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ICICI Personal Loans

Instant Personal Loan approvals from ICICI Bank. Get Up To 15 Lakhs.

ICICI Personal Loan Interest Rates

Get lowest ICICI Bank personal loan interest rates online Now!

ICICI Personal Loan Comparison

Compare ICICI Personal Loan rates, EMI and fees with other bank online.
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ICICI Bank personal loan

salaried self employed

Compare Personal Loan Offers, Apply Online and Save Thousands of Rupees

 
Interest rate: 14% onwards
Max funding: upto 10 lakhs
Processing fees: 3% of loan amount
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Interest rate: 14.25% onwards
Maximum funding: upto 15 lakhs
BankBazaar savings: upto Rs.10,000
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Interest rate: 21% onwards
Maximum funding: upto 10 lakhs
BankBazaar savings: upto Rs.10,000
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ICICI Bank Personal Loan Overview

ICICI Personal Loans for urgent cash needs.

ICICI Bank Personal Loans are absolutely hassle free with minimum documentation you can now secure a Loan for an amount upto Rs.15 lakhs with ICICI Bank. Check your Eligibility Now!

Fill the form above and check your personal loan eligibility instantly.

Benefits of ICICI Personal Loans:
  • Flexible Repayment options, ranging from 12 to 60 months.
  • No security or collateral is required to get a ICICI personal loan
  • Borrow up to Rs 15,00,000 for any purpose depending on your requirements.
  • Minimal documentation and quick approvals
  • Repayment through easy EMI’s

ICICI Personal Loan Facts:
  • Take a personal loan only when you cannot borrow from friends & family.
  • Always compare personal loan offers from various banks.
  • Check your eligibility Compare interest rates, Processing fees, prepayment charges & Calculate EMI before signing the personal loan agreement.
  • Make sure you don’t default your payments which can impact your CIBIL credit score. A CIBIL credit score above 800 will help you get quick approvals for personal loan, home loan or car loan. A score of 100 will result in immediate personal loan rejection.

ICICI Bank Personal Loan FAQs

  1. What are the minimum and maximum loan amounts?
    You can avail of loans ranging from Rs 50,000/- to Rs 10,00,000/- depending on your eligibility, income and repayment capacity.

  2. What are the loan tenure options?
    The loan can be repaid over a period of 12 to 48 months.

  3. Are there any additional charges?
    A processing fee of 2% or 3% depending on the location, of the loan amount is payable upfront. This fee will be deducted from the disbursal amount payable to you.

  4. How much time will it take for my loan to be approved?
    Loans are approved within 72 hours of submission of complete documentation.

  5. Do I have to provide any security, collateral or guarantors?
    No security, collateral or guarantors are required for obtaining Personal Loans.

  6. How do I repay the loan?
    You can repay the loan in Equated Monthly Installments (EMI's) through post-dated cheques favouring ICICI Bank Limited, or if you have an ICICI Bank account you can mandate us to directly debit the same.

  7. Can I prepay my loan?
    Yes, you can prepay the entire loan outstanding anytime after paying 6 installments. Prepayment charges as applicable would be levied on the outstanding loan amount. No part prepayment is allowed.

  8. Do you offer Top Up loan on existing Personal Loan?
    We are sorry to inform you that ICICI Bank is currently not offering the 'Top- up loan' facility on existing Personal Loan relationships.

  9. Can I get a Personal Loan for business purpose?
    No, ICICI Bank do not offer Personal Loan for business purpose or to self employed individuals.

ICICI Bank Personal Loan Eligibility & Documentation

ICICI Bank Personal Loan Eligibility:

  • Aged between 23 yrs. - 58 yrs.
  • Net monthly income - Rs. 20,000 p.m.
  • 2 years in total job.
  • 1 year in current residence.

How is your ICICI Bank Personal loan eligibility determined?
Based on the following aspects ICICI Bank will determine your loan eligibility:

  • Your monthly income
  • Total experience
  • Other EMI’s which you are paying for any other loan

Fill the form above to check your actual personal loan amount eligibility.


ICICI Bank Personal Loan documentation:

  • Proof of Identity (any one) Passport / Driving License / Voters ID / PAN Card
  • Proof of Residence (any one) Ration Card / Utility Bill / Passport / LIC Policy Receipt
  • Latest 3 months Bank Statement (where salary/income is credited)
  • Salary slips for last 2 months

ICICI Bank Personal Loan Interest RatesUpdated on 22 May 2012

Details of ICICI Bank Personal Loan

ICICI Bank Personal Loan Interest Rate
(Monthly reducing balance)
14% to 21% floating. Check Customized Interest Rates Now!
Processing Fees
2% to 3% of loan amount
ICICI Bank Personal Loan Tenure
1 year to 4 years
ICICI Bank Personal Loan Amount
Rs. 1 lakh to Rs. 10 lakhs
Pre-closure Charges
4% of pre-closed amount
Guarantor Requirement
No guarantor required

Personal Loan Articles

  • Pointers for your personal loan!
    Evaluate all loan offers. The first condition for loan offer selection is the total money outflow that the loan will cost. The second factor is the EMI. A loan offer with a lower EMI and a longer tenure may seem attractive, as it could be easy on your purse strings, however not all such loans prove to be cost effective in the long run.
  • Alternatives to a personal loan!
    Whenever people have a requirement for some urgent cash and cannot come up with the amount needed with the resources they have, they inadvertently apply for a loan from a bank. Getting a loan today has become very easy, what with the stiff competition prevalent among different banks.
  • A personal loan? Think twice!
    Personal loans are the one of the most widely chosen options, in case you are in a spot and need some urgent cash. However, personal loans are tricky and you need to know as much as possible about their basics before applying for one. Let’s start with some common questions.
  • LAP vs. Personal loan
    LAP (loan against property) is one of the cheapest retail loans after home loans; usually in the range of 12% – 16%. Since the rate of interest is lower, frequently LAP Equated Monthly Installments (EMI) turn out cheaper.Maximum loan eligibility is determined primarily by the value of the property and income.

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