ICICI Bank Personal Loans come with interest rates starting from 9.99% p.a. You can apply for a personal loan online and get a loan amount of up to ₹50 lakh, depending on your eligibility.
The repayment tenure ranges from 12 to 72 months, giving borrowers flexibility to choose a repayment period that fits their budget. You can check your eligibility and compare the available options before applying.
ICICI Bank Personal Loan Details
Here is a quick overview of the main features of an ICICI Bank Personal Loan:
| Loan Parameter | Updated Loan Details |
| Interest Rate | 9.99% p.a. to 16.50% p.a. |
| Loan Amount | Up to ₹50 lakh |
| Repayment Tenure | 12 to 72 months (1 to 6 years) |
| Minimum Net Salary | ₹30,000 per month |
| Processing Fee | Up to 2% of loan amount + GST/taxes |
ICICI Bank Personal Loan Interest Rates & Charges
ICICI Bank Personal Loan interest rates range from 9.99% p.a. to 16.50% p.a.
The rate offered to you can depend on factors such as your credit history, CIBIL score, income, and overall loan profile. Borrowers with a strong credit profile and a CIBIL score of around 700–750+ may get lower interest rates.
Here are the interest rates for different ICICI Bank Personal Loan schemes:
| ICICI Bank Loan Scheme | Interest Rates (p.a.) | Processing Fees & Charges |
| ICICI Bank FlexiCash | 12.00% p.a. onwards | Starting at ₹1,999 + GST |
| ICICI Bank Personal Loan for NRI | 15.40% p.a. onwards | At bank discretion |
| ICICI Bank Pre-Approved Personal Loan | 9.99% p.a. onwards | Up to 2% of loan amount + taxes |
| ICICI Bank Pre-Qualified Loan | 9.99% p.a. onwards | Up to 2% of loan amount + taxes |
| ICICI Bank Top-up Personal Loans | 9.99% p.a. onwards | Up to 2% of loan amount + taxes |
| ICICI Bank Fresher Funding | 10.75% p.a. onwards | Up to 2% of loan amount + taxes |
Note: Interest rates may change based on the bank’s policies. Prepayment or foreclosure charges are 3% of the outstanding principal amount before 24 EMIs and NIL after 24 EMIs are paid. Penal interest is charged at 2% per month for late payments.
Types of ICICI Bank Personal Loans
ICICI Bank offers different personal loan options for different types of borrowers and financial needs.
ICICI Bank FlexiCash
- Short-term instant loan for existing ICICI Bank customers with a salary account.
- Low processing fees.
- No documents required.
- 100% digital process.
- Interest is charged based on the amount and tenure used.
ICICI Bank Personal Loan for NRI
- Available for Non-Resident Indians.
- Quick disbursal with minimal documentation.
- Interest rates start from 15.49% p.a.
- Loan amount up to ₹10 lakh.
ICICI Bank Pre-Approved Personal Loan
- Available for selected existing customers.
- Fast disbursal within 3 seconds.
- Loan amount up to ₹50 lakh.
- Repayment tenure ranges from 1 to 5 years.
ICICI Bank Pre-Qualified Loan
- Available for selected existing customers.
- Easy online application process.
- Fast processing.
ICICI Bank Top-up Personal Loans
- Available as a top-up on an existing ICICI Bank loan.
- Comes with a consolidated EMI for the full loan amount.
- Loan amount ranges from ₹50,000 to ₹50 lakh.
ICICI Bank Personal Loan Balance Transfer
- Allows you to combine existing debts into one loan at a lower interest rate.
- Flexible repayment period.
- Easy application process and quick disbursal.
ICICI Bank Fresher Funding
- Available for freshers and new employees.
- Can be used for personal expenses.
- Loan amount up to ₹1,50,000.
- Repayment tenure up to 60 months.
ICICI Bank Personal Loan EMI Calculation
If you are planning to take a personal loan from ICICI Bank, you can use the ICICI Bank personal loan calculator to estimate your monthly EMI.
Steps to Use the ICICI Bank Personal Loan EMI Calculator
- Select Loan Amount: Enter or select the loan amount you need between ₹50,000 and ₹50 lakh.
- Enter Interest Rate: Add the applicable annual interest rate, starting from 9.99% p.a.
