ICICI Bank Personal Loan

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About ICICI Bank

ICICI Bank is India's largest private sector bank. ICICI Bank was established as ICICI Limited in 1994. ICICI Bank offers an extensive range of banking products and financial services to its retail and corporate customers through several delivery channels and its group companies. 

ICICI Bank Personal Loan

About ICICI BANK Personal Loan

ICICI Bank is India's one of the largest private-sector or banks and also one of the largest providers of personal loans in India. ICICI Bank offers personal loans to help borrowers fulfill their immediate requirement for cash. You can avail ICICI Personal Loan to fulfill your dream of vacation or buying your desired gadget. You can also plan your perfect wedding with ICICI Personal Loan.

ICICI Bank Personal Loan features and benefits

  • You can avail ICICI personal loan with maximum loan amount up to 40 Lakhs.
  • You can avail loan without any security or loan guarantor.
  • Personal Loan from ICICI Bank can be obtained with a nominal set of documents.
  • With the help of quick loan approval system, the bank makes sure that all requests of personal loan get approved within 72 hours of submission of loan application and documents.
  • You can avail ICICI personal loan for a maximum tenure of 60 months. It usually ranges between 12 to 60 months.
  • The bank offers personal loan at attractive interest rates starting at 10.99% p.a. and it remains same throughout the loan tenure.
  • You can also avail the extra benefit of liability cover by ensuring your personal loan liability with the bank's 'All Safe' insurance.
  • You can easily transfer your personal loan from another bank to ICICI Bank only if you have already paid 12 EMIs with the existing bank.
  • You can easily repay your personal loan via different sources of payment including ECS (Electronic Clearing System), PDC (Post Dated Cheque) and Auto- Debit.
  • The bank directly credits the amount of loan into your account through Fund Transfer (FT).

Apply for a Personal Loan


ICICI Bank Personal Loan Eligibility Criteria

The following are the factors that affect your personal loan eligibility:

Eligibility Criteria 
Age  23- 58 years


  • Minimum monthly income- 17,500
  • 25,000 (Mumbai & Delhi)
  • 20,000 (Chennai, Hyderabad, Bangalore, Pune, and Kolkata)
Job Stability  2 years in Job
Years in current residence  1 year

ICICI Bank Personal Loan Documentation

Duly filled the application form with photograph pasted & signed across. The following other documents are:

Type of Document Description
 Identity proof

 Any document of following:

  • PAN Card
  • Driving license
  • Voter ID
  • Passport
 Address/ residence proof

Any document of following:

  • Leave and License Agreement
  • Utility Bill (not more than 3 months old)
  • Passport
  • Bank statement Latest 3 months where salary is credited
 Salary Proof/ Income proof
  • Salary slips of latest 3 months
  • Other documents 2 Passport size photos


  • Interest Rate 10.75% - 16.49%
  • Loan Amount 1L - 30L
  • Processing Fee 999 - 2%
  • Tenure5 Years

  • Quick Apply

ICICI Bank Personal Loan processing fee and charges

Fee TypeAmount
Processing Fee  Up to 2.25% p.a. of loan amount +GST
Prepayment charges  5% p.a. of outstanding principal amount + GST
Loan cancellation charges  3,000 +GST

Types of ICICI Personal Loan

Wedding Loan: Wedding is an important affair of life that includes lots of planning. It is a onetime affair and has a long term impact. You can plan your best wedding with the help of ICICI Bank Personal Loan.

Home Renovation Loan: Merely purchasing a house is not an important task, it is equally important to maintain it for its longtime existence. You may require money for repairing or for renovating your house. You can avail ICICI personal loan and decorate your existing loan or repair it.

Holiday Loan: Are you planning for a vacation since long but is failing to do so because of lack of finance. You can fulfill your wish of the international trip then you can go for ICICI Bank Personal Loan.


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EMI Calculator

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