ICICI Bank Personal Loan – Check Eligibility, Interest Rate & Documentation

Instant Approval
Minimal Documentation
Flexible Tenure Options

Apply online for a ICICI Bank personal loan and access quick funds with minimal paperwork. Compare eligibility, interest rates, and documents in one place. Ideal for home renovation, medical needs, education, weddings, travel, or debt consolidation. Enjoy fast approval, flexible tenure, and a smooth 100% digital process designed for convenience.

Interest Rate
10.25%onwards
Loan Amount
₹ 50 Lacs
Processing Fees
0-1%
Loan Tenure
1 to 6 years
Apply Now Check Eligibility

Get a Personal Loan upto ₹25 Lakh in in 30 Minutes*

100% digital and secure process, 45% lower EMIs starting @ ₹1104/Lakh, Pay interest only on what you use with flexi loan.

Instant e-KYC No collateral Flexible tenure Trusted partner
Approval 2 minutes & Disbursal in 30 Mins*
Disclaimer: Fincrif India Pvt Ltd is not associated with ICICI Bank for personal loans. Information here is for general guidance only. For official details, contact ICICI Bank directly.
1+ Million

Happy Customers

Rs. 250+ crore

Monthly Personal Loans Disbursal

Wide Range of 60+

Partner Banks & NBFCs

Support team 500+

Team Size of Experts

ICICI Bank Personal Loan

ICICI Bank offers versatile personal loans to help customers manage their financial needs with ease. Whether it’s funding a wedding, handling a medical emergency, planning a vacation, or consolidating debts, ICICI Bank’s personal loans are designed with customer convenience in mind. With competitive interest rates, a fast approval process, and flexible repayment options, ICICI Bank personal loans stand out as a reliable financial solution.

 

What is an ICICI Bank Personal Loan?

ICICI Bank personal loans are unsecured loans available to salaried professionals and self-employed individuals. These loans do not require collateral and offer amounts up to ₹50 lakh. Borrowers can enjoy a hassle-free application process, with quick disbursal, flexible repayment tenures ranging from 12 to 72 months, and attractive interest rates starting as low as 10.25% p.a.

 

Eligibility Criteria for ICICI Bank Personal Loan

To apply for an ICICI Bank personal loan, applicants need to meet the following eligibility requirements:

  1. Age: Applicants must be between 23 and 58 years old (for salaried individuals) or up to 65 years old (for self-employed individuals).
  2. Income:
    • Salaried individuals: Minimum monthly income of ₹25,000.
    • Self-employed professionals: Proof of consistent income and financial stability.
  3. Employment:
    • Salaried individuals should have a stable job in a private or public sector company.
    • Self-employed individuals need to show at least three years of business continuity.
  4. Residency: Applicants must be Indian citizens residing in cities where ICICI Bank operates.
  5. Credit Score: A good credit score (typically 700 or above) improves the chances of approval.

Documents Required for ICICI Bank Personal Loan

The documentation process is straightforward and minimal. Here’s what you need to provide:

  1. Identity Proof (any one):
    • Aadhaar Card
    • PAN Card
    • Passport
    • Voter ID
  2. Address Proof (any one):
    • Aadhaar Card
    • Passport
    • Utility Bills (Electricity, Water, or Gas Bill)
    • Rental Agreement
  3. Income Proof:
    • For salaried individuals: Latest three months’ salary slips and bank statements.
    • For self-employed individuals: ITR for the last two years, along with audited financials and bank statements.
  4. Photographs: Two passport-sized photographs.
  5. Additional Documents: The bank may request other documents based on the applicant’s profile.

Features of ICICI Bank Personal Loan

  1. High Loan Amount: Avail loans up to ₹50 lakh to meet diverse financial needs.
  2. Competitive Interest Rates: Starting from 10.25% p.a., ensuring affordability.
  3. Flexible Tenures: Choose repayment periods from 12 to 72 months.
  4. Quick Disbursal: Loan amounts are disbursed within 24 to 48 hours of approval.
  5. Minimal Documentation: Simplified paperwork for a hassle-free process.
  6. No Collateral Required: Loans are unsecured, so no need to pledge assets.
  7. Digital Process: Apply online via the ICICI website or mobile app for seamless access.

Fees and Charges of ICICI Bank Personal Loan

  1. Processing Fee: Up to 0 - 2.00% of the loan amount plus GST.
  2. Prepayment Charges:
    • 5% on the principal outstanding if closed within one year.
    • 3% after one year.
  3. Late Payment Fee: 2% per month on the overdue EMI amount.
  4. Stamp Duty: Applicable as per state laws.
  5. EMI Bounce Charges: 550 per instance.
  6. Other Administrative Fees: As applicable if any.

 

Types of ICICI Bank Personal Loans

ICICI Bank provides a range of personal loans tailored to specific needs:

  1. Wedding Loans: Plan your dream wedding without financial stress.
  2. Travel Loans: Fund your domestic or international trips with ease.
  3. Medical Loans: Cover unexpected medical expenses quickly.
  4. Home Renovation Loans: Upgrade or renovate your home as needed.
  5. Debt Consolidation Loans: Merge multiple debts into one manageable loan.
  6. Top-Up Loans: Additional funding for existing ICICI Bank personal loan customers.

EMI Calculation of ICICI Bank Personal Loan

The EMI for an ICICI Bank personal loan is calculated based on three factors:

  1. Loan Amount: The principal borrowed.
  2. Interest Rate: Lower interest rates result in smaller EMIs.
  3. Tenure: Longer tenures mean smaller EMIs but higher overall interest costs.

Example:

  • Loan Amount: ₹20 lakh
  • Interest Rate: 12% p.a.
  • Tenure: 48 months
  • EMI: ₹52,635 (approx.)

Use the ICICI Bank’s online EMI calculator for precise estimates.

 

Why Choose ICICI Bank Personal Loan?

  1. Reputed Institution: ICICI Bank is one of India’s most trusted financial institutions.
  2. Transparent Processes: No hidden fees, ensuring customer confidence.
  3. Flexible Repayment Options: Tailored tenures to suit your repayment capacity.
  4. Dedicated Customer Support: 24/7 assistance through ICICI Bank’s helpline and online support.
  5. Special Offers: Exclusive benefits for pre-approved customers, including instant disbursal.
  6. Digital Convenience: Apply, track, and manage your loan online at fincrif.com


Frequently Asked Questions (FAQs)

Q: What is the maximum loan amount I can borrow?

A: ICICI Bank offers personal loans of up to ₹50 lakh.

Q: How soon will the loan amount be disbursed?

A: The loan amount is disbursed within 24 to 48 hours of approval.

Q: Can I prepay my personal loan?

A: Yes, prepayment is allowed with applicable charges based on the repayment tenure.

Q: Do I need a guarantor to apply for an ICICI Bank personal loan?

A: No, a guarantor is not required as the loan is unsecured.

Q: How can I check my ICICI Bank personal loan eligibility?

A: Use the bank’s online eligibility calculator or visit the nearest branch for assistance.

 

ICICI Bank personal loans are a go-to option for individuals seeking quick and reliable financial assistance. With competitive rates, flexible tenures, and minimal documentation, ICICI ensures that customers can meet their financial goals without hassle. Whether it’s a planned expense or an emergency, ICICI Bank’s personal loan products provide the flexibility and support you need.

Disclaimer: This content is for informational & educational purposes only. For complete and current details, please visit the official website.

EMI Calculator

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A Multi-Purpose Loan EMI Calculator helps you estimate your monthly repayment amount before applying for a loan. Whether it’s for education, travel, wedding, home renovation, or business needs—know your EMI and plan smarter.

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