ICICI Bank Personal Loan

ICICI Bank offers personal loans starting at 11% p.a. for amounts up to ₹25 lakh with flexible repayment tenures of up to 5 years. Customers can also transfer their existing personal loans from other banks or NBFCs to ICICI Bank at lower interest rates. Additionally, ICICI Bank provides an overdraft facility for customers holding salary accounts with the bank.

 

ICICI Bank

ICICI Bank

Check Eligibility
Max. Loan Amt.

Up to ₹25.00 Lakh

Rate of Interest

11.00% - 13.00%

Tenure up to

1 - 5 Years

Processing Fee

₹2%

Quick DisbursalFixed Interest Rates

Features of ICICI Personal Loan

  • Quick Disbursal: Eligible customers can receive funds within 3 seconds.
  • Fixed Interest Rates: The interest rate stays the same for the entire loan tenure.
  • High Loan Amounts: Borrow up to ₹50 lakh.
  • Easy Documentation: Minimal paperwork is required to apply.
  • Flexible Repayment: Choose a repayment tenure that fits your budget.
ICICI Bank Personal Loan Highlights

Interest rate

11.00%-13.00% p.a.

Loan Amount

Up to Rs 25 lakh

Tenure

1-5 years

Processing Fee

Up to 2% of the loan amount

Minimum Monthly Salary

Rs 30,000

Prepayment Charges
  • For salaried customers- 3% plus applicable taxes on principal outstanding after payment of 1st EMI, Nil if 12 or more EMIs are paid.
  • For MSE classified customers, charges are Nil after payment of the 1st EMI for a loan amount of up to Rs 50 lakh

Documentation
  • Proof of Identity
  • Proof of Address
  • Bank statements (last 6 months)
  • Salary slips (latest)

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Why Take a Personal Loan from ICICI Bank

  • Affordable Rates – ICICI Bank personal loans start from 11% p.a., lower than many other banks.
  • Instant Funds – Get up to Rs 25 lakh quickly through the iMobile app with minimal paperwork.
  • Reliable Bank – ICICI Bank is a trusted name with years of experience.
  • Fast Processing – Loans are usually approved within 72 hours after document submission.

 

How to Apply for ICICI Personal Loan via mybankingtips

ICICI Bank has partnered with mybankingtips to offer personal loans. You can apply for ICICI Bank personal loans and compare offers from other top lenders like IDFC FIRST Bank, Axis Bank, and IndusInd Bank – all in one place.

Steps to Apply:

  1. Enter your mobile number to start the application.
  2. Fill in basic details, including your employment type.
  3. Verify your details using the OTP sent to your registered mobile number.
  4. Select the loan amount and mention the purpose (e.g., wedding, travel, medical, home renovation).
  5. Compare offers from ICICI Bank and other lenders, then apply instantly.

 

Types of ICICI Bank Personal Loans

1. ICICI Bank Personal Loan for NRI

  • Purpose: To meet the personal financial needs of Non-Resident Indians (NRIs).
  • Loan Amount: Up to ₹50 lakh
  • Tenure: Up to 5 years
     

2. ICICI Bank Instant Personal Loan

  • Purpose: Instant personal loan for existing customers via iMobile Pay app or the ICICI Bank website.
  • Loan Amount: Up to ₹25 lakh
     

3. ICICI Bank Top-up Personal Loan

  • Purpose: Additional loan facility on your existing personal loan for urgent personal requirements.
  • Loan Amount: ₹50,000 – ₹50 lakh
     

4. ICICI Bank Personal Loan Balance Transfer

  • Purpose: Transfer existing personal loans from other banks or NBFCs to ICICI Bank at lower interest rates.
     

5. ICICI Bank FlexiCash

  • Purpose: Short-term instant credit personal loan overdraft facility for salary account holders to cover personal expenses.
  • Processing Fee: ₹1,999 – ₹2,999 + taxes
     

6. ICICI Bank Pre-Qualified Loan

  • Purpose: Available to select existing customers with a simple application process and fast approval.
     

7. ICICI Bank Fresher Funding

  • Purpose: Designed for freshers and new employees to finance their personal expenses.
  • Loan Amount: Up to ₹1.5 lakh
     

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ICICI Bank Personal Loan Interest Rates

ICICI Bank Personal Loan interest rates differ depending on the loan type. However, unlike many other lenders, ICICI Bank does not share a detailed interest rate matrix based on factors such as credit score, monthly income, occupation, or employer profile.

Minimum Interest Rate

11% p.a.

Maximum Interest Rate

13% p.a.

 

ICICI Bank Personal Loan EMI Calculator

The ICICI Bank Personal Loan EMI Calculator helps you quickly estimate your monthly EMI and the total interest payable over the loan tenure. Simply enter the loan amount, interest rate, and tenure to get instant results.

