ICICI Bank Personal Loan

About ICICI Bank Personal Loan

Personal Loans are a way to meet financial needs during an emergency. It is an unsecured loan and can be used for marriage expenses, paying the medical bills, going for your dream vacation or renovating your home.

Irrespective of what your personal financial goals are, ICICI Bank Personal Loan offers you the perfect solution. A Personal Loan from ICICI Bank helps you meet your diverse financial needs; you can avail of loan up to Rs 20 lakhs and meet the personal exigency that can crop up anytime in life.


  • Must be aged between 23 -58 years
  • Salaried
  • Salaried individuals with minimum monthly income INR 30,000
  • Total years in Job/Profession - 2 years minimum
  • Years in current residence - 1 year
  • Self employed -
  • Age - 28 years (self employed individuals) and 25 years (for doctors); Maximum age - 65 years
  • Minimum Turnover - INR 40 lakhs for non-professionals; Rs. 15 lac for professionals; as per audited financials
  • Minimum Profit After Tax - INR 2 lac for Proprietorship Firm/Self employed Individuals and INR 1 lac for non-professionals as per audited financials
  • Business Stability - In current business for at least 5 years and minimum 3 years for doctors
  • Existing relationship with ICICI Bank - Minimum 1 year liability relationship (current or savings account) or Asset relationship (loan) either live or closed in the last 36 months; repayment track as required

Interest Rate

11.25 %

Processing Fee

INR 1999*


5 years

Fee And Charges ICICI Bank Personal Loan

Personal Loan Fee TypeCharges
Processing FeeINR 1999*
Tenure5 years


  • Debt Consolidation

  • House Renovation

  • laptop

  • Medical Expenses

  • Mobile

  • Marriage

  • Education

  • Travel

  • TV

  • Used Car

  • Two Wheeler


Debt Consolidation

House Renovation


Medical Expenses






Used Car

Two Wheeler

Documents required

  • Passport size photo
  • KYC documents or Video KYC
  • last 6 months bank statement
  • last 3 months income statement
  • ICICI Bank relationship manager will contact the customer for the documents required for Personal Loan application

Preclosure & Other Charges

  • Pre-closure - 5% p.a. of principal outstanding amount + GST
  • Processing Fees - Up to 2.25% p.a. of the loan amount + GST
  • Late payment charges- 2% of the overdue amount per month
  • Repayment mode swap charges - INR 500 per transaction + GST
  • EMI bounce charges - INR 400 per bounce + GST
Customer Care Number
1860 120 7777


By opting for ICICI Bank Personal Loan, you are eligible to apply for up to INR 20 lakh for your Wedding, Holidays, Home Renovation, medical emergencies etc.
Your minimum eligible income is based on your locality, if you are living in cities like Delhi & Mumbai then your monthly salary must be at least INR 25,000. For Hyderabad, Chennai, Kolkata, Bengaluru and Pune, you must have a minimum income of INR 20,000 per month and INR 15,000 per month for other cities.
If you have an existing account with ICICI Bank, the loan amount can be repaid using direct debit facility. You can also repay the loan amount through Equated Monthly Instalments (EMIs). If the EMI payments held with other Banks, it can be done through NACH (National Automated Clearing House).
Yes, ICICI Bank helps customers to find out solutions for their queries. They can call ICICI Bank at 1860-120-7777 (toll free) as well as request a callback by visiting the bank’s website. They can also visit their nearby ICICI Bank branch to get the queries resolved.
Being one the most trustworthy banking organizations in India, ICICI Bank also helps you to avail a personal loan for your immediate needs along with many benefits, which are:• The funds get directly credited to your account within few seconds, once your application gets approved• Enjoy the flexibility of selection of loan tenure. You can apply for a personal loan from 1 to 5 years.• The ICICI Bank requires you to submit minimal documentation to apply for a personal loan.• Applying for a personal loan at ICICI Bank assures you that the interest rate is fixed and it remains constant throughout the loan tenure.• There is no requirement for any collateral or security to apply a personal loan.

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