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Compare PNB vs Axis Finance Personal Loan

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Bank
Interest Rate
Interest Rate
8.80% - 13.30%
13.00% - 18.00%
Processing Fees
Processing Fees
1.8% + Taxes
2%
Loan Amount
Loan Amount
₹ 50,000 to ₹ 15 Lakh
₹ 50,000 to ₹ 25 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,066
₹ 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
₹ 30,000
₹ 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
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Compare Personal Loan EMI of PNB and Axis Finance

Loan Amount PNB Axis Finance
₹ 1 Lakh ₹ 2,066 ₹ 2,275
₹ 5 Lakh ₹ 10,331 ₹ 11,377
₹ 10 Lakh ₹ 20,661 ₹ 22,753
₹ 12 Lakh ₹ 24,794 ₹ 27,304

Which is a better bank for Personal Loan – PNB or Axis Finance?

PNB offers lower Personal Loan EMI at Rs. 2066 for 60 Months compared to Axis Finance with a minimum EMI of Rs. 2275 for 60 Months. In addition, average customer ratings for PNB is currently at /5.0, making it a good choice for taking a Personal Loan.

How does PNB Personal Loan compare with Axis Finance Personal Loan?

It is important to make a detailed comparison of PNB 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:

  • Lowest Interest rate of PNB Loan is 8.80%, which is lower than the lowest interest rate of Axis Finance at 13.00%. Hence, PNB is offering a cheaper loan option.
  • Compared to other Personal Loan charges such as processing fees, PNB charges a processing fee of 1.8% + Taxes, while Axis Finance charges a processing fee of Upto 2%.
  • Axis Finance offers Personal Loan upto an amount of ₹ 25 Lakh, while PNB offers Loan upto an amount of ₹ 15 Lakh. Therefore, 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 the foreclosure facility. PNB 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 PNB a better option for Personal Loan.
  • Axis Finance and PNB allow part payment on Personal Loan after 3 months at Nil charges. Axis Finance applies a charge of Nil charges and PNB charges Nil charges on Personal Loan.
  • Axis Finance has an average customer rating of 4.4. In contrast, has an average customer rating of , based on which it is clear that Axis Finance has a high customer service focus, an easy process and a quick turnaround.

Which bank offers a lower interest rate on Personal Loan – PNB or Axis Finance?

As per the current rates, PNB offers a lower interest rate of 8.80% on loans compared to Axis Finance, which offers a Personal Loan at 13.00%.

Know more about PNB Personal Loan

Know more about Axis Finance Personal Loan

Compare PNB Personal Loan With Other Banks

Compare Axis Finance Personal Loan With Other Banks

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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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