Apply for ICICI Bank Personal Loan Online

Interest Rate EMI
11.49% - 17.85%


2,199 - 2,531

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter. 0% if loan amount >10 lacs

Part-Payment Option

Not available

Max Eligibility: 40,00,000


Increase tenure to reduce EMI/maximize Eligibility.

Interest Rate EMI Processing Fees
11.49% - 17.85%


2,199 - 2,531

(per Lakh)

ICICI Bank Personal Loan

Are you dreaming of a vacation, a grand wedding for your daughter and house renovation and need money? There is no other easy and genuine way of getting the desired money than a personal loan and in ICICI bank the loan amount will be credited to your accounts within couple of days if the applicant has all necessary documents and meets the criteria. The banks features, benefits, fees, charges, interest rates and other details are as mentioned below.

Features of ICICI Bank Personal Loan

  • Multi-purpose loan.
  • Fixed rate of Interest that is the interest percentage charged on the loan amount monthly reducing basis is fixed.
  • Flexible tenures to the maximum of 60 months
  • No security or no collateral.
  • Loan payable option in installments.
  • Repayment through ECS, PDC and Auto-debit.

Benefits of ICICI Bank Personal Loan

  • ICICI Bank is offering fixed rate of interest for Personal loan, by this the interest remains same throughout the tenure of the loan
  • In order to get ICICI Personal Loan the applicant does not have to go through too much documentation process.
  • This bank facilitates fast loan approval and disbursal of the amount
  • It offers an option to directly credit the loan amount through Fund Transfer (FT)
  • ICICI bank provides simple payment options such as ECS, PDC and AD.
  • If all criteria are met disburse of the money can happen within 72 hours of document submission.

Why should you choose ICICI Bank Personal Loan?

There are more than enough reasons to choose ICICI personal loan, a few of the same is listed below. This bank does not have special usage list for personal loan amount, thus it can be used for:

  • A monetary aid for the renovation of your house.
  • To meet wedding expenses one of the important and expensive days.
  • To buy a new iPhone.
  • To plan and spend holidays with the family.
  • To simply pay off credit card bills or other debts.
  • To meet business requirements such as advertisements or new table tennis table for the team.

How to apply online for ICICI Bank Personal Loan?

Applying for a personal loan through Finance Buddha is pretty easy. All you need to do is complete the below 3 steps.

Step 1: The applicant must fill the eligibility form with correct and up-to-date personal data including their financial records such as salary or monthly income, any liabilities etc. Once this is submitted, the Finance Buddha tool automatically considers the personal loan eligibility factors of the applicant and tailored personal loan options will be displayed instantly.

Step 2: As the second step, you are provided with a list of banks for loan as per your financial history and other credentials. You can compare various options and choose the appropriate one.

Step 3: As the third and last step, the applicant will receive an instant e-approval from Finance Buddha after submission of personal loan online application.

Step 4: Soon after your e-approval, you will recieve a call from one of your executives, confirming your application and other related important details about the same. Should you choose to agree, an appointment will be fixed with one of our executives to pickup the documents.

Step 5: We will fill up and submit your application to the bank with all the required documents. 

Step 6: Bank may call you and verify the application with you and may verify the address. 

Step 7: Once your address and other details are verified, the bank will disburse the loan amount to your account.


