Updated September 28, 2026 · SumCue Editorial Team
CIMB Bank vs ICICI Bank
CIMB Bank
ICICI Bank
Higher score in this comparison
What sets them apart
| Compare | CIMB BankReviewVisitVisit | ICICI BankReviewVisitVisit |
|---|---|---|
| APR | 15% | 9.99% to 16.5%Lower |
| Loan amount | MYR 2,000 to MYR 100,000 | ₹50,000 to ₹5,000,000 |
| Term | 24 to 84 monthsHigher | 12 to 72 months |
| Arrangement fee | RM0 (no processing fee) | Up to 2% of loan amount plus taxes (Personal Loan processing charge) |
| Funding time | Instant disbursement; approved and disbursed in 10 minutes | Instant disbursement |
| Free early repayment | YesHas it | No |
| Eligibility | Malaysian citizen, aged 21 to 58 (max 60 at loan maturity), minimum monthly gross income RM2,000, employed over 6 consecutive months | Indian citizens aged 18-58 years; salaried minimum monthly income 30,000 rupees |
| Origination fee (%) | 0.5%Lower | 2% |
| Loan types | Personal | Personal, Debt consolidationCovers more |
| Credit check | Not confirmed | Hard |
| Representative example | Cash Plus Personal Loan: fixed 4.38% p.a. equivalent to effective interest rate 8.08% p.a. on 5-year tenure | Not confirmed |
| Credit needed | Not confirmed | Good |
| Use cases | Not confirmed | Home improvement |
Same on both: Rate type (Variable), Lender type (Direct lender).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- ICICI Bank scores higher overall: 8.9 vs 8.8.
- APR is lower at ICICI Bank: 9.99% to 16.5% vs 15%.
- Free early repayment: only CIMB Bank.
- Origination fee (%) is lower at CIMB Bank: 0.5% vs 2%.
- Term is higher at CIMB Bank: 24 to 84 months vs 12 to 72 months.
- Support channels: only ICICI Bank offers Phone, Chat.
- Pricing model: only CIMB Bank offers No annual fee.
- Pricing model: only ICICI Bank offers Fixed rate.
- Loan types: only ICICI Bank offers Debt consolidation.
Our verdict on each
CIMB Bank
CIMB Bank suits Malaysian savers and borrowers who want plain costs and fast access to money. Its easy-access Basic Savings Account pays 0.25% on variable terms with no annual fee, and its Cash Plus personal loan carries an arrangement fee of RM0 (no processing fee).
ICICI Bank
ICICI Bank is a full-service Indian bank covering saving, spending and borrowing, so it suits customers who want one provider. The savings account pays 2.5% on a variable rate, with easy access to cash, bill payments and transfers by UPI, IMPS, NEFT and RTGS, and personal loans disburse instantly.
Score breakdown
| Area | CIMB Bank | ICICI Bank |
|---|---|---|
| Cost | 9.2Higher | 8.6Card costs weigh heavy: an annual fee of INR 3,500 on the Sapphiro card, and personal loan rates of 9.99% to 16.5%. |
| Offer | 8.2 | 9.4Higher |
| Trust | Not confirmed | 9.0 |
Ranges side by side
| Fact | CIMB Bank | ICICI Bank |
|---|---|---|
| Term | 24 to 84 months | 12 to 72 months |
Which one suits you
Pick CIMB Bank if term, free early repayment, and origination fee (%) matter most.
Pick ICICI Bank if apr and loan types matter most.
