ICICI Bank Personal Loan: ICICI Bank is a leading provider of personal loans in India, offering competitive interest rates starting at 10.85% p.a. and flexible tenures of up to 6 years. With loan amounts of up to ₹50 lakh, ICICI Bank personal loans cater to a wide range of financial needs, including quick cash flow through pre-approved loans disbursed in just 3 seconds.
Here’s an in-depth look at ICICI Bank’s personal loan offerings, eligibility criteria, interest rates, and more.
Why Choose ICICI Bank Personal Loan?
ICICI Bank stands out for its diverse personal loan products and customer-centric features:
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ICICI Bank Personal Loan Highlights
- Interest Rates: 10.85%–16.25% p.a.
- Loan Amount: Up to ₹50 lakh
- Tenure: 1–6 years
- Processing Fee: Up to 2% of the loan amount
- Minimum Monthly Salary: ₹30,000
- Prepayment Charges: 3% of the principal (after first EMI), with conditions for waivers.
ICICI Bank Personal Loan: Key Highlights Table
| Feature | Details |
| Interest Rate | 10.85%–16.25% p.a. |
| Loan Amount | Up to ₹50 lakh |
| Tenure | 1–6 years |
| Processing Fee | Up to 2% of the loan amount + GST |
| Prepayment Charges | 3% of principal outstanding (conditions apply) |
| Minimum Monthly Salary | ₹30,000 (for salaried individuals) |
| Eligibility | Salaried (23–58 years), Self-Employed (28–65 years) |
| Quick Loan Disbursal | Pre-approved loans disbursed in as little as 3 seconds |
| Balance Transfer Facility | Transfer existing personal loans at lower interest rates |
| Overdraft Facility | FlexiCash for ICICI salary account holders |
| Customer Care (Toll-Free) | 1860-120-7777 |
Types of ICICI Bank Personal Loans
- ICICI Bank FlexiCash
Purpose: Short-term credit for salary account holders.
Processing Fee: ₹1,999 + taxes.
- Personal Loan for NRIs
Loan Amount: Up to ₹10 lakh.
Tailored for the financial needs of Non-Resident Indians.
- Pre-Approved Personal Loan
Loan Amount: Up to ₹50 lakh.
Tenure: 1–5 years.
Available for select ICICI Bank customers.
- Personal Loan Top-Up
Loan Amount: ₹50,000–₹25 lakh.
Purpose: Additional funds on an existing loan.
- Balance Transfer Facility
Benefits: Lower interest rates when transferring loans from other banks or NBFCs.
- Fresher Funding
Loan Amount: Up to ₹1.5 lakh.
Designed for new employees and freshers.
ICICI Bank Personal Loan Interest Rates
| Loan Product | Interest Rate (p.a.) |
| Standard Personal Loan | 10.85%–16.25% |
| FlexiCash Overdraft | 12.35%–14.10% |
| Personal Loan for NRIs | 10.80% onwards |
Eligibility Criteria for ICICI Bank Personal Loan
For Salaried Individuals
- Age: 23–58 years.
- Monthly Income: ₹30,000 minimum.
- Work Experience: At least 2 years.
- Residence Stability: Minimum 1 year at the current address.
For Self-Employed Individuals
- Age: 28–65 years (25 years for doctors).
- Business Turnover: ₹40 lakh (non-professionals) or ₹15 lakh (professionals).
- Profit After Tax: ₹2 lakh for proprietors; ₹1 lakh for non-professionals.
- Business Stability: 5 years, or 3 years for doctors.
Documents Required
For Salaried Individuals
- Identity Proof: PAN, Passport, Driving License, or Voter ID.
- Address Proof: Utility bill, Rent Agreement, or Passport.
- Income Proof: Last 3 months’ salary slips and bank statements.
For Self-Employed Individuals
- KYC Documents: PAN, Aadhaar, or Passport.
- Business Proof: Office ownership documents or rent agreement.
- Income Proof: Audited financials, bank statements for 6 months.
ICICI Bank Personal Loan Charges
- Processing Fee: Up to 2% of the loan amount + GST.
- Prepayment Charges: 3% on the outstanding principal (conditions apply).
- Loan Cancellation: ₹3,000 + GST.
- Penal Interest: 24% p.a.
- EMI Bounce Fee: ₹400 + GST per instance.
ICICI Bank Personal Loan EMI Calculator
Use the EMI Calculator to estimate your monthly repayments:
- Loan Amount: ₹5,00,000
- Interest Rate: 10.85% p.a.
- Tenure: 5 years
- Monthly EMI: ₹10,746.95
- Total Repayment: ₹6,44,817 (includes interest).
How to Apply for ICICI Bank Personal Loan
- Online: Apply via the ICICI Bank website or iMobile Pay app.
- Branches: Visit your nearest ICICI Bank branch.
- Third-Party Platforms: Use platforms like Paisabazaar for comparisons and applications.
ICICI Bank Customer Care
- Toll-Free Number: 1860-120-7777
- For unresolved queries, dial 1800 200 3344.
Important Links
| ICICI Bank Personal Loan | View |
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