Let us compare the features of business loans from IndusInd Bank and YES Bank so that you can decide which is the right choice for you. 

 

IndusInd Bank Business Loan

YES Bank Business Loan

Age Eligibility

25 to 70 years

25 to 65 years

Loan Amount

Rs. 10 lakhs – Rs. 50 lakhs

Rs. 5 lakhs to Rs. 50 lakhs

Interest Rates

Fixed Interest Rate at 13% – 28%

Starting at 16.25%

Loan Tenure

12 to 60 Months

12 to 36 Months

Lowest EMI Per Lakh

Rs. 2,327

Rs. 3,528

Part Payment Charges

Not Allowed

Allowed after 12 months at 2% charges

Foreclosure Charges

Allowed after 12 months at 4%

Allowed after 12 months at Up to 4%

Minimum No. of Years in Business 

24 Months

36 Months

EMI Comparison of Business Loan from IndusInd Bank and YES Bank

Loan Amount

IndusInd Bank

YES Bank

Rs. 1 Lakh

Rs. 2,327

Rs. 3,528

Rs. 5 Lakh

Rs. 11,634

Rs. 17,640

Rs. 10 Lakh

Rs. 23,268

Rs. 35,281

Rs. 15 Lakh

Rs. 34,902

Rs. 52,921

Key Points: 

As per recent data, IndusInd Bank offers a lower rate of interest at 14% compared to YES Bank which is at 16.25%. 

However, the processing fee is a bit lower at YES Bank at 2% while IndusInd Bank charges 2.5%.

Since YES Bank gives you a higher loan amount, it is feasible for business owners looking for a higher loan amount. 

Also, the foreclosure facility with IndusInd Bank makes it a better option.