Apply for ICICI Bank Personal Loan Online   4.8 stars, based on 136 reviews

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 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 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

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.

To simplify:


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 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 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.

ICICI Bank Personal Loan Interest Rates, Fees & Charges (updated 16th January, 2019)


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 Personal Loan Details

Interest Rate (Monthly reducing balance)

11.25% to 22.00%

Processing Fees

Up to 2.25% + GST as applicable

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

ICICI Bank MCLR Rates (updated 16th January, 2019)





One month


Three months


Six months


One year


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.


If you are looking for a personal loan in Bengaluru then you should go with ICICI Bank. It’s the bank which offers you loan at a reasonable interest rate and low processing fees. My loan with ICICI bank was approved within 3 working days and I got the money on the 5th day.


One of my friend suggested me to go through the Finance Buddha portal. I went through the portal and found that the information provided on the portal was 100% accurate and reliable and is enough for anyone to clear all the doubts regarding the loans or finance. I used the information and went with ICICI bank for the personal loan.


Thank you Finance Buddha and ICICI Bank for helping me with my personal loan. Only with the help of the Finance Buddha executives I was able to complete the documentation process they guided me whenever it was required. My loan was approved by the ICICI Bank. And the approval took only 3 working days.


The services at ICICI Bank is good enough. The complete process from documentation to the approval to loan is completely smooth and stress free. The interest rate offered to me is 14% P.A and the processing fees was 2.5%. I got the money in my account on the 5th day. I will give 4 stars to ICICI Bank.


I visited finance Buddha website for a personal loan. There I compared many banks regarding the interest rate, the time period and the processing charges and after comparing I found that ICICI bank is best among all. I applied the loan with the ICICI bank. My loan was processed in only 2 days. The documentation process was also quick.


I am satisfied with the service provided by the ICICI Bank. My personal loan was approved by them in only 4 working days. The interest rate offered was reasonable and the processing fees was also low. I will suggest if you are in a need of loan then go with ICICI Bank. They will not let you down.


ICICI Bank is best among all. Its top priority is to satisfy their customer. I can say this as I am having a currently ongoing loan with bank. The bank staff helped me throughout the process and provided me the correct information regarding the charges, documents etc. I am very happy with their service.


I applied my personal loan with ICICI bank. And my loan was approved in a short period of time. The interest rate offered was also affordable to me and the processing charges were also so. I will recommend ICICI to others also.


I have transferred my personal loan from AXIS Bank to ICICI Bank by a debt consolidation loan. I have done this because of the low interest rates as compared to the other bank. And I am satisfied with my decision. There was no charge for the transferring of the loan. The Finance Buddha executives helped me in the documentation process. With the transfer of the loan I am able to save some amount of money.


My personal loan was approved by ICICI Bank. The approval took 4 days and on the 5th day I was having the money in my account. This happened because the documentation process was very fast even though it was fast it was very smooth. The executives of Finance Buddha were very soft spoken and helpful. I am thankful to Finance Buddha for their help.


I am thankful to Finance Buddha for helping me in the documentation process with ICICI bank. With the help of ICICI and Finance Buddha I was able to get my personal loan on time. The amount came in my account in 4 days after I applied for the loan. I will give 5 starts to Finance Buddha as well as to ICICI.


I am having my personal loan with ICICI Bank. One of the benefit of taking personal loan is that no security and collateral is required. My loan with ICICI was approved in 5 working days. The entire process of documentation was smooth and hassle free.


I am fully satisfied with the service provided by the ICICI Bank. I am having my personal loan with ICICI. After I applied for the loan the documentation process started quickly and the executives of finance Buddha helped me a lot in this. My loan was approved in 6 working days.


I went to the Finance Buddha website and compared all the banks for the personal loan. I found ICICI best among the other banks. The reason behind this is its low and fixed interest rates. I have applied my personal loan with ICICI only. And there was quick processing and fast disbursal.


I thank Finance Buddha and ICICI for helping me when no was there for me. I need money for the marriage of my daughter and ICICI helped me in getting the money on time. I applied for a personal loan with the ICICI bank and they approved it very fast. I will recommend ICICI to others also who are in need of money.


Personal loan is one of the easy and genuine way of getting desired money. And with the help of ICICI I was able to get the money in time of need. I applied for the personal loan with ICICI Bank. And I am very happy as my loan approval took only 6 working days.


I applied for my loan with Finance Buddha. My loan was approved by the ICICI Bank. The interest rate offered by them to me is 15% P.A. and the processing fees is 2.5% which is affordable by me.


I am having my personal loan with ICICI Bank. The bank facilitates quick personal loan approval and fast disbursal of the loan amount. I applied my loan on 1st May 2017 and my loan was approved on 4th May. There was very quick process. I am thankful to ICICI for this.


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.