Eligibility Criteria for ICICI Bank Personal Loan

For Salaried Individual:
  1. The personal loan applicant at ICICI Bank should be of a minimum age 23 years and maximum age up to 58 years.
  2. The person should have monthly income of INR 30,000 plus.
  3. If the person lives in in Mumbai or Delhi then they should have at least a minimum monthly salary of INR 35,000 per month.
  4. If the applicant is residing in Hyderabad, Kolkata, Bangalore, Chennai or Pune then they should have minimum monthly income of at least Rs. 30,000 per month.
  5. The individual should have totally more than 2 years of work experience.
  6. He/ she must also have minimum 1 year work experience with their current employer.
To simplify:
Age 23 years - 58 years
Minimum Income Salaried individuals with minimum monthly income Rs.30,000 (Rs.35,000 for applicants residing in Mumbai & Delhi; Rs.30,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata)
Total years in job/profession 2 Years
Years in current residence 1 Year
For Self-employed Individuals 
  1. The minimum age requirement for self-employed applicants is 28 years and the maximum age limit is 65 years.
  2. In case if the individual is a doctor then minimum age is just 25 years.
  3. The minimum return from the business of applicant should be, per audited financial statements, in case of non- professionals - Rs. 40 lakhs and Rs. in case of professionals- 15 lakhs.
  4. The least profit after tax should be of Rs. 2 lakhs for self-employed proprietors and individuals while it has to be a minimum of Rs.1 lakh for non-professionals.
  5. The person applying for personal loan has to be in the current business for at least 5 years. And in case of doctors, they must have been in the business for a minimum 3 years.
  6. The individual also should have had an association or connection with ICICI Bank for at least a year, this relationship can be of a savings bank account, current account or another loan.

Documents Required for ICICI Bank Personal Loan

  1. Fully filled and signed application form with photograph
  2. Copy of passport, voter ID card, and driving license
  3. Processing fee cheque
  4. Salaried is latest 3 months Bank Statement (where income/ salary is credited) and for Self Employed latest 6 months Bank statement
  5. Documentation for salaried applicants is salary slips for last 3 months
  6. Documentation for self-employed applicants is Income proof (audited financial statements for last two years)
  7. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof
  8. Proof of residence or office ownership
  9. Proof of continuity of business
  10. Office addresses proof.

ICICI Bank Personal Loan Interest Rates, Fees & Charges

Facility Salaried Self Employed
Interest Rate 11.49% - 22.00% 16.85%
Lowest EMI INR 2,199 per lakh NR 2,035 per lakh
Loan Tenure From 12 months to 60 months From 12 months to 84 months
Loan Amount Min INR 100,000 and Max INR 2,500,000 Min INR 50,000 and Max INR 10,000,000
Processing Fee 0.25% to 1.50%; Min - INR 999 2%
Age Min 23 years and Max 58 years Min 25 years and Max 65 years
Prepayment Charges Not allowed Not allowed
Foreclosure Charges Allowed after 6 EMI's, 5% prepayment charges applicable Allowed after 6 EMI's, 2% in case of Balance Transfer

ICICI Bank Personal Loan Details
Interest Rate (Monthly reducing balance) 11.49% to 18.49%
Processing Fees INR1149 to 2.5% of the loan amount
Loan Tenure 1 year to 5 years
Pre-closure Charges Pre-closure permitted after 6 months. 5% of principal outstanding (plus ST)
Guarantor Requirement No guarantor required

MCLR Benchmark Tenure (Period) Benchmark Rates (MCLR)
Overnight 8.95%
1 month 8.95%
3 months 9.05%
6 months 9.10%
1 year 9.15%

Frequently Asked Questions

What is the maximum tenure for which a personal loan can be availed with the ICICI Bank?

ICICI Bank provides personal loans for tenure of 12 to 48 months and in certain cases it will be extended up to 60 months.

Is the Finance Buddha site free for all personal loan investigation and for applying?

Yes. It is absolutely free. This platform is to just render services to each and every customer who is out there looking for value added information about personal loan of various banks.

Is there a way to track loan application?

Yes, absolutely, you just have to simply opt for this option and the information will be shared through phone messages or emails. This is also free and there are no charges at all.

Is my information safe with Finance Buddha?

Yes, none of our customer’s information is shared with any third party apart from the financial institutions or banks that you have applied the loan for. Confidentiality breach is never an issue with Finance Buddha.

Is there a way to check loan status online?

Yes, the status can be checked on the official portal, ‘Track Application Status Online’ will help you to track up-to-date status of the loan and accordingly process and proceed with other requirements.

Usually how many days are required for a personal loan approval and for the disbursement of amount?

Though it is totally dependent on the individual’s application and eligibility, it is vary between 2 days to 20 days.

Where can I get the loan application form?

This form is made available in the home page of the website, give the necessary loan application information and click on ‘Apply Now’.

Is there a top-up loan option for personal loans at ICICI bank?

Yes, of course. As long as the payment tracks are good and accurate with necessary CIBIL score. Top-up will be provided immediately with just 2-3 documentation.

