ICICI Bank Personal Loan

Personal Loan

Instant personal loans with easy approval

Interest Rate10.75% - 19.00% p.a.
Loan Amount₹50,000 - ₹50 Lakhs
Tenure1 - 6 years

About ICICI Bank Personal Loan

ICICI Bank offers quick personal loans with instant approval for existing customers. With competitive interest rates and a fully digital application process, ICICI makes personal financing simple and convenient.

Key Features

Instant disbursal for pre-approved customers
100% digital process
No branch visit required
Flexible loan amounts
Choose your EMI date
Insurance coverage options
Balance transfer facility
Part-prepayment allowed

Eligibility Criteria

Age23 - 58 years (salaried), 28 - 65 years (self-employed)
Minimum Income₹17,500/month for salaried
Employment2 years total experience, 1 year current
Credit Score725+ CIBIL score

Documents Required

PAN Card
Aadhaar Card
Last 3 months salary slips
Last 3 months bank statements
Address proof

Fees & Charges

Processing FeeUp to 2.25% + GST
Prepayment Charges5% of principal outstanding
Late Payment Fee₹500 or 2% of EMI
Foreclosure Charges5% of outstanding amount

Pros & Cons

Advantages
  • Quick digital approval
  • Good for existing ICICI customers
  • Competitive interest rates
  • Strong mobile app experience
  • Multiple tenure options
Disadvantages
  • Prepayment charges on the higher side
  • Strict eligibility criteria
  • Processing fee adds to cost
  • Better rates for high-income applicants

Frequently Asked Questions

Pre-approved customers get instant approval. For new applications, decision comes within 1-2 hours if documents are in order. Disbursal happens within 24-48 hours.

ICICI typically requires 725+ score. With 650, you may be rejected or offered higher interest rates. Consider improving your score or trying NBFCs with lower requirements.

Visit iMobile Pay app or ICICI website, check your pre-approved offer, fill basic details, upload documents via DigiLocker, and complete e-verification for instant approval.

ICICI offers tenure up to 6 years (72 months). Longer tenure means lower EMI but more interest paid overall. Choose based on your repayment capacity.
ICICI Bank Personal Loan
  • Interest Rate10.75% - 19.00% p.a.
  • Loan Amount₹50,000 - ₹50 Lakhs
  • Tenure1 - 6 years
  • Processing FeeUp to 2.25%

Secure application. Your data is protected.

Calculate EMI

Affiliate Disclosure: We may earn a commission when you apply through this link. This does not affect the product price or your approval chances.

Explore Other Loan Types

Personal Loan Car Loan Business Loan Home Loan

Disclaimer: Interest rates and terms are subject to change. Loan approval depends on your credit profile and lender's policies. Please verify details on the official lender website before applying.