ICICI Bank Personal Loan

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apply for a ICICI Personal Loan

Personal loans can really come handy when stuck in an emergency. One may also use it for travelling to a dream destination, renovating a house or to consolidate debt across different banks or even credit cards. ICICI Bank's personal loan starts @10.99%*.

ICICI Personal Loan Interest Rates

Charges Charges Details
Interest Rate (Monthly reducing balance) 10.99% - 20.00% Per Annum
Loan Processing Charges Upto 2.25% per annum of loan amount plus GST
Prepayment Charges 5% per annum of principal outstanding plus GST
Loan Tenure Upto 5 years
Colateral Requirement None

Note: Charges are at the discretion of ICICI bank. These are only indicative and subject to changes at any point of time.

Documents Required for ICICI Personal Loans

List of documents for Salaried

  • Proof of Identity:- Passport / Driving License / Voters ID / PAN Card (any one)
  • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Latest 3 months Bank Statement (where salary/income is credited).
  • Salary slips for last 3 months.
  • 2 Passport Size photographs.
loan for salaried individuals

loan for salaried individuals

List of documents for Self-Employed

  • KYC Documents : Proof of Identity; Address proof; DOB proof.
  • Proof of Residence:- Leave and License Agreement / Utility Bill (not more than 3 months old) / Passport (any one).
  • Income proof (audited financials for the last two years).
  • Latest 6 months Bank statement.
  • Office address proof.
  • Proof of residence or office ownership.
  • Proof of continuity of business.
ICICI Bank Personal Loan Interest Rates
Know all about ICICI Bank's personal loan interest rates for corporates and salaried individuals. Visit

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For your ease, we have create an easy to read table for persoanl loan EMI For Rs 1 lakh @10.99%p.a.

LOAN AMOUNT INTEREST RATE TENURE MONTHLY LOAN INSTALMENT(Rs.) TOTAL INTEREST AMOUNT(Rs.) TOTAL AMOUNT REPAID(Rs.)
1,00,000 10.99% 1 yr 8,838 6,051 1,06,051
1,00,000 10.99% 2 yr 4,661 11,848 1,11,848
1,00,000 10.99% 3 yr 3,274 17,843 1,17,843
1,00,000 10.99% 4 yr 2,585 24,036 1,24,036
1,00,000 10.99% 5 yr 2,174 30,425 1,30,425

Note: Charges are at the discretion of ICICI bank. These are only indicative and subject to changes at any point of time.

ICICI Personal Loan Eligibility

As per ICICI Bank norms, the following are the eligibility criteria for applying for a personal loan

For Salaried Individuals

1. The age of the loan applicant must be between 23 years and 58 years.
2. Minimum Net Monthly Income of the applicant should be ₹ 17,500/-
3. For Delhi & Mumbai applicants the minimum Net Monthly Income ₹25,000/-
4. For Bangalore, Chennai, Hyderabad, Kolkata or Pune applicants the minimum monthly income of ₹20,000/-
5. Minimum 2 years of work experience with at least 1 year of work experience with the current employer

Self-employed Individuals and Working Professionals

1. The age of the loan applicant must be between 28 years and 65 years (Minimum 25 years for Doctors)
2. Minimum turnover of the business of the applicant must be ₹40 lakhs in case of non-professionals
3. Minimum turnover of the business of the applicant must be ₹15 lakhs in case of professionals
4. Minimum profit must be ₹2 lakhs for self-employed individuals and proprietors (tax excluded)
5. Minimum profit must be ₹1 lakh for non-professionals (tax excluded)
6. Minimum 5 years experience in business (3 years for doctors)
7. The applicants should have a relationship with the ICICI bank for a minimum of 1 year like an account holder or an existing loan customer wherein the loan is either running or would end in the initial 36 months of the loan tenure

Personal Loan EMI Calculator
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