Total Repayment = Principal + Interest

Monthly EMI

Rs. 0

Total Interest

Rs. 0

Total Repayment

Rs. 0

 

ICICI Bank Personal Loan Processing Fees and Charges

ICICI Bank applies the following fees and charges on its personal loans:

Particulars Charges

Processing Fee

2%

Pre-payment Charges

a. For salaried customers- 3% plus applicable taxes on principal outstanding after payment of 1st EMI; Nil if 12 or more EMIs are paid.

b. For MSE classified customers, charges are Nil after payment of the 1st EMI for loan amount of up to Rs 50 lakh

Loan Cancellation Charges

a. Nil – If the loan is cancelled within the cooling off period (i.e.,15 days from the date of disbursement)

b. Cancellation fee of Rs 2,500 if the loan is cancelled after the cooling off period

Part payment charges

3% plus GST on the part payment amount paid for the loan repayment tenure of up to 24 months; Nil for a loan repayment tenure of above 24 months

Charges of late payment

5% p.a. on the overdue EMI until repayment

EMI Bounce Charges

Rs 500 per bounce + GST

Repayment mode swap charges

Rs 500 per transaction + GST

 

ICICI Bank Personal Loan – Eligibility Criteria

For Salaried Individuals

  • Age: 20 years minimum at application, 58 years maximum at loan maturity.
  • Income: Minimum monthly income of ₹30,000.
  • Work Experience: At least 2 years of total work experience.
  • Residence: Must have stayed at the current address for at least 1 year.
     

For Self-Employed Individuals

  • Age: Minimum 23 years at application, 65 years at loan maturity; 25 years for doctors.
  • Business Turnover: Minimum ₹40 lakh for non-professionals, ₹15 lakh for professionals (audited financials).
  • Profit: Minimum post-tax profit of ₹2 lakh for proprietorship/self-employed and ₹1 lakh for non-professionals.
  • Experience: At least 2 years in the current business and 3 years of total work experience.

Apply for Best ICICI Bank Personal Loan with MybankingTips

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Documents Required for ICICI Bank Personal Loan

For Salaried Applicants

  • ID Proof: Driving License, Passport, PAN Card, or Voter ID
  • Address Proof: Passport, Utility Bill (less than 3 months old), or Leave & License Agreement
  • Photographs: 2 passport-size photos
  • Income Proof: Last 3 months’ salary slips
  • Bank Statements: Last 3 months showing salary credits
     

For Self-Employed Applicants

  • KYC Documents: ID Proof, Address Proof, Date of Birth Proof
  • Residence Proof: Passport, Utility Bill (less than 3 months), or Leave & License Agreement
  • Income Proof: Audited financials
  • Business Proof: Proof of office address, continuity of business
  • Bank Statements: Last 6 months
     

For Personal Loan Balance Transfer

  • Latest loan statement
  • Salary slip
  • Bank statements of last 6 months along with repayment schedule
  • KYC documents

 

Apply for Personal Loan Across Various Loan Amounts

50000 Personal Loan 2 Lakh Personal Loan 4 Lakh Personal Loan 6 Lakh Personal Loan 15 Lakh Personal Loan 30 Lakh Personal Loan 50 Lakh Personal Loan
1 Lakh Personal Loan 3 Lakh Personal Loan 5 Lakh Personal Loan 10 Lakh Personal Loan 20 Lakh Personal Loan 40 Lakh Personal Loan 75 Lakh Personal Loan

Frequently Asked Questions

Everything you need to know about this personal loan

ICICI Bank personal loan rates range from 11% to 13% p.a., depending on the applicant’s profile and the bank’s policies.

You can apply via the ICICI Bank website, iMobile app, or through mybankingtips by filling in your details and submitting documents digitally.

ICICI Bank charges up to 2% of the loan amount as processing fees.

ICICI Bank hasn’t specified a strict cutoff. Generally, a score of 750+ improves your chances of getting a loan at a lower interest rate.

With all documents submitted, ICICI Bank typically approves loans within 72 hours

Normally, salary slips or income proof are required. However, pre-approved customers may receive offers without submitting income documents.

Yes, ICICI Bank offers personal loans to self-employed applicants who meet income and eligibility criteria.

Yes, top-up loans are available on existing ICICI personal loans, based on eligibility and repayment history. The top-up amount can go up to ₹25 lakh.

Prepayment charges are 3% of the outstanding principal after the first EMI. No charges apply if 12 or more EMIs have been repaid.

You can avail a personal loan of up to ₹25 lakh, depending on your income and repayment capacity.

Check your loan status online using the loan reference number on ICICI Bank’s website or contact customer care.

You can call 1800 1080 for assistance.

Yes, ICICI Bank offers a personal loan balance transfer facility with interest rates starting at 10.85% p.a. and minimal documentation for eligible applicants.

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