Need for CIBIL score in ICICI personal loan applications?

CIBIL score is the point of reference which ICICI Bank and other banks use to determine the credit worthiness of any applicant. Without having the minimum score of CIBIL, the possibility to get a loan is very less.

What is the average processing time for a personal loan in ICICI bank?

Though it is totally dependent on a case by case basis of the application and eligibility, average processing time is 72 hours.

Reviews   4.81 stars, based on 118 reviews

Thank you Finance Buddha for helping me with my personal loan application with ICICI bank.


I am glad to choose ICICI bank for personal loan over many other available options.


I am recommending ICICI bank personal loan to everyone due to their quick response & reasonable rate of interest.


Thank you Finance Buddha for helping me with the documentation and everything when I was applying for ICICI bank personal loan.


There was an instant response from ICICI bank when I approached them for the personal loan. My loan application was closed with the bank soon after I submitted all the required documents. The interest rate of personal loan is also nominal.


I was searching for some sources of short term finance. I went to Finance Buddha website where I read tremendous features of ICICI personal loan. The Finance Buddha site redirected me to ICICI bank personal loan. ICICI Bank offered me personal loan at 11.25% interest rate, I got this offer on the basis of my employer. The executive contacted me and explained the details of the loan offer. I could actually arrange for funds from different source so I did not take the loan. In case in future I have any requirement I would like to apply in ICICI bank.


My personal loan got approved in 3 days & I was having money in my account on the 5th day of the application. I am really happy with the service provided by ICICI Bank was really good. The customer service provided was really good. The interest rate offered was really good and the charges applied were also best. I will surely recommend about ICICI Bank to others regarding the loan. I am really thankful to Finance Buddha team for advising me to apply for ICICI personal loan instead of anywhere else.


I was looking for a personal loan as I was trapped with lot of undefined expenses around. I went to Finance Buddha website for collecting some information about personal loan. The executive of finance Buddha guided to me to opt for ICICI bank personal loan. Customer service was very nice and good in ICICI bank. Infect they are very prompt in responsiveness as in next two days they called me and amount was settled on same day. Documentation was completed in one shot. Follow up was not required as they kept following me regularly. I would appreciate the coordination of ICICI bank and satisfied with the personal loan services.


ICICI bank provided me with personal loan in a very short period of time and I appreciate their turnaround time. An executive clearly described me the list of required documents. Processing charges are very transparent unlike other financial institutes & banks. The feature that can directly credit the loan amount in your account is amazing.


I have transferred my personal loan from the Axis bank to the ICICI bank. There are no charges from the ICICI bank for transferring the loan. The documentation process is easy with them. There is no agreement with them. The rate of interest is around 12% and I am really happy about it. The services are good with them. The reason why I transferred my personal loan was that I have read at Finance Buddha that the interest rate throughout the loan remains constant at ICICI bank & a friend of mine have taken personal loan from ICICI bank & she was very pleased.


It was a very wonderful experience with ICICI Bank for the personal loan. I got the loan within one week after submission of all the documents and the executive came to my place and collected the same. I did not have to visit the bank even single time. I got a rate of 12.75%. The best part of the loan was that the interest rate remains constant throughout the loan tenure which is very unusual.


It was a pleasant experience with ICICI Bank for the personal loan. I was recommended ICICI bank by Finance Buddha team. I captured the personal loan information from Finance Buddha portal. The process was smooth and the rate of interest was around 12.75% which was pretty competitive. The processing charges were also very low which was surprising to me.


ICICI bank staff was very supportive; The Representative collected the documents within 4 days and started working on it. The loan was disburse in my account within 4 days.i did not have to bother about chasing the bank executive to tell me the progress of my loan as they were informing me about every process step. ICICI offered the interest of 12.5% as per my requirement and with the processing fee of Rs.4400. I have taken the loan amount of Rs.2.5 lakhs with the tenure of 5 years.


After my inquiry was done, I went ahead with the ICICI bank for the personal loan; also I can say it’s my second personal loan with them. Since the previous experience was good and the longtime relationship made me to be held up with them. I can say ICICI bank is the best one and the interest rate is really good.


