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ICICI Bank Personal Loan Apply Online @11.25%

4.7 stars based on 153 reviews

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Choose an amount between ₹50,000 and ₹5,000,000.

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Interest Amount (₹64,888)
Loan Amount (₹5,00,000)
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11.49% - 17.85%



upto 2.5%

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ICICI Bank Personal Loan Details

ICICI Bank Personal Loan Overview

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.

ICICI Bank Personal Loan Details

Institution Type: Bank

Minimum Loan Amount: ₹50,000

Maximum Loan Amount: ₹2,000,000

Minimum Tenure: 12 months

Maximum Tenure: 60 months

APR: 11.25% to 22.00%

Fees & Charges: Up to 2.25% + GST as applicable

Features of ICICI Bank Personal Loan

  • Multi-purpose loan.
  • Avail personal loan up to ₹2,000,000.
  • 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.

ICICI Bank Personal Loan Eligibility Criteria


23 years - 58 years

Minimum Income

Salaried individuals with minimum monthly income ₹17,500 (₹25,000 for applicants residing in Mumbai & Delhi; ₹20,000 for applicants residing in Chennai, Hyderabad, Bangalore, Pune & Kolkata)

Total years in job/profession

2 Years

Years in current residence

1 Year

For Salaried Employees:

  • The personal loan applicant at ICICI Bank should be of a minimum age 23 years and maximum age up to 58 years.
  • The person should have a minimum monthly income of ₹17,500.
  • If the person lives in in Mumbai or Delhi then they should have at least a minimum monthly salary of ₹25,000 per month.
  • If the applicant is residing in Hyderabad, Kolkata, Bangalore, Chennai or Pune then they should have minimum monthly income of at least ₹20,000 per month.
  • The individual should have totally more than 2 years of work experience.
  • He/ she must also have minimum 1 year work experience with their current employer.

For Self-employed Individuals:

  • The minimum age requirement for self-employed applicants is 28 years and the maximum age limit is 65 years.
  • In case if the individual is a doctor then minimum age is just 25 years.
  • The minimum return from the business of applicant should be, per audited financial statements, in case of non- professionals - ₹4,000,000 and in case of professionals- ₹1,500,000.
  • The least profit after tax should be of ₹200,000 for self-employed proprietors and individuals while it has to be a minimum of ₹100,000 for non-professionals.
  • 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.

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.

ICICI Bank Personal Loan Interest Rates, Fees & Charges


Salaried Employees

Self Employed Individuals

Interest Rate

11.25% to 22.00%

11.25% to 22.00%

Loan Tenure

From 12 months to 60 months

From 12 months to 84 months

Loan Amount

Min ₹50,000 and Max ₹2,000,000

Min ₹50,000 and Max ₹10,000,000

Processing Fee

Up to 2.25% + GST as applicable

Up to 2.25% + GST as applicable


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 MCLR Rates (updated 23 Mar,2019)





One month


Three months


Six months


One year


ICICI Bank Personal Loan Documents Required

  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)
  5. Self Employed is latest 6 months Bank statement
  6. Documentation for salaried applicants is salary slips for last 3 months
  7. Documentation for self-employed applicants is Income proof (audited financial statements for last two years)
  8. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof
  9. Proof of residence or office ownership
  10. Proof of continuity of business
  11. Office addresses proof.

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.

ReviewsView All

Ashish Narain

2 / 5

Nothing much to say but not a good experience. My loan application was getting processed first for a week, when asked they replied that there was some issue. After 12 days i got the approval mail and the amount was disbursed on the 15th day.
Pratap N. Reddy

4 / 5

Indeed a great service! though the rate of interest was a bit higher but i am satisfied with the service.
Uttam Mahapatara

4 / 5

It was a great work from the finance buddha. I applied for a personal loan through their portal with ICICI bank. The process was online and my loan was disbursed within 10 days.
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