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Compare SBI vs HDB Financial Personal Loan

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Interest Rate
Interest Rate
9.60% - 12.80%
30.00% - 36.00%
Processing Fees
Processing Fees
Upto 3% of Loan Amount
Loan Amount
Loan Amount
₹ 50,000 to ₹ 15 Lakh
₹ 1 Lakh to ₹ 20 Lakh
Loan Tenure
Loan Tenure
6 to 72 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,832
₹ 3,235
Part Payment Charges
Part Payment Charges
Not Allowed
Allowed after 6 months at Nil Partpayment charges
Foreclosure Charges
Foreclosure Charges
Allowed after 6 months at 3%
Allowed after 6 months at Nil foreclosure charges
Eligible Age
Eligible Age
21 to 58 Years
22 to 60 Years
Minimum Income
Minimum Income
₹ 24,000
₹ 20,000
Current Work Experience
Current Work Experience
12 Months
6 Months
Total Work Experience
Total Work Experience
24 Months
6 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Personal Loan EMI of SBI and HDB Financial

Loan Amount SBI HDB Financial
₹ 1 Lakh ₹ 1,832 ₹ 3,235
₹ 5 Lakh ₹ 9,162 ₹ 16,177
₹ 10 Lakh ₹ 18,325 ₹ 32,353
₹ 12 Lakh ₹ 21,990 ₹ 38,824

Which is a better bank for Personal Loan – SBI or HDB Financial?

SBI offers lower Personal Loan EMI at Rs. 1832 for 72 Months compared to HDB Financial with a minimum EMI of Rs. 3235 for 60 Months. In addition, average customer ratings for SBI is currently at 3.6/5.0, making it a good choice for taking a Personal Loan.

How does SBI Personal Loan compare with HDB Financial Personal Loan?

It is important to make a detailed comparison of SBI and HDB Financial 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 SBI Loan is 9.60%, which is lower than the lowest interest rate of HDB Financial at 30.00%. Hence, SBI is offering a cheaper loan option.
  • Compared to other Personal Loan charges such as processing fees, SBI charges a processing fee of Nil, while HDB Financial charges a processing fee of Upto Upto 3% of Loan Amount.
  • HDB Financial offers Personal Loan upto an amount of ₹ 20 Lakh, while SBI offers Loan upto an amount of ₹ 15 Lakh. Therefore, HDB Financial 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. HDB Financial and SBI gives the option to close the loan after 6 months at Nil foreclosure charges and 3%. This makes HDB Financial a better option for Personal Loan.
  • HDB Financial allows part payment on Personal Loan after 6 months at Nil charges, while SBI does not offer a part payment facility. This makes HDB Financial a better option for instant loan requirements.
  • HDB Financial has an average customer rating of 4.3. In contrast, SBI has an average customer rating of 3.6, based on which it is clear that HDB Financial has a high customer service focus, an easy process and a quick turnaround.

Which bank offers a lower interest rate on Personal Loan – SBI or HDB Financial?

As per the current rates, SBI offers a lower interest rate of 9.60% on loans compared to HDB Financial, which offers a Personal Loan at 30.00%.

Know more about SBI Personal Loan

Know more about HDB Financial Personal Loan

Compare SBI Personal Loan With Other Banks

Compare HDB Financial 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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