ICICI Bank Personal Loan

With affordable interest rates and adjustable repayment terms, ICICI Bank offers personal loans. There is little to no paperwork required in order to obtain a loan. ICICI Bank with interest rates starting at 10.50%. A maximum loan of Rs.50,000 to 25 Lakhs with a maximum 1 to 6 year repayment period is available to you.

The personal loans offered by ICICI Bankhave low interest rates and flexible payback schedules. A loan can be obtained with little to no paperwork. Interest rates on personal loans from ICICI Bank start at 10.49%, making them a great option for any of your urgent financial requirements. You may be eligible for a loan with a maximum amount of Rs 20,000 to Rs 1 crore and a maximum payback term of 6 months to 5 years.

Interest Rate 10.50%
Maximum Loan Rs.50,000 to 25 Lakhs
Processing Fees 2.50%
Maximum Loan Tenure 1 to 6 year

Loan Disbursal in 3 hrs*
100% Online Process

A Four-Step Guide to Efficient Financing

Complete Your Basic Details
Check Your Soft Eligibilty
Complete Your Details
Get Disbursal in account

ICICI Bank Personal Loan EMI Calculator



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Documents required for ICICI Bank Personal Loan 

You must submit a list of required papers in order to apply online for an ICICI Personal loan. Here is a list of the paperwork for personal loans from ICICI Bank and also you get the ICICI Bank loan account details with the help of documents : 

  • The loan application must be finished.

  • At least two passport-size photos

  • PAN, AADHAR, voter ID, and passport are acceptable forms of identification. (Any of the aforementioned documents may be submitted.)

  • Residential Proof: Any Utility Bill, such as an Electricity or Gas bill, that is no older than three months, a passport, a leave of absence and a license agreement. (Any of the aforementioned documents may be submitted.)

  • 3 month's worth of pay stubs.

  • Bank statement for the previous three months (where monthly revenue is credited)

  • 16th of the previous two years.

ICICI Bank Limited, also known as Industrial Credit and Investment Corporation of India, is a banking and financial organisation in India. Its headquarters are in Mumbai, Maharashtra, while Vadodara, Gujarat, is home to its registered office. For both its retail and business customers, ICICI Bank provides a large variety of financial services and banking products. The second largest bank in India, based on assets and market capitalization, is ICICI Bank. The ICICI Bank has broadened its areas of expertise to include venture capital, asset management, investment banking, and life and non-life insurance. Currently, the bank operates over 4800 branches and 14,000 ATMs across India.

The bank offers personal loans to help its customers with quick financial assistance. The Icici Bank Personal Loan apply personal loans offer you low documentation requirements and competitive interest rates.

Feature of ICICI Bank Personal Loan 

Following are the some feature of ICICI Bank Personal Loan : 

  • ICICI Bank loan apply is very simple online. You can easily apply online. 

  • Equated Monthly Instalments or EMIs are two ways you might pay back your loan.

  • The interest rate for the ICICI Personal Loan is fixed and decreases every month.

  • You do not need to provide any security to the bank in order to obtain a personal loan.

  • The interest rate on personal loans from ICICI Bank starts at 11.25%*, which is a very low rate.

  • To suit your financial needs, a maximum loan amount of Rs. 40 lakhs may be accessed.

  • Check online for information on ICICI Bank personal loan eligibility requirements and supporting documentation.

  • Check online for information on ICICI Bank personal loan eligibility requirements and supporting documentation.

  • The lending institutions impose prepayment fees if you choose to repay your loan early. A minimum prepayment fee is assessed by ICICI Bank.

    Process for applying ICICI Bank Personal Loan 

    You must adhere to these easy procedures in order to apply for an ICICI Bank Instant Personal Loan: 

     Step 1: Go to the official ICICI Bank Personal Loan website and select "Apply Online" 

    Step 2: Fill in the appropriate loan amount and term.

    Step 3: Next, enter your cell phone number. 

    Step 4: Watch out for an OTP to arrive on your registered mobile number. 

    Step 5: Enter the OTP, then modify the personal loan to meet your needs. 

    Step 6: Complete the application form after picking the loan offer.

    Step 7: To discuss the next steps, a bank representative will get in touch with you.

    FinCrif Frequently Asked Questions ( FAQ ) 

    1. How long does it take to have a personal loan from ICICI Bank approved?

    ANS. An ICICI personal loan is typically approved in fifteen working days. The lending company also provides rapid personal loans that are granted in only two to three hours for those who require emergency cash.

    1. Can I apply for a loan without a bank statement?

    ANS. If you have paid off at least 12 EMIs on time, ICICI Bank will give you a top-up facility. Contact the customer service department or go to the closest bank office if you want to visit this facility.

    1. What is the most that the ICICI Bank will sanction for a personal loan?

    ANS.  One can borrow up to 50 lakhs with an ICICI Bank personal loan.


Eligibility Criteria for ICICI Bank Personal Loan 

To help them get through their immediate financial difficulty and realize their dreams, ICICI offers personal loans to salaried folks. The bank offers personal loans depending on your ability to repay debt and credit history. Since the ICICI Personal Loan is an unsecured loan, the bank must first determine the applicant's eligibility before approving the personal loan.

So , here are the ICICI Bank Personal Loan  eligibility : 

  • The lowest and maximum ages required for ICICI personal loan applications are 23 and 58 years old, respectively.

  • You must make at least Rs. 20,000 per month in order to qualify.

  • A person with a job can apply for a personal loan.

  • You must spend a minimum of one year at the current address.

  • If you have a salary account with the bank or a savings account, you may apply for an ICICI personal loan. Furthermore, you can apply for a personal loan without much difficulty if you have an asset relationship with the bank from obtaining a car or home loan.

  • Additionally, you are still eligible to apply for a personal loan even if you have no connection to the ICICI Bank.

  • You must have at least two years of work experience.

  • A CIBIL Score of at least 750 is required.

Fees and Charges of ICICI Bank Personal Loan 



Interest rates and fees

10.75% onwards

Processing Fee

Up to 2.50% of loan amount +GST

Prepayment Charges

5% on outstanding principal + GST Nil, if the loan is closed using one’s own funds (For MSME classified borrowers). Any waiver on prepayment charges are applicable if the borrower has paid at least 12 EMIs

Loan Cancellation Charges

Rs. 3000 + GST 

Penal Interest

24% per annum

EMI Bounce Charges

Rs. 400 per bounce + GST

Repayment Mode Swap Charges

Rs. 500 per transaction + GST

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