Compare Fullerton India vs Axis Bank Personal Loan

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Bank	SBI HDFC Bank ICICI Bank Bajaj Finserv IDFC First Bank Tata Capital Fullerton India IndusInd Bank Kotak Bank RBL Bank IIFL HDB Financial Muthoot Union Bank of India Canara Bank Bank of Maharashtra Syndicate Bank Andhra Bank Allahabad Bank Federal Bank PNB Indian Overseas Bank Indian Bank IDBI Bank Corporation Bank Bank of Baroda Standard Chartered Bank Yes Bank Karur Vysya Bank Cashe Axis Finance	SBI HDFC Bank ICICI Bank Bajaj Finserv IDFC First Bank Axis Bank Tata Capital IndusInd Bank Kotak Bank RBL Bank IIFL HDB Financial Corporation Bank Karur Vysya Bank Muthoot Yes Bank Union Bank of India Canara Bank Bank of Maharashtra Andhra Bank Allahabad Bank Federal Bank Standard Chartered Bank Syndicate Bank PNB Indian Overseas Bank Indian Bank IDBI Bank Bank of Baroda Cashe Axis Finance
Interest Rate	Interest Rate 11.99% - 18.99%	10.75% - 17.25%
Processing Fees	Processing Fees 2%	Rs.4,999
Loan Amount	Loan Amount ₹ 50,000 to ₹ 25 Lakh	₹ 50,000 to ₹ 25 Lakh
Loan Tenure	Loan Tenure 12 to 48 Months	12 to 60 Months
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 2,633	₹ 2,162
Part Payment Charges	Part Payment Charges Not Allowed	Allowed after 1 month at 1-12 EMI-5%, 13-24 EMI-4%, 25-36 EMI-3% & Above 36 EMI-2%
Foreclosure Charges	Foreclosure Charges Allowed after 6 months at 1 -17 months: 7%, 18 - 23 months: 5%, 24 - 35 months: 3%, After 36 months: Nil	Allowed after 1 month at For Loan Amt Approved of 10 Lacs and above-- 0% FC charges after 12 EMIs if closure through OWN FUNDS,1-12 EMI-5%, 13-24 EMI-4%, 25-36 EMI-3% & Above 36 EMI-2%
Eligible Age	Eligible Age 21 to 58 Years	21 to 60 Years
Minimum Income	Minimum Income ₹ 17,000	₹ 25,000
Current Work Experience	Current Work Experience 1 Month	1 Month
Total Work Experience	Total Work Experience 12 Months	12 Months
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews) 4.1/5.0	4.5/5.0

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Compare Personal Loan EMI of Fullerton India and Axis Bank

Loan Amount	Fullerton India	Axis Bank
₹ 1 Lakh	₹ 2,633	₹ 2,162
₹ 5 Lakh	₹ 13,164	₹ 10,809
₹ 10 Lakh	₹ 26,329	₹ 21,618
₹ 12 Lakh	₹ 31,595	₹ 25,942

Which is a better bank for Personal Loan – Axis Bank or Fullerton India?

Axis Bank offers lower Personal Loan EMI at Rs. 2162 for 60 Months compared to Fullerton India with a minimum EMI of Rs. 2633 for 48 Months. In addition, average customer ratings for Axis Bank is currently at 4.5/5.0, making it a good choice for taking a Personal Loan.

How does Axis Bank Personal Loan compare with Fullerton India Personal Loan?

It is important to make a detailed comparison of Axis Bank and Fullerton India 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:

Lowest Interest rate of Axis Bank Loan is 10.75%, which is lower than the lowest interest rate of Fullerton India at 11.99%. Hence, Axis Bank is offering a cheaper loan option.
Compared to other Personal Loan charges such as processing fees, Fullerton India charges a processing fee of 2%, while Axis Bank charges a processing fee of Upto Rs.4,999.
One feature that makes Personal Loan a better option is the foreclosure facility. Axis Bank gives the option to close the loan after 1 months at For Loan Amt Approved of 10 Lacs and above-- 0% FC charges after 12 EMIs if closure through OWN FUNDS,1-12 EMI-5%, 13-24 EMI-4%, 25-36 EMI-3% & Above 36 EMI-2% and Fullerton India gives the option to close the loan after 6 months at 1 -17 months: 7%, 18 - 23 months: 5%, 24 - 35 months: 3%, After 36 months: Nil. This makes Axis Bank a better option for Personal Loan.
Axis Bank allows part payment on Personal Loan after 1 months at 1-12 EMI-5%, 13-24 EMI-4%, 25-36 EMI-3% & Above 36 EMI-2%, while Fullerton India does not offer a part payment facility. This makes Axis Bank a better option for instant loan requirements.
Axis Bank has an average customer rating of 4.5. In contrast, Fullerton India has an average customer rating of 4.1, based on which it is clear that Axis Bank has a high customer service focus, an easy process and a quick turnaround.

Which bank offers a lower interest rate on Personal Loan – Axis Bank or Fullerton India?

As per the current rates, Axis Bank offers a lower interest rate of 10.75% on loans compared to Fullerton India, which offers a Personal Loan at 11.99%.

Know more about Fullerton India Personal Loan

Know more about Axis Bank Personal Loan

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Personal Loan News - Jun 2022

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.
2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.
2022-05-12 : Indian Bank Revises Personal Loan Rates
Indian Bank has increased the rates on personal loans, and as a result, the bank offers the lowest rates starting at 8.90% to upto 9.40%.
2022-05-10 : Canara Bank Hikes Personal Loan Interest Rates
The bank has increased the lowest personal loan rates from 12.40% to 12.80%.

*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

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