MyLoanCare is a FREE of cost service for borrowers

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

MyLoanCare Customer Ratings - 4.5/5.0

Compare Yes Bank vs ICICI Bank Personal Loan

Download Comparison
Bank
Interest Rate
Interest Rate
10.50% - 19.99%
10.50% - 22.00%
Processing Fees
Processing Fees
Upto 2.50%
upto 2.25% of the loan amount
Loan Amount
Loan Amount
₹ 2 Lakh to ₹ 20 Lakh
₹ 50,000 to ₹ 30 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,149
₹ 2,149
Part Payment Charges
Part Payment Charges
Allowed after 12 months at 2% charges
Not Allowed
Foreclosure Charges
Foreclosure Charges
Allowed after 12 months at Up to 4%
Allowed after 6 months at 5%
Eligible Age
Eligible Age
21 to 60 Years
23 to 58 Years
Minimum Income
Minimum Income
₹ 18,000
₹ 25,000
Current Work Experience
Current Work Experience
6 Months
12 Months
Total Work Experience
Total Work Experience
24 Months
24 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
4.5/5.0
Add Bank

Compare Personal Loan EMI of Yes Bank and ICICI Bank

Loan Amount Yes Bank ICICI Bank
₹ 1 Lakh ₹ 2,149 ₹ 2,149
₹ 5 Lakh ₹ 10,747 ₹ 10,747
₹ 10 Lakh ₹ 21,494 ₹ 21,494
₹ 12 Lakh ₹ 25,793 ₹ 25,793

Which is a better bank for Personal Loan – ICICI Bank or Yes Bank?

ICICI Bank and Yes Bank offer Personal Loan at the same rate of interest starting from 10.50%. Lowest EMI of ICICI Bank is Rs. 2149 for a maximum tenure of 60 Months. Lowest EMI of Yes Bank is Rs. 2149 for a maximum tenure of 60 Months.

How does ICICI Bank Personal Loan compare with Yes Bank Personal Loan?

It is important to make a detailed comparison of ICICI Bank and Yes Bank 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 ICICI Bank and Yes Bank Loan is 10.50%. Hence, both banks are at par in terms of interest rate on Personal Loan
  • Compared to other Personal Loan charges such as processing fees, Yes Bank charges a processing fee of Upto 2.50%, while ICICI Bank charges a processing fee of Upto upto 2.25% of the loan amount.
  • ICICI Bank offers Personal Loan upto an amount of ₹ 30 Lakh, while Yes Bank offers Loan upto an amount of ₹ 20 Lakh. Therefore, ICICI Bank 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. ICICI Bank gives the option to close the loan after 6 months at 5% and Yes Bank gives the option to close the loan after 12 months at Up to 4%. This makes ICICI Bank a better option for Personal Loan.
  • Yes Bank allows part payment on Personal Loan after 12 months at 2% charges, while ICICI Bank does not offer a part payment facility. This makes Yes Bank a better option for instant loan requirements.
  • ICICI Bank with an average customer rating of 4.5 is equally comparable to Yes Bank with an average customer rating of 4.5. Hence, the customer can expect the same kind of service levels from these banks.

Which bank offers a lower interest rate on Personal Loan – ICICI Bank or Yes Bank?

The lowest interest rate for both ICICI Bank and Yes Bank on loans currently starts from 10.50%. Hence, both banks are a good choice for potential borrowers.

Know more about Yes Bank Personal Loan

Know more about ICICI Bank Personal Loan

Compare Yes Bank Personal Loan With Other Banks

Compare ICICI Bank Personal Loan With Other Banks

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 7.15%. Cashback of up to ₹ 1,000

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000.

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.00% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 8.10%. 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
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
Loader
Please wait while your information is being processed...