- Choose Repayment Tenure: Select a repayment period between 12 and 72 months, or 1 to 6 years.
- Check the Results: View your monthly EMI, total interest, and total payable amount.
ICICI Bank Personal Loan Vs Other Banks
The table below compares ICICI Bank Personal Loan rates with other lenders:
| Lender | Interest Rates | Processing Fees |
| ICICI Bank | 9.99% onwards | Up to 2.5% |
| HDFC | 9.99% onwards | Up to ₹6,500 |
| Axis | 9.99% onwards | Up to 2% |
| IndusInd | 10.49% onwards | Up to 3.5% |
| Yes Bank | 10.85% onwards | Up to 2.5% |
| Shriram City | 11% onwards | Up to 5% |
Note: The interest rates mentioned above are subject to change at the lender’s discretion.
ICICI Bank Personal Loan Eligibility
ICICI Bank Personal Loan eligibility depends on factors such as your age, monthly income, work experience, business stability, and credit profile.
Here are the basic eligibility requirements:
| Factors | Eligibility Criteria |
| Age | 20 to 58 years (Salaried) / 23 to 65 years (Self-Employed) |
| Minimum Monthly Income | ₹30,000 per month |
| Work Experience / Business Vintage | Minimum 2 years total work experience (Salaried) / 2 years in current business (Self-Employed) |
| Credit Profile | Preferred CIBIL score of 700 – 750+ |
ICICI Bank Personal Loan Eligibility for Salaried Employees
- Age: 20 to 58 years.
- Monthly Income: Minimum ₹30,000.
- Work Experience: Minimum 2 years completed at the current organisation.
- Years in Current Residence: 1 year.
ICICI Personal Loan Eligibility for Self-Employed Applicants
- Age: 23 to 65 years.
- Minimum Turnover: Rs. 40 lakh for non-professionals and Rs. 15 lac for professionals.
- Minimum Profit After Tax: Rs. 2 lac for Proprietorship Firm/Self-employed Individuals.
- Business Stability: At least 5 years in the current business and minimum 3 years for doctors.
- Relationship With ICICI Bank: Minimum 1 year liability relationship or asset relationship with ICICI Bank.
Features of ICICI Bank Personal Loan
Here are the main features and benefits of an ICICI Bank Personal Loan:
- No Collateral Required: 100% unsecured loan without pledging any security or assets.
- Zero Foreclosure Fees After 24 EMIs: Repay your loan balance early after 24 EMIs without extra foreclosure charges.
- 100% Digital Process: Paperless application experience with instant approval and disbursement.
- Flexible Repayment Tenure: Choose repayment terms ranging from 12 to 72 months.
ICICI Bank Personal Loan Documents Required
You need to submit certain documents while applying for an ICICI Bank Personal Loan.
| Document Type | Documents Required |
| Identity Proof | PAN Card, Voter ID, Driving License, Passport |
| Income Proof | Bank statement and salary slips for last 3 months |
| Address Proof | Landline Bill, Electricity Bill, Ration Card, Voter ID, Passport |
| Other Documents | Duly signed loan application form and 2 passport-size photographs |
How to Apply for ICICI Bank Personal Loan with Buddy Loan
Steps to Apply for a Personal Loan with Buddy Loan
- Step 1: Visit buddyloan.com or download and install the Buddy Loan app on Android or iOS.
- Step 2: Open the Personal Loan Application Page. Enter your mobile number and verify it using the OTP received.
- Step 3: Enter the loan amount you need and your personal email address. Then choose the Personal Loan option.
- Step 4: Select your employment type — Salaried, Self-Employed, or Student — and choose your salary mode as bank or cash.
- Step 5: Enter your work details, including company name, years of service, and designation.
- Step 6: Enter your personal details, including full name, PAN, address, date of birth, and gender.
- Step 7: Enter your communication address and income details, and click the Submit button.
ICICI Bank Personal Loan Customer Care
ICICI Bank provides different support channels to help borrowers with loan queries, application tracking, and service requests.
| Support Channel | Contact Details / Action Path |
| Toll-Free Customer Care | 1800 1080 |
| AI Virtual Assistant | Ask iPal |
| Application Tracking | Online Application Tracker |
| Online Help Portal | Official Customer Care Page |
| Grievance Redressal | Online Complaint Portal |
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