Have taken personal loan form ICICI bank in past directed by Finance Buddha. Right now I am not in need of a personal loan and I am looking out for a housing loan. ICICI bank functions very well. I have recommended 2 to 3 people to ICICI.


I have 5 years old relation when it comes to ICICI bank. I am very satisfied customer not to mention have closed all the accounts of other banks after the services from ICICI bank. I have applied for ICICI bank personal loan 2 months back. My loan was disbursed in 5 days. I did not have to submit any document as all the required documents were uploaded online. Definitely 5 stars to ICICI bank personal loan.


I have ongoing personal loan with ICICI bank. The rate of interest offered was as loan was 11.85% which is wonderful. The processing charges were also very low. I am really very satisfied with the services of ICICI bank. Their staff is so cooperative & helping. Their executive even helped me after the loan was already disburse in my account.


I have read great reviews by the existing customers of ICICI bank personal loan at Finance Buddha portal. I applied for personal loan through Finance Buddha & the process was so easy & smooth. The Finance Buddha team guided me for document preparations & sent their executive at my door step for collecting the document. I even did not realize that the loan process was completed. Loan was credited to my account in four days which is awesome.


A friend of mine suggested me to log into Finance Buddha portal when I wanted the information about personal loan. I was amazed by the detailed information that they have on their portal. It is very genuine & helpful. I chose ICICI bank for applying for personal loan as they were having good interest rate & processing charges compare to other financial institutes.


If you are looking for a smart way to get the personal loan than ICICI bank personal loan should be your first preference. Their online processing is so ahead of time. You do not have to call to bank executive all the time to know your loan status instead they will inform you thorough SMS or Email. I am very thankful to Finance Buddha team for guiding me & advising me to go ahead with ICICI bank personal loan when I was in need of personal finance.


I am very satisfied when it comes to ICICI bank. I took personal loan from ICICI bank a year ago. The rate of interest offered to me was as low as 12% which is amazingly competitive. They waive off my processing charges as I was their existing customer. I am recommending ICICI bank personal loan to all my friends. The process was very easy & smooth.


The online application process at Finance Buddha is really fast. I got the ICICI personal loan offer in 24 hours & within three day the loan was credited in my account. I am very thankful to Finance Buddha for making life so easy & convenient. The interest rate & processing charges were very reasonable from ICICI bank.


I am very happy with the personal loan experience of ICICI bank. I wanted a personal loan for bigger amount & with the facility of easy foreclosure. I choose ICICI bank as they do not have any foreclosure charges. I am suggesting ICICI bank personal loan to everyone in need of personal loan.


I was in need of quick loan for supporting the wedding of my sister. Finance Buddha executive suggested me to apply for ICICI personal loan as they have very quick process & as he rightly suggested they disburse my personal loan on 3rd day of application. The process was less time consuming & hassle free.


I went to Finance Buddha portal for gathering some information bout personal loan than I come across the features of ICICI personal loan. The process for application is very smart. Everything is online at Finance Buddha. I applied for loan through the portal. The executive came to my place for document collection. The processing charges were very nominal compare to many other banks & financial institutes.


I went to Finance Buddha for applying for personal loan. I chose ICICI bank over many other banks & financial institutes as processing charges were very low compare to others. They even offered me the same amount I was in need of.


My experience with ICICI bank is not very charming. A friend of mine suggested me to go ahead with ICICI bank as he is having an ongoing personal loan from ICICI bank but my experience was not as good as him as there was delay in disbursing the loan & I was in need of quick money.


The services are good from ICICI bank was charming, rapid and stress-free. They made my process convenient by coming over and taking my documents and paying my personal loan on time. I got the best deal on the rate of interest and the processing charges too.


It was a very easy and convenient process for the personal loan. I got it in less than a week. The executive came over to my place and collected the documents. The rate of interest and processing charges was also normal with ICICI bank. I am happy with the services overall.


It was a fast process with ICICI Bank for the personal loan application. They sanctioned me the exact amount I was in need of. Documents required are very easy & the process is not At all complicated. The interest rate and the processing charges were normal when compared to other banks. Their customer care services are also very amazing.