Availability and regulation
| Country | CIMB Bank | ICICI Bank |
|---|---|---|
| India | Not confirmed |
How they place
| Ranking | CIMB Bank | ICICI Bank |
|---|---|---|
| Savings | 36 of 1492 | 32 of 1492 |
| Savings accounts | 24 of 658 | 21 of 658 |
| Loans | 127 of 2043 | 124 of 2043 |
| Personal loans | 106 of 1317 | 104 of 1317 |
| Mortgages | 14 of 853 | 13 of 853 |
| Credit and debit cards | 46 of 1594 | 43 of 1594 |
| Credit cards | 16 of 421 | 15 of 421 |
Every fact side by side
| Fact | CIMB Bank | ICICI Bank |
|---|---|---|
| Pricing model | No annual fee | Fixed rate |
| Features | Rewards | Rewards |
| Legal entity | CIMB Bank Berhad | ICICI Bank Ltd. |
| Headquarters | Malaysia | India |
| Founded | Not confirmed | 1994 |
| Support channels | Help centre | Phone, Help centre, ChatCovers more |
Savings
| Fact | CIMB Bank | ICICI Bank |
|---|---|---|
| Headline rate | 0.25% | 2.5%Higher |
| Minimum deposit | MYR 20 | ₹2,500 to ₹15,000 |
| Access terms | Withdraw funds at any time from an ATM, online, or at a branch | Easy access to funds: cash withdrawals, utility bill payments and online fund transfers through UPI, IMPS, NEFT and RTGS |
| Monthly fee | MYR 0 | Not confirmed |
| Account kind | Easy access | Easy access |
Credit cards
| Fact | CIMB Bank | ICICI Bank |
|---|---|---|
| Annual fee | MYR 0 | ₹3,500 |
| Currency conversion fee | Not confirmed | 3.5% |
| Rewards type | Cashback | Points |
| Rewards rate | Unlimited Cash Rebate | 4 points per INR 100 international spend, 2 points per INR 100 domestic spend, 1 point per INR 100 utility and insurance spend |
| Perks | Not confirmed | Welcome vouchers worth over INR 13,000 from Tata CLiQ, EaseMyTrip, Da Milano, Croma and EazyDiner, 2 complimentary international and 4 domestic airport lounge visits, Up to 4 complimentary golf rounds per month, 24/7 concierge service (i Assist), Air accident insurance cover up to INR 3 crore, 1% fuel surcharge waiver on fuel transactions up to INR 4,000, BookMyShow movie offers, up to INR 500 off the second ticket |
| Card kind | Credit | Credit |
Mortgages
| Fact | CIMB Bank | ICICI Bank |
|---|---|---|
| Initial rate | 4.8% to 5.2%Lower | 7.55% |
| Maximum loan to value | 100%Higher | 80% to 90% |
| Product fee | MYR 0 | Not confirmed |
| Purpose | Purchase, First time buyer | Purchase, Remortgage |
Where each stands against the rest
| Fact | CIMB Bank | ICICI Bank | Median |
|---|---|---|---|
| APR | 15%above the median | 9.99% to 16.5%at the median | 9.99% |
| Term | 24 to 84 monthsabove the median | 12 to 72 monthsabove the median | 60 |
| Origination fee (%) | 0.5%above the median | 2%above the median | 0% |
Median across 1096 listed providers.
Pros and cons
CIMB Bank
Pros
- The debit card carries an annual fee of MYR 0, so there is no yearly charge to hold it
- Personal loans charge an arrangement fee of RM0 (no processing fee), plus 0.5% on the loan amount
- Funding time is listed as Instant disbursement; approved and disbursed in 10 minutes, so an approved loan does not sit waiting on a payout
Cons
- Support runs on help centre only, so most questions are handled through the help centre itself
- The savings rate is variable at 0.25%, so the return can rise or fall with the base rate
- Loan eligibility is limited to Malaysian citizens who are adults, with a minimum monthly gross income and a waiting period of employment
ICICI Bank
Pros
- Personal loans disburse with Instant disbursement, on amounts of INR 50,000 to INR 5,000,000 over terms of 12 to 72.
- The savings account is easy access, taking a minimum deposit of INR 2,500 to INR 15,000.
- The card pays points on spending, with lounge visits, golf rounds, concierge help and welcome vouchers added.
Cons
- Foreign spend on the card carries a currency conversion fee of 3.5%.
- Personal loan applications run a hard credit check, and good credit is the bar.
- Free early repayment is not offered, so settling a personal loan early carries a charge.
