ICICI Bank Personal Loans

ICICI Bank Personal Loan

11.59% - 22%

Fixed

Processing Fee
2.25

Tenure
1 - 5 Years

ICICI Bank Personal Loan

ICICI Bank Personal Loan at a glance

Annual Interest Rate

10.99% - 22.00%

Loan Term

12 Months - 60 Months

Loan Amount

Up to Rs. 20 Lacs

Time of Funding

Within 72 hours

After receipt of the complete documents

Pre-Payment Charges

5% per annum of principal outstanding

Documentation

  • Personal Loan Application along with 2 Passport Sized Photographs
  • Residence proof (any one of the following): Passport / Ration Card / Electricity bill / Landline telephone bill
  • Identity proof (any one of the following): Passport / Driving License / PAN Card / Aadhaar card along with Employee ID Card
  • Age Proof (any one of the following): Voter ID / PAN Card / Aadhaar card
  • Income Proof (any one of the following): Latest payslip of last 3 months / Form 16 / Copy of Latest ITR along with Bank statement of the last 3 months

Additional Documents for Self-Employed Applicants

  • Bank statement of the last 6 months
  • Office Address Proof
  • Proof of residence or office ownership.
  • Proof of continuity of business.

Compare ICICI Bank Personal Loans to Other Banks

Bank Name ICICI Bank

APR

10.99% - 22.00%

Maximum Lending Amount

Rs. 20 Lacs

Processing Fee

Upto 2.25% per annum of the loan amount

Pre-Closure

5% per annum of principal outstanding

Lending Terms

  • Interest Rate Range: 10.99% - 22.00% per annum
  • Loan Amount: Up to Rs. 20 Lacs
  • Loan Duration: Minimum 12 Months to Maximum 60 Months
  • Loan Disbursement: Within 72 hours of Loan Approval

ICICI Bank Personal Loan Rate of Interest

Personal Loan Type Applicable Interest Rate

ICICI Bank Personal Loan

10.99% - 22.00% per annum

ICICI Bank Personal Loan Top Up

10.99% - 22.00% per annum

ICICI Bank Personal Loan for NRIs

15.49% - 22.00% per annum

ICICI Bank Personal Loan for Freshers

10.99% - 22.00% per annum

Loan Offerings

ICICI Bank Personal Loan

  • Interest Rate Range: 10.99% - 22.00%
  • Loan Amount: Up to Rs. 20 Lacs
  • Loan Duration: 12 Months - 36 Months
  • Processing Charges: Upto 2.25% per annum of the loan amount

ICICI Bank Personal Loan For Freshers

  • Interest Rate Range: 10.99% - 22.00%
  • Loan Amount: Up to Rs. 1.50 Lacs
  • Loan Duration: 12 Months - 60 Months
  • Processing Charges: Upto 2.25% per annum of the loan amount

ICICI Bank Personal Loan Top Up

  • Interest Rate Range: 10.99% - 22.00%
  • Loan Amount: Up to Rs. 20 Lacs
  • Loan Duration: 12 Months - 72 Months
  • Processing Charges: Upto 2.25% per annum of the loan amount

ICICI Bank Personal Loan for NRIs

  • Interest Rate Range: 14.85%
  • Loan Amount: Up to Rs. 10 Lacs
  • Loan Duration: 12 Months - 36 Months
  • Processing Charges: Upto 2.25% per annum of the loan amount

FAQs

When can I pre-close my personal loan? What are the applicable charges?

Preclosure of loan can be done at the rate of 5% of the outstanding loan amount after a payment of at least 12 EMIs.

Get waiver on prepayment charges if the prepayment of the loan is done using your own funds. Waiver on prepayment charges is not applicable in the case of balance transfer.

What is the procedure to pre-close my ICICI Bank Personal Loan?

In order to pre-close your personal loan, you need to visit any nearest ICICI branch. You need to provide the following documents to pre-close your loan –

  • Request Letter signed by the loan applicant
  • PAN Card if the mode of payment is cash and the amount is more than Rs.50,000.
  • Payment can be made through cash, cheque or demand draft.
When can I transfer my existing personal loan to ICICI Bank?

Balance Transfer facility can be availed only if you have paid 12 EMIs of your existing personal loan. Please contact your nearest branch or our call center for further details.

How do I update my mailing address, mobile number or e-mail ID registered with the bank?

You may update your mailing address, mobile number or e-mail ID through any of the following modes –

Through ICICI Bank Internet Banking:

  • Login to ICICI Bank Website using your user ID and password
  • Click on the Loans option
  • Click on the Requests option
  • Select the option Request for Address Change or E-mail and Contact Number Updation

Through ICICI Bank Customer Care:

  • Call ICICI Bank 24-hour Customer Care and ICICI Bank Customer Care Executive will be glad to help you. To know the customer care number please clic here.
  • And make a request to change the contact details

At any nearest ICICI Bank branch:

  • Visit any ICICI Bank loan branch with a valid photo ID proof and submit an application.
Who can be my co-applicant?

Co-applicant can be either of the mentioned below:

  • Son or Daughter in case of Proprietorship Firm/ Self-employed Individual
  • Partners with at least 51% Stake to be taken co-applicant in case of Partnership Firm/ LLP
  • Director(s) with at least 51% stake to be taken co-applicant in case of Private Ltd Company
  • One director to be taken co-applicant in case of Public Ltd Company
Do I have to provide any security? If yes then what are the requirements for security for the ICICI Bank Personal Loan?

Security isn't necessary to be eligible to avail ICICI Bank Personal Loan. However, ICICI Bank can accept a security or a third-party guarantee if you want to avail loan amount greater than your eligibility criteria.