MyLoanCare is a FREE of cost service for borrowers

Get Voucher of Upto ₹1,000* on Business Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0

Compare IndusInd Bank vs ICICI Bank Business Loan

Download Comparison
Interest Rate
Interest Rate
13.00% - 29.00%
16.50% - 20.00%
Processing Fees
Processing Fees
Starting from 0.99%, Up to 2%
Loan Amount
Loan Amount
₹ 50,000 to ₹ 15 Lakh
₹ 1 Lakh to ₹ 40 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 36 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,275
₹ 3,540
Part Payment Charges
Part Payment Charges
Not Allowed
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 12 months at 4%
Allowed after 6 months at 5%
Eligible Age
Eligible Age
25 to 65 Years
25 to 65 Years
Minimum Years in Business Required
Minimum Years in Business Required
24 Months
36 Months
Minimum Turnover Required
Minimum Turnover Required
₹ 0
₹ 60 Lakh
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
Add Bank

Compare Business Loan EMI of IndusInd Bank and ICICI Bank

Loan Amount IndusInd Bank ICICI Bank
₹ 1 Lakh ₹ 2,275 ₹ 3,540
₹ 5 Lakh ₹ 11,377 ₹ 17,702
₹ 10 Lakh ₹ 22,753 ₹ 35,404
₹ 15 Lakh ₹ 34,130 ₹ 53,107

Which is a better bank for Business Loan – IndusInd Bank or ICICI Bank?

IndusInd Bank offers lower Business Loan EMI at Rs. 2275 for 60 Months compared to ICICI Bank with a minimum EMI of Rs. 3540 for 36 Months. In addition, average customer ratings for IndusInd Bank is currently at /5.0, making it a good choice for taking a Business Loan.

How does IndusInd Bank Business Loan compare with ICICI Bank Business Loan?

A detailed comparison of IndusInd Bank and ICICI Bank Business Loan on various terms and conditions highlight key differences in their offerings and allows the customer to take an choose the best bank for Business Loan. Results of a comparative analysis between both banks highlight that:

  • Lowest Interest rate of IndusInd Bank Loan is 13.00%, which is lower than the lowest interest rate of ICICI Bank at 16.50%. Hence, IndusInd Bank is offering a cheaper loan option.
  • Compared to other Business Loan charges such as processing fees, IndusInd Bank charges a processing fee of 2.50%, while ICICI Bank charges a processing fee of Upto Starting from 0.99%, Up to 2%.
  • ICICI Bank offers Business Loan upto an amount of ₹ 40 Lakh, while IndusInd Bank offers Loan upto an amount of ₹ 15 Lakh. Therefore, ICICI Bank can be a better option if you are looking for a high value amount.
  • One feature that makes Business Loan a better option is the foreclosure facility. ICICI Bank gives the option to close the loan after 6 months at 5% and IndusInd Bank gives the option to close the loan after 12 months at 4%. This makes ICICI Bank a better option for Business Loan.
  • IndusInd Bank gives business loan at a minimum turnover of ₹ 0 . However, the turnover requirement for a business loan from ICICI Bank is ₹ 60 Lakh. Hence, small businesses may find is easier to get a loan from IndusInd Bank.
  • IndusInd Bank can be a better option if you are looking for fund requirements after 24 months. ICICI Bank offers a business loan once if business is 36 months old. Hence, IndusInd Bank should be a preferred choice for relatively new enterprises.
  • ICICI Bank has an average customer rating of 3.5. In contrast, has an average customer rating of , based on which it is clear that ICICI Bank has a high customer service focus, an easy process and a quick turnaround.

Which bank offers a lower interest rate on Business Loan – IndusInd Bank or ICICI Bank?

As per the current rates, IndusInd Bank offers a lower interest rate of 13.00% on loans compared to ICICI Bank, which offers a Business Loan at 16.50%.

Know all about Business Loan

Know more about IndusInd Bank Business Loan

Know more about ICICI Bank Business Loan

Compare IndusInd Bank Business Loan With Other Banks

Compare ICICI Bank Business Loan With Other Banks

Know About MSMEs and Mudra Loan

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 8.00%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.49% with Cashback of up to ₹ 1,000.

    Check Offers
  • Loan Against Property

    Best Loan Against Property Offers starting @ 9.20%. 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 7.05%.

    Invest Now
Business Loan News - Dec 2022
  • 2022-11-02 : Karnataka Bank Registers Net Profit in the Q2 of 2022-23
    The bank has registered a net profit of ₹411.63 crores in the Q2 of 2022-23. In the corresponding quarter, it saw ₹125.61 crores, thus registering a growth of 227.70 percent.
  • 2022-10-18 : SBI Credit Card Holders ALERT! State Bank hikes charges on EMI transactions, Rent Payments
    In a move that may further make credit card usage costlier, the State Bank of India has revised certain charges for its credit card users. The new charges will come into effect from November 15. The processing fee on merchant EMI transactions has been revised to Rs 199 + applicable taxes from earlier Rs 99 + applicable taxes. Processing fee on rent payment transactions will be Rs 99 + applicable taxes," said the bank.
  • 2022-10-18 : SBI launches its digital banking unit in Goa
    As part of the Union government’s initiative, a digital banking unit (DBU) of the State Bank of India (SBI) was inaugurated in Goa. The initiative aims to ensure that the benefits of digital banking reach every nook and corner of the country. The DBUs will offer banking products and services to the customers 24x7.
  • 2022-09-09 : HDFC Bank to introduce 10-second personal loan service
    India’s largest private sector lender HDFC Bank is aiming at introducing the 10-seconds loan service for everyone including those who do not have an account with the bank. The bank has been a paradigm pioneer in 10-second loans for existing customers and has been able to deliver this over the past six years.
  • 2022-08-18 : HDFC bank opens its first all women branch in Kerela`s kozhikode.
    HDFC has opened its first all-women branch in Kozhikode. The branch, located in Cherootty Road, the hub of traders in the district, will have 4 women bankers. HDFC Bank is driving diversity and inclusion within the organization with a special focus on enhancing gender diversity.
*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
Please wait while your information is being processed...