Comparing Top Two Personal Loan Lenders: PNB Personal Loan And ICICI Personal Loan

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Comparing Top Two Personal  Loan LendersPNB
Personal Loan And ICICI Personal Loan
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Comparison

• PNB Personal loan

• ICICI Bank personal loan

• PNB Personal loan could fulfill the financial
  requirements you have. It could be used for
  multiple purposes. It does not require
  collateral, needs minimal documentation, and have
  easy repayment options. 
• The loan amount is offered up to Rs 15 lakh.
• The rate of interest starts at 8.95 per annum.
• The loan tenure is up to84 months. 
• The processing fee is 1 of the loan amount. 
• The foreclosure charge is NIL. 
• The documentation charge is up to Rs 500. 

• ICICI Bank personal loan is one of the best
  choices due to its instant e-approvals, no
  collateral needed, and paperless approval
  process. 
• ICICI offers a loan amount up to Rs 20 lakhs. 
• The rate of interest ranges from 10.99 P.A and
  18.49 P.A
• The processing fee is up to 2.25 of the loan
  amount. 
• The prepayment charge is 5 per annual of the
  principal loan amount. 
• The personal loan tenure is from 1 year to 5
  years. 

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 Eligibility criteria

• The applicants minimum age limit is 21 years,
  and the maximum is 65 years. 
• The applicant should have a minimum of 2 years of
  work experience or business continuity. 
• For metro cities, the minimum salary should be at
  least Rs 15,000 per month. For Rural centers, it
  is Rs 10,000 monthly.

• The applicants age ranges from Rs 23 years and
  58 years. 
• The applicant should have a minimum of 2 years of
  work experience. 
• The net salary should be at least Rs 17,500 per
  month. For Delhi and Mumbai, it is Rs 25,000
  monthly. 
• The applicant should have been living in the
  current residence for at least 1 year. 
• The applicant should be a salaried individual or
  self-employed professional. 
• For a self employed, the minimum turnover should
  be at least Rs 40 lakhs per annum. 
• The applicant should have a minimum 1-year
  liability relationship with ICICI bank. 

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Types

• Personal loan for public
• PNB Doctors delight
• Personal loan for pensioners

• Wedding loan
• NRI personal loan
• Home renovation loan
• Holiday loan
• Top up loan
• Fresher funding 

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Documents Required

• The application form
• Passport size photograph
• Identity proof Aadhar card, PAN Card, Voter ID
  card, Driving license
• Address proof Lease agreements, electricity
  papers, telephone bill
• Education qualification proof
• Income proof
• Salary proof
• For 16
• ITRs
• Proof of continuity of business  

• Proof of Identity Aadhar card, PAN card,
  Passport, Driving license
• Proof of address Lease agreement, Utility bill,
  Telephone bill
• Bank statement for at least 3 months
• Salary slips for the last 3 months
• Passport size photographs 
• Proof of office address 

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Comparing and conclusion

• Now, PNB personal loan offers a lower interest
  rate, but ICICI has a higher loan amount. Though,
  the eligibility criteria for PNB are much more
  comfortable to qualify. It Is up to you to choose
  whichever lender you want as per your loan amount
  needed.
• Read More Top 5 lenders offering the best
  personal loan in India

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THANK YOU 
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