ×

Home Loan
Home Loan at all-time low rates starting at 6.65%. Cashback of up to ₹ 1,000.
Apply Now
Personal Loan
Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .
Check Offers
Gold Loan
Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500
Apply Now
Loan Against Property
Best Loan Against Property Offers starting @ 7.20%. Cashback of up to ₹ 1,000*.
Apply Now
Business Loan
Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.
Apply Now
Fixed Deposit
AAA rated FDs with returns as high as 6.95%.
Invest Now

Personal Loan News - Jul 2021

2021-07-16 : Amalgamation of Bank of Baroda, erstwhile Vijaya Bank and erstwhile Dena Bank
Bank of Baroda, on its website, stated that the IFSC codes of the erstwhile Vijaya Bank and Dena Bank were discontinued on March 1, 2021. Customers have been asked to apply for cheque books with the new MICR code at the earliest.
2021-07-16 : UBI update on change in IFSC code for merged banks - Andhra Bank and Corporation Bank
Union Bank of India (UBI) on Friday said the IFSC codes of the erstwhile e-Andhra Bank and e-Corporation Bank branches will change with effect from July 1, 2021. Customers of the erstwhile banks will have to get new cheque books with changed IFSC and MICR codes
2021-07-16 : Bandhan Bank total loans rise 8% to ₹80,128 crore in Q1, deposits up 28%
Bandhan Bank witnessed an 8% rise in its loans and advances to ₹80,128 crores in the June quarter this fiscal. The loans and advances during the same period of 2020 stood at ₹74,331 crore. Compared sequentially, it was down by 8% from ₹87,043 crores in the March quarter. Total deposits grew by 28% year-on-year to ₹77,336 crores, while the CASA (current account and savings account) deposits jumped by 48% to ₹33,197 crores in the first quarter of 2021-22.
2021-07-15 : Indian Bank merger with Allahabad Bank - Change in IFSC
The Indian Bank, which has merged with the Allahabad Bank, carried out a software migration over the weekend. As the merger got completed, new rules had been issued by the bank with regard to its services. Existing customers were asked on July 1 to get a new IFSC code to carry out online transactions smoothly.
2021-07-15 : OBC & UBI merged with PNB
After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.

*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More

Apply Personal Loan Online @ 10.25% ☺

Please wait while your information is being processed...