ICICI Bank Personal Loan

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

Check Eligibility

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.

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
   

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.

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.

ICICI Bank Personal Loan Processing Fees and Charges

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

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.

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