ICICI Bank Personal Loan ICICI Bank Personal Loan

ICICI Bank offers wide variety of loans products to suit your requirements. ICICI Bank personal loans are easy to get and absolutely hassle free. With minimum documentation you can now secure a Loan for an amount upto Rs.20 lakhs. An ICICI Bank Personal Loan is your one-stop-shop for fulfilling all your financial aspirations!

Features and Benefits of ICICI Personal Loan
  • No Hidden cost.
  • Fast processing.
  • Attractive rate of interest with lowest EMI.
  • No security/ no guarantor required.
  • Flexible repayment options of 12 - 84 months.
₹ 273,923 crores worth of Personal Loan Applications received! (last updated on 24 May 2025)
Instant Apply for ICICI Bank Personal Loan @ Lowest Rates & your CIBIL score absolutely FREE.
Loan Amount
Employment Status
City

ICICI Personal Loan Details:


Interest Rates 10.50% to 16.00% per annum
Processing Fee Upto 2.50% of loan amount plus applicable taxes
Forclosure charges upto 3.00%
Repayment 12 months to 7 Years
Loan Amount upto 50 Lakh
Min. Income 20000 pm

ICICI Bank Personal loan Interest Rates 2023

Personal loan interest rates and charges in India based on the type of credit facility. For example, ICICI Bank offers Personal Loans up to Rs 50 lakh with attractive interest rates and minimal documentation. It is important to review rates and charges applicable and to be aware of secondary charges levied. "Personal Loan EMI calculator" can help understanding overall cost of loan and make an informed decision.
Interest Rates Pre Payment Charges Processing Fees
16% (Salary Above 75,000) 16.5% (Salary 50,000 -75,000) 17% (Salary 35,000 - 50,000) 17.5% (Salary 20,000 -35,000) 11% - 14.99% (Special rates for Loan Amount b/w 5 lacs - 20 lacs) 11.29% - 11.7% (BT rates for listed company) Upto 3.00% Upto 2.50% + GST

Eligibility Criteria for ICICI Personal Loan

Eligibility Criteria Salaried Self Employed
Age 23 - 58 Years 25 - 65 years
Salary Salaried individuals with minimum monthly income Rs.30,000 Turnover: Rs.40 lac for non professionals, Rs.15 lac for professionals
Profit After Tax Rs.2 lac for prop firm/self employed individuals, Rs 1 lac for non professionals
Eligibility ICICI Bank Salary Account Holder, Customers having asset relationship with ICICI Bank (availed Home Loan, Car Loan and/or Auto Loan), Salaried customers with ICICI Bank Savings Account or Salaried customer having no relationship with ICICI Bank Minimum 1 Year liability relationship (current or savings account) or asset (loan) relationship, either live or closed in the last 6 months.
Years in total job / profession 2 Years 3 years for Doctors & 5 years for others
Pre-approved offers: If you have a good credit score, you may be eligible for pre-approved offers, which come with even lower interest rates.

Required Documents List for ICICI Bank Personal Loan

For Apply ICICI Bank Personal loan, Mostly these documents are required mandatory: Salary slips for the last 3 months, latest 3 month Bank Statements, Passport / Driving License / Voters ID / PAN Card (any one).
List of documents for Salaried: List of documents for Self-Employed:
  • Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
  • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Latest 3 months Bank Statement (where salary/income is credited).
  • Salary slips for last 3 months.
  • 2 Passport Size photographs.
  • KYC Documents : Proof of Identity; Address proof; DOB proof.
  • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Income proof (audited financials for the last two years).
  • Latest 6 months Bank statement.
  • Office address proof.
  • Proof of residence or office ownership.
  • Proof of continuity of business.

Prepayment of loan: Yes, you can prepay the entire loan outstanding anytime after paying 6 installments.

How much time will it take for my loan to be approved?
Loans are approved within 72 hours of submission of complete documentation.

What is the minimum and maximum amount of Personal Loan offered by ICICI Bank?
ICICI Bank offers Personal Loans starting at Rs 25,000 up to Rs 50,00,000.

Available Products of ICICI Bank are:

Head Office : ICICI Towers, Bandra Kurla Complex, Bandra (EAST), Mumbai- 400051 - INDIA
Disclaimer : Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.
Know the Rate of interest charged by major banks for Personal Loan