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Compare Personal Loan - Yes Bank vs Indian Overseas Bank

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Interest Rate
Interest Rate
10.70% - 19.99%
11.00% - 15.00%
Processing Fees
Processing Fees
upto 3% of the loan amount
Loan Amount
Loan Amount
₹ 2 Lakh to ₹ 20 Lakh
₹ 50,000 to ₹ 15 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,159
₹ 2,174
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 1 month at Nil prepayment charges
Eligible Age
Eligible Age
21 to 60 Years
21 to 58 Years
Minimum Income
Minimum Income
₹ 18,000
₹ 20,000
Current Work Experience
Current Work Experience
6 Months
12 Months
Total Work Experience
Total Work Experience
24 Months
36 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare EMI of Yes Bank and Indian Overseas Bank Personal Loan

Loan Amount Yes Bank Indian Overseas Bank
₹ 1 Lakh ₹ 2,159 ₹ 2,174
₹ 5 Lakh ₹ 10,797 ₹ 10,871
₹ 10 Lakh ₹ 21,593 ₹ 21,742
₹ 12 Lakh ₹ 25,912 ₹ 26,091

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

Yes Bank offers lower Personal Loan EMI at 2159 on a Personal Loan for 60 Months as compared to Indian Overseas Bank with a minimum EMI of 2174 for 60 Months. Average customer ratings for Yes Bank is currently at 4.5/5.0 which makes it a good choice for taking a Personal Loan.

How does Yes Bank Personal Loan compare with Indian Overseas Bank Personal Loan?

It is important to do a detailed comparison of Yes Bank and Personal Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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 Yes Bank Personal Loan is 10.70%, which is lower than the lowest interest rate of Indian Overseas Bank at 11.00%. Hence, Yes Bank is offering a cheaper loan option.
  • When compared on other Personal Loan charges such as processing fees, Yes Bank charges a processing fees of 1499 while Indian Overseas Bank charges a processing fees of upto 3% of the loan amount.
  • Yes Bank offers Personal Loan upto an amount of ₹ 20 Lakh while Indian Overseas Bank offer Personal Loan upto an amount of ₹ 15 Lakh. Yes 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 foreclosure facility. Indian Overseas Bank gives the option to close the loan after 1 months at Nil prepayment charges and Yes Bank gives the option to close the loan after 12 months at Up to 4%. This makes Indian Overseas Bank a better option for Personal Loan.
  • Yes Bank allows part payment on Personal Loan after 12 months at 2% charges, while Indian Overseas Bank does not offer part payment facility on Personal Loan. This makes Yes Bank a better option for Personal Loan.
  • Indian Overseas Bank with an average customer ratings 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 lower interest rate on Personal Loan – Yes Bank or Indian Overseas Bank?

As per the current rates, Yes Bank offers a lower interest rate of 10.70% on Personal Loan when compared to Indian Overseas Bank which offers a Personal Loan at 11.00%.

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Know more about Yes Bank Personal Loan

Know more about Indian Overseas Bank Personal Loan

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    Ujjivan Small Finance Bank has collaborated with customer engagement platform MoEngage to provide digital banking services in remote areas of the country. The aim is to build a wide presence of the bank with customers in the unserved regions through digital services.
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