Who each suits
CIMB Bank
Who it suits
- Malaysian adults who want an easy-access savings balance held with no monthly fee
- Borrowers who want a personal loan with an arrangement fee of RM0 (no processing fee) and quick disbursement
- First-time home buyers using the CIMB My First Home purchase route with up to 100% loan to value
Who should look elsewhere
- Anyone outside Malaysia, since the personal loan eligibility rests on Malaysian citizenship
- Savers who want a locked rate, because the rate type on the savings account is variable
- Borrowers who cannot meet the minimum monthly gross income requirement for approval
ICICI Bank
Who it suits
- Salaried Indian citizens of adult age who want savings, a card and loans from one bank.
- Savers comfortable with a variable savings rate and borrowers happy with a fixed rate loan.
- Cardholders who want a credit card with lounge, golf and concierge perks on top of points.
Who should look elsewhere
- wise, if a card with no annual fee matters most, since its annual fee is £0.
- bunq, if you would rather hold a euro account with an annual fee of €0 on the card.
- Varo Believe Secured Credit Card, if a secured card with an annual fee of $0 is the better fit.
Current offers
ICICI Bank
Current offer
Bonus
Sapphiro Credit Card welcome vouchers: Vouchers worth over INR 13,000
Upon payment of the joining fee of INR 6,500 + GST; vouchers worth INR 3,000 from Tata CLiQ, INR 4,000 from EaseMyTrip, INR 5,000 from Da Milano, INR 1,500 from Croma and an EazyDiner Prime Membership worth INR 1,095; issued within 45 business days
Source, checked September 26, 2026
Discount code
BookMyShow buy one get one movie offer on Sapphiro Credit Card: Up to INR 500 off the second ticket
From Apr 1, 2026 requires spending INR 25,000 or more on the Sapphiro Credit Card in the preceding spends quarter; one movie offer per month per card variant for dual-network cards
Source, checked September 26, 2026
Bonus
Sapphiro Credit Card milestone reward points: 4,000 reward points on INR 4 lakh annual spend, plus 2,000 points per additional INR 1 lakh, up to 20,000 points
Awarded in an anniversary year on qualifying annual spend
Source, checked September 26, 2026
Country by country
| Country | CIMB Bank | ICICI Bank |
|---|---|---|
| India | No | Yes |
Questions about each
CIMB Bank
What rate does the Basic Savings Account pay?+
It pays a headline rate of 0.25% at a variable rate type, so the return follows the base rate. The account opens with a minimum deposit of MYR 20, and the monthly fee is MYR 0.
How much does it cost to hold a CIMB Bank account?+
The monthly fee on the savings account is MYR 0, and the annual fee on the cards is MYR 0. Money in the savings account is easy-access, so you can take it out whenever you need it, at an ATM, online or at a branch counter.
ICICI Bank
What does the card cost to hold each year?+
The annual fee on the card is INR 3,500, which sits above cards that charge nothing. Foreign currency transactions add a conversion fee of 3.5% on top. It is a credit card, so balances are meant to be cleared in full rather than carried.
What rewards does the card pay?+
Rewards come as points, earning more on international spend than on domestic, utility and insurance purchases. The credit card also carries welcome vouchers with travel, dining and retail partners, lounge visits, golf rounds, a round the clock concierge service, air accident cover and a fuel surcharge waiver.
Other options to compare
Other matchups
- ICICI Bank vs Nexo
- CIMB Bank vs Sofkredit
- ICICI Bank vs DKB
- ICICI Bank vs DKB (Deutsche Kreditbank)
- ICICI Bank vs Qonto
- ICICI Bank vs AXI Card Tarjeta y Credito
- CIMB Bank vs Creduma ES
- ICICI Bank vs Vexi
- CIMB Bank vs Lendela
- ICICI Bank vs Current Build Card
- CIMB Bank vs AU Small Finance Bank
- CIMB Bank vs CHECK24
- ICICI Bank vs Upgrade
- ICICI Bank vs Wirex
- CIMB Bank vs LEND.ch
- ICICI Bank vs KTC credit card
- CIMB Bank vs Alior
- CIMB Bank